Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Guarantor seeks three weeks to present Dar before court

byCT Report
25/11/2017
in Business
Share on FacebookShare on Twitter

ISLAMABAD: A guarantor for former finance minister Ishaq Dar requested an accountability court on Friday to grant three weeks’ time to present him before it in a reference filed against him by the National Accountability Bureau (NAB).

Dar has been accused of amassing wealth beyond his known sources of income in the reference filed against him in compliance with the Supreme Court’s July 28 verdict in the Panama Papers.

You might also like

LPG prices rise sharply as OGRA sets October rates

01/10/2026

McDonald’s Pakistan celebrates 28 years, recognises partners

30/09/2026

Earlier this week, the court declared the former finance minister an absconder and issued a show cause notice to his guarantor to explain as to why his surety bonds worth Rs5 million should not be confiscated for failing to ensure presence of the accused in the court.

Guarantor Ahmed Ali Quddusi filed a reply to the show-cause notice, requesting the court to grant three weeks to produce Dar before it.

The hearing was adjourned till Nov 29 when the court would hear arguments on whether or not to confiscate the surety bonds.

Dar, who is currently in London, skipped the hearing on November 21 despite issuance of non-bailable warrants for his arrest, promoting the court to declare him an absconder in the case.

At the previous hearing, the court granted a request by the NAB prosecution team to initiate proceedings to declare Ishaq Dar as a proclaimed offender in the assets reference.

Investigation Officer Nadir Abbas submitted a compliance report, stating that he visited the accused person’s Lahore and Islamabad residences to execute non-bailable warrants, but he remained elusive.

Advocate Hussain Mufti, the counsel for the minister, submitted his client’s medical report, informing the judge that he is to undergo a medical check-up on November 27 and the doctors have barred him from travelling.

NAB prosecutor Imran Shafiq pointed out some discrepancies in two medical reports submitted in the court, saying the first one claimed that a blood vessel leading to the ailing minister’s heart had ruptured and he had a history of the illness, but the latest report claimed otherwise.

Related Stories

LPG prices rise sharply as OGRA sets October rates

byCT Report
01/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant increase in liquefied petroleum gas (LPG) prices for...

McDonald’s Pakistan celebrates 28 years, recognises partners

byCT Report
30/09/2026

ISLAMABAD: McDonald’s Pakistan has marked 28 years of operations in the country by recognizing the local businesses and organizations that...

SECP proposes higher borrowing limits for microenterprises & housing loans

byCT Report
29/09/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed raising the maximum loan limit for microenterprise and housing...

Attock Refinery plans new 50,000 bpd deep-conversion refinery alongside $600m upgrade

byCT Report
28/09/2026

ISLAMABAD: Attock Refinery Limited (ATRL) is considering setting up a new 50,000 barrels-per-day (BPD) deep-conversion refinery alongside its planned $600...

Next Post

EU fast tracks $1.1bn Ireland-France power link ahead of Brexit

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.