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

LHC seeks NAB reply over Fawad’s arrest

byCT Report
16/08/2018
in Business
Share on FacebookShare on Twitter

LAHORE: The Lahore High Court Wednesday sought reply from National Accountability Bureau (NAB) on a petition moved by former principal secretary to prime minister Fawad Hassan Fawad against his arrest in Ashiyana Housing scheme scam and accumulating assets beyond means.

A LHC division bench headed by Justice Muhammad Tariq Abbasi directed the NAB authorities to submit reply by the next week, with directives to the counsel of the petitioner to move a separate petition for constitution of a medical board for medical examination of Fawad. Arguing before the bench, the counsel of Fawad said that initially his client was arrested in corruption case related to Punjab Land Development Company and Ashiyana Housing Scheme and later was arrested for accumulating assets beyond means. The lawyer said the NAB committed illegality in arresting Fawad in Assets’ case as it was violation of Section 24 of the NAB ordinance 1999.

You might also like

SECP blocks inactive companies from opening new bank accounts

02/11/2026

OGRA increases RLNG prices by up to 15.3pc in October

31/10/2026

He argued that the legal formalities had also not been followed by the NAB officials regarding arrest of his client. He asked the court to set aside arrest of Fawad Hassan Fawad for being illegal and unlawful.

After hearing initial arguments of the petitioner’s counsel, the bench headed by Justice Abbasi sought reply from the NAB and adjourned the hearing till the next week.

The NAB officials arrested Fawad, accusing him of concealing the report of the inquiry committee about the contract from the senior officials due to his mala fide intention. The inquiry committee had been working under the supervision of the then Finance Secretary Tariq Bajwa. According to the findings of the inquiry committee, the contract awarded to Ch Latif and Sons was legal and approved as per rules. The contract of the Ashiyana Iqbal Project was suspended eight months after it was approved and awarded.

The contractor, Ch Latif and Sons, had paid Rs 70 million in advance as mobilization charges. The work was also in progress when the project was suspended.

The NAB said the “illegal actions” taken by Fawad Hassan Fawad delayed the project and multiplied its cost and also ignored the notices issued by the bureau for his appearance in the case. Former LDA DG Ahad Khan Cheema was on judicial remand after serving 90-day remand in the NAB custody.

A petition was moved to the Lahore High Court Wednesday challenging two petitions against the NAB ordinance, trial and conviction of Nawaz Sharif, Maryam Safdar and Captain (retd) Muhammad Safdar as well as other trial and cases under the same law.

Chaudhary Younas, a local lawyer, had moved the petition stating that the conviction of Nawaz Sharif and his family members was in accordance with the law and all legal formalities were fulfilled in their conviction.

Related Stories

SECP blocks inactive companies from opening new bank accounts

byCT Report
02/11/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Saturday declared 39,704 companies “Inactive by Registrar” for failing to...

OGRA increases RLNG prices by up to 15.3pc in October

byCT Report
31/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3%...

Pakistan’s exports rise 7.7 percent to $8.5 billion in 1QFY-2027

byCT Report
30/10/2026

ISLAMABAD: Pakistan’s remittances reached $10.9 billion in the first quarter of fiscal year 2026-27, marking a 14 percentage increase year-on-year,...

Wheat, flour prices expected to decline after imported wheat arrives

byCT Report
29/10/2026

KARACHI: A ship carrying 51,000 tonnes of imported wheat has arrived at Karachi Port, raising hopes of a decline in...

Next Post

Pak rupee makes recovery in interbank

  • 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.