AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

ISLAMABAD: The Accountability Court on Friday adjourned hearing of former president Asif Ali Zardari’s objection petition against the confiscation of his three luxury vehicles without any progress due to absence of his counsel.

The Accountability Court judge, Muhammad Bashir, while hearing the case, adjourned the hearing of the case till February 23rd due to absence of Zardari’s counsel. Zardari had challenged confiscation of his three luxury vehicles that he says he bought from Toshakhana.

According to the application, the accountability court had on August 17, 2020 accepted the National Accountability Bureau (NAB)’s request and issued an order to seize the vehicles. Subsequently, the NAB had in August issued a directive for surrendering the vehicles.

Zardari contended that the decision to confiscate the vehicles was illegal and requested the court to issue a stay order till a decision on his application.

Established in 1974, Toshakhana is a department under the administrative control of the Cabinet Division and stores precious gifts given to rulers, parliamentarians, bureaucrats and officials by heads of other governments, states and foreign dignitaries as a goodwill gesture.

The NAB had filed the Toshakhana reference against Zardari, Sharif, Syed Yousaf Gilani, and others, for allegedly acquiring vehicles and gifts from Toshakhana in violation of rules and regulations.

The court had frozen the ownership of Asif Zardari’s three vehicles including two BMWs and one Lexus car. The ownership of one Mercedes owned by Nawaz Sharif was also seized. The court adjourned hearing of the case till February 23rd.

Copyright Business Recorder, 2021

Comments

Comments are closed.