AGL 38.44 Increased By ▲ 0.29 (0.76%)
AIRLINK 129.50 Increased By ▲ 4.43 (3.54%)
BOP 7.11 Increased By ▲ 0.26 (3.8%)
CNERGY 4.55 Increased By ▲ 0.10 (2.25%)
DCL 8.26 Increased By ▲ 0.35 (4.42%)
DFML 38.15 Increased By ▲ 0.81 (2.17%)
DGKC 79.66 Increased By ▲ 1.89 (2.43%)
FCCL 32.30 Increased By ▲ 1.72 (5.62%)
FFBL 72.50 Increased By ▲ 3.64 (5.29%)
FFL 12.18 Increased By ▲ 0.32 (2.7%)
HUBC 109.50 Increased By ▲ 5.00 (4.78%)
HUMNL 13.90 Increased By ▲ 0.41 (3.04%)
KEL 4.94 Increased By ▲ 0.29 (6.24%)
KOSM 7.45 Increased By ▲ 0.28 (3.91%)
MLCF 37.40 Increased By ▲ 0.96 (2.63%)
NBP 69.67 Increased By ▲ 3.75 (5.69%)
OGDC 188.30 Increased By ▲ 8.77 (4.88%)
PAEL 25.11 Increased By ▲ 0.68 (2.78%)
PIBTL 7.26 Increased By ▲ 0.11 (1.54%)
PPL 151.35 Increased By ▲ 7.65 (5.32%)
PRL 25.00 Increased By ▲ 0.68 (2.8%)
PTC 17.15 Increased By ▲ 0.75 (4.57%)
SEARL 81.50 Increased By ▲ 2.93 (3.73%)
TELE 7.51 Increased By ▲ 0.29 (4.02%)
TOMCL 32.70 Increased By ▲ 0.73 (2.28%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.54 Increased By ▲ 0.41 (2.54%)
TRG 56.20 Increased By ▲ 1.54 (2.82%)
UNITY 27.90 Increased By ▲ 0.40 (1.45%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,422 Increased By 332.3 (3.29%)
BR30 30,780 Increased By 1270.7 (4.31%)
KSE100 97,549 Increased By 2975.2 (3.15%)
KSE30 30,424 Increased By 979.6 (3.33%)

The Islamabad High Court (IHC) on Wednesday maintained its stay orders against auctioning of a house belonging to former finance minister Ishaq Dar. A division bench of IHC comprising Justice Mohsin Akhtar Kayani and Justice Lubna Saleem Pervaiz heard the petition of Ishaq Dar's wife, Tabassum Dar, against the auction of her house.

The bench also directed submission of the record of the case from the Accountability Court in this matter and deferred the hearing till March 18. The petitioner's lawyer, Advocate Qazi Misbah informed that the house in Gulberg, Lahore was gifted by Ishaq Dar to his wife in 1989 as "haq mehar".

He further argued that the NAB had seized the house and handed over its custody to the Punjab government for auction. Misbah told that the house was the property of Dar's wife therefore it could not be auctioned by declaring it as Ishaq Dar's assets.

The NAB prosecutor contended that the house could not be handed over to Dar's wife and opposed her claim that it was a gift to her. He pleaded that Tabassum Dar had no evidence of gift deed or any other material, which could prove that the house was gifted to her.

It was purchased by Dar in 1988 and the land department's record showed that Dar was still the owner of the said property. Previously, the court had suspended the accountability court's November 7, 2019 verdict and restrained the auction of the house till the decision on the petition.

An Accountability Court (AC) had ordered freezing the accounts of Hajveri Trust and the auction of Dar's property, after declaring him proclaimed offender due to his continuous non-appearance.

The AC on December 11, 2017, had declared Dar a proclaimed offender and ordered for attachment of his properties, as the former minister has not appeared before the court since 2017 despite repeated notices.

The NAB, therefore, seized all the Dar's moveable and immoveable assets, including a house in Gulberg III, Lahore; three plots in Al-Falah Housing Society, Lahore; six acres of land in Islamabad, a two-kanal plot in the Parliamentarians' Enclave, Islamabad; a plot in the Senate Cooperative Housing Society, Islamabad; another plot measuring two kanals and nine marlas in Islamabad, and six vehicles.

However, the AC later issued a verdict regarding unfreezing of accounts of Hajveri Foundation, directing the persons concerned to spend the money on welfare projects mentioned in the trust deed of the foundation and not for any other purposes.

According to the order, AC Judge Muhammad Bashir further directed the persons concerned that the money from the bank accounts of Hajveri Foundation should be spent only on welfare projects and not for any other purpose; otherwise operating the account for other purposes will be considered an offence within the meaning of Section 23 of the NAO 1999.

Copyright Business Recorder, 2020

Comments

Comments are closed.