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Supreme Court of Pakistan Nullifies Controversial NAB Amendments: Impact and Implications

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4 mn readThe Supreme Court of Pakistan confirmed former Prime Minister Imran Khan’s petition as admissible against the amendments in the National Accountability Bureau (NAB) Ordinance and nullified the amendments that were promulgated by the previous government of PDM. Imran Khan declared the Federation and NAB as parties in his petition against the amendment of NAB rules. A three-member bench headed by Chief Justice of Pakistan Justice Umar Atta Bandial pronounced this decision by a majority of two to one, while Justice Mansoor Ali Shah, who was part of this bench, wrote a dissenting note disagreeing with this decision. The Supreme Court said in its verdict that all the courts including NAB should decide on sending the pending cases to the competent courts in a week.

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Decade of Partnership: China-Pakistan Economic Corridor (CPEC) Marks 10 Years of Transformation

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3 mn readTo commemorate the 10 years of China Pakistan Economic Corridor, Chinese President Xi Jinping’s Special Representative and Deputy Prime Minister He Lifeng visited Islamabad from 30th July to 01 August. Federal Ministers Mr. Ahsan Iqbal and Mr. Rana Sanaullah welcomed the Chinese Deputy Prime Minister and Chinese delegation including 4 ministers.

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IMF Approves $3 Billion to Prevent Pakistan’s Default

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4 mn readPakistan and the International Monetary Fund (IMF) have signed a $3 billion staff-level standby agreement. According to a press release issued by the IMF, the agreement is expected to be approved by its Executive Board in mid-July. This stand-by agreement will help Pakistan to stabilize its economy, which is currently under external pressure. Pakistan has taken several steps in the last few weeks to revive the IMF program. Apart from the decisions to collect additional taxes in the budget, Prime Minister Mr. Shehbaz Sharif also contacted the top officials of the IMF.

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Do more for Bailout Package: IMF told Pakistan

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3 mn readPakistan is passing through difficult times, as the local economy is suffering due to inflation, circular debt, and adjournment in the approval of the IMF program. Though the government of Pakistan has fulfilled almost all terms and conditions associated with the loan program, the IMF is still expecting “Do More”.