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Political legacy passes on as sons of Chaudhry Nisar, Hanif Abbasi ready for NA by-polls

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Political legacy passes on as sons of Chaudhry Nisar, Hanif Abbasi ready for NA by-polls

Senior politician Chaudhry Nisar Ali Khan and PML-N leader Hanif Abbasi have fielded their sons to contest upcoming by-elections on National Assembly seats vacated after the resignations of PTI lawmakers.

Taimur Ali Khan, the son of Chaudhry Nisar, has submitted his nomination papers from NA-59 Rawalpindi-III constituency as an independent candidate.

Meanwhile, Hanif Abbasi’s son Hammad Hanif Abbas would contest by-polls on two seats – NA-60 Rawalpindi IV and NA-62 Rawalpindi VI. The two seats fell vacant after NA speaker Raja Parvez Ashraf accepted resignations of Awami Muslim League (AML) chief Sheikh Rashid and his nephew Sheikh Rashid Shafique.

Hammas Abbasi told media his political training had completed and hoped that he would won elections on both seats.

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On Jan 27, The Election Commission of Pakistan (ECP) issued schedule for by-elections on 33 seats of the National Assembly.

The top electoral body in its notification said it had called the elections “in pursuance of Section 57 of the Elections Act 2017 (Act Na XXXIII of 2017), read with Section 102 and clause (4) of Article 224 of the Constitution of the Islamic Republic of Pakistan” on the seats that fell vacant due to resignations of the PTI lawmakers.

The ECP had directed the candidates to submit the nomination papers to the returning officers from Feb 6 to 8. The publication of names of the nominated candidates will be made on Feb 9. After allotment of election symbols to the candidates on Feb 23, the voting will be held on March 16.

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Pakistan reaches new $7 billion loan deal with IMF

Pakistan reaches new $7 billion loan deal with IMF

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Pakistan reaches new $7 billion loan deal with IMF

Pakistan on Friday reached a staff-level agreement with the IMF for a new $7 billion loan with the International Monetary Fund (IMF) to support its economy as well as deal with its debts.

Earlier this year, the IMF approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan. Finance Minister Muhammad Aurangzeb said the government planned to seek a long-term loan to help stabilize the economy after the end of that bailout package.

The new loan deal will last for 37 months. It is aimed at strengthening fiscal and monetary policy as well as reforms to broaden the tax base, improve the management of state-owned enterprises, strengthen competition, secure a level playing field for investment, enhance human capital, and scale up social protection through increased generosity and coverage in a major welfare program, the IMF said.

“The program aims to capitalize on the hard-won macroeconomic stability achieved over the past year by furthering efforts to strengthen public finances, reduce inflation, rebuild external buffers and remove economic distortions to spur private sector-led growth,” said Nathan Porter, IMF’s mission chief to Pakistan.

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The agreement is subject to approval by the IMF’s executive board.

Pakistan’s new coalition government presented its first budget in parliament last month, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target.

The finance minister said Pakistan wants to collect 13 trillion rupees ($44 billion) in taxes, which would be 40% more than in the current fiscal year.

Aurangzeb also said the government will ensure that the number of taxpayers increases. Only about 5 million people in Pakistan pay taxes.

Analysts said the new budget of about $68 billion — up from $50 billion in the last fiscal year — was aimed at qualifying for a long-term IMF loan of $6 billion to $8 billion to help stabilize the economy. Pakistan in 2023 nearly defaulted on the payment of foreign debts.

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Money-laundering: Moonis Elahi, six others declared absconders

Money-laundering: Moonis Elahi, six others declared absconders

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Money-laundering: Moonis Elahi, six others declared absconders

The special central jail in Lahore has declared Moonis Elahi, son of Chaudhry Pervez Elahi, and six other accused absconders in the money-laundering case filed by the Federal Investigation Agency (FIA). 

The special central jail heard the money-laundering case on Saturday. The FIA submitted the incomplete challan of nine accused including Moonis Elahi in court. 

Chaudhry Moonis Elahi and other accused have been declared proclaimed offenders in the challan. The other proclaimed offenders are Farasat Ali, Imtiaz Ali, Amir Sohail, Wajid Ahmad and Amir Fayyaz. 

The accused Zara Elahi, Ahmad Farhan and Zaigham Abbas have been included in Column No 4 for being on bail. 

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The FIA has requested the court to freeze the properties of Moonis Elahi and other nine accused. The court has frozen the properties of seven accused, except Monis Elahi and Zaigham Abbas. 

Counsel for Moonis Elahi and Zaigham Abbas requested time for arguments on properties freezing matter from the court. 

The court directed the counsel to present arguments until Aug 20. Judge Tanveer Ahmed Sheikh issued the written verdict of early hearing on challan. 

The judgement mentions that Interpol is being engaged for the arrest of Moonis Elahi and Interpol has issued red notices to him. Zara Elahi is accused of receiving kickbacks. As per investigative officer, Zara Elahi couldn’t present evidence of her income sources. 

Zaigham Abbas is a cash boy of Moonis Elahi and accused Zaigham Abbas used to do illegal money transactions in the bank accounts of other accused. It has been alleged that accused Ahmed Farhan used to deposit money with bank accounts. 

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It is pertinent to note that the FIA registered the money-laundering and corruption case against Moonis Elahi on June 6, 2023.

Also read: FIA confiscates Chaudhry Moonis Elahi’s assets

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Pakistan, US pledge collaboration on multiple fronts

Pakistan, US pledge collaboration on multiple fronts

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Pakistan, US pledge collaboration on multiple fronts

 Federal Interior Minister Mohsin Naqvi met US Ambassador to Pakistan Donald Blome and both sides agreed to strengthen mutual cooperation in counter-terrorism, anti-narcotics, and security. 

The US ambassador visited the Ministry of Interior, where Naqvi welcomed him. Other officials were also present on the occasion. 

During the meeting, both sides discussed the Pakistan-US relations, security and other matters of mutual interest. They pledged to enhance cooperation in security, counter-terrorism, anti-narcotics, and other areas. 

Both sides agreed to organise “law enforcement dialogues” in October. 

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The interior minister assured the US ambassador of the ministry’s full cooperation in enhancing bilateral relations. 

Talking about his recent visit to New York, Naqvi said the issue of cooperation between Islamabad and the New York Police Department was discussed. He said a delegation of Islamabad police would soon visit New York to improve mutual cooperation. 

He said officers from Islamabad police were keen to receive training from the New York Police Department. 

The minister said Pakistan’s minorities were enjoying equal rights under the country’s constitution. He assured the ambassador that all possible measures had been implemented to net those involved in the Jaranwala incident. 

Regarding cricket affairs, Naqvi (who is also the chairman of Pakistan Cricket Board), lauded the US government for hosting a successful T20 World Cup. He said efforts were on to arrange a tri-nation series involving Pakistan, US and Canada. He also mentioned that Pakistan was working for a cricket league in America and Canada.

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The US ambassador expressed his gratitude, saying a number of cricket lovers enjoyed the T20 World Cup matches.

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