Assets Reference: AC adjourns hearing against Ishaq Dar

23 Feb, 2018 3:57 pm

ISLAMABAD (92 News) – An accountability court (AC) on Friday adjourned the hearing of assets beyond income reference against former finance minister Ishaq Dar filed by the National Accountability Bureau(NAB) in line with the Supreme Court judgement in Panamagate case.

The AC judge Judge Mohammad Bashir heard the reference filed against Ishaq Dar for having assets beyond known means.

During the proceedings, the anti-graft agency could not file supplementary reference against the former federal minister.

The NAB prosecutor told the court that the supplementary reference was ready and the authorities had also given a go head but they didn’t filed the reference due to hearing of references against former prime minister Nawaz Sharif. The reference against former senator will be filed on Monday, he added.

On the other hand, the court recorded the statement of prosecution witness, while the counsel of former minister Ishaq Dar cross examined the witnesses.

The court later adjourned the hearing till February 26.

In previous hearing, the court had recorded the statement of Wajid Zia, the head of the Joint Investigative Team (JIT) formed by the Supreme Court and Investigation Officer, while the counsel of former minister Ishaq Dar cross examined the witnesses.

The court had ordered the JIT head to appear on February 12 along with the record.

The charges against Dar followed an investigation into the finances of former prime minister Nawaz Sharif, who was ousted in July after the Supreme Court disqualified him for not declaring salary from his son’s off-shore company.

The finance minister is one of Sharif’s closest political allies and Dar’s son has married Sharif’s daughter. Both men deny any wrongdoing.

Dar had resigned from his post amid his legal woes and a worsening economic outlook for Pakistan, which is battling to stave off a balance of payments crisis due to dwindling foreign currency reserve and a widening current account deficit.

He was initially lauded for steering Pakistan out of a balance of payments crisis in 2013 and returning the nuclear-armed country towards a higher growth trajectory.

But over the past year, he has faced criticism for his refusal to allow the rupee to weaken to ease macroeconomic pressures. He has also been accused of eroding the central bank’s independence.



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