Khursheed Shah will stay in rack of NAB for further 30 days. Click on the link to see full news on BAADBAN TV

An accountability court has extended Khursheed Shah’s judicial remand for five days, in assets beyond means case here on Saturday.

Pakistan People’s Party (PPP) stalwart Syed Khursheed currently is under treatment at the National Institute of Cardiovascular Diseases (NICVD) Sukkur.

Recently, he underwent an angiography procedure due to cardiac problem.

Shah was produced before the NAB court in an ambulance from the NICVD hospital amid tight security measures.

The court extended judicial remand of the former opposition leader in National Assembly till December 12. During the today’s hearing, the judge asked Shah about his health.

“Shah Sahab… how is your health now”, the judge asked, “I’m fine, no any issue”, Syed Khursheed replied.

On November 23, an accountability court had extended judicial remand of Shah for 15 days.

The Pakistan People’s Party (PPP) leader is facing charges of corruption in assets beyond means of income reference.

“Syed Khursheed Shah has opened as many as 105 banks accounts under his and family members name in Karachi, Sukkur and other cities”, NAB sources claimed.

Multiple corruption cases against Shah are under investigation with NAB.

In 2012, an accountability court had directed NAB to file a reference against him on a complaint pertaining to alleged accumulation of illegitimate assets.

In 2013, NAB had reopened two corruption cases against Shah under the directives of the Lahore High Court.

In July this year, NAB Chairman retired justice Javed Iqbal had approved nine inquiries against different personalities, including Shah.

Fawad Alam’s decade-long exile ends as Misbah announces squad for Sri Lanka series. He’s ready to scupper Misbah ul Haq’s team. Click on the link to see full news on BAADBAN TV

Fawad Alam was the notable induction as Pakistan’s head coach and chief selector Misbah-ul-Haq on Saturday announced the national team’s Test squad for the upcoming series against Sri Lanka.

Alam, who last played the last of his three Tests in 2009, has finally been rewarded for his rich vein of form in domestic circuit. He was selected in place of Iftikhar Ahmed, who was unable to make an impact in the Test series in Australia recently.

“We needed someone at number six and Fawad Alam [fits the bill]. His selection is not based on just one year. It is an accumulation of his performances over five to six years. He has a career average of 57 and is in great form right now as well,” the coach said, adding that there were only two changes to the squad.

Sindh govt is not faltering, it has failed: PM Imran. Click on the link to see full news on BAADBAN TV

ISLAMABAD: Prime Minister Imran Khan on Friday said governance in Sindh was not only dissatisfactory, but also unsuccessful.

The prime minister expressed his views while speaking to a delegation of Pakistan Tehreek-e-Insaf’s (PTI) allied parties led by Sindh Governor Imran Ismail.

“Record corruption has been done in Sindh in the last 10 years. There is no room for corrupt people in Pakistan. Nobody will be spared… all will face the long arm of the law,” the prime minister said.

“Our agenda is to eliminate corruption root and branch. It is corruption that has deprived our country of development and prosperity. The process of indiscriminate and uninterrupted accountability will continue.”

The prime minister added that progress and prosperity of the people of Sindh was amongst the top priorities of the government and it would take every possible measure for this purpose.

The delegates in the meeting also briefed the prime minister about the progress of the ongoing social welfare and development projects in Sindh.

The attendees of the meeting informed the prime minister about the difficulties they faced in implementation of the roadmap for the development and prosperity of the people of Sindh.

The meeting agreed on appointment of focal persons in the federal government ministries for resolution of issues, concerning Sindh.

The meeting was attended by Muttahida Qaumi Movement’s Kishwar Zehra, Naveed Jamil, Faisal Sabzwari, Khawaja Izharul Hasan, Muhammad Hussain Khan, Hameeduz Zafar, Muhammad Rashid and Grand Democratic Alliance’s Dr Fehmida Mirza, Ghous Bakhsh Mehar, Arbab Ghulam Rahim, Murtaza Jatoi, Safdar Abbasi, Ayaz Palejo, Zulfiqar Mirza, and Ali Gohar from the GDA. From PTI Foreign Minister Shah Mehmood Qureshi, Minister for Planning, Development and Reforms Asad Umar, Energy Minister Omar Ayub Khan, Maritime Affairs Minister Ali Haider Zaidi, Saleem Adil Sheikh, Muhammad Aslam Abro, Khurram Sher Zaman, Amir Bakhsh Bhutto, Jay Parkash, Ashraf Qureshi, Ali Junejo and Hasnian Mirza.

Pak inflation surges to nine-year high. Click on the link to see full news on BAADBAN TV

Islamabad: Inflation in Pakistan rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, it was reported.

The Pakistan Bureau of Statistics (PBS) reported on Wednesday that inflation, measured by the Consumer Price Index (CPI), edged up by 1.3 per cent over the previous month after the PBS revised its calculation methodology by setting the new base year 2015-16 instead of the previous 2007-08 financial year.

The Finance Ministry claimed that inflation would come down from the next month without saying how, Dawn news reported.

The data released on Wednesday shows that higher prices of food items have been the largest driver in overall inflation in November.

It has also been observed that the prices of essential food items were higher in rural areas than in urban areas.

 

The International Monetary Fund has estimated that Pakistan’s inflation may escalate up to 13 per cent, but the government’s estimate is between 11 per cent and 13 per cent for the current fiscal year.

Average inflation measured by the Sensitive Price Index crawled up 14.22 per cent in July-November from 1.99 per cent during the same period last year, while the Wholesale Price Index went up 13.52 per cent from 16.99 per cent.