Top court set to hear NAB appeals against Sharif family

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Abdullah Siddiqui in “Nuqta-e-Nazar” covered these topics:

         Saudi Arabia has agreed to loan Pakistan $3 billion for one year as balance of payment support and to provide a one-year deferred payment facility for oil payments, up to $3 billion, Foreign Office said on Tuesday.

According to a press release issued by by the foreign office, Prime Minister’s visit to Saudi Arabia has resulted in significant understandings between Pakistan and Saudi Arabia.

        The top court will hear today (Wednesday) the National Accountability Bureau’s (NAB) petition challenging the Islamabad High Court’s (IHC) September 19 verdict to suspend former premier Nawaz Sharif and his family members’ July 6 conviction by an accountability court.

The NAB has filed three different petitions under Article 185 against the IHC judgement and raised 30 legal grounds to justify its appeal against the IHC verdict.

The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved the hike in price of electricity prices by Rs0.20 per unit.

The Economic Coordination Committee (ECC) on Wednesday approved a 10 per cent increase in the power rates for consumers using more than 300 units.

The decision was taken in a committee meeting headed by Finance Minister Asad Umar.

Commenting on the government’s decision to hike the power tariff, Umar said that the decision was inevitable due to the growing circular debt and economic challenges facing the country.

“However, the government has decided to decrease the power tariff for the agricultural sector by five per cent,” he said.