Wednesday, May 24, 2017 | ePaper

Pak baces for SC verdict that could remove Sharif

  • Print


Reuters, Islamabad :
A looming Supreme Court decision that could disqualify Prime Minister Nawaz Sharif over corruption allegations had the country on edge Wednesday, as a drawn-out investigation related to the 'Panama Papers' leaks neared a conclusion.
Disqualifying Mr Sharif would leave his party in power, but it would cause intense turmoil at a time when Pakistan is experiencing modest growth and improved security after years of violence, and the civilian government and powerful military have appeared to come to uneasy terms.
Mr Sharif has denied any wrongdoing, but the Supreme Court agreed to investigate his family's offshore wealth late last year after opposition leader Imran Khan threatened street protests.
The Supreme Court could take a range a of steps. It could clear the prime minister, or order a further judicial commission of inquiry or even declare him ineligible to hold office, as it did in 2012 with then-Prime Minister Yusuf Raza Gilani over a contempt of court case.
Pakistani stocks fell 1.5 percent in early trade after the news overnight that a decision would be announced on Thursday afternoon. The benchmark KSE 100 later regained some ground but was still in negative territory by midday.
Both the government and opposition expressed confidence on Wednesday.

More News For this Category

Trump plays up ME peace hopes after talks with Abbas

Trump plays up ME peace hopes after talks with Abbas

Reuters, Bethlehem : US President Donald Trump talked up the prospects of peace between Israelis and Palestinians on Tuesday, saying he believed both sides were committed to an historic deal,

South Korea’s ex- president Park denies charges as corruption trial begins

South Korea’s ex- president Park denies charges as corruption trial begins

AP, Seoul :Former President Park Geun-hye denied corruption charges Tuesday at the start of a criminal trial that could potentially send South Korea's first female leader to prison for life.Police

Philippines, China play down Duterte's talk of war in disputed Sea

Reuters, Manila :The Philippines and China played down on Monday a warning by President Rodrigo Duterte that China would go to war if the Philippines drilled for oil in the

Outgoing WHO Chief says world 'better prepared' for health crises

Outgoing WHO Chief says world 'better prepared' for health crises

AFP, Geneva  :The World Health Organization's outgoing chief Margaret Chan defended her legacy Monday, insisting the world had become better prepared to face health emergencies like Ebola on her watch.In

Two Indonesian men caned for gay sex before jeering crowd

AFP, Banda Aceh :Two Indonesian men were caned Tuesday in front of a jeering crowd as a punishment for gay sex, in a first for the Muslim-majority country where there

News In Brief

Militants kill 10 Afghan soldiers in base attackReuters, Kabul Militants attacked an Afghan government army base in the southern province of Kandahar, killing at least 10 soldiers and wounding nine,

South Korea fires at suspected drone at border with North amid missile crisis

South Korea fires at suspected drone at border with North amid missile crisis

Reuters, Seoul :South Korea's military fired warning shots at a suspected drone from North Korea on Tuesday amid tension over Pyongyang's latest missile test which drew international condemnation and a

Iran reformists sweep Tehran municipal council election

Iran reformists sweep Tehran municipal council election

AP, Tehran :Candidates backing reform of Iran's clerically overseen government swept municipal elections in Tehran, taking all 21 local council seats in the country's capital while moderate President Hassan

No time for Brexit delays, says May as poll lead slips

No time for Brexit delays, says May as poll lead slips

Reuters, London :Prime Minister Theresa May will on Monday urge voters to back her to deliver the country's exit from the European Union, playing one of her strongest cards

North Korea declares medium-range missile ready for deployment

North Korea declares medium-range missile ready for deployment

AFP, Seoul :North Korea on Monday declared its medium-range Pukguksong-2 missile ready for deployment after a weekend test, the latest step in its quest to defy UN sanctions and