Tuesday, June 27, 2017 | ePaper

BREAKING NEWS:

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

Macron puts national security at heart of foreign policy

Macron puts national security at heart of foreign policy

Reuters, Paris :President Emmanuel Macron is starting to realign France's foreign policy, setting out plans to be less interventionist in conflicts abroad and putting his country's national security at

Ivanka ordered to testify in dispute with shoe company

Ivanka ordered to testify in dispute with shoe company

AP, New York :Ivanka Trump must testify in a dispute with an Italian shoemaker over one of her company's shoe designs, a judge said Friday.U.S. District Judge Katherine Forrest

London council evacuates tower blocks as fire fallout widens

London council evacuates tower blocks as fire fallout widens

AP, London :The scope of Britain's fire-safety crisis broadened Saturday after a local government agency evacuated four public housing towers due to concerns about fire doors and the insulation

News In Brief

Death toll in Pakistan attacks climbs to 61AP, PeshawarThe death toll from twin blasts in the northwestern town of Parachinar climbed to 45 overnight, bringing the overall death toll

Priorities, nature of ties with India, Pakistan different:WH

Priorities, nature of ties with India, Pakistan different:WH

PTI, Washington :Asserting that the US' ties with India and Pakistan were not a 'zero-sum game', the White House has said that the Trump administration's priorities and the nature

White House dubs Gulf crisis 'a family issue'

White House dubs Gulf crisis 'a family issue'

AFP, Washington :The White House said Friday it considers the deepening crisis in the Gulf to be primarily "a family issue," urging regional leaders to chart a way out

Senate Republicans unveil Obamacare replacement bill after months of closed-door crafting

Senate Republicans unveil Obamacare replacement bill after months of closed-door crafting

Reuters, Washington :U.S. Senate Republicans on Thursday unveiled their version of legislation that would replace Obamacare, proposing to kill a tax on the wealthy that pays for it and

In just a year, Republicans became far more skeptical of claims of racism

In just a year, Republicans became far more skeptical of claims of racism

AP, Washington :Republican attitudes toward African-Americans hardened significantly in 2016, according to an authoritative new study.Only 32 percent of Republican voters in 2016 said they believe that African-Americans face

EU leaders boost support for Libya to halt migrant exodus

EU leaders boost support for Libya to halt migrant exodus

AP, Brussels :European Union leaders are set Friday to boost their support for conflict-ravaged Libya as the number of people fleeing Africa from there for better lives in Europe

News In Brief

US must quit Afghanistan for peace: TalibanReuters, Kabul The Taliban warned on Friday against sending more Western troops to Afghanistan, while pledging that it sought only independence under Islamic