KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
LAHORE: A special court on Thursday granted pre-arrest bail to Leader of the Opposition in National Assembly Shehbaz Sharif and his son Hamza in an inquiry into the money laundering and sugar scams initiated by the Federal Investigation Agency (FIA).
Hamza appeared before the Central-I court along with his legal team, while Shehbaz remained in his vehicle outside the premises following doctors’ advice in view of Covid-19.
The counsel for the opposition leaders told the court that bail petitions pending before a special court for banking offences had been withdrawn.
The judge allowed the bail of Shehbaz and Hamza till Feb 1 and directed them to furnish bail bonds of Rs200,000 each.
The judge also sought a reply from the FIA by the next hearing.
The inquiry against the PML-N leaders had been transferred from the special court for banking offences to the special court (Central-I) after the question of the courts’ jurisdiction was decided on Jan 14.
The FIA had booked Shehbaz and his sons Hamza and Suleman in November 2020 under sections 419, 420, 468, 471, 34 and 109 of Prevention of Corruption Act and r/w 3/4 of Anti Money Laundering Act. Suleman Shehbaz is absconding in the UK.
An accountability court on Thursday gave the last opportunity to the counsel for Leader of the Opposition in Punjab Assembly Hamza Shehbaz to advance arguments on his acquittal application in the Ramzan Sugar Mills reference.
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