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ISLAMABAD: An Accountability Court on Friday cancelled the arrest warrants of Finance Minister Ishaq Dar in a case of ‘assets beyond known source of income’. The case had been filed by the National Accountability Court. The court also ordered Ishaq Dar to submit surety bonds of Rs. one million.
During the course of today’s proceedings, Judge Muhammad Bashir asked NAB if it had issued any arrest warrants as well, on which the respondent said they had issued the warrants which were later suspended.
The defense counsel said the arrest warrants were issued for the sole purpose of ensuring the appearance of the accused [Ishaq Dar]. NAB, on this occasion, said since Dar had appeared before the court, they had no objection if the warrants were cancelled.
Judge Muhammad Bashir remarked that a supplementary reference seeking indictment [of Ishaq Dar] had also been filed, on which the defense counsel said they would submit arguments to prove that the reference stood dismissed on merit.
Accepting the plea, the court cancelled the warrants and ordered Dar to submit surety bonds of Rs. one million.
Talking to media on this occasion, Ishaq Dar claimed that his government had given the right direction to the country’s economy as the value of Dollar against Rupee was depreciating which was a ‘miracle’.
Without narrating causes and background, Ishaq Dar claimed that the value of Dollar was appreciated against Rupee by artificial ways and means, and the same would go down below Rs 200 in the coming day. He, however, failed to explain as to who was actually responsible for the devaluation of Rupee which experienced a nosedive depreciation since April this year, the month when Shehbaz Sharif-led coalition grabbed power by removing Imran Khan. Miftah Ismail has since then been leading the Finance Ministry.
Ishaq Dar also claimed that with improved rupee’s value our foreign debt had decreased by 2600 billion rupees within few days. He stressed the need for a ‘charter of economy,’ urging all parties to refrain from doing politics when it comes to dealing with the economy,
