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Pak accountability court issues bailable warrants against ousted PM Nawaz Sharif

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Nawaz Sharif

[vc_row][vc_column][vc_column_text]Nawaz given time till Nov 3 to appear before the court which had earlier indicted him in the Avenfield properties graft case linked with the Panama Papers leak

In yet another setback to ousted Pakistan Prime Minister Nawaz Sharif, who has been indicted in graft cases linked with the Panama Papers leak, an accountability court in Islamabad, on Thursday, issued bailable warrants against him in connection with two corruption references.

Sharif has been granted time till November 3 to present himself before the court. If the Pakistan Muslim League (Nawaz) chief fails to appear before the accountability court on the said date, non-bailable warrants may be issued against him. On earlier hearings in the case, Sharif’s legal team had claimed that he was in London to attend to his ailing wife Kulsoom Nawaz who is undergoing treatment for throat cancer. However, the former Premier and his wife are currently in Saudi Arabia, where they had arrived earlier this week and were reportedly en route to Pakistan.

As the hearing into the three corruption references against Nawaz and his family members began in the accountability court on Thursday, the former prime minister’s lead counsel Khawaja Haris pleaded before Accountability Judge Mohammad Bashir that his client should be exempted from appearing in court owing to his wife’s illness and ongoing treatment.

However, the National Accountability Bureau (NAB) prosecutor argued that Nawaz had been granted time to appear in the court on Thursday as his earlier exemption period of 15 days was now over. The NAB then pressed for warrants to be issued to Nawaz to secure his production in the court on the next date of hearing (November 3).

The warrants have been issued to Nawaz for his alleged role in the Azizia Steel Mills and Flagship Investment Limited references – both cases that were slapped against the former Prime Minister following an expose in the famous Panama Papers leak case.

Nawaz has not submitted surety bonds in the Azizia and Flagship references whereas he has submitted in the court a Rs5 million surety bond in the third reference made against him for his alleged role in the London-based Avenfield properties case, in which he was recently indicted along with his daughter Maryam and son-in-law Capt Muhammad Safdar and is awaiting trial.

Haris informed the accountability court that the former Prime Minister’s legal team has challenged Nawaz’s indictment in the references in the Islamabad High Court which is scheduled to hear the case on November 2.

Earlier, as the hearing began, Maryam Nawaz, the former Premier’s daughter who is accused in the Avenfield reference, reached the court after landing at Islamabad airport in a special plane from Lahore while her husband, Capt (retd) Safdar, arrived at the Federal Judicial Complex before her.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1509022436289{margin-bottom: 20px !important;border-bottom-width: 20px !important;padding-top: 20px !important;padding-bottom: 20px !important;background-color: #b2b1bf !important;}”][vc_column][vc_column_text]The references against Nawaz and his family:

The NAB has in total filed three references against the Sharif family and one against Finance Minister Ishaq Dar in the accountability court, in light of the Supreme Court’s orders in the Panama Papers case verdict of July 28.

The anti-graft body was given six weeks, from the date of the apex court’s order, to file the reference in an accountability court while the accountability court was granted six months to wrap up the proceedings.

The references against Sharif and his family pertain to the Azizia Steel Mills and Hill Metals Establishment, their London properties and over a dozen offshore companies owned by the family.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Court approves Maryam, Safdar’s bail

According to a report by Pakistan’s Geo News, Maryam and Safdar – who are indicted only in the London Avenfield properties reference – have been granted bail by the accountability court on the condition of them submitting surety bonds worth Rs5 million each.

Safdar was also directed to take the court’s permission before leaving the country from now on. The judge also provided a copy of the reference — spread over 53 volumes — to Maryam and her husband.

NAB’s Rawalpindi branch prepared two references regarding the Azizia Steel Mills and Hill Metals Establishment, and the nearly dozen companies owned by the Sharif family.

Its Lahore branch prepared a reference on the Sharif family’s Avenfield apartments in London and another against Finance Minister Ishaq Dar for owning assets beyond his known sources of income.

If convicted, the accused may face up to 14 years imprisonment and lifelong disqualification from holding public office including the freezing of bank accounts and assets.[/vc_column_text][/vc_column][/vc_row]

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Suicide bombing at Islamabad imambargah kills 69, over 160 injured

At least 69 people were killed after a suicide bomber detonated explosives at a Shia shrine in Islamabad’s Shehzad Town area, triggering a city-wide emergency.

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Suicide bombing at Islamabad Shrine

A suicide bombing at a Shia place of worship in Pakistan’s capital Islamabad left at least 69 people dead and more than 160 injured on Friday, according to media reports.

The explosion took place at Tarlai Imambargah, located in the Shehzad Town area, when a suicide bomber detonated explosives near the main gate of the shrine during afternoon hours.

Attacker stopped at entrance, officials say

Security officials were quoted as saying that the attacker was intercepted by guards at the entrance, preventing him from entering the main hall where worshippers had gathered. Despite this, the blast caused extensive damage to the gate and nearby structures.

Visuals from the scene showed shattered windows of surrounding buildings and debris scattered across the road following the explosion.

Emergency declared, injured shifted to hospitals

Following the blast, the Islamabad Inspector General of Police declared a city-wide emergency, as rescue and law enforcement teams rushed to the site amid fears of high casualties.

The injured were shifted to Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital for treatment.

Prime minister condemns attack

Pakistan Prime Minister Shehbaz Sharif expressed deep grief over the attack and strongly condemned the bombing at the Shiite mosque in Islamabad.

In a statement, he said the incident was a tragic act of violence and offered condolences to the families of those killed. Official statements noted that dozens were injured in the attack, with treatment ongoing at city hospitals.

Previous attack referenced

The incident comes less than three months after a suicide blast outside a district and sessions court building in Islamabad on November 11, 2025, in which 12 people were killed and over 30 injured.

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Suicide bombing at Islamabad shrine kills 10, over 20 injured

A suicide bombing at a Shia shrine in Islamabad’s Shehzad Town area killed at least 10 people and injured over 20, prompting a city-wide emergency.

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Suicide bombing at Islamabad Shrine

At least 10 people were killed and around 20 others sustained injuries after a suicide bomber detonated explosives at a Shia shrine in Pakistan’s capital, Islamabad, on Friday afternoon.

The explosion took place at Tarlai Imambargah, located in the Shehzad Town area, when the attacker set off the device at the main entrance of the place of worship, where devotees had gathered.

Bomber stopped at entrance, say officials

Security officials said alert guards intercepted the attacker at the gate, preventing him from entering the main hall of the shrine. The timely action is believed to have reduced the scale of casualties inside the premises.

However, the blast caused significant damage to the gate structure. Visuals from the site showed shattered windows of nearby buildings and debris scattered across the road following the explosion.

Emergency declared across Islamabad

In the aftermath of the attack, the Islamabad Inspector General of Police declared a city-wide emergency. Rescue teams and law enforcement personnel rushed to the site amid concerns that the casualty count could rise.

The injured were shifted to Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital for treatment.

Recent history of suicide attacks in the capital

The incident comes less than three months after a suicide bombing outside a district and sessions court building in Islamabad on November 11, 2025, which killed 12 people and injured more than 30 others, raising renewed concerns over security in the capital.

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Bangladesh rushes to finalise US trade deal after India secures lower tariffs

Bangladesh is accelerating talks with the US to finalise a trade agreement after India secured lower tariffs, raising concerns over export competitiveness and transparency.

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Bangladesh is moving quickly to finalise a trade agreement with the United States after India concluded a deal with Washington that lowered tariffs on Indian goods to 18 per cent. The development has triggered concern in Dhaka that Bangladesh could lose market share in the US if it fails to secure comparable or better terms.

The US and Bangladesh are expected to sign the agreement on February 9, just three days before the country’s national election scheduled for February 12. The timing and lack of transparency surrounding the deal have drawn criticism from economists, business leaders and political observers.

Bangladesh’s economy is heavily dependent on ready-made garment exports, which account for nearly 90 per cent of its exports to the US. Any tariff disadvantage compared to India could significantly impact export orders and employment in the sector.

Tariff cuts under negotiation

The proposed agreement follows a series of tariff revisions imposed by Washington. In April 2025, the US imposed a steep 37 per cent tariff on Bangladeshi goods. This was reduced to 35 per cent in July and further lowered to 20 per cent in August.

According to reports, the upcoming deal is expected to bring tariffs down further to around 15 per cent. Officials see this as critical to keeping Bangladeshi exports competitive against Indian products in the US market.

Secrecy around negotiations raises concerns

Concerns have intensified due to the confidential nature of the negotiations. In mid-2025, the interim government led by Muhammad Yunus signed a formal non-disclosure agreement with the US, committing to keep tariff and trade discussions confidential.

No draft of the agreement has been shared with the public, parliament or industry stakeholders. A commerce adviser had earlier stated that the deal would not go against national interests and could be made public with US consent.

Policy experts, however, argue that the lack of disclosure prevents meaningful debate on the agreement’s long-term implications.

Conditions reportedly linked to the deal

Media reports suggest that the agreement may include several conditions. These include reducing imports from China, increasing military procurement from the US, and allowing American goods easier access to the Bangladeshi market.

It is also reported that Bangladesh may be required to accept US standards and certifications without additional scrutiny. Inspections on US vehicle imports and parts could reportedly be eased to facilitate smoother entry into the local market.

A senior policy analyst described the process as opaque, noting that signing the agreement just days before elections could bind the hands of the next elected government.

Garment industry left in the dark

Bangladesh exports garments and textiles worth between $7 billion and $8.4 billion annually to the US, accounting for nearly 96 per cent of its total exports to the American market. In comparison, Bangladesh imports around $2 billion worth of goods from the US.

With India and Bangladesh exporting similar apparel products, lower tariffs for India could shift US buyers towards Indian suppliers. Industry leaders warn that this could put millions of jobs at risk in Bangladesh’s garment sector, which employs 4 to 5 million workers, most of them women.

The sector contributes over 80 per cent of Bangladesh’s export earnings and nearly 20 per cent of its GDP.

A senior garment exporters’ association official said the agreement carries major implications and should ideally have been signed after the election to allow broader political and public discussion.

Political timing draws criticism

Economists and analysts have also questioned why an unelected interim administration is finalising a major trade agreement so close to national elections. They argue that responsibility for implementing the deal will fall on the incoming elected government.

A prominent economist criticised the process as lacking transparency and warned that the country could be pushed into long-term commitments without adequate scrutiny or public consent.

Meanwhile, US diplomats have indicated openness to engaging with various political forces in Bangladesh, including Jamaat-e-Islami, which has been banned multiple times in the country’s history.

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