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Shahbaz Sharif Sent For 10-Day Custody in Corruption Case

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In a fast moving development in Pakistan, an accountability court in Lahore has granted 10-day physical remand of PML-N President and former Chief Minister of Punjab Shahbaz Sharif to the National Accountability Bureau (NAB) in the Ashiana Housing Scheme case on Saturday

According to Dawn report, Shahbaz — who was taken into custody by the NAB yesterday,  was produced before the accountability court while the watchdog sought his custody.

Shahbaz, who was the most important PML-N leader, and family member of imprisoned Nawaz Sharif, former PM, his daughter and son-in-law, said “I did not do anything illegal. I have always worked for the prosperity of this country. We recovered millions from those who looted [the country] and deposited [the recoveries] in the national treasury.”

Shahbaz is accused of ordering the cancellation of a contract given to successful bidder Chaudhry Latif and Sons for the Ashiana Housing Scheme, and engineering the subsequent award of the contract to Lahore Casa Developers, a proxy group of Paragon City Private Limited, resulting in a loss of Rs193 million to the exchequer.

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However, Shahbaz’s counsel Amjad Pervez has justified the cancellation of the contract saying, “Chaudhry Latif is an absconder in an anti-corruption case,” Pervez said. “In one case, Chaudhry Latif’s company is blacklisted.”

Read More: Saudi Aircraft picks Shahbaz Sharif for important meetings

Following the hearing, Shahbaz was sent back to the NAB office — where he had spent the previous night — in an armoured vehicle amid tight security.

Before the hearing, NAB prosecutor Waris Ali Janjua had told Dawn News TV that the accountability watchdog would request 15-day physical remand of the PML-N leader.

Sharif had arrived at the court in an armoured vehicle, under heavy security. The squad that escorted Shahbaz to the accountability court also included a fire engine, a rescue van and scores of security officers.

Hamza Shahbaz, the son of the detained leader, while talking to the journalist outside the court, has accused the government of “using” NAB “to take political revenge”.

Read More: Nawaz Sharif in sub-standard jail facility, alleges son

“They [government] had thought that PML-N would break. They thought that the brothers [Nawaz Sharif and Shahbaz Sharif] will be separated,” she said. “They thought, and they tried, that a forward block be formed in the party.”

Yesterday, former PM Nawaz Sharif had termed Shahbaz’s arrest as “not just regrettable, but also ridiculous” and accused the Imran Khan led Pakistan Tehreek-i-Insaf government of being responsible for “this worse kind of revenge”.

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Bangladesh president Shahabuddin accuses Yunus of conspiracy to unseat him

Bangladesh President Mohammed Shahabuddin has accused former chief adviser Muhammad Yunus of attempting to unseat him unconstitutionally and destabilise the country during the interim period.

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Days after the Tarique Rehman-led government assumed office in Bangladesh, President Mohammed Shahabuddin has levelled serious allegations against former chief adviser Muhammad Yunus, accusing him of attempting to remove him from office through unconstitutional means and destabilise Dhaka.

In an interview to a Bengali daily at Bangabhaban, the President claimed that during Yunus’s tenure, efforts were made to create a constitutional vacuum and disrupt the country’s stability.

Allegations of constitutional breach

Shahabuddin alleged that he was excluded from key state matters for nearly one and a half years. According to him, the former chief adviser did not maintain the constitutionally mandated communication with the President.

He claimed that Yunus undertook 14 to 15 foreign visits but did not brief him upon return or provide written updates, which he described as a constitutional obligation. The President also said he was not informed about major state decisions, including agreements signed with the United States ahead of elections.

Responding to questions about ordinances issued during the interim period, Shahabuddin noted that while some may have been necessary, there was little justification for promulgating as many as 133 ordinances.

‘Palace prisoner’ claim

The President further alleged that he was effectively reduced to a “palace prisoner” during the interim government. He said two of his proposed foreign visits — to Kosovo and Qatar — were blocked by the administration at the time.

He also referred to a purported attempt to replace him with a former chief justice through unconstitutional methods, claiming that the proposal was declined on constitutional grounds.

Recalling events of October 22, 2024, Shahabuddin described protests outside the presidential residence as a “terrifying night,” alleging that mobs were mobilised and attempts were made to storm the premises. He said the situation was brought under control following deployment of the military.

Support from armed forces and BNP

Shahabuddin stated that the chiefs of the three armed services assured him of their support, reiterating that he remained the supreme commander of the armed forces. He also credited the leadership of the Bangladesh Nationalist Party (BNP) for helping maintain constitutional continuity during the period of tension.

The allegations come amid political shifts in Bangladesh following the formation of the new government, adding a fresh dimension to the country’s evolving political landscape.

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India studying implications after US Supreme Court strikes down Trump’s global tariffs

India said it is studying the implications of a US Supreme Court ruling that struck down Donald Trump’s sweeping tariffs, even as a new 10% global duty has been announced under an alternate law.

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India on Saturday said it is closely examining the implications of a recent ruling by the US Supreme Court that struck down former US President Donald Trump’s sweeping global tariffs.

In its initial response, the Commerce Ministry said it has taken note of both the court’s judgement and subsequent announcements made by the US administration.

“We have noted the US Supreme Court judgement on tariffs yesterday (Friday). US President Donald Trump has also addressed a press conference in this regard,” the ministry said.

“Some steps have been announced by the US administration. We are studying all these developments for their implications,” it added.

What did the US Supreme Court rule?

On Friday, the conservative-majority court ruled 6–3 that a 1977 law relied upon by Trump to impose sudden tariffs on individual countries does not authorise the President to impose such sweeping duties.

The judgement marked a significant setback to Trump’s tariff policy, which had reshaped trade relations with several countries.

Responding to the ruling, Trump criticised members of the court, saying he was “ashamed” of certain justices and describing the verdict as disappointing.

Fresh tariffs under Section 122

Following the court’s decision, Trump announced new tariffs using Section 122 of the Trade Act of 1974. The provision allows the US President to impose temporary tariffs of up to 15 per cent for a maximum period of 150 days to address large and serious balance-of-payments deficits.

Under this route, a new 10 per cent global tariff has been imposed on imports into the United States. Trump said the revised order would be effective almost immediately.

US Treasury Secretary Scott Bessent, speaking at the Economic Club of Dallas, said the alternative mechanism would result in virtually unchanged tariff revenue in 2026.

Impact on India

Under the revised order, India faces a tariff rate of 10 per cent, reduced from the earlier 18 per cent under Trump’s broader tariff framework.

The new duty is scheduled to take effect from February 24 for a period of 150 days. Exemptions will continue for sectors subject to separate investigations, including pharmaceuticals, as well as goods entering the US under the US-Mexico-Canada Agreement framework.

India has not announced any retaliatory measures and has indicated that it is currently assessing the trade and economic implications of the US decisions.

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PM Modi meets Sri Lankan President Dissanayake at AI summit, reviews connectivity agenda

PM Modi and Sri Lankan President Anura Kumara Dissanayake reviewed connectivity, AI cooperation and regional stability during talks at the AI Impact Summit in New Delhi.

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Prime Minister Narendra Modi on Friday held talks with Sri Lankan President Anura Kumara Dissanayake on the sidelines of the AI Impact Summit in New Delhi, reviewing the progress of bilateral initiatives and reaffirming their commitment to deepening connectivity and development cooperation.

President Dissanayake was in India to attend the India-hosted AI Impact Summit. The visit marked his second trip to India since assuming office, following his State Visit in December 2024.

Focus on connectivity and development

According to the Ministry of External Affairs, the two leaders assessed developments stemming from recent high-level engagements, including Prime Minister Modi’s State Visit to Sri Lanka in April 2025. They emphasised fast-tracking cooperation across three key pillars — physical, digital and energy connectivity — which remain central to India-Sri Lanka relations.

Both sides reiterated that improved connectivity would not only enhance economic integration but also contribute to long-term stability and prosperity in the region.

AI collaboration and inclusive growth

Technology-driven development also featured prominently in the discussions. The leaders exchanged views on leveraging artificial intelligence for developmental purposes and improving service delivery.

They agreed that responsible deployment of AI can help advance inclusive growth, particularly in developing countries, and support public service systems.

India’s support during crisis

President Dissanayake expressed appreciation for India’s assistance following Cyclone Ditwah, which caused significant damage in Sri Lanka. India, acting as a First Responder, provided emergency relief supplies and supported search and rescue operations under ‘Operation Sagar Bandhu’.

The leaders also reviewed progress under India’s USD 450 million assistance package aimed at reconstruction and infrastructure restoration in Sri Lanka. The support is intended to aid long-term recovery and strengthen economic resilience.

Cultural ties and regional cooperation

Beyond economic and strategic matters, the meeting underscored the civilisational and cultural bonds between the two countries. The successful conclusion of the Exposition of the Holy Devnimori relics in Sri Lanka was welcomed as a step that further strengthened people-to-people connections.

Both leaders agreed to continue working closely to advance sustainable development, while contributing to peace and stability in the wider Indian Ocean Region.

The meeting highlighted India’s role as both a technology partner and a regional collaborator, as New Delhi and Colombo seek to build a resilient and forward-looking bilateral partnership.

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