Non-bailable arrest warrants issued for Ishaq Dar

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The accountability court hearing graft references against Finance Minister Ishaq Dar issued non-bailable warrants after the minister failed to appear for the court hearing on Tuesday.

The warrant comes at an awkward time for Pakistan, which wants to raise in excess of $1 billion on global debt markets through a Sukuk and a Eurobond in coming months and has been trying to woo worldwide investors.

It is worth mentioning here that the accountability court had turned down Ishaq Dar's plea to get exemption from appearance on medical grounds during the previous hearing.

They said in the meeting held in Lahore last Monday morning, the issue of the finance minister's replacement and others relating to the party's strategy to deal with the accountability court cases also came under discussion.

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AC Judge Muhammad Bashir took up the case for hearing regarding declaring the sons of former prime minister Muhammad Nawaz Sharif as proclaimed offenders.

The hearing was then adjourned until November 21. He was indicted by the anti-corruption court in a graft reference in September on order of the Supreme Court in the Panama Papers Case verdict related to ex-Prime Minister Nawaz Sharif and his family's concealed offshore assets and companies.

Sources in the party said Prime Minister Abbasi, during his recent visit to London, had advised Ishaq Dar to step down as the minister, but he refused to do so. Both men deny any wrongdoing.

Dar was initially lauded for steering Pakistan out of a balance of payments crisis in 2013 and returning the nuclear-armed country towards a higher growth trajectory.