National Accountability Bureau
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National Accountability Bureau
The National Accountability Bureau ( ur, ; abbreviated NAB) is an autonomous and constitutionally established federal institution responsible to build efforts against corruption and prepare critical national economic intelligence assessments against economic terrorism for the Government of Pakistan. It is headed by Aftab Sultan as its chairman. The NAB is empowered to undertake any necessary prevention and awareness, in all means, in addition to enforce its operations against economic terrorism and financial crimes. Since it was established by Pervez Musharraf on 16 November 1999, its sphere of operations has been expanded and extended. The constitution grants power to launch investigations, conduct inquiries, and issues arrest warrants against individuals suspected of financial mismanagement, economic terrorism, corruption (all in private-sector, state-sector, defence-sector, and corporate-sector), and directs cases to the accountability courts. Established by Ordina ...
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Constitution Of Pakistan
The Constitution of Pakistan ( ur, ), also known as the 1973 Constitution, is the supreme law of Pakistan. Drafted by the government of Zulfikar Ali Bhutto, with additional assistance from the country's Pakistani political parties, opposition parties, it was approved by the Parliament of Pakistan, Parliament on 10 April and ratified on 14 August 1973. The Constitution is intended to guide Pakistan's law, political culture, and system. It sets out the state's outline, the fundamental rights of the population, the state's law and orders, and also the structure and establishment of the institutions and the armed forces. The first three chapters establish the rules, mandate, and Separation of powers, separate powers of the three branches of the government: a Bicameralism, bicameral legislature; an executive branch governed by the Prime Minister of Pakistan, Prime Minister as chief executive; and an apex federal judiciary headed by Supreme Court of Pakistan, Supreme Court. The Const ...
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Administrative Units Of Pakistan
The administrative units of Pakistan comprise four provinces, one federal territory, and two disputed territories: the provinces of Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan; the Islamabad Capital Territory; and the administrative territories of Azad Jammu and Kashmir and Gilgit–Baltistan. As part of the Kashmir conflict with neighbouring India, Pakistan has also claimed sovereignty over the Indian-controlled territories of Jammu and Kashmir and Ladakh since the First Kashmir War of 1947–1948, but has never exercised administrative authority over either region. All of Pakistan's provinces and territories are subdivided into divisions, which are further subdivided into districts, and then tehsils, which are again further subdivided into union councils. History of Pakistan Early history Pakistan inherited the territory comprising its current provinces from the British Raj following the Partition of India on 14 August 1947. Two days after independence, t ...
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Javed Iqbal (judge, Born 1946)
Javed Iqbal (); (born 1 August 1946) is the retired chairman of the National Accountability Bureau (NAB) of Pakistan, in office from 11 October 2017 to 3 June 2022. He is also a retired Senior Justice of the Supreme Court of Pakistan. Harassment allegation have been made against him by some accused criminals that he prosecuted during his tenure, but no court action taken or evidence has been produced so far to prove the allegations. A jurist and professor of law in Pakistan by profession, he served as the Senior Justice of the Supreme Court of Pakistan from 2004 until his retirement in 2011. Prior to the appointment at the Supreme Court, Justice Iqbal shortly tenured as the Chief Justice of the Balochistan High Court which lasted only a month. During his career as jurist, he has heard and led high-profile cases, including the case of the suspension of Iftikhar Muhammad Chaudhry, a fellow chief justice, and the trial of missing persons in 2012. His credentials led to the ...
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Qamar Zaman Chaudhry
Chaudhry Qamar Zaman is a retired Pakistani bureaucrat who served in BPS-22 grade as the Interior Secretary of Pakistan and ex-Chairman National Accountability Bureau (NAB). Chairman NAB NAB, the country’s top anti-graft watchdog, had almost become dysfunctional after the Supreme Court of Pakistan dismissed the then NAB chairman Fasih Bokhari through its 28 May 2013 judgment. Qamar Zaman has held several key positions in his career. Qamar Zaman was criticized in the local media after Supreme Court ordered an investigation of Qamar for his alleged involvement in a major corruption scandal. However, an internal inquiry carried out by his own agency did not lead to any formal charges against him in a court of law.Qamar resumes NAB chairman office
The Nation (newspaper), Published 27 December 2013, Retrieved 4 J ...
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Fasih Bokhari
Admiral Fasih Bokhari (; 8 March 1942 – 24 November 2020) was a Pakistani admiral who served as the Chief of Naval Staff from 1997 to 1999. He was a well-known pacifist and a prominent political figure as the Chief of Naval Staff from 1997 until his voluntary resignation in 1999, which stemmed from his staunch opposition to the then- Pakistani President Pervez Musharraf's instigation of the Kargil War with India, a conflict that Bokhari reportedly saw as an act of inappropriate and uncoordinated aggression from Pakistan and one that subsequently led him into a bitter dispute with Musharraf. Bokhari also served as the chairman of the National Accountability Bureau, a Pakistani anti-corruption agency. In 1999, Bokhari publicly disagreed and revolted against the decision of then-Prime Minister Nawaz Sharif to extend Pervez Musharraf's tenure as the Chairman of the Joint Chiefs of Staff Committee preceding the latter's supersession as the Chief of Army Staff. He is notable fo ...
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Shahid Aziz
Shahid Aziz ( ur, ) is a Pakistani military author and a public official who served as the Chairman of National Accountability Bureau (NAB) from 2004–07, and university administrator of the Federal Urdu University in 2014–16. Aziz, a soldier who was trained in the United States in infantry tactics, saw military actions in war theater with India in 1999 through 2001. After retiring from the military, Aziz was the chairman of the National Accountability Bureau but was forced to resigned amid controversy. Military career Aziz graduated from the Pakistan Military Academy in April 1971 as the Battalion Senior Under Officer and received the Sword of Honour as well as the Presidents Gold Medal for his performance. He was commissioned in the 10 Battalion of the Baloch Regiment with which he actively participated in the 1971 India-Pakistan War and later on also commanded. He attended the Company Commander Course at Fort Benning, Georgia (USA) and the Command and General Staff Cours ...
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Mohammad Zakaullah
Admiral Muhammad Zakaullah (Urdu: محمد ذكاءالله ; born 10 January 1958) is a retired admiral in the Pakistan Navy, who was the 15th Chief of Naval Staff of the Pakistan Navy. He was later replaced by Admiral Zafar Mahmood Abbasi. He is noted for his sportsmanship, having represented Pakistan at the Olympics for a sailing class category, for which he is a recipient of a national honor. As naval chief, Admiral Zakaullah is noted for revolutionizing the role of the navy, emphasizing the role of the navy in economic corridor with China and took initiatives to strengthened ties with the Turkish Navy. He also played an active role in establishing the very low frequency facility to provide communications with the submarines as well as ensuring the second-strike capability by commissioning the cruise missile system in the strategic command of the Navy. Biography Early life and career in Navy Muhammad Zakaullah was born in Lyalpur (now Faisalabad) in Punjab, Pak ...
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London Court Of International Arbitration
The London Court of International Arbitration is a British private company limited by guarantee with a head office in London. It offers dispute resolution through arbitration and mediation. History The City of London Chamber of Arbitration was established in 1892, not long after the Arbitration Act of 1889 became law. It consisted of members of the City of London Corporation and the London Chamber of Commerce & Industry, and had its seat at the Guildhall in London. The ''Law Quarterly Review'' said of it at the time: "it is to be expeditious where the law is slow". The name was changed to "London Court of Arbitration" in 1903, and to the present name in 1981. It was incorporated as a private company limited by guarantee In British, Australian, Bermudian, Hong Kong and Irish company law (and previously New Zealand), a company limited by guarantee (CLG) is a type of corporation used primarily (but not exclusively) for non-profit organisations that require legal pe ... in 19 ...
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Broadsheet Case
The Broadsheet case, officially known as the "Broadsheet vs Islamic Republic of Pakistan and NAB" case, is an ongoing legal case related to the non-payment of service fees to asset recovery company 'Broadsheet LLC' by the Government of Pakistan. Background On 20 July 2000, on the orders of the Attorney General's Office and the then President General Pervez Musharraf, the National Accountability Bureau (NAB) of Pakistan hired two asset recovery companies, namely the Isle of Man registered Broadsheet LLC and UK based International Asset Recovery (IAR), to investigate and track the illegally accumulated wealth of Pakistani politicians and other influential figures including the former Prime Minister of Pakistan Nawaz Sharif. As per the agreement signed, the asset recovery companies would get 20% of the value of the assets thus recovered as service fees. Arbitration case and case history In 2003, the NAB terminated the agreement with Broadsheet, after making settlements with Nawaz Sha ...
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White-collar Crime
The term "white-collar crime" refers to financially motivated, nonviolent or non-directly violent crime committed by individuals, businesses and government professionals. It was first defined by the sociologist Edwin Sutherland in 1939 as "a crime committed by a person of respectability and high social status in the course of their occupation". Typical white-collar crimes could include wage theft, fraud, bribery, Ponzi schemes, insider trading, labor racketeering, embezzlement, cybercrime, copyright infringement, money laundering, identity theft, and forgery. White-collar crime overlaps with corporate crime. Definitional issues Modern criminology generally prefers to classify the type of crime and the topic: *By the type of offense, e.g., property crime, economic crime, and other corporate crimes like environmental and health and safety law violations. Some crime is only possible because of the identity of the offender, e.g., transnational money laundering requires the par ...
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US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ...
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1,000,000,000
1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. With a number, "billion" can be abbreviated as b, bil or bn. In standard form, it is written as 1 × 109. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an ''eon'' in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is no longer common, and the word has been used to mean one thousand million (1,000,000,000) for several decades. The term ''milliard'' can also be used to refer to 1,000,000,000; whereas "milliard" is rarely used in English, variations on this name often appear in other languages. In the South Asian numbering system, it is known as 100 crore or 1 arab. 1,000,000,000 is also the cube of 1000 ...
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