NAB approves another reference against Asif Zardari

Published
15
Former president Zardari is already in NAB's custody on physical remand. — AFP/File
Former president Zardari is already in NAB's custody on physical remand. — AFP/File

The National Accountability Bureau's (NAB) executive board on Wednesday approved the filing of another corruption reference against former president Asif Ali Zardari and others.

According to the accountability watchdog, Zardari and other accused face charges of corruption through fake bank accounts and embezzlement in the financial facility for Park Lane Private Limited and Parthenon (Pvt) Limited.

NAB alleged that the national exchequer suffered a loss of Rs3.77 billion because of the irregularities.

Read more: Zardari’s role in eight out of 36 cases established, claims NAB

The NAB executive board in today's meeting also approved references against PPP's Senator Usman Saifullah and his family members, former director general of the Sindh Building Control Authority Manzoor Qadir, Peshawar Development Authority Chief Security Officer Syed Khalid Amin Shah and others.

Former president Zardari is already in NAB's custody on physical remand. The accountability watchdog had arrested him in June after the cancellation of his pre-arrest bail by the Islamabad High Court in the fake bank accounts case.

A day after his arrest in the fake accounts reference on June 10, accountability court judge Mohammad Arshad Malik had granted NAB physical remand of the former president.

Opinion

Editorial

Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...
Climate challenges
Updated 13 Nov, 2026

Climate challenges

Pakistan cannot afford to confront its climate crises one disaster, one season and one international summit at a time.
Under fire
Updated 13 Nov, 2026

Under fire

KP police are increasingly vulnerable as they play a frontline role in ongoing operations against terrorists.
Used car imports
13 Nov, 2026

Used car imports

THE government’s effort to restrict used car imports appears to be faltering. So suggest the numbers. Despite...