Nawaz Sharif Current Affairs
Pakistan’s Petroleum Minister Shahid Khaqan Abbasi was elected the 18th Prime Minister of Pakistan by the National Assembly. Abbasi, nominee of ruling Pakistan Muslim League (N) secured 221 votes in the House of 342.
Abbasi succeeds Nawaz Sharif who was disqualified by the Supreme Court over the Panama Papers scandal. He will be interim PM of Pakistan. He will vacate the position for Nawaz Sharif’s brother Shahbaz Sharif, Punjab Chief Minister gets elected to the National Assembly.
About Shahid Khaqan Abbasi
He was born 27 December 1958 in Karachi, Sindh and comes from a military family. Prior to entering politics, he was an electrical engineer and businessman owning Pakistan’s most successful private airline Airblue. He had started his political career after the death of his father in 1988, and since then he has been an elected Member of the National Assembly six times from Rawalpindi District.
He is member of the Pakistan Muslim League (N) (PML-N) in the National Assembly. He had served as the Minister of Petroleum and Natural Resources (2013 to 2017) in the third Nawaz Sharif Government. He had briefly held the cabinet portfolio of Minister for Commerce in the Gillani Government in 2008. He also had served as Chairman of Pakistan International Airlines (1997 to 1999) during the second Sharif Government.
Pakistan Prime Minister Nawaz Sharif has resigned from his post after the Supreme Court disqualified him in the Panama Papers case. This is the third time Nawaz Sharif has been unable to complete his term in the chief executive’s office.
In a landmark judgment, a five Judge bench of Pakistan Supreme Court unanimously ruled to register a case against Nawaz Sharif and his family guilty of money laundering.
Pakistan SC Ruling
Prime Minister had been dishonest to Parliament and the courts, in not disclosing his employment in a Dubai-based company in his 2013 nomination papers, and thus, could not be deemed fit for his office.
It ordered the National Accountability Bureau (NAB) to file a reference in an accountability court in six weeks and the case must be completed within six months. It also directed the Election Commission of Pakistan to issue a notification declaring the Prime Minister’s disqualification.
Pakistan Prime Minister Nawaz Sharif, his daughter and two sons were engulfed by corruption charges as pointed in Panama Paper leaks. The scandal had revealed that Nawaz Sharif’s sons, Hassan Nawaz and Hussain Nawaz and his daughter Maryam Nawaz owned offshore companies illegally which managed their family’s properties.
Panama Paper leaks
The Panama Papers are an unprecedented leak of 11.5 million files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca based in Panama. The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ).
The documents had leaked the myriad ways in which the rich can exploit secretive offshore tax regimes. The leaks disclosed 12 national leaders among 143 politicians, their families and close associates from around the world known using these offshore tax havens.
No democratically-elected Prime Minister of Pakistan has managed to complete a full term in office in the nation’s 70-year history. Only one Pakistani government has completed its full term, but it had two prime ministers. Besides, Pakistan also has witnessed three successful coups and spent more than half of its time under military rule.