The stay against the auction of Ishaq Dar properties has been revoked

The stay against the auction of Ishaq Dar’s properties has been revoked. Islamabad’s High Court (IHC) threw out an appeal by the wife of former Finance Minister Ishaq Dar against the auction of his house.

Tabassum Ishaq Dar’s appeal was quickly rejected by a division bench of two judges, Justice Mohsin Akhtar Kayani and Justice Saman Rafat Imtiaz. They also cancelled a stay order put in place to stop the auction of Mr Dar’s properties.

She said her husband gave her a house in Gulberg, Lahore, for her dower money on February 14, 1989. She was trying to stop the confiscation of the house. NAB mistakenly thought Mr Dar owned the property because Ms Dar had accepted the gift and was living there, she said.

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She asked the court to overturn the order to sell the property at auction.

An accountability court judge named Mohammad Bashir did this on Oct. 2, 2018. He put Mr Dar’s property in charge of the Punjab government. On November 7, last year, the accountability court gave the provincial government permission to sell the house. It means that the house can now be sold off. Rs508.31 million had been seized and given to the provincial government.

The NAB took all of Dar’s assets after he was charged with fraud in the accountability court in September 2017. Gulberg III, Lahore: A house, three plots in Al-Falah Housing Society, and six acres of land in Islamabad. A property in the Parliamentarians Enclave, Islamabad; a two-Kanal plot in the Senate Cooperative Housing Society, Islamabad; two Kanal plots and nine-marla plots in Islamabad.

Mr Dar had assets worth Rs831.7 million in his name or the names of his relatives, the bureau said. This is a lot more than he was thought to be making.

Stay against Ishaq Dar property auction.

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