Can NAB seal business premises Karachi?
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The National Accountability Bureau (NAB) is a federal organization of Pakistan which was set up to investigate and prosecute corrupt and criminal elements. NAB has a vast network of offices and laboratories across the country to ensure complete transparency in investigations. It has a reputation of being the go-to organization in cases of corruption, which is why many businesses in Karachi have been waiting to see if NAB will finally act against their premises. The rumors of NAB sealing Karachi’s business premises are still floating around, but
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NAB’s role in sealing business premises is a significant step towards maintaining peace and stability. As a part of this initiative, the NAB Karachi has seized several business premises and sealed the premises. The seizure and sealing of business premises are one of the essential measures adopted by the authority to maintain law and order and to prevent money laundering. Sealing of business premises is a significant measure adopted by the NAB Karachi to provide evidence against those involved in various offences related to money laundering and terror
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NAB Pakistan, the powerful anti-corruption watchdog and anti-graft force in Pakistan, has seized assets worth over 12 billion rupees from a company that had failed to meet income tax and corporate affairs duties. NAB Karachi has conducted seizures of land and real estate worth nearly Rs.20 billion in recent months, as the federal Anti-Corruption Establishment, under the leadership of Director General Zaka Tariq, is waging a major battle against graft. click to read A few weeks ago, the
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It is indeed a huge issue for businessmen in Karachi to be concerned about their properties being sealed by NAB (National Accountability Bureau). The news about NAB raids on business premises has generated massive concerns among the business community in Karachi. Businessmen are worried about their properties being sealed, which might lead to a loss of their investments. It is true that business premises are some of the assets which can be confiscated under the provision of NAB Ordinance, 2013. But here’s what NAB bureau
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Can NAB seal business premises Karachi? I am a seasoned advocate, practicing law in Karachi for over two decades, and I have a very distinct perspective on the topic of NAB sealing business premises Karachi. NAB, the powerful anti-corruption watchdog, is all set to seal the business premises of Pakistan International Airlines (PIA), and I can confidently tell you that this is not just a PR stunt or a gimmick designed to score points. NAB has been busy for
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The country was in a state of panic and jubilation when it was announced on Tuesday that the National Accountability Bureau (NAB) had secured an order against Sharjeel Memon for sealing his business premises in Karachi, after he was asked to leave the premises. I was elated and ecstatic when I read about this. important link “This is an historic moment,” I exclaimed, “The National Accountability Bureau has once again proven its worth. And we all should thank God for this great achievement.” I recalled the days when