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All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

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Pakistan: NAB to investigate allegations against Musharraf for holding assets beyond means

The National Accountability Bureau's (NAB) Executive Board today decided to investigate allegations against former President Pervez Musharraf for holding assets beyond means. According to Dawn NewsTV, the NAB Executive Board will also investigate the retired general for wrongful use of power.

The NAB Chairman, retired Justice Javed Iqbal, also ordered investigations against various current and former officials, including Pakistan Muslim League-Quaid leader Chaudhry Moonis Elahi, for owning an offshore company and the President of Bank of Punjab, for having assets beyond means.

On February 9th, the Islamabad High Court had redefined NAB's powers, allowing the bureau to investigate ex-military men, especially retired generals, and directed it to investigate Musharraf for his alleged corruption while holding his office.

The February judgement cleared a 19-year-old ambiguity in the National Accountability Ordinance due to which NAB had always shown reluctance in proceeding against retired army officers despite complaints of corruption against them.


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