Islamabad: Special Assistant to Pakistan PM, Accountability, Shahzad Akbar, has accused the family of former premier Nawaz Sharif of making laws in the 1990s to help them launder ill-gotten wealth. Sharing details of alleged telegraphic transfer of Rs 17 million to Sharif’s daughter Maryam Nawaz, Akbar said the family built an empire through corruption. Akbar said everything worked in favour of the Sharif family till their names came up in the Panama Papers in 2016. He said the transaction of Rs 17 million in Maryam’s account was made in 2008, indicating that the family was still using flexible laws to bring money in Pakistan and also send abroad. PTI
Trump signs two-year budget deal to boost spending
Washington: US President Donald Trump on Friday signed the “Bipartisan Budget Act of 2019,” which boosts discretionary spending limits and suspends the public debt limit for the next two years. The budget deal, reached between the President and congressional leaders earlier, was passed 67-28 in the US Senate on Thursday, and was approved by the House by 284-149 last week. The deal suspends the federal debt ceiling until July 31, 2021, and raise overall spending levels by $320 billion above the limits set in the Budget Control Act of 2011, which established strict spending caps and stipulated automatic across-the-board spending cuts. IANS
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