Pak's former finance minister's property confiscated, efforts to extradite him underway

Former finance minister Ishaq Dar's property in Pakistan has been confiscated and efforts to extradite him are underway, the Supreme Court was informed on Tuesday.

"NAB has confiscated the properties," the additional attorney general told the apex court.

The development comes a day after an accountability court asked the Punjab government to confiscate three plots owned by Dar, his spouse Tabassum and son Ali Mustafa, Dawn reported.

Dar, the father-in-law of deposed former prime minister Nawaz Sharif's younger daughter, has been declared an absconder in a case pertaining to his assets. He went to London in October last year but never came back to face the trial.

"The talks are being held with the UK government for Dar's arrest," the paper quoted the additional attorney general as saying.

Following the attorney general's remarks, the case's hearing was adjourned till an unspecified date.

The case of asset beyond means was launched against Dar in September 2017 on the orders of Supreme Court after it disqualified Sharif and ordered corruption cases against him, his children Maryam Nawaz, Husain and Hasan and son-in-law (retd) Captain Muhammad Safdar.

The anti-corruption watchdog already seized all of movable and immovable assets of 67-year-old Dar located in Lahore and Islamabad.

According to the case, Dar acquired assets worth Rs 831.7 million, which was disproportionate to the known sources of his income.

The Panama Papers case is about alleged money laundering by Sharif in the 1990s when he twice served as Pakistan's prime minister to purchase assets in London.