Lahore: A special court in Lahore extended on Saturday the interim bail of Prime Minister Shehbaz Sharif and his son Punjab Chief Minister Hamza Shehbaz until June 4 in the hearing of a Rs16 billion money laundering case against them.

According to details, a special court conducted a hearing of a money laundering case against Prime Minister Shehbaz Sharif and Chief Minister Punjab Hamza Shehbaz.

Prime Minister Shehbaz Sharif and Hamza Shehbaz were present in the courtroom during the hearing.

Judge Ijaz Hassan Awan expressed resentment over the FIA's investigation officer’s report about arrest warrants of absconding accused Salman Shehbaz, Malik Maqsood and Tahir Naqvi.

The judge remarked that a report was submitted an year ago about sending notices to the accused to their addresses. Now, the report said that accused were not found at their concerned address. “Which of the reports to be believed”, he questioned.

Shehbaz Sharif’s counsel Amjad Pervaiz argued that the facts are wrong in the challan. The cases were made by using government machinery, the prosecution was aware that these could not be proved in the court, the counsel said.

The court allowed PM Shehbaz Sharif and Hamza Shehbaz to leave.

The counsel also argued over a plea for a permanent exemption to Prime Minister Shehbaz Sharif in the case.

Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast.

"The Revolutionary Guards Navy today seized two Greek tankers for violations in Gulf waters," said a Guards statement, quoted by Iranian state news agency IRNA. It gave no further details and did not say what the alleged violations were.

Greece's foreign ministry said an Iranian navy helicopter landed on Greek flagged vessel Delta Poseidon, which was sailing in international waters, 22 nautical miles from the Iranian shore, and took the crew hostage, among them two Greek citizens.

It said a similar incident took place on another Greek-flagged vessel near Iran, without naming the ship, adding both actions violated international law and Greece had informed its allies, as well as complained to Iran's ambassador in Athens.

Greece-based Delta Tankers, which operates the Delta Poseidon, could not be immediately reached for comment.

Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to European Union sanctions.

The United States later confiscated the Iranian oil cargo held onboard and plans to send it to the United States on another vessel, Reuters reported on Thursday.

The Pegas was later released, but the seizure inflamed tensions at a delicate time, with Iran and world powers seeking to revive a nuclear deal that Washington abandoned under former President Donald Trump in favour of returning sanctions on Iran.

Earlier on Friday, Nour News, which is affiliated to an Iranian state security body, said on Twitter: "Following the seizure of an Iranian tanker by the Greek government and the transfer of its oil to the Americans, #Iran has decided to take punitive action against #Greece."

It did not say what kind of action Iran would take.

The Pegas was among five vessels designated by Washington on Feb. 22 - two days before Russia's invasion of Ukraine - for sanctions against Promsvyazbank, a bank viewed as critical to Russia's defence sector.

It was unclear whether the cargo was impounded because it was Iranian oil or due to the sanctions on the tanker over its Russian links. Iran and Russia face separate U.S. sanctions.

NUCLEAR TALKS

A maritime security source said the other tanker seized on Friday was the Greek-flagged Prudent Warrior. Its operator, Greece-based shipping firm Polembros, told Reuters there had been "an incident" with one of its ships, without elaborating, adding it was "making every effort to resolve the issue."

U.S. advocacy group United Against Nuclear Iran (UANI), which monitors Iran-related tanker traffic through ship and satellite tracking, said Prudent Warrior was carrying a cargo of Qatari and Iraqi oil, while the Delta Poseidon was loaded with Iraqi oil.

Each vessel was carrying approximately one million barrels, it said.

"This should have direct implications on the JCPOA (Iran nuclear) negotiations and further stalling any chances of reviving a deal," Claire Jungman, chief of staff at UANI, told Reuters.

A spokesperson with the U.S. Fifth Fleet in Bahrain said it was aware of the reported seizures and was looking into them.

Also on Friday, Iran summoned an envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the Pegas oil seizure, the Iranian foreign ministry said.

"The Islamic Republic expressed its deep concern over the U.S. government's continued violation of international laws and international maritime conventions," state media quoted the foreign ministry as saying.

A spokesperson for the U.S. Department of Justice declined to comment on the oil seizure.

IRNA quoted Iran's Ports and Maritime Organization as saying the tanker had sought refuge along the Greek coast after experiencing technical problems and poor weather. It called the seizure of its cargo was "a clear example of piracy".

SOURCE: REUTERS

The United States on Wednesday imposed sanctions on what it described as a Russian-backed oil smuggling and money laundering network for Iran's Revolutionary Guards' Quds Force.

In 2019, Iran seized a British tanker near the Strait of Hormuz for alleged marine violations two weeks after British forces detained an Iranian tanker near Gibraltar, accusing it of shipping oil to Syria in violation of European Union sanctions. Both vessels were later released.

Islamabad: Pakistan is committed to the promotion of an environment of peace and stability in South Asia while preserving its capability to ward off aggression or adventurism in any form.

In a press release in connection with Youm-e-Takbeer being observed on Saturday, Foreign Office Spokesperson Asim Iftikhar said the tests conducted in 1998 not only demonstrated the resolve of the Pakistani nation to safeguard the country's territorial integrity, independence, and sovereignty, but also the desire to preserve strategic balance in South Asia.

He said we are partners in international efforts to strengthen the global non-proliferation regime based on the principles of non-discrimination and equal security for all states.

The spokesperson said Pakistan adheres to the latest international standards on export controls and maintains the highest standards of nuclear safety and security.

He also paid tributes to its scientists, engineers and technicians in ensuring Pakistan's security saying that the nation also deeply appreciates the contributions of Pakistan's nuclear programme to the country's socio-economic development.