Pakistan's former prime minister Imran Khan speaks to media after appearing before the Anti-Terrorism Court in Islamabad. AFP
Pakistan's former prime minister Imran Khan speaks to media after appearing before the Anti-Terrorism Court in Islamabad. AFP
Pakistan's former prime minister Imran Khan speaks to media after appearing before the Anti-Terrorism Court in Islamabad. AFP
Pakistan's former prime minister Imran Khan speaks to media after appearing before the Anti-Terrorism Court in Islamabad. AFP

Imran Khan terror charges quashed by Pakistan court


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A Pakistan high court on Monday quashed terrorism charges against ex-prime minister Imran Khan, his defence lawyers said, a relief for the former cricket star who has faced a spate of legal woes since being ousted from office.

The court said Mr Khan's alleged offence didn't attract terrorism charges, said Faisal Chaudhry, one of his lawyers.

The charges are related to a speech by Mr Khan in which he allegedly threatened police and judicial officers after one of his close aides was denied bail in a sedition case.

“The case against Imran Khan, however, will remain intact. That will now be tried in an ordinary court, instead of an anti-terrorism court,” Mr Chaudhry said.

“This is actually an order to quash the charges,” another of his lawyers, Babar Awan, said. “It only proves that these are trumped up charges, and just a tool for political victimisation.”

Islamabad police brought the charges against Mr Khan in August after his public remarks that he would not spare the police and a judicial officer who had denied bail to his aide.

Mr Khan subsequently explained that his remarks were not meant to be a threat.

The former premier has faced several cases since his ousting in April after a vote of confidence won by opposition parties in an effort led by his successor, prime minister Shehbaz Sharif.

One of the cases is at a crucial stage in the high court, which is slated to indict Mr Khan on September 22 in a contempt of court case for threatening the judicial officer. If convicted, he could face disqualification from politics for at least five years.

Another case involves foreign funding for his Pakistan Tehreek-e-Insaf party that an election tribunal found unlawful.

Mr Khan, who came to power in a 2018 election allegedly on the back of support from Pakistan's military, had fallen out of favour with the powerful generals. Both the military and Mr Khan deny he came to power with the military's support.

Since his ousting he has held nationwide rallies to demand snap polls, but the ruling coalition has refused it, saying the election will be held as scheduled by the end of 2023.

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Man of the Match: Breel Embolo (Borussia Monchengladbach)

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

If you go

The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes.


The car
Hertz offers compact car rental from about $300 (Dh1,100) per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.


The national park
Entry to Mount Rainier National Park costs $30 for one vehicle and passengers for up to seven days. Accommodation can be booked through mtrainierguestservices.com. Prices vary according to season. Rooms at the Holiday Inn Yakima cost from $125 per night, excluding breakfast.

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Updated: September 19, 2022, 1:40 PM