The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
The ATC was to initially announce its verdict against the JuD chief on February 8, reports The Express Tribune.
A two-member bench headed by Justice Qasim Khan will now hear the case on February 18.
Saeed is nominated in about 29 cases pertaining to terror financing, money laundering as well as illegal land grabbing. The verdict was reserved against him in two cases on February 6, Dawn news said in a report.
On February 8, the ATC delayed announcing its verdict in the terror financing cases and had decided to hear arguments on February 11 (Tuesday) on the application to hear all cases first before announcing the verdict.
The terror financing cases were filed by the Counter-Terrorism Department's (CTD) Lahore and Gujranwala chapters. The case filed by CTD's Gujranwala chapter was initially being heard in a Gujranwala ATC but was shifted to Lahore on the directions of the Lahore High Court.
During the trial of both cases, the court recorded the statements of 23 witnesses.
The JuD chief was arrested by CTD in July last year, while he was travelling from Lahore to Gujranwala.
Prior to his arrest, 23 first information reports had been registered against JuD leaders at CTD police stations of Lahore, Gujranwala, Multan, Faisalabad and Sargodha in July 2019.
According to the CTD, JuD was financing terrorism from the massive funds collected through non-profit organisations and trusts, Dawn news reported.
These non-profit organisations were banned in April last year as the CTD, during detailed investigations, found that they had links with the JuD and its top leadership.
The crackdown on JuD last year followed a warning by Paris-based Financial Action Task Force to Pakistan to deliver on its commitments to curb terror financing and money laundering.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
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