The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019
The 17- judge bench headed by Chief Justice Iftikhar Chaudhry ruled that the government failed to advance any legal case for the review.
The initial verdict was delivered on December 16, 2009, but the government was reluctant to implement it while maintaining that the president enjoyed immunity from court proceedings at home and abroad.
Justice Chaudhry during arguments observed that the court merely wanted to recover looted money rather than targeting any individual.
The government used dilatory tactics and changed several counsel. This week when the court resumed the hearing it allowed former law minister Babar Awan to submit arguments for the review. Awan was asked to conclude his arguments on Friday but did not appear inviting strong strictures from the court.
The judges felt intrigued that the government was defending a legislation enforced by a military ruler to pardon corruption cases of politicians and bureaucrats.
The Muttahida Qaumi Movement (MQM) emerged the main beneficiary when thousands of its activists were freed under the NRO who were facing charges of committing heinous crimes including murder, kidnapping, extortion and violence.
The chief justice observed that the NRO was required by military ruler Pervez Musharraf to legitimise his re-election in 2007 from assemblies that had exhausted their mandate.
The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019
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It will be important to watch if the central bank nudges the South Asian currency higher as a slight downward bias is likely to persist in the market, says expert