Close Menu
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
  • Home
  • Bitcoin
  • Business
  • Crypto
  • Economy
  • Finance
  • Invest
  • Market
  • Money
  • News
  • Sports
What's Hot

Fenerbahce part ways with Mourinho after Champions League playoff defeat – Sport

August 30, 2025

India submits bid to host 2030 Commonwealth Games – Sport

August 30, 2025

We’re still here: Afghan women refugees find freedom, voice through football – Sport

August 30, 2025
Facebook X (Twitter) Instagram
Trending
  • Fenerbahce part ways with Mourinho after Champions League playoff defeat – Sport
  • India submits bid to host 2030 Commonwealth Games – Sport
  • We’re still here: Afghan women refugees find freedom, voice through football – Sport
  • Salman, Haris star as Pakistan beat Afghanistan in tri-series opener – Sport
  • Tears flow and records fall as injury woes rock US Open – Sport
  • The Forbes Best Buy Fund Finder
  • Five Ways To Avoid The Five Hottest Stocks
  • Why AI Stocks Are Giving Some Investors Dotcom Bubble Déjà Vu
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & BusinessFlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
Saturday, August 30
  • Home
  • Bitcoin
  • Business
  • Crypto
  • Economy
  • Finance
  • Invest
  • Market
  • Money
  • News
  • Sports
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
Home » Pakistan Weightlifting Federation’s bank account blocked over lack of transparency – Sport

Pakistan Weightlifting Federation’s bank account blocked over lack of transparency – Sport

adminBy adminAugust 25, 2025 Sports No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


ISLAMABAD: The National Bank of Pakistan (NBP), on a request of the Pakistan Sports Board (PSB), has blocked the bank account of the suspended Pakistan Weightlifting Federation (PWLF).

“The action is in line with the agenda of PSB director general Yasir Pirzada [which is] to ensure transparency, accountability and good governance in all sports organisations across Pakistan,” a PSB spokesman said in a press statement issued on Sunday.

The PSB emphasised that no body which fails to meet constitutional and legal requirements will be allowed to operate under the country’s banner.

“The step was taken after the PSB informed NBP that the PWLF, which stands suspended by the PSB, is not incorporated under Section 42 of the Companies Act 2017, and is operating in violation of [the] national laws and regulations. Moreover, the PWLF has failed to comply with the constitution of the International Weightlifting Federation (IWF), which requires a national body to be a separate and legally incorporated entity,” added the PSB release.

The PSB further stated that the PWLF was suspended during the 25th PSB Board meeting held on July 6, 2022, based on the report of a delegate appointed pursuant to a judgment of the Lahore High Court. The suspension was imposed due to alleged irregularities in its functioning, corrupt practices and violations of the anti-doping code. A detailed inquiry regarding the wrongdoings allegedly committed by the suspended PWLF office-bearers is still ongoing.

Furthermore, according to an International Testing Agency (ITA) report, dated March 10, 2025, it was confirmed that PWLF’s top officials committed Anti-Doping Rule Violations (ADRVs).

The PSB pointed out that only the sports organisations recognised or affiliated with the PSB and incorporated under Section 42 of the Companies Act 2017 are entitled to regulate a sport in Pakistan, use the country’s name, or represent Pakistan internationally.

Since the PWLF did not fulfill these legal and regulatory requirements, the PSB formally requested the NBP to suspend its bank account (account No. 2200026441 at Samanabad Branch, Lahore, now shifted to Allama Iqbal Town, Lahore). Following the PSB’s request, an email from NBP’s operations manager confirmed that the account has been debit blocked with immediate effect.

Published in Dawn, August 25th, 2025



Source link

admin
  • Website

Keep Reading

Fenerbahce part ways with Mourinho after Champions League playoff defeat – Sport

India submits bid to host 2030 Commonwealth Games – Sport

We’re still here: Afghan women refugees find freedom, voice through football – Sport

Salman, Haris star as Pakistan beat Afghanistan in tri-series opener – Sport

Tears flow and records fall as injury woes rock US Open – Sport

Agha, Rauf star as Pakistan down Afghanistan in tri-series opener – Sport

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

The Fed just gave a rare look at its $2.5 billion renovation — right before Trump’s tour

July 24, 2025

3 key looming Trump decisions will shape the future of the economy

July 24, 2025

Orange juice importer sues Trump, says Brazil tariffs will mean higher prices for consumers

July 22, 2025

FAQ: Here’s what would happen if Trump actually tries to fire Powell

July 22, 2025
Latest Posts

Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital

May 12, 2025

Eric Trump-backed American Bitcoin to go public through all-stock merger

May 12, 2025

4 Ways To Create a Passive Income Stream With Crypto

May 12, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Flash Buzz News, your go-to source for the latest updates on sports, money, economy, investing, and business. We are dedicated to delivering timely, accurate, and insightful news to keep you informed in today’s fast-paced world.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 flashbuzznews. Designed by flashbuzznews.

Type above and press Enter to search. Press Esc to cancel.