Death sentences handed down in Pakistan ‘honour killing’ case



LAHORE // Four men were sentenced to death in Pakistan for bludgeoning a pregnant woman to death in the country’s second-largest city because she married against her family’s wishes.

A mob of more than two dozen attackers, among them relatives including the victim’s father and brother, battered Farzana Parveen to death with bricks outside the high court in the eastern city of Lahore in May.

So-called “honour” killings are commonplace in Pakistan but the brutal and brazen nature of the attack on Parveen, 25, made headlines around the world.

“The court today awarded death sentences to four accused –– the father, brother, cousin and ex-husband of the victim –– for murder and terrorism,” prosecutor Rai Asif Mehmood said.

Mr Mehmood said the sentences were handed down for three counts –– murder, terrorism and the killing of an unborn baby. Each defendant was also fined 100,000 rupees (Dh3,600).

The fifth accused in the case, a cousin of Parveen, was sentenced to 13 years’ imprisonment, Mehmood said.

Though Pakistan has the death penalty for several crimes, there has been a de facto moratorium on civilian executions since 2008.

Defence lawyer Mansoor Rehman Afridi said his clients would appeal.

“My clients will appeal against their sentences as we believe that the case had been politicised and the media coverage mounted pressure on us,” Mr Afridi said.

The killing sparked outrage, with Pakistan’s prime minister Nawaz Sharif demanding action to catch the killers.

Hundreds of women are murdered by their relatives in Pakistan each year on the grounds of defending family “honour”.

The Aurat Foundation, a campaign group that works to improve the lives of women in Pakistan, says more than 3,000 have been killed in such attacks since 2008.

But Pakistan’s blood-money laws allow a victim’s family to forgive the murderer on receipt of a payment, which makes prosecuting such cases difficult because the killer is usually a relative.

Parveen’s killing caused particular outrage as police were reportedly at the scene but did nothing to stop the attack.

A few days after Parveen’s death her husband Mohammad Iqbal admitted he had strangled his first wife out of love for Parveen.

He was spared jail for his first wife’s murder because his sons persuaded her family to pardon him under the blood-money laws.

On the day she was attacked Parveen had gone to court to testify in Mr Iqbal’s defence after he was accused by her relatives of kidnapping her and forcing her into marriage.

* Agence France-Presse

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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.”