IHC orders immediate release of PML-N Miftah.

Islamabad -- The Islamabad High Court (IHC) on Monday granted post-arrest bail to former finance minister and PML-N leader Miftah Ismail and ordered his immediate release.

The former finance minister was arrested by the National Accountability Bureau (NAB) in August this year and faces charges in the liquefied natural gas (LNG) terminal contract case.

After four months of detention, IHC Chief Justice Athar Minallah and Justice Miangul Hassan Aurangzeb accepted Ismail's bail plea against a surety amount of Rs10 million.

Ismail joins other PML-N leaders currently out on bail including former premier Nawaz Sharif, his daughter Maryam Nawaz, and ex-Punjab chief minister Punjab Shehbaz Sharif.

Ismail's petition said the grounds of his arrest were 'wholly inadequate to justify the continued incarceration of such an illustrious citizen on concocted and cooked-up allegations'.

Miftah's counsel said the anti-graft watchdog had failed to prove any loss to the national exchequer through any wrongdoing of his client.

The petition...