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Benami assets of politicians to be seized very soon, declares PM Imran

08:59 PM | 1 Jul, 2019
Benami assets of politicians to be seized very soon, declares PM Imran
ISLAMABAD - Prime Minister Imran Khan announced on Monday that the benami assets of politicians would be seized from tomorrow as an action in this regard would be initiated soon.

In an exclusive interview with a private TV channel, the premier delved into the details about the revenue collection in the country and different aspects of the assets declaration scheme -the deadline of which has been extended till Wednesday.

'The benami assets of public would be confiscated after July as a list in this regard has already been received by the officials,' the premier said and added that it was impossible to manage the country, the way it has been managed in the past.

The premier - flanked by Adviser on Finance, Abdul Hafeez Sheikh and Federal Board of Revenue Chairman, Shabbar Zaidi - expressed that the value of exchange rate cannot be fixed as market takes such decision.

'The economy would strengthen after the IMF program,' the premier shared and added that market dictates the price of US Dollar against the rupee.

The premier observed that he discussed Malaysia’s crisis with Mahathir Mohammad and they fixed the exchange rate but also came out of that bad phase.

The prime minister expressed that half of the collected tax was paid as interest on loans; he equated the imports with a bubble, contending that relying solely on imports could weaken the country.

NRO with Sharifs

The premier also dished in on the matter of a deal with the former ruling family, the Sharif family and claimed that two countries were approached by Sharif family members.

'Both the countries are well aware of me and won't put pressure,' the premier said but fell short of disclosing the countries.

Prime Minister Imran Khan ruled out the possibility of any NRO with Sharifs, however, expressed that plea bargain was still an option.

'Nawaz Sharif should return the money and fly out of the country for treatment,' he said and added that if former president Asif Zardari was in trouble, he should return the money.

The premier stated in blunt remarks that this time they have to return Pakistan’s money adding that he will not be pressurized by any country.

'I would direct the law ministry to put an end to the VIP class in jails,' the premier expressed.

Trade Deficit

The premier disclosed that the export industry has been enhanced by 30 percent adding that Russia and Central Asian Republics were looking forward to Pakistan.

'They are observing Gwadar port as it would be less expensive for them,' the premier said.

He added that the country will prosper through industrialization.

"Thanks to our strategic position in the world, foreign investors are eager to come to Pakistan. All we need is to create ease of doing business in Pakistan," he remarked.

Housing Sector 

The prime minister expressed that the Naya Pakistan Housing Scheme would be inaugurated next week.

'Forty industries are put into action owing to the housing sector,' the premier expressed and added that the country would take off with the betterment of housing sector.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71


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