PTI ally Sheikh Rashid remanded to jail over anti-Zardari remarks

Web Desk 05:25 PM | 2 Feb, 2023
PTI ally Sheikh Rashid remanded to jail over anti-Zardari remarks
Source: Twitter

ISLAMABAD – A court in the federal capital on Thursday sent Awami Muslim League (AML) chief and former interior minister Sheikh Rashid Ahmed on two-day physical remand in a case registered over his assassination plot allegations against the former president Asif Ali Zardari.

Rashid, a close ally of Imran Kham, was taken into custody from his residence in a private housing society in an overnight raid days after the outspoken politician accused the PPP co-chairman of paying money to a terror outfit to kill the PTI chief.

The former minister was produced before Judicial Magistrate Umar Shabbir who rejected a police plea for eight-day physical remand of the AML chief and asked the authorities to produce him before the court in next hearing.

During the hearing, Abdul Razzaq, the counsel for Sheikh Rashid, argued that the case filed against his client was politically motivated. He added that the police arrested the AML chief despite the fact that the Islamabad High Court had suspended a police notice. He said political parties often trade criticism, adding that registration of case on such statements is tantamount the curb the voice of politicians.  

The prosecutor opposed the arguments, stating that the former interior minister had created threats for the family of former president by making such allegations.

The case was filed against the firebrand politician at Islamabad’s Aabpara Police Station under several sections related to criminal conspiracy, promoting enmity, and statements conducing to public mischief.

The FIR stated that Rashid made accusations to trigger a fight between PTI and PPP in a bid to disrupt peace.

Meanwhile, PTI chief Imran Khan and other allies condemned Rashid’s arrest, claiming that the cops ransacked his house and beat up domestic staffers to detain the former minister.

"Never in our history have we had such a biased, vindictive caretaker government appt by totally discredited ECP. The question is, can Pakistan afford a street movement that we are being pushed towards at a time when we have been bankrupted by Imported Govt? Imran Khan wrote in a mid-night tweet.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,500 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 230,500  PKR 2125
Karachi PKR 230,500  PKR 2125
Islamabad PKR 230,500  PKR 2125
Peshawar PKR 230,500  PKR 2125
Quetta PKR 230,500  PKR 2125
Sialkot PKR 230,500  PKR 2125
Attock PKR 230,500  PKR 2125
Gujranwala PKR 230,500  PKR 2125
Jehlum PKR 230,500  PKR 2125
Multan PKR 230,500  PKR 2125
Bahawalpur PKR 230,500  PKR 2125
Gujrat PKR 230,500  PKR 2125
Nawabshah PKR 230,500  PKR 2125
Chakwal PKR 230,500  PKR 2125
Hyderabad PKR 230,500  PKR 2125
Nowshehra PKR 230,500  PKR 2125
Sargodha PKR 230,500  PKR 2125
Faisalabad PKR 230,500  PKR 2125
Mirpur PKR 230,500  PKR 2125


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