Search

x
Join our whatsapp channel for News Updates

Accountability court adjourns Dar's graft case due to IHC stay order

08:48 AM | 2 Jan, 2018
Accountability court adjourns Dar's graft case due to IHC stay order
ISLAMABAD - An accountability court in Islamabad on Tuesday adjourned hearing of a corruption case against former finance minister till January 18 a day after Islamabad High Court's stay order will end.

As Judge Mohammad Bashir resumed hearing of the case filed by the National Accountability Bureau (NAB) accusing Dar of possessing assets beyond known sources of income, the NAB's prosecutor submitted copy of high court's orders to halt trial proceedings against the former minister.

On Dec 20, the high court issued a stay order against the proceedings of an accountability court against Dar.

A divisional bench comprising Justice Athar Minullah and Justice Gul Hasan Aurengzeb announced the ruling while hearing a petition filed by Dar against the accountability court’s order regarding issuance of non-bailable warrants and declaring him a proclaimed offender. The high court has barred the trial court from proceedings against Dar till January 17, 2018.


On Nov 21, the accountability court had issued warrants for Dar, while he has been declared a proclaimed offender in a corruption case regarding possession of assets beyond means on December 14.

Judge Mohammad Bashir had announced the decision after the former finance minister did not attend the court hearings continuously as he is in London for medical treatment. He had skipped the last six hearings of the case.

However, the judge during a hearing observed that it did not seem that Dar was suffering from a serious disease or that he could not travel to Pakistan to attend the court hearings.

On Dec 19, the IHC also issued a stay order for 24 hours against orders of an accountability court regarding seizing property of former fiance minister Ishaq Dar’s guarantor, hmad Ali Qadoosi, after he failed to produce Dar before the court.

Indictment

On September 27, the former finance minister had been indicted for possessing assets beyond his known sources of income.

Dar had rejected the allegations levelled by the National Accountability Bureau (NAB) in its reference prepared following the orders of the Supreme Court in its July 28 verdict in Panamagate case.

NAB Reference

According to the NAB reference, the accused had acquired assets and pecuniary interests/resources in his name or in the name of his dependents of an approximate amount of Rs831.678 million as per the investigation conducted so far.

The assets are disproportionate to his known sources of income for which he could not reasonably account for, the reference said.

Advertisement

Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

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

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter