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Nawaz Sharif owned London flats while holding public office, NAB officer drops new bombshell

02:45 PM | 2 May, 2018
Nawaz Sharif owned London flats while holding public office, NAB officer drops new bombshell
ISLAMABAD - The investigating officer in the Avenfield properties reference against Sharif family members disclosed before the accountability court that as per investigations, Nawaz Sharif was the owner of upscale London flats while he was holding public office.

National Accountability Bureau (NAB)'s investigation officer Imran Dogar, who is the last prosecution witness, made the startling revelations before the accountability court on Wednesday.

"The properties were purchased through offshore companies in someone else’s name [to conceal ownership]," Dogar informed Judge Muhammad Bashir.

The investigating officer further alleged that the Sharif family failed to prove a source of income for purchasing the properties.

"London flats were in the use of Nawaz and his family since 1993," claimed Dogar.

In his shocking statement, the NAB official also stated that Securities and Exchange Commission of Pakistan's official Sidra Mansoor informed NAB about the Hudaibiya Paper Mills case.

Nawaz Sharif and daughter Maryam could not appear in court today as they were unable to fly off from Lahore owing to inclement weather.

Moreover, Maryam's counsel Amjad Pervez also failed to appear before the court and his associate counsel submitted a power of attorney on behalf of his client.

Interestingly, at the last hearing, Nawaz's counsel had requested the court not to allow recording of Dogar's statement.However, the judge remarked that he will give an order on the plea later and directed Dogar to record his statement.

Nawaz and his family are facing three corruption cases which pertain to the Al-Azizia Steel Mills and Hill Metal Establishment, offshore companies including Flagship Investment Ltd, and Avenfield properties of London in the Accountability Court-I after the NAB filed references against them in light of the Supreme Court's verdict in the Panama Papers case.

Nawaz Sharif and his sons Hussain and Hasan are accused in all three references whereas his daughter Maryam and son-in-law MNA Capt (retd) Safdar are named in the Avenfield reference only.

Hussian and Hassan Nawaz are UK-based and have been absconding since the proceedings began last year, however, the former premier has been showing up regularly before the court of judge Muhammad Bashir.

The writer is a civil servant.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 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 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
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

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