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IHC scraps Ishaq Dar’s pleas against indictment, trial over corruption

05:53 PM | 3 Oct, 2017
IHC scraps Ishaq Dar’s pleas against indictment, trial over corruption
ISLAMABAD - The Islamabad High Court (IHC) Tuesday dismissed two separate petitions of Finance Minister Ishaq Dar challenging his indictment and trial by an accountability court hearing a corruption reference against him.

The corruption reference, pertaining to Dar's owning assets disproportionate to his known sources of income, was filed by the National Accountability Bureau in light of the Supreme Court's July 28 judgment in the Panama Papers case.

A division bench comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb, while dismissing the petitions for being non-maintainable, suggesting that the petitioner should take up any objections with the monitoring judge of the Supreme Court.

Dar, who submitted the petition on Monday through his counsel Khawaja Haris, stated that he was indicted by the accountability court without giving him the mandated time and requested the court to suspend the indictment proceedings.

The finance minister maintained as he should be given time to file his response on the case, the court should order the accountability court to suspend its trial proceedings until a decision on his petition.

Dar was indicted at the last hearing of the accountability court on September 27. He has denied all charges and vowed to prove his innocence in court.

On Sept 27, Judge Muhammad Bashir of the accountability court had read out charges against Ishaq Dar, which he denied and opted to contest them.

The National Accountability Bureau submitted a list of 28 witnesses to the court, which it will now begin to produce from the next hearing on October 4.

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.

The writer is a member of the staff.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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 - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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