suspects ‘murder plot’ in Karachi for hurling accusations against PPP leader
ISLAMABAD – Former interior minister and AML leader Sheikh Rasheed has approached Islamabad High Court to block his transfer to Sindh capital Karachi or Murree, after being booked in new cases.
The seasoned politician, who is facing a flurry of cases, maintained that he only borrowed Imran Khan’s statement over assassination claims.
“The petitioner in cases filed against me is not the affected party,” Rasheed said in his plea, urging Islamabad High Court to quash registration of new cases against him.
The 72-year-old prayed before the court to stop his possible shifting to other province, calling it sheer 'misuse of power'.
Rasheed' nephew, also cited life threats on the senior politician in Karachi. He said if anything happened to his uncle, then an FIR should be registered against Shehbaz Sharif, Asif Ali Zardari, Bilawal Bhutto and Rana Sanaullah.
On Friday, another case was registered against former interior minister Sheikh Rashid at a Muree police station interfering in official affairs. The Awami Muslim League (AML) chief, who is an ally of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, was arrested in the wee hours of Thursday from Murree Motorway.
The FIR was registered on the complaint of investigation officer Ashiq Ali, from the Aabpara police station, Islamabad. Sheikh Rashid was accused of threatening the police officials.
The FIR was registered under Section 154 of the Criminal Procedure Code of Pakistan, charging Sheikh Rashid with interfering in official affairs and resisting his arrest. The FIR states that the former minister physically pushed and abused the police officers and threatened them with serious consequences at gunpoint.
Besides the former minister, his two employees have also been implicated in the case.
Abusing the policemen, Sheikh Rashid said he had been a minister several times and that he would not spare them, read the FIR. Hence, he committed an offence under Section 506ii (threatening to cause death or grievous hurt], 353 [Assault or criminal force to deter public servant from discharge of his duty] and 186 [Obstructing public servant in discharge of public functions].
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.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 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.
|Lahore||PKR 229,000||PKR 2125|
|Karachi||PKR 229,000||PKR 2125|
|Islamabad||PKR 229,000||PKR 2125|
|Peshawar||PKR 229,000||PKR 2125|
|Quetta||PKR 229,000||PKR 2125|
|Sialkot||PKR 229,000||PKR 2125|
|Attock||PKR 229,000||PKR 2125|
|Gujranwala||PKR 229,000||PKR 2125|
|Jehlum||PKR 229,000||PKR 2125|
|Multan||PKR 229,000||PKR 2125|
|Bahawalpur||PKR 229,000||PKR 2125|
|Gujrat||PKR 229,000||PKR 2125|
|Nawabshah||PKR 229,000||PKR 2125|
|Chakwal||PKR 229,000||PKR 2125|
|Hyderabad||PKR 229,000||PKR 2125|
|Nowshehra||PKR 229,000||PKR 2125|
|Sargodha||PKR 229,000||PKR 2125|
|Faisalabad||PKR 229,000||PKR 2125|
|Mirpur||PKR 229,000||PKR 2125|
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