Shehbaz Sharif fails to convince NAB in money laundering case, re-summoned

03:00 PM | 4 May, 2020
Shehbaz Sharif fails to convince NAB in money laundering case, re-summoned

LAHORE - The National Accountability Bureau (NAB) Monday re-summoned Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif on June 2 after he failed to give satisfactory replies to probe team in a money laundering case. 

The leader of the opposition appeared before the joint investigation team after he was summoned for third time as he had skipped two previous appearances due to coronavirus pandemic. 

In third notice, the anti-graft buster had warned Sharif that law will take its course if he failed to appear for investigation into the case.

During today's interrogation which lasted for around two hours, the officials asked questions about his property he has received as inheritance but he could not give satisfactory replies. 

The NAB has claimed that assets of Shehbaz's family rose to Rs549 billion from Rs23 million between 1998 to 2018, adding that the the PML-N president being a public office holder needs to explain the massive increase in his wealth. 

Besides asking him to submit bank details along with loan borrowed from Barclays, it has also sought details of gifts received and given by the family, details about agriculture income and others.

Last year in December, NAB had ordered the freeze of 23 pieces of property owned by Shebaz and his family members over the allegations of holding assets beyoung means and committing money laundering. 

The former Punjab chief minister was also accused of acquiring properties in the name of his wives Nusrat Shehbaz and Tehmina Durrani. 

Daily Pakistan Global Web Desk


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08


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