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LHC grants bail to Maryam Nawaz in Chaudhary Sugar Mills case

03:47 PM | 4 Nov, 2019
LHC grants bail to Maryam Nawaz in Chaudhary Sugar Mills case

LAHORE – The Lahore High Court on Monday granted bail to PML-N vice president Maryam Nawaz Sharif in Chaudhary Sugar Mills.

An LHC division headed by Justice Ali Baqir Najfi announced the reserved judgment on Maryam's release. The bench last week reserved the judgment after hearing arguments of both sides.

The daughter of former prime minister Nawaz Sharif was ordered by the court to surrender her passport to the court.

The LHC division bench heard her bail plea and directed her to submit two surety bonds worth Rs10 million each. However, the time period of the bail granted to the PML-N leader has yet not been cleared as the written order of the court is yet pending.

The bench clearly observed that Rs 70 million fine in case she failed to submit her passport to a deputy registrar of the Lahore High Court.

The NAB has clearly opposed her bail saying that she may fly abroad or may go underground in case of her bail in the case.

The NAB also informed the bench that Maryam Nawaz was started in accordance with the law on the basis of a report of Financial Monitoring Unit in 2018.

The bench accepted the NAB's plea and directed her to surrender her passport to the court so that she could not fly abroad.

Advocate Amjad Pervez, the counsel of Maryam Nawaz, argued that money laundering case against his client was baseless and that she was made Chief Executive of Chaudhry Sugar Mills only in papers. NAB had breached law and arrested Maryam in money laundering case despite revealing all the assets in Panama Leaks case, he argued.

Maryam Nawaz owned 8,064,000 shares of Sugar Mills, while from 2008 to 2010, she became the owner of 47% shares.

Nawaz Sharif and his daughter, Maryam Nawaz, invested in Chaudhry and Shamim Sugar Mills, but both of them did not disclose their investments.

On August 8, NAB team arrested Maryam Nawaz outside the Kot Lakhpat Jail in Lahore when she went there to see her father in jail. She did not appear before the NAB to provide the required details of foreign investment in sugar mills while she was also failed to satisfy the bureau regarding source of income for purchasing the shares. NAB had also claimed that three foreigners had transferred 11000 shares worth millions of rupees on Maryam Nawaz’s name.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 23, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 23, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 292 295.15
Euro EUR 317 320
UK Pound Sterling GBP 372.5 376
U.A.E Dirham AED 81.5 82.3
Saudi Riyal SAR 78.55 79.3
Australian Dollar AUD 198 200
Bahrain Dinar BHD 781.13 789.13
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.22 40.62
Danish Krone DKK 42.35 42.75
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.92 1.99
Kuwaiti Dinar KWD 951.03 960.03
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.23 176.23
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.72 770.72
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 217 219
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 325.12 327.62
Thai Bhat THB 8.31 8.46

Gold Rate in Pakistan Today – September 23, 2023

Today Gold Rate in Pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 215,800 on Saturday. The price of 10 grams of 24k gold was recorded at Rs185,020.

Likewise, 10 grams of 22k gold were being traded for Rs170,068 while a single tola of 22-karat gold was being sold at Rs198,365.

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.

Today Gold Price in Pakistan - 23 September 2023

City Gold Silver
Lahore PKR 215,800 PKR 2,565
Karachi PKR 215,800 PKR 2,565
Islamabad PKR 215,800 PKR 2,565
Peshawar PKR 215,800 PKR 2,565
Quetta PKR 215,800 PKR 2,565
Sialkot PKR 215,800 PKR 2,565
Attock PKR 215,800 PKR 2,565
Gujranwala PKR 215,800 PKR 2,565
Jehlum PKR 215,800 PKR 2,565
Multan PKR 215,800 PKR 2,565
Bahawalpur PKR 215,800 PKR 2,565
Gujrat PKR 215,800 PKR 2,565
Nawabshah PKR 215,800 PKR 2,565
Chakwal PKR 215,800 PKR 2,565
Hyderabad PKR 215,800 PKR 2,565
Nowshehra PKR 215,800 PKR 2,565
Sargodha PKR 215,800 PKR 2,565
Faisalabad PKR 215,800 PKR 2,565
Mirpur PKR 215,800 PKR 2,565

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