Thar coal project: Probe ordered against Dr Mubarakmand over wasting public money

09:27 PM | 6 Dec, 2018
Thar coal project: Probe ordered against Dr Mubarakmand over wasting public money
ISLAMABAD - The Supreme Court on Thursday ordered an investigation against renowned Pakistani nuclear scientist Dr Samar Mubarak Mand, and others for wasting billions in ‘not implementable’ Underground Coal Gasification (UCG) project in Thar.

A three-member bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, has directed the National Accountability Bureau (NAB) for investigating the accused in the light of an audit report submitted by the Auditor General of Pakistan earlier today.

The report revealed that the project is not ‘implementable’. At least Rs4.69 billion has been spent so far but no electricity was produced, the court was informed.

The chief justice remarked that the scientist had made big claims about providing free electricity to entire Pakistan through this projects but a heavy amount had been wasted instead.

He questioned, “Who will be held responsible for the wasted money? He commented, “Dr Mubarakmand is responsible".

The scientist replied that Rs1bn was spent for preparing the feasibility report, adding that the government had given the go-ahead for it after seeing that his project was working.

The Deputy Attorney General, during the hearing, informed the court that the Sindh government was responsible for running the Thar project.

The court adjourned the case for an unspecified time period by directing the federal government to submit a report on the project in six weeks.

The employees of the project seeking payment of their salaries were asked to contact relevant authorities.

On Oct 18, the apex court had ordered the National Accountability Bureau (NAB) to probe into the Thar coal power project, besides directing the auditor general to conduct the forensic audit of it.

On Oct 20, the former chairman Thar-Coal project had expressed the hope that he will regain glory after finalization of the audit reports.

Talking to a private channel, he said the Sindh government had got approval from the federal government for making the cheap electricity through Thar-Coal project adding that a huge quantity of coal was available in Sindh province.

‘We are confident that the audit team could not find any misappropriation or irregularities in fund utilization,’ he affirmed.

The scientist asserted that this was an 8.9 billion rupees project, which should have been completed in a stipulated time frame.


Rupee loses ground against US dollar, Euro, Pound and other currencies; Check forex rates here

Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.

Dollar Rate in Pakistan Today

On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.

Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.

UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 28 November 2022

Currency Symbol Buying Selling
US Dollar ‎USD 285.1 288.15
Euro EUR 312 315
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 78 78.75
Saudi Riyal SAR 76.25 77
Australian Dollar AUD 186 187.5
Bahrain Dinar BHD 759 767
Canadian Dollar CAD 208 210
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.88 42.28
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 916.38 925.38
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 210 212
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 323.37 325.87
Thai Bhat THB 8 8.04

Gold price in Pakistan moves up amid positive global cues; Check today gold price here

KARACHI – Gold continues to move upward in local market amid surge in international rates.

Gold Rates in Pakistan Today - 28 November 2023

On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.

Globally, yellow metal went up by $12 to settle at $2,015 per ounce.

Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,600
Karachi PKR 217,600 PKR 2,600
Islamabad PKR 217,600 PKR 2,600
Peshawar PKR 217,600 PKR 2,600
Quetta PKR 217,600 PKR 2,600
Sialkot PKR 217,600 PKR 2,600
Attock PKR 217,600 PKR 2,600
Gujranwala PKR 217,600 PKR 2,600
Jehlum PKR 217,600 PKR 2,600
Multan PKR 217,600 PKR 2,600
Bahawalpur PKR 217,600 PKR 2,600
Gujrat PKR 217,600 PKR 2,600
Nawabshah PKR 217,600 PKR 2,600
Chakwal PKR 217,600 PKR 2,600
Hyderabad PKR 217,600 PKR 2,600
Nowshehra PKR 217,600 PKR 2,600
Sargodha PKR 217,600 PKR 2,600
Faisalabad PKR 217,600 PKR 2,600
Mirpur PKR 217,600 PKR 2,600


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