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Deadline not to be extended for JIT, SC reiterates

03:57 PM | 7 Jun, 2017
Deadline not to be extended for JIT, SC reiterates
ISLAMABAD - The Joint Investigation Team (JIT) formulated to probe the assets of Sharif family submitted its second report to the Supreme Court of Pakistan on Wednesday.

The JIT head, Wadjid Zia presented the reported before a three-member special implementation bench headed by Justice Ejaz Afzal Khan, comprising Justice Shikeh Azmat and Justice Ijazul Hassan.

The bench reiterated that JIT will not be given an extension to probe the case and directed it to complete the task within given deadline.

While hearing the case, Justice Azmat said that the court will not grant extra time to the investigators under any circumstances.

Justice Ejaz Afzal Khan also advised the JIT to file an application mentioning the problems being faced by the members during investigation.

During the hearing, the counsel for Sharif family asked the court to hear a petition filed recently seeking formation of commission to probe photo leak issue as soon as possible.

First Report

On May 22, the JIT presented its first report to the Supreme court of Pakistan.

During hearing, justice Ejaz Afzal instructed six-member JIT to complete the proceedings in a span of allotted sixty days.

"We would not allow extra time for completion  of proceedings," remarked justice Ejaz Afzal.

Justice Azmat Saeed Sheikh expressed that the JIT should apprise the three-member bench if any state institution was creating hurdles for the team.

Panama Verdict

In its judgement, the Supreme Court had also outlined the scope of the proposed JIT, which would probe how the Gulf Steel Mills in UAE came into being, what led to its sale, what happened to its liabilities, where did its sale proceeds end up, how did they reach Jeddah, Qatar and the UK, whether Hussain Nawaz and Hassan Nawaz in view of their ages at the time had the means to possess and purchase the flats, and whether the sudden appearance of the letters of Hamad Bin Jassim Bin Jaber Al-Thani of the Qatar was a myth or a reality.

The court also asked how bearer shares translated into the four upscale flats in London, who was the real and beneficial owner of Nielsen Enterprises Limited and Nescoll Limited, how did Hill Metal Establishment come into existence, where did the money for Flagship Investment Limited and other companies set up or taken over by Hassan Nawaz and where did the working capital for such companies come from and where do the huge sums running into millions gifted by Hussain Nawaz to the prime minister drop in from, Dawn News reported.


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal 12 April

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 12, 2024.

US Dollar rate in Pakistan

On Friday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024


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