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LHC judge named in Panama Papers denies transferring money abroad illegally

05:06 PM | 7 May, 2016
LHC judge named in Panama Papers denies transferring money abroad illegally
LAHORE (Staff Report) - A sitting judge of the Lahore High Court (LHC), Justice Farrukh Irfan Khan has responded to allegations of graft leveled against him after he was named in the Panama Papers released earlier this year for having a number of offshore companies registered in his name.

According to a press release issued by his office today (Saturday), Mr. Farrukh Irfan Khan divested himself of all business interests and shareholdings in favor of his daughter before his elevation as an LHC judge.

The release further stated that Mr. Khan earned an "impeccable reputation" as an intellectual property lawyer, both in Pakistan and abroad, before his elevation as a High Court judge in Lahore.

It also explains that Mr. Khan had legally registered a number of offshore companies in his name between 2001 and 2004 to use the earnings from his international intellectual property law practice for investment abroad.

Mr. Khan has never transferred any of his earnings from Pakistan abroad, according to the press release. Rather, he has routinely transferred the earnings of his international law practice into Pakistan.

The sitting judge's initial silence on the Panama Papers had been misconstrued and was being used to orchestrate a campaign to "malign" him and the judiciary, the press release contended.

Ahmad Durrani is Associate Editor at Daily Pakistan Global. He is also an independent researcher and journalist working for Tanqeed, a South Asian journal of politics and culture. He tweets at @ahmad_sdurrani.

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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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