Shehbaz Sharif’s wife declared proclaimed offender

04:44 PM | 8 Dec, 2020
Shehbaz Sharif’s wife declared proclaimed offender

LAHORE – An accountability court on Tuesday declared Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif’s wife, Nusrat Shehbaz, proclaimed offender for not attending hearings of money laundering case.

Accountability judge Jawadul Hassan heard the cases while Shehbaz Sharif and his son Hamza, who are in custody of the National Accountability Bureau (NAB), were also presented in the court.

The court declaring Nusrat a proclaimed offender ordered cross questioning of witnesses in the case.

During the hearing, Shehbaz said that he during his three terms as chief minister of Punjab neither received salary nor committed corruption.

To which, the judge remarked: “It is better if you speak less as everything is noted here”.

Both Shehbaz and his son have been indicted in the case. NAB Lahore said that an inquiry was launched against former chief minister on a complaint made by Financial Monitoring Unit of State Bank of Pakistan (SBP).

It says Shehbaz Sharif held assets worth Rs2.1 million in 1990 and after eight years the assets of the PML-N president and his children grew to Rs10.8 million.

The NAB further adds Shehbaz and his children established nine business units during 2008 till 2018. The assets of the family grew to Rs6 billion through its frontmen and Benamidar. The anti-graft buster alleged the political family of building assets worth more than Rs7 billion by making corruption.

Salman Shehbaz, another son of Shehbaz Shrif, has also been declared fugitive for not appearing before the court.

The NAB said that Shehbaz and his family made assets of billions of rupees in ten years, adding that massive money laundering was also made through benami accounts.


USD to PKR: Pakistani rupee remains stable against dollar as IMF talks underway

ISLAMABAD – Pakistani rupee remained stable against the US dollar as the market is looking for direction amid Pakistan’s ongoing negotiations with the International Monetary Fund (IMF).

Amid the economic uncertainty, the local currency remained unchanged against the greenback, moving up 0.01 percent during the opening hours of trading. Before noon, PKR was hovering at 285.40 in the interbank.

In contrast to the inter-bank, the dollar continued its upward trajectory in the open market and is reportedly available at Rs315, as the gap between the official rate and open market rate is Rs30 per dollar.

As the money market is waiting for a positive development from the economic front, International Monetary Fund (IMF) Mission Chief to Pakistan said they continued engagement with Islamabad focusing on the restoration of foreign exchange proper market functioning, with special on the upcoming budget.

Today's gold rates in Pakistan – May 30 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,700 on Tuesday.The price of 10 grams of 24k gold was recorded at Rs199,510.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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.

City Gold Silver
Lahore PKR 232,700 PKR 2,500
Karachi PKR 232,700 PKR 2,500
Islamabad PKR 232,700 PKR 2,500
Peshawar PKR 232,700 PKR 2,500
Quetta PKR 232,700 PKR 2,500
Sialkot PKR 232,700 PKR 2,500
Attock PKR 232,700 PKR 2,500
Gujranwala PKR 232,700 PKR 2,500
Jehlum PKR 232,700 PKR 2,500
Multan PKR 232,700 PKR 2,500
Bahawalpur PKR 232,700 PKR 2,500
Gujrat PKR 232,700 PKR 2,500
Nawabshah PKR 232,700 PKR 2,500
Chakwal PKR 232,700 PKR 2,500
Hyderabad PKR 232,700 PKR 2,500
Nowshehra PKR 232,700 PKR 2,500
Sargodha PKR 232,700 PKR 2,500
Faisalabad PKR 232,700 PKR 2,500
Mirpur PKR 232,700 PKR 2,500


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