NAB authorised to probe ex-army chief Musharraf over corruption: IHC

09:56 AM | 10 Feb, 2018
NAB authorised to probe ex-army chief Musharraf over corruption: IHC
ISLAMABAD - In a landmark judgment, the Islamabad High Court (IHC) has directed the National Accountability Bureau (NAB) to initiate investigations against former army chief General (retd) Pervez Musharraf for his alleged corruption during his tenure as president of Pakistan.

A division bench of the high court, comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb, issued the directions on a petition filed by Lt Col (retd) Inamur Rahim in 2014 seeking a probe against Musharraf for allegedly holding assets beyond known sources of income and corruption practices.

In 2013, Rahim had filed a complaint with the bureau to launch an investigation but he was informed that such measures could not be taken against ex-army chief for want of jurisdiction. After the rejection of the complaint, the petitioner had moved the court.

The IHC, in its orders, declared the letter illegal, redefining the power of the bureau to investigate ex-military men. The orders also removed years long ambiguity in the National Accountability Ordi­nance (NAO) 1999 due to which the anti-graft watchdog was reluctant to take action against retired army officers.

The court after holding a detailed discussion on the NAO, ordered: “In the light of the above discussion retired General Pervez Musharraf is amenable to be proceeded under the [NAB] Ordinance of 1999 and thus investigated, tried or convicted there under because of two eventualities; firstly, for having held the Constitutional post of the President of Pakistan and secondly, clause (vi) of section 5(m) of the Ordinance of 1999 is attracted because he had resigned and stands retired from the Armed Forces of Pakistan”.

The judgment further said, “For what has been discussed above, we are satisfied that the bureau has indeed erred in misinterpreting the provisions of the NAB Ordinance of 1999 by refusing to consider and entertain the complaint, which had been filed by the petitioner.”

The court observed: “The bureau is vested with the power and jurisdiction to consider the complaint of the petitioner and after such consideration if it is of the opinion that an offence under the Ordinance of 1999 is prima facie made out, then it will become a duty of the latter to proceed to inquire, investigate and take all other steps mandated under the Ordinance of 1999.”

The petitioner’s counsel argued that Musharraf as army chief and president was responsible to protect the natives of Pakistan under the oath but he handed over numbers of citizens to the US to make money. He added that Musharraf in his book, In the Line of Fire, has accepted it.

Rahim also accused Musharraf of injecting “corruption into the senior hierarchy of the armed forces by allotting them plots over and above their entitlements”.

The petitioner said that when he moved the NAB to probe the allegation, the bureau refused to entertain his complaint observing that the accusation pertained to the tenure of Musharraf as army chief and president of Pakistan that did not fall under the ambit of the NAO.

After hearing the arguments, the cour ruled: "We are satisfied that the Bureau has indeed erred in misinterpreting the provisions of the Ordinance of 1999 by refusing to consider and entertain the complaint, which had been filed by the petitioner.”


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec  2023

Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.

Dollar Rate in Pakistan Today

On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.

Today’s currency exchange rates in Pakistan – 4 December 2023

Currency Symbol Buying Selling
US Dollar USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
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 742.16 750.18
Qatari Riyal QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices in Pakistan move down despite positive global cues

The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 4 December 2023

On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043 

A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.

In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,000 PKR 2,720
Karachi PKR 217,000 PKR 2,720
Islamabad PKR 217,000 PKR 2,720
Peshawar PKR 217,000 PKR 2,720
Quetta PKR 217,000 PKR 2,720
Sialkot PKR 217,000 PKR 2,720
Attock PKR 217,000 PKR 2,720
Gujranwala PKR 217,000 PKR 2,720
Jehlum PKR 217,000 PKR 2,720
Multan PKR 217,000 PKR 2,720
Bahawalpur PKR 217,000 PKR 2,720
Gujrat PKR 217,000 PKR 2,720
Nawabshah PKR 217,000 PKR 2,720
Chakwal PKR 217,000 PKR 2,720
Hyderabad PKR 217,000 PKR 2,720
Nowshehra PKR 217,000 PKR 2,720
Sargodha PKR 217,000 PKR 2,720
Faisalabad PKR 217,000 PKR 2,720
Mirpur PKR 217,000 PKR 2,720


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