PTI chief Imran Khan and other members of party including Jahangir Tareen and Asad Umer were present in the court room. Meanwhile, Awami Muslim League chairman Sheikh Rasheed, JI Ameer Siraj Ul Haq also showed up in the apex court.
During today's hearing, the apex court categorically remarked that it would not set a precedent of disqualifying the premier merely on the basis of hypothetical assumptions.
Justice Asif Saeed Khosa stated that he should have avoided his observation pertaining to article 62, 63 of the constitution yesterday. The observation was later retracted.
"We have to lay down the parameters. If the situation continues then no would be able to escape from Articles 62 & 63," he said yesterday, remarking that only Sirajul Haq would survive then.
PTI's counsel Naeem Bukhari kicked off his arguments by stating that Ishaq Dar's confessional statement was available in court's record. He said that a report regarding the alleged money laundering by Sharif family was written in September 1998 by former FIA director Rehman Malik which was forwarded to the then president Rafiq Tarrar, Chief Justice and Chairman NAB.
To this, Justice Azmat Saeed observed whether court's mandate of decision should be delegated to Rehman Malik.
"Convince the bench instead of addressing the nation," Justice Azmat Saeed told Naeem Bukhari and inquired when Naeem Bukhari was presenting his friend Rehman Malik for interrogation before the court.
Justice Aijaz Afzal remarked that the Panama case was limited to ownership of London flats and so PTI should not stretch it. He inquired about the importance of Ishaq Dar's statement and asked whether Ishaq Dar was co-accused.
"The most important is to maintain the sanctity and dignity of apex court," remarked Justice Aijaz Afzal adding that PTI should move to NAB as the apex court was not a trial court. He asked PTI's counsel to convince the bench that NAB should have filed an appeal regarding the Hudaibia paper mills case. He went on to say that no decision could be taken merely on the basis of police diary. Justice Aijaz remarked that the larger bench would analyse the case in the purview of article 184/3 of the constitution that defines the jurisdiction of Supreme Court.
He asked Naeem about the exact date of the report formulated by Rehman Malik to which Naeem replied that he was unaware whether the report was made before or after the retirement of Malik.
Justice Asif Khosa while throwing his weight behind Justice Aijaz also said that the apex court was not a criminal court. He said that Naeem Bukhari's research was very good but its value was questionable. He added that PTI was expecting the apex court to first investigate and then give verdict as trial court. He maintained that Rehman Malik should have taken notice of the allegations of money laundering against Sharif family when he became interior minister but Naeem mentioned that PML-N was part of coalition government set up in 2008 between PPP and its allies.
Justice Asif Khosa went on to ask whether the investigations regarding the alleged money laundering reached a logical conclusion.
Naeem Bukhari clarified his position by stating that the London flats had always belonged to the Sharif family. He quipped that he was acting as a "stepney" counsel for PTI as the original lawyer was Hamid Khan.
Naeem continued his arguments and claimed that 12 companies of Hassan Nawaz had a total net worth of 2 million pounds by 2005. He expressed that this evidence contradicted the statements of Nawaz Sharif as the premier had stated that his sons had started a business after selling Jeddah Steel Mills.
He quoted a statement of premier Nawaz Sharif that all records related to the deal of Jeddah Steel Mills was available and alleged that Nawaz Sharif did not mention Qatari investment in his statements.
"If statements of Nawaz Sharif are believed to be true then the stance of Hussain Nawaz comes out to be false," said Naeem Bukhari.
To this, Justice Asif Khosa remarked that according to Hussain Nawaz, Qatari investment was his only source of income. He added that the investments in Qatar, Dubai and Jeddah looked as if they were family investments. He inquired as to how PTI's counsel would link family investments to premier Nawaz Sharif.
"Prime Minister can be seen in the pictures he showed on the floor of the house," said Justice Khosa.
Naeem Bukhari replied that the premier had not mentioned the 12 million AED's in his second speech.
Justice Azmat inquired whether any court, in any part of the world gave any verdict regarding the Panama papers, to which Naeem quipped that this bench would set a precedent in this case.
Naeem reaffirmed that the trust deed was made for defense by the Sharif family after the case was taken up by the court and its sole purpose was to disassociate Nawaz Sharif and Maryam Nawaz from the property.
"Trust deed was kept under the wraps and if the Qatari letter is expelled from the proceedings, then there was no importance of the trust deed as well," said Naeem Bukhari.
At this point, justice Aijaz Afzal remarked that Mian Shareef was overseeing the business affairs of Sharif family and how can scions of Mian Shareef reveal money trail of a business run by their father.
'Even if something wrong was done, how can scions of Mian Shareef be questioned over it?' said justice Aijaz Afzal.
Naeem Bukhari remained adamant and expressed that Shehbaz Sharif signed a document instead of Tariq Shafi and alleged that Nawaz Sharif, Hussain Nawaz and Maryam were among the directors of Hudaibia paper mills.
He maintained that Panama papers were treated as evidence regarding the corruption throughout the world.
Justice Asif Khosa remarked that the court would reach any conclusion after listening to the other party as well. He observed that the court could question the legal standing of Qatari letter as well.
Justice Aijaz Afzal in a categoric statement expressed that the court would not set a dangerous precedent by disqualifying the premier merely on a hypothetical basis.
The apex court has adjourned the hearing till Wednesday.
It is relevant to mention that Jamaat-e-Islami also filed an application to summon premier Nawaz Sharif in court in the purview of the case.
Meanwhile, talking to newsmen outside Supreme Court, PTI's spokesperson Naeem ul Haq said that money was transferred abroad using illegal means as the Sharif family used the same channel in the past as well. Fawad Chaudhry maintained that the core issue was how Hassan Nawaz who was a student in 1999 became a billionaire in 2001.
On the other hand, PML-N's representative Daniyal Aziz expressed that their lawyers would put forth facts when they would be allowed to do so. He reiterated that the premier was not named in the Panama papers.
Information minister Maryam Aurangzeb took aim at the PTI chief and claimed that PTI had changed its stance in the apex court yet again. She expressed that they would not let PTI off the hook this time.
"Masses rejected Pakistan Tehreek-e-Insaf," said Danyal Aziz as he expressed his viewpoint outside Supreme court.
A five-member larger bench headed by Justice Asif Saeed Khosa is hearing the landmark case with Justice Ejaz Afzal Khan, Justice Gulzar Ahmed, Justice Sheikh Azmat Saeed and Justice Ejazul Hasan.
During the last hearing, the apex court remarked that PTI's counsel Naeem Bukhari should satisfy and convince the bench instead of the media.
Justice Azmat Saeed said Naeem Bokhari ‘flirts’ with legal questions and avoids court proceedings. He ordered the counsel to stay in the podium till the judges are satisfied with his arguments.
Justice Azmat Saeed in his remarks said that the Sharif family did not submit many documents that were required, and therefore their lawyers need to answer plenty of questions regarding the landmark case.
On the other hand, Naeem Bukhari sought action against Chairman NAB for not pursuing the Hudaibia paper mills case according to legal procedures. He also read the confessional statement of finance minister Ishaq Dar which he made before a magistrate in 2000.
Bukhari claimed that the Maryam’s BMW vehicle worth Rs. 3.5 million depreciated in value to Rs. 2.80 million in a year. He further said that the financial advisor of Sharif group claimed that records of the money trail had been provided to the lawyers of Sharif family.
PTI’s counsel claimed that Hussain Nawaz gave Rs. 810 million as a gift to Nawaz Sharif, for which Nawaz Sharif had not paid any tax. "Prime Minister said that his son Hussain was living abroad," Naeem said while quoting the premier. In his statement Justice Gulzar said that there was nothing out of the ordinary with exchange of gifts between Nawaz Sharif and his son Hussain.
Bukhari also accused the Federal Board of Revenue (FBR) of not probing the matter in the purview of non-payment of tax by Nawaz Sharif. He said that Maryam Nawaz had also borrowed some money from her brother.
"The court asked 16 questions, and you responded to none," Justice Azmat Saeed said to Naeem Bukhari.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 07:00 AM)
|UK Pound Sterling||GBP||311||314|
|Hong Kong Dollar||HKD||29.52||29.87|
|New Zealand Dollar||NZD||148.33||149.53|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.
Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.
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.
|Lahore||PKR 197,900||PKR 2,100|
|Karachi||PKR 197,900||PKR 2,100|
|Islamabad||PKR 197,900||PKR 2,100|
|Peshawar||PKR 197,900||PKR 2,100|
|Quetta||PKR 197,900||PKR 2,100|
|Sialkot||PKR 197,900||PKR 2,100|
|Attock||PKR 197,900||PKR 2,100|
|Gujranwala||PKR 197,900||PKR 2,100|
|Jehlum||PKR 197,900||PKR 2,100|
|Multan||PKR 197,900||PKR 2,100|
|Bahawalpur||PKR 197,900||PKR 2,100|
|Gujrat||PKR 197,900||PKR 2,100|
|Nawabshah||PKR 197,900||PKR 2,100|
|Chakwal||PKR 197,900||PKR 2,100|
|Hyderabad||PKR 197,900||PKR 2,100|
|Nowshehra||PKR 197,900||PKR 2,100|
|Sargodha||PKR 197,900||PKR 2,100|
|Faisalabad||PKR 197,900||PKR 2,100|
|Mirpur||PKR 197,900||PKR 2,100|