Panama Papers: Maryam Nawaz 'owns properties in Peru and Singapore' as well

03:42 PM | 10 May, 2016
Panama Papers: Maryam Nawaz 'owns properties in Peru and Singapore' as well

LAHORE (Staff Report) - Nawaz Sharif’s daughter Maryam Safdar, who previously denied links with any offshore company has now been revealed as the sole owner of a shell company.

According to the data released by the International Consortium of Investigative Journalists (ICIJ) yesterday, the PM’s daughter is also serving as partner with her brother Hussain Nawaz in two London-based companies, Nescol and Nielson, which came to light in the first tranche of Panama leaks.

Panama Papers: List of Pakistanis named in second installment of massive documents leak

The shell company registered in her name mentions the Sarwar Palace in Jeddah as its business address, in addition to addresses in Peru and Singapore.


The company was reportedly found in 1994 during Nawaz Sharif's second tenure as Prime Minister of Pakistan.


Last month, the names of over 200,000 offshore companies and their international clients associated with Panama law firm Mossack Fonseca were revealed in Panama Papers leaks.

Searchable database of Panama Papers released; here is full list of 259 Pakistanis and their offshore companies

An investigation by more than 100 media groups, described as one of the largest in history, revealed the hidden offshore assets of around 140 political figures, including Pakistani Prime Minister Nawaz Sharif.

The sons and daughter of the Prime Minister own at least six upmarket properties overlooking London’s Hyde Park, according to the Panama leaks.

Maryam Nawaz has already disqualified herself for public office by lying in public. In a TV interview in 2011, she forcefully rebuked those persons who had associated her "good" name with properties abroad.

Maryam had said: “I don’t own any property even in Pakistan. I live with my father, and am dependent on him.”

While owning offshore companies in itself is not illegal or a crime, it remains to be seen whether the money that went into the making or the purchase of these companies was taxed and earned through legal means.

Ms Maryam Nawaz or the Sharif family has, so far, not commented on this most recent revelation under the Panama Papers.


Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565


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