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NAB opposes Zardari's bail fearing record tampering

Haider Ali 07:52 PM | 12 Apr, 2019
NAB opposes Zardari's bail fearing record tampering
ISLAMABAD - The National Accountability Bureau (NAB) listed down the reasons behind its opposition to the interim bail granted to former president Asif Ali Zardari by the Islamabad High Court (IHC) in the fake accounts case.

The anti-graft body, stated in its report presented to the court, that the former president 'may tamper records' if not taken into custody, accusing Pakistan peoples Part co-chairman of not cooperating with the investigation team.

According to the accountability watchdog, Zardari fraudulently obtained Rs1.5 billion in loans for his Park Lane company through other firms.

The bureau has alleged that Zardari, in connivance with former prime minister Syed Yousaf Raza Gillani, illegally obtained three luxury bullet-proof cars, two BMWs and one Toyota Lexus from the state gift repository, gifted by the governments of UAE and Libya.

NAB further informed the court that Zardari paid Rs37.16 million as duty/tax on the said vehicles through cheques issued from the fake accounts in question.

"NAB has collected documentary evidence in accordance with the law," it added.

"However, it is the petitioner that is not cooperating with NAB. Moreover, the petitioner remained at influential positions. Therefore, tampering of evidence on his part cannot be ruled out," the bureau cautioned.

The fake accounts case pertains to the use of fictitious accounts to launder money. Initially the amount laundered was found out to be around Rs 35 billion, however, the Federal Investigation Agency had revealed in its report that an amount around Rs 100b was involved in the case.

The Federal Investigation Agency had named Zardari, Talpur, Omni Group chairman Anwar Majeed, his sons and over 10 others as suspects in an interim charge sheet filed in the banking court in August last year.

The fake bank accounts cum money-laundering probe started last year when then chief justice Saqib Nisar ordered the formation of a Joint Investigation Team for a thorough investigation. The case was brought to light in 2015, however, high-profile arrests were made on the directives of the former top judge.

The National Accountability Court is also investigating the case and recently it arrested former Karachi Port Trust (KPT), Secretary Aftab Memon.

Haider Ali

The writer is a civil servant.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 28, 2023

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 March 28, 2023 (Tuesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 284.1 287.15
Euro EUR 304.5 307.5
UK Pound Sterling GBP 345.5 349
U.A.E Dirham AED 77.3 78.1
Saudi Riyal SAR 76 76.7
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.18 761.18
Canadian Dollar CAD 205.5 207.7
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.30 41.73
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 924.09 933.09
Malaysian Ringgit MYR 62.84 63.45
New Zealand Dollar NZD 178 180
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 735.91 743
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.97 311.47
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 28 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,300 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs175,160.   

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 204,300 PKR 2,465
Karachi PKR 204,300 PKR 2,465
Islamabad PKR 204,300 PKR 2,465
Peshawar PKR 204,300 PKR 2,465
Quetta PKR 204,300 PKR 2,465
Sialkot PKR 204,300 PKR 2,465
Attock PKR 204,300 PKR 2,465
Gujranwala PKR 204,300 PKR 2,465
Jehlum PKR 204,300 PKR 2,465
Multan PKR 204,300 PKR 2,465
Bahawalpur PKR 204,300 PKR 2,465
Gujrat PKR 204,300 PKR 2,465
Nawabshah PKR 204,300 PKR 2,465
Chakwal PKR 204,300 PKR 2,465
Hyderabad PKR 204,300 PKR 2,465
Nowshehra PKR 204,300 PKR 2,465
Sargodha PKR 204,300 PKR 2,465
Faisalabad PKR 204,300 PKR 2,465
Mirpur PKR 204,300 PKR 2,465

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