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Money laundering probe: PML-N moves Supreme Court against NAB chief

Mahmood Idrees 04:12 PM | 12 May, 2018
Money laundering probe: PML-N moves Supreme Court against NAB chief
ISLAMABAD - A leader of Pakistan Muslim League-Nawaz (PML-N) on Saturday filed a constitutional plea against the head of the National Accountability Bureau (NAB) over the money-laundering probe against former prime minister Nawaz Sharif.

Noor Ahmad Awan, a leader of PML-N’s Japan chapter, submitted an application citing a press release issued by the anti-graft watchdog's chairman, Justice (r) Javed Iqbal, ordering probe against Sharif.

On May 8, the NAB chief had ordered to verify the allegations against Sharif after taking notice of the media reports regarding alleged transfer of $4.9 billion to India by the ex-PM and others outside the country.

The Bureau also quoted the World Bank’s Migration and Remittance Book 2016, saying it corroborates the allegations of money laundering.

The application states that the controversial press release was issued in a move to defame the former prime minister, adding that the State Bank of Pakistan had earlier refuted the allegations.

Justice (r) Javed Iqbal did not issue any explanation regarding the ‘flawed’ probe, it said, adding that the press release raised fingers over the credibility of the institution.

The applicant pleaded the court to order investigations into the matter, besides directing NAB chief to tender unconditional apology. It also asked the court to issue an order for removing the Iqbal.

On Friday, the embattled PML-N discussed on Friday to initiate legal proceedings against the anti-graft watchdog chairman over not filing apology or resignation despite the deadline.

On Thursday, Nawaz had demanded the NAB chairman to present proof of the charges within 24 hours or go home, however, NAB clarified that it was not a crime to question corrupt practices.

The NAB statement was also quashed by the World Bank, stating that its Remittances and Migration Report did not mention money laundering or name individuals.

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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 February 7, 2022 (Tuesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279 282
Euro EUR 296.67 297.26
UK Pound Sterling GBP 331.71 332.41
U.A.E Dirham AED 74.8 75.1
Saudi Riyal SAR 73.21 73.51
Australian Dollar AUD 190.31 192.72
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.19
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The gold price in Pakistan dropped by Rs4,300 per tola to reach Rs200,000 on Tuesday as it lost ground on second consecutive day after witnessing mostly bullish trend last week.

As per the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of 24 carats gold decreased by Rs3,686 to settle at Rs171,468.

On Monday, the gold price witnessed a drop of Rs200 per tola to close at Rs204,300.

In the international market, the commodity dropped by $1 to reach $1,869 per ounce.

Meanwhile, silver prices in the domestic market slumped by Rs20 per tola and Rs17.14 per 10 grams to reach at Rs2,230 and Rs1,911, respectively.

https://en.dailypakistan.com.pk/07-Feb-2023/rupee-depreciates-against-us-dollar-again

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