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Accountability court orders to attach properties of Ishaq Dar's guarantor

02:38 PM | 14 Dec, 2017
Accountability court orders to attach properties of Ishaq Dar's guarantor
ISLAMABAD - An accountability court on Thursday ordered the National Accountability Bureau (NAB) to attach the properties of a guarantor of former Finance Minister Ishaq Dar after he failed to produce him before the court in a corruption case.

Judge Mohammad Bashir was hearing the case filed by the NAB against him for possessing assets beyond known sources of income.

During the previous hearing, the judge had given a final warning to the guarantor, Ahmed Ali Qudusi, to bring the former minister in court or forfeit surety bonds worth Rs5 million.


However, the guarantor neither attended the court hearing not produce the accused. Therefore, the court directed NAB to attach the property of Quddusi and submit report on next hearing.

The court also recorded statement of another prosecution witness, Azeem Khan, in a corruption case against former Finance Minister Ishaq Dar.

The NAB witness, who is a banker, submitted computer-generated details regarding three bank accounts owned by the former minister.

The record of an account operated by Hajvery holding company and a bank locker was also submitted to the court.

During the hearing, two other witnesses – Masood Ghani and Abdul Rehman – who had earlier recorded their statement appeared again along with the record sought by the court. They were allowed to leave after submitting the record.

The hearing of the case was adjourned until December 18.

On next hearing, the court has summoned more witnesses, including deputy secretary Cabinet Division Wasif Hussain, former Nadra director Qaboos Aziz, banker Faisal Shahzad, deputy director commerce Qamar Zaman and National Assembly director Sherdil Khan .

Proclaimed Offender

On Monday, the accountability court declared former finance minister Ishaq Dar a proclaimed offender in a corruption case regarding possession of assets beyond means.

Judge Mohammad Bashir had announced the decision after the former finance minister did not attend the court hearings continuously as he is in London for medical treatment. He has skipped the last six hearings of the case.

Indictment

On September 27, the former finance minister had been indicted for possessing assets beyond his known sources of income.

Dar had rejected the allegations levelled by the National Accountability Bureau (NAB) in its reference prepared following the orders of the Supreme Court in its July 28 verdict in Panamagate case.

NAB Reference

According to the NAB reference, the accused had acquired assets and pecuniary interests/resources in his name or in the name of his dependents of an approximate amount of Rs831.678 million as per the investigation conducted so far.

The assets are disproportionate to his known sources of income for which he could not reasonably account for, the reference said.

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Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720

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