Nawaz has no connection with son's business, Khawaja Haris informs NAB court

Associated Press of Pakistan 09:45 PM | 14 Dec, 2018
Nawaz has no connection with son's business, Khawaja Haris informs NAB court
ISLAMABAD - The accountability Court Friday in Islamabad adjourned the hearing of the Flagship Investment Reference against Sharif Family as defence lawyer, Khawaja Haris continued his final arguments.

Giving final arguments in Flagship Investment Reference on Friday, Nawaz's counsel Khawaja Haris pleaded before the trial court that his client was accused of real owner of offshore companies, however, the charge sheet had read that his sons were the 'benamidar' of these assets.

Accountability Court Judge Arshad Malik resumed hearing on graft reference against Sharif Family filed by National Accountability Bureau (NAB). Former prime minister Muhammad Nawaz Sharif also appeared before the court in judicial complex.

As the hearing began, the defence lawyer started concluding arguments in Flagship Investment Reference before the trial court.

He presented the documents of three more companies associated with the property of Nawaz Sharif's sons in the Britain and informed the court that documents related to other companies would be produced later.

He said it was the business of Nawaz's sons to purchase property, adding that his client had submitted a request to the UK Land Registry to obtain the record.

"The defence would submit the documents formally with the court after their verifications. The name of former prime minister was mentioned only with the Capital FZE amongst the companies listed in reference," Haris argued.

He said his client had never accepted his connection with the business of his sons before the National Assembly or at any other forum.

Later, the court adjourned hearing of the case till December 17 wherein Haris would continue his final arguments on Monday.

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency


ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.

During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.

Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.

Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.

The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.

Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.

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 205,900 PKR 2,370
Karachi PKR 205,900 PKR 2,370
Islamabad PKR 205,900 PKR 2,370
Peshawar PKR 205,900 PKR 2,370
Quetta PKR 205,900 PKR 2,370
Sialkot PKR 205,900 PKR 2,370
Attock PKR 205,900 PKR 2,370
Gujranwala PKR 205,900 PKR 2,370
Jehlum PKR 205,900 PKR 2,370
Multan PKR 205,900 PKR 2,370
Bahawalpur PKR 205,900 PKR 2,370
Gujrat PKR 205,900 PKR 2,370
Nawabshah PKR 205,900 PKR 2,370
Chakwal PKR 205,900 PKR 2,370
Hyderabad PKR 205,900 PKR 2,370
Nowshehra PKR 205,900 PKR 2,370
Sargodha PKR 205,900 PKR 2,370
Faisalabad PKR 205,900 PKR 2,370
Mirpur PKR 205,900 PKR 2,370


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