Search

NA committee summons NAB chief over hefty payment to Broadsheet

11:33 PM | 14 Jan, 2021
NA committee summons NAB chief over hefty payment to Broadsheet

ISLAMABAD – A standing committee of the National Assembly has summoned National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal over a matter related to payment of millions of dollars to Broadsheet LLC, a UK-based law firm. 

The NA Standing Committee on Foreign Affairs has asked the head of the anti-graft buster on January 18 (Monday) after taking notice of payment of more than $28.706 million (Rs4.59 billion) to the UK company. 

It emerged earlier this month that Pakistan paid more than $28.706 million (Rs4.59 billion) the British assets recovery company after the London High Court found the National Accountability Bureau (NAB) guilty of breaching a contract. 

The hefty amount was transferred from the Pakistan High Commission (PHC) on behalf of NAB to Broadsheet LLC after a long litigation. The firm was hired around 17 years ago to detect alleged foreign assets of dozens of Pakistanis which it failed to trace any, Geo News reported. 

On December 17, the London High Court’s Financial Division had directed Pakistan to ensure payment of the amount to the NAB’s former client Broadsheet by 30th.

The Pakistani anti-graft buster had hired Broadsheet during former president Pervez Musharraf’s government in 2003 to trace assets in the UK and USA of more than 200 Pakistanis Benazir Bhutto, Asif Ali Zardari and Nawaz Sharif.

The British firm had moved the court against NAB after the anti-graft watchdog broke its contract in violation of the terms and conditions.

The media outlet citing sources said that Pakistan has left no option except complying with the orders as it has exhausted all legal options. The lawyer representing Pakistan had also advised against challenging the verdict.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

Advertisement

Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 23, 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 September 23, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 292 295.15
Euro EUR 317 320
UK Pound Sterling GBP 372.5 376
U.A.E Dirham AED 81.5 82.3
Saudi Riyal SAR 78.55 79.3
Australian Dollar AUD 198 200
Bahrain Dinar BHD 781.13 789.13
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.22 40.62
Danish Krone DKK 42.35 42.75
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.92 1.99
Kuwaiti Dinar KWD 951.03 960.03
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.23 176.23
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.72 770.72
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 217 219
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 325.12 327.62
Thai Bhat THB 8.31 8.46

Gold Rate in Pakistan Today – September 23, 2023

Today Gold Rate in Pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 215,800 on Saturday. The price of 10 grams of 24k gold was recorded at Rs185,020.

Likewise, 10 grams of 22k gold were being traded for Rs170,068 while a single tola of 22-karat gold was being sold at Rs198,365.

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.

Today Gold Price in Pakistan - 23 September 2023

City Gold Silver
Lahore PKR 215,800 PKR 2,565
Karachi PKR 215,800 PKR 2,565
Islamabad PKR 215,800 PKR 2,565
Peshawar PKR 215,800 PKR 2,565
Quetta PKR 215,800 PKR 2,565
Sialkot PKR 215,800 PKR 2,565
Attock PKR 215,800 PKR 2,565
Gujranwala PKR 215,800 PKR 2,565
Jehlum PKR 215,800 PKR 2,565
Multan PKR 215,800 PKR 2,565
Bahawalpur PKR 215,800 PKR 2,565
Gujrat PKR 215,800 PKR 2,565
Nawabshah PKR 215,800 PKR 2,565
Chakwal PKR 215,800 PKR 2,565
Hyderabad PKR 215,800 PKR 2,565
Nowshehra PKR 215,800 PKR 2,565
Sargodha PKR 215,800 PKR 2,565
Faisalabad PKR 215,800 PKR 2,565
Mirpur PKR 215,800 PKR 2,565

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter