LAHORE – An accountability court in the Punjab capital has deferred the indictment of Prime Minister Shehbaz Sharif and his son Hamza Shehbaz, who is the chief minister of Punjab province, in Rs16 billion money laundering case after the premier extended his stay in Britain.
Top PML-N leader and family are facing money laundering of billions of rupees using accounts operated in the name of their businesses and employees, as per the Federal Investigators.
Sharif’s counsel, Amjad Pervaiz, requested an exemption for his client citing medical grounds as the prime minister is currently undergoing 'medical treatment' in Britain.
Pervaiz maintained that Sharif was scheduled to return on May 13 but was delayed in wake of a medical consultancy. He maintained that the PML-N leader was a cancer survivor and is currently suffering from chronic backache and his medical checkup was long overdue.
PM Sharif will visit the United Arab Emirates (UAE) to offer his condolences on the demise of Sheikh Khalifa bin Zayed Al Nahyan.
Presiding Judge Ijaz Hassan Awan accepted the request and extended the pre-arrest bails of the duo till May 21.
In the year 2020, Shehbaz Sharif and his sons Hamza and Suleman was booked under Anti Money Laundering Act while more than dozen others have also been named in the case.
Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.
On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.
Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.
UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||361||364|
|Hong Kong Dollar||HKD||36.49||36.84|
|New Zealand Dollar||NZD||175.89||177.89|
KARACHI – Gold prices in the local market continue to decline in line with the international market.
On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100.
Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.
In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.
|Lahore||PKR 219,400||PKR 2,625|
|Karachi||PKR 219,400||PKR 2,625|
|Islamabad||PKR 219,400||PKR 2,625|
|Peshawar||PKR 219,400||PKR 2,625|
|Quetta||PKR 219,400||PKR 2,625|
|Sialkot||PKR 219,400||PKR 2,625|
|Attock||PKR 219,400||PKR 2,625|
|Gujranwala||PKR 219,400||PKR 2,625|
|Jehlum||PKR 219,400||PKR 2,625|
|Multan||PKR 219,400||PKR 2,625|
|Bahawalpur||PKR 219,400||PKR 2,625|
|Gujrat||PKR 219,400||PKR 2,625|
|Nawabshah||PKR 219,400||PKR 2,625|
|Chakwal||PKR 219,400||PKR 2,625|
|Hyderabad||PKR 219,400||PKR 2,625|
|Nowshehra||PKR 219,400||PKR 2,625|
|Sargodha||PKR 219,400||PKR 2,625|
|Faisalabad||PKR 219,400||PKR 2,625|
|Mirpur||PKR 219,400||PKR 2,625|