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NAB submits compliance report to declare Nawaz's sons absconders

Mahmood Idrees 10:12 AM | 14 Nov, 2017
NAB submits compliance report to declare Nawaz's sons absconders
ISLAMABAD - The accountability court on Tuesday adjourned proceedings to declare Hasan and Hussain Nawaz absconder after the National Accountability Bureau (NAB) submitted a compliance report on a process to declared them fugitive.

Both brothers skipped all hearings as they are in London with their ailing mother Begum Kulsoom Nawaz since the National Accountability Bureau (NAB) filed three corruption references regarding London flats, Al-Azizia Steel Mills and other companies against them in the backdrop of Panamagate verdict.

At the hearing, the NAB team submitted a report on four bank accounts of owned by Hussain Nawaz. The court that the accounts possess $3992, 4272 Euros, 207 pounds and Rs382,381 in the four accounts respectively.

The court was further informed that both brother did have any property in areas handled by the Lahore Development Authority and Defence Housing Authority.

The deputy prosecutor general also submitted a compliance report regarding the process of declaring them absconder. He said that deadline given to both brother to turn up in the court has expired.

The NAB prosecutor also asked the court to declare them proclaimed offenders as the time given them to ensure appearance in the court has expired.

The investigation officers of NAB also recorded their statements in three references against the Sharif family.

Judge Mohammad Bashir had issued non-bailable arrest warrants against them on Oct 2, which are still in effect.

A thirty-day deadline given to Hussain and Hasan to show up in the court was expired in last week. And in result, the court will officially declare them absconder order to seizes assets of them.

On October 9, the court had accepted NAB’s plea to declare the brothers proclaimed offenders and conduct their separate trial. The court had also ordered to initiate proceedings to declare them fugitive.

On October 12, the NAB following the orders of the court pasted the court's proclamation order on the main gate of the Sharifs’ residence in Model Town and Jati Umra. The notices were also sent to London to paste at their residence.

Later, the court ordered the Securities and Exchange Commission of Pakistan (SECP) to freeze the assets of Hasan and Hussain.

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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 1, 2023 (Wednesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 269.9 272.85
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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