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NAB submits compliance report to declare Nawaz's sons absconders

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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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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