SC reserves judgment in Imran Khan, Jahangir Tareen disqualification case

12:55 PM | 14 Nov, 2017
SC reserves judgment in Imran Khan, Jahangir Tareen disqualification case
ISLAMABAD - The Supreme Court of Pakistan reserved the judgment in the disqualification case pertaining to Pakistan Tehreek-e-Insaf Chairman Imran Khan and Secretary General Jahangir Tareen on Tuesday.

During today's hearing, the counsel for Imran Khan Naeem Bukhari winded up his arguments before the three-member bench headed by Chief Justice Mian Saqib Nisar.

CJP after hearing the arguments remarked that it should not be inferred that the decision would be out by tomorrow as more material related to the case would be submitted.

'We have conducted the hearings to dig out the truth' remarked Justice Saqib Nisar.

The counsel for Naeem Bukhari in his final arguments expressed that in July 2007, an amount worth 20,000 pounds was deposited in Imran Khan's account through NSL account.

He continued that his client might have made mistakes in his assets declaration form for 2002 elections, however, it was not based on dishonesty.

He contended that the plaintiff Haneef Abbasi was seeking the disqualification of Imran Khan based on the documents submitted in 2002.

To this, the Chief Justice responded that the then returning officer did not scrutinise the papers wondering whether the bench can investigate those documents or not.

Bukhari argued that the returning officer might have raised objections provided Imran Khan had concealed his assets.

Justice Saqib Nisar observed that Pakistan Tehreek-e-Insaf (PTI) Chairperson Imran Khan declared his London flat but not the offshore company.

Responding to this, Imran's counsel contended that his client wasn’t the beneficial owner of the company nor its shareholder which is why it was not declared.

Jahangir Tareen's case

Regarding Tareen's case, the court observed that it seems Tareen was the beneficial owner of the offshore company, Shiny View Ltd.

Justice Umar Ata Bandiyal, a member of the three-judge bench noted that it was clear in the trust deed submitted by Tareen that there were two lifetime beneficiaries of the trust.

The plaintiff Abbasi’s counsel Akram Sheikh argued that the presence of the offshore company was not declared in tax returns and nomination papers of PTI leader.

During the previous hearing on November 9, the chief justice observed that Tareen has already served his punishment according to the law.

On the other hand, Attorney General Pakistan Ashtar Ausaf Ali presented his arguments before the bench, saying Tareen’s counsel challenged two sections of the Securities and Exchange Commission of Pakistan (SECP) act.

He added that the fine imposed on Tareen by SECP in 2008 for insider trading has been submitted in the national exchequer and there is no point objecting to the law after 10 years.

Tareen also provided the court the trust deed regarding a 12-acre property he owns in the United Kingdom.

The writer is a civil servant.


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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