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SC reserves judgment in Imran Khan, Jahangir Tareen disqualification case

Haider Ali 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.

Haider Ali

The writer is a civil servant.

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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 02, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.

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 207,100 PKR 2,420
Karachi PKR 207,100 PKR 2,420
Islamabad PKR 207,100 PKR 2,420
Peshawar PKR 207,100 PKR 2,420
Quetta PKR 207,100 PKR 2,420
Sialkot PKR 207,100 PKR 2,420
Attock PKR 207,100 PKR 2,420
Gujranwala PKR 207,100 PKR 2,420
Jehlum PKR 207,100 PKR 2,420
Multan PKR 207,100 PKR 2,420
Bahawalpur PKR 207,100 PKR 2,420
Gujrat PKR 207,100 PKR 2,420
Nawabshah PKR 207,100 PKR 2,420
Chakwal PKR 207,100 PKR 2,420
Hyderabad PKR 207,100 PKR 2,420
Nowshehra PKR 207,100 PKR 2,420
Sargodha PKR 207,100 PKR 2,420
Faisalabad PKR 207,100 PKR 2,420
Mirpur PKR 207,100 PKR 2,420

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