SC disqualifies Jahangir Tareen for life

03:41 PM | 15 Dec, 2017
SC disqualifies Jahangir Tareen for life
ISLAMABAD - The Supreme Court disqualified Pakistan Tehreek-e-Insaf Secretary General Jahangir Tareen for life on Friday, on a petition filed by Pakistan Muslim League Nawaz leader Haneef Abbasi.

'Jahangir Tareen was not Sadiq' (honest) and 'Ameen' (righteous)' announced Chief justice Mian Saqib Nisar in a packed courtroom No. 1.

“Jehangir Tareen has been disqualified for not disclosing his off-shore company,” said the top court while explaining the legal grounds for the disqualification.

'Tareen deliberately gave the false statement before the SC for concealment the ownership of his 12-acre UK house' observed the three-member bench.

According to the short verdict, Tareen was disqualified on the basis of article 62 (1) (f) of the constitution and Section 99 of Representation of People Act (ROPA) as he was found involved in insider trading scandal as well as for concealing his offshore firms.

The chief justice while reading the judgement said that Tareen had done insider trading under the names of his driver and cook.

It was also stated in the judgment that the court was not announcing its decision on Tareen's agriculture land matter.

The verdict was handed down by a three-member bench headed by Chief Justice Mian Saqib Nisar, comprising Justice Faisal Arab and Umar Ata Bandial on petitions filed by Pakistan Muslim League-Nawaz (PML-N) leader Hanif Abbasi against PTI bigwigs.

In the petitions filed by Pakistan Muslim League Nawaz leader Haneef Abbasi in November last year, it was accused that the PTI leader concealed their assets and offshore companies, and received foreign funds.

Akram Sheikh and Azid Nafees were among the counsels of the petitioner, whereas Naeem Bukhari argued for Imran. Sikandar Bashir Mohmand advocated for Tareen.

Imran Khan escapes Disqualification

Chairman Pakistan Tehreek-e-Insaf Imran Khan narrowly escaped disqualification in an anxiously awaited verdict announced by the Supreme Court on Friday.

In the verdict announced by Justice Saqib Nisar, it was categorically observed that Imran Khan was qualified enough to be a lawmaker, to the pleasure of PTI members who had assembled inside courtroom No. 1.

Chief Justice Mian Saqib Nisar said that Khan was not liable to declare his offshore firm Niazi Services Ltd in his 2013 nomination papers as he was not a shareholder, adding that he submitted all the information asked of him.

“Imran Khan is neither director nor shareholder of the offshore company. He was not required to show his off-shore company accounts,” the court added.

It was also directed that the issue of foreign funding brought by the petitioner Haneef Abbasi should be handled by the Election Commission separately.

‘It is the responsibility of the ECP to look at the foreign funding case in detail’ Justice Nisar observed.

The writer is a civil servant.


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08


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