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NAB arrests PTI's provincial minister Sibtain Khan

12:53 AM | 15 Jun, 2019
NAB arrests PTI's provincial minister Sibtain Khan
LAHORE - The National Accountability Bureau arrested Punjab Forest Minister Sibtain Khan on Friday for allegedly awarding contracts to his favourite companies, the officials said.

Pakistan Tehreek-e-Insaf lawmaker hails from PM Imran Khan’s hometown, Mianwali and was elected from PP-88 in the 2018 elections.

According to NAB officials, Sibtain illegally awarded contracts of 500 tonnes of raw iron in Chiniot in 2007 to Earth Resource Pvt Ltd when he was serving as the minister of mines and minerals during Chaudhry Pervez Elahi’s Punjab government.

The anti-graft watchdog stated that the contract was awarded despite the company having no previous experience in mining.

NAB further elaborated that the Punjab Mines Department denied considering any other company during the bidding process. The mines department had only contributed 20 per cent to the said project, thus making the joint venture illegal, NAB added.

Sibtain Khan will be presented before an accountability court tomorrow.

The writer is a civil servant.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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