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Hussain Nawaz' statement on Al-Azizia Steel Mills not admissible: Nawaz Sharif

12:02 PM | 16 Nov, 2018
Hussain Nawaz' statement on Al-Azizia Steel Mills not admissible: Nawaz Sharif
ISLAMABAD - Former prime minister Nawaz Sharif has stated that the statement of Hussain Nawaz regarding Al-Azizia Steel Mills could not be presented as testimony in the court.

Recording the statement before the accountability court in Islamabad, the former premier expressed that the said factory was set up by Mian Muhammad Sharif, instead of Hussain Nawaz.

'I was never a part of the transactions related to Al-Azizia Steel Mills,' argued Sharif before Judge Arshad Malik on Friday.

He asserted that Al-Aziz Steel Mills was overseen by Hussain Nawaz but added that the co-accused was not present before the court.

https://en.dailypakistan.com.pk/headline/nawaz-sharif-appears-before-nab-court-in-al-azizia-reference-3/

On the third consecutive day, the former premier is recording his statement against the questions pitched by the National Accountability Bureau.

Nawaz Sharif expressed that the six-men Joint investigation Team branded the Qatari letter as hearsay though the Qatari prince had asked to record his statement in Doha.

'I have never relied on the Qatari letter for defence,' observed the elder Sharif against whom references were filed in line with the Panama Papers case judgment.

As many as three references have been filed against the former premier in line with the directives of the Supreme Court in the Panama Papers case verdict – a decision that ousted Nawaz Sharif from the PM House in July last year.

The accountability court judge Muhammad Bashir had sentenced elder Sharif to ten years in the Avenfield reference. However, the conviction was suspended by a two-member bench of the Islamabad High Court.

NAB has moved supreme court against the decision of the Islamabad High Court which would hear the case on December 12.

Besides Sharif, Maryam Nawaz was sentenced to 7 years and Captain Safdar was sentenced to one year in prison in the Avenfield reference which pertains to the pricey flats of the former ruling family.

*This is a developing story...

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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