Islamabad High Court prevents Imran Khan's arrest in Toshakhana case till tomorrow

Web Desk 03:31 PM | 17 Mar, 2023
Islamabad High Court prevents Imran Khan's arrest in Toshakhana case till tomorrow

ISLAMABAD – The Islamabad High Court on Friday blocked police from arresting former prime minister Imran Khan in a case involving the sale of state gifts.

The court accepted an undertaking by Pakistan Tehreek-e-Insaf (PTI) chairman to appear before a sessions court tomorrow, ordering the police to provide him proper security.

The PTI chief moved the high court a day after a district and sessions court in the federal capital dismissed a petition filed by Khan, seeking suspension of arrest warrants issued against him in the Toshkhana case.

Additional Sessions Judge Zafar Iqbal delivered the verdict  after hearing arguments from PTI lawyers Khawaja Harris and Barrister Gohar, Islamabad IGP Nasir Akbar Khan and other parties. 

The PTI had moved the petitions for suspension of warrants after the Islamabad High Court asked it to submit an undertaking in the trial court that Imran Khan would appear before it on March 18.

Imran Khan was ousted from office through a no-confidence vote and has been snarled in dozens of cases, including Toshakhana. The district court last week issued arrest warrants against him over avoiding the hearings in the case.

However, he has been resisting arrest in the Toshakhana case and is staying at his Zaman Park residence fortified by the supporters, who have fought “pitched battles” with the police and Rangers over the past few days.

This is the fifth time he has been given the chance to appear before the trial court on March 18 when he is expected to be indicted for allegedly selling state gifts. 

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

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 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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