ISLAMABAD – The federal cabinet has constituted a committee to amend the ‘draconian law’ of the country’s anti-graft watchdog to quash ‘political victimization’.
A report of state broadcaster said the development comes after Prime Minister Shehbaz Sharif held a threadbare discussion on the amendments in the National Accountability Bureau law.
Representatives from banking, bureaucracy, and legal experts will be part of the new committee.
The Cabinet members said NAB’s ‘draconian law’ was used for the victimization of statemen and to intimidate bureaucracy and the business community. It mentioned that the government officers were terrified while making decisions, making the South Asian country suffer in critical matters.
The newly installed government has also decided against extending the tenure of NAB Chairman Justice (r) Javed Iqbal, per reports.
Justice Javed Iqbal was made NAB chairman back in 2017 for a four-year term, which ended last year and the former government decided to allow him to continue in the position until a successor was found.
Several PDM leaders including PM Shehbaz Sharif alleged Imran Khan-led government of using NAB to target opposition leaders.
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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