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Mohsin Naqvi opens up about wife's properties in Dubai and UK

11:35 PM | 16 May, 2024
Mohsin Naqvi
Source: File photo

Following the uproar caused by property disclosures under the "Dubai Unlocked" project, Pakistan's Interior Minister Mohsin Naqvi revealed that all properties, owned by him and his wife for over a decade, were duly declared to relevant authorities, asserting that there was nothing new in the leaked records.

Naqvi, who holds multiple portfolios including Minister for Narcotics Control, Chairman of the Pakistan Cricket Board (PCB), and a senator, disclosed that his wife possessed properties not only in Dubai but also in the United Kingdom (UK) for many years. He addressed the Dubai leaks during a press conference in Lahore, criticising the portrayal of property ownership via illegal means and emphasizing the importance of reporting without creating misleading impressions.

The Dubai Unlocked project by OCCRP uncovered data on numerous Pakistanis, including retired military officials, bankers, bureaucrats, and others, owning properties in upscale Dubai areas.

Naqvi clarified that he was not a public officeholder a decade ago but owned multiple properties, easily verifiable through records submitted to the Election Commission of Pakistan (ECP). He defended the legitimacy of his investments, rejecting insinuations of undisclosed income sources.

Expressing dismay over the targeting of specific individuals in the leaks, Naqvi demanded an investigation into undisclosed foreign properties and illegitimate possessions. He lamented the trend of labeling successful entrepreneurs as thieves and criticized the negative portrayal of business endeavors in Pakistan.

Despite facing criticism, Naqvi affirmed his commitment to delivering services with a positive outlook. Responding to remarks made by KP CM Ali Amin Gandapur regarding the possible takeover of state-owned institutions, Naqvi emphasized the need for sensible discourse and warned against any unlawful actions.

Regarding the situation in Azad Jammu and Kashmir (AJK), Naqvi highlighted the allocation of funds worth Rs23 billion to the region's government. He addressed criticism for not visiting AJK, citing constitutional provisions under the 18th Amendment.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pak Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 25, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 348.5 for buying, and 351.45 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal at 72.95.

Currency Rates in Pakistan

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.65
Euro EUR 293.5 297.2
UK Pound Sterling GBP 348.5 351.45
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 72.95 73.85
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.58 748.58
Canadian Dollar CAD 203 205
China Yuan CNY 38.35 38.75
Danish Krone DKK 39.91 40.31
Hong Kong Dollar HKD 35.67 36.02
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.74 916.74
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.38 172.38
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.26 731.26
Qatari Riyal QAR 76.5 77.2
Singapore Dollar SGD 72.95 73.85
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 311.53 314.03
Thai Bhat THB 7.58 7.73

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