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IHC grants protective bail to Asif Ali Zardari in money laundering case

01:47 PM | 18 Aug, 2018
IHC grants protective bail to Asif Ali Zardari in money laundering case
ISLAMABAD - The Islamabad High Court has approved the protective bail of Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari on Saturday, in a money laundering case.

According to the details, the former president of Pakistan appeared before the court of Justice Gull Hassan Aurangzeb who heard him in the chamber and granted the bail for two weeks.

Earlier, a banking court in Karachi extended the interim bail of PPP leader Faryal Talpur till September 4 in money laundering case to the tune of Rs 35 billion.

https://twitter.com/PTVNewsOfficial/status/1030729435077664768

A session court in Karachi had declared Asif Ali Zardari and his sister Faryal Talpur absconders in the case while Omni Group Chairman Anwar Majeed along with his son Abdul Ghani were arrested from Supreme Court (SC).

Asif Ali Zardari, Faryal Talpur and their associates are alleged of laundering Rs35 billion abroad through 29 fake accounts after which, their names were placed on Exit Control List (ECL).

Hussain Lawai, chairman of Pakistan Stock Exchange, and his associates are accused of connivance in the case as the said accounts were opened in the Summit Bank and United Bank of Pakistan Limited.

FIA had prepared a report, revealing that more than 10 political personalities were allegedly involved in fictitious transactions worth Rs35 billion.

The Supreme Court of Pakistan is also investigating the case and the Chief Justice, Mian Saqib Nisar has repeatedly warned that the ill-gotten money would be investigated.

The writer is a civil servant.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
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 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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