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NAB files another reference against Fawad Hasan Fawad

07:40 PM | 18 Mar, 2019
NAB files another reference against Fawad Hasan Fawad
ISLAMABAD - The National Accountability Bureau (NAB) filed a second corruption reference against former principal secretary to the ex-prime minister, Nawaz Sharif.

The latest reference filed by the Lahore bureau against Fawad Hasan Fawad pertains to alleged accumulation of assets beyond known sources of income.

In the fresh reference, it is alleged that Fawad collected Rs1.09 billion worth of illegal assets, including a five kanal commercial plot in Rawalpindi's Saddar area valued at around Rs50 million.

The top bureaucrat has been alleged to have shares in a 15-storey commercial plaza located in the same area valued at around Rs3.085bn.

The corruption watchdog stated that the inquiry against Fawad was converted into an investigation on Oct 12 last year and on March 15, NAB Chairman Javed Iqbal had given his approval, following which the reference has been filed against him.

According to Director General (DG) NAB Lahore Shahzad Saleem, the NAB chairman is following the bureau's adopted policy of across the board accountability.

Fawad Hassan Fawad, the former principal secretary to Nawaz Sharif, is already named in Rs14 billion Ashiyana-i-Iqbal housing scam. He is one of the co-accused in the case alongside former Punjab chief minister Shahbaz Sharif though the politician was able to secure bail from the Lahore High Court.

According to accountability watchdog, Fawad, while serving as implementation secretary to the Punjab chief minister in the Ashiana-i-Iqbal Housing project, had misused his authority.

The Grade-22 officer of the prestigious Pakistan Administrative Service (PAS) was arrested in July 2018 and still remains behind bars.

Daily Pakistan Global Web Desk

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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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