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Shehbaz Sharif, son Hamza summoned in money laundering case

06:44 PM | 18 Sep, 2021
Shehbaz Sharif, son Hamza summoned in money laundering case

LAHORE – A court has summoned PML-N president Shehbaz Sharif and his son Hamza Shehbaz in a money laundering case.

During the hearing, the Federal Investigation Agency (FIA) has filed a petition before Judicial Magistrate Kamran Zafar, seeking permission to record the statement of 26 accused people in the case. The magistrate said that the statements will be recorded in the country.

On the other hand, the PML-N president and his son did not appear in the court due to their personal engagements.

On September 16, the PML-N leaders and other suspects appeared before the accountability court while Shehbaz’s wife Nusrat attended the hearing through her counsel.

The court had directed her to appear through a representative to initiate indictment proceedings against her. Both Shehbaz and Hamza have already been indicted.

The National Accountability Bureau (NAB) has accused Shehbaz Sharif of money laundering and holding assets beyond the known sources of income.

The anti-graft buster claimed that the Shehbaz’s family held assets of Rs14.8 million in 1998 and they swelled to 7,328 million in 2018.

The amount is “disproportionate to known sources of income and for which neither the accused nor his other family members/benamidars could reasonably account for,” NAB said. 

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 2 March 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 2, 2024 (Saturday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 2, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 27.13 27.43
Swedish Korona SEK 314.07 316.57
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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