Chairman NAB, FIA both failed to perform their duties - Supreme Court
In early September, Imran Khan led a huge rally in the provincial capital and announced his decision to stage a massive gathering in Raiwind on September 30.
Meanwhile, Speaker of National Assembly Ayyaz Sadiq also dismissed disqualification references against Prime Minister Nawaz Sharif but forwarded references against Imran Khan and Jahangir Tareen to Election Commission.
On October 20, 2016, the Supreme Court took up petitions by Pakistan Tehreek-e-Insaf, Jamaat-e-Islami, Jamhoori Watan Party and others for hearing in an open court.
Imran Khan who vowed to lock down the capital on November 2 announced that he was calling off the protest after the court issued notices to Premier Nawaz Sharif and others.
On November 3, the apex court declared the petitions maintainable and announced a single-member commission to probe into he Panama Leaks.
As a consequence, the proceedings started in the Supreme Court and PTI presented their arguments before the three-member bench comprising Chief Justice Anwar Zaheer Jamali, Justice Ijazul Hassan and Justice Khilji Arif Hussain.
On November 15, the ruling Sharif family submitted a letter by Qatari prince Jasim which suggested that the London flats were purchased through a joint investment done by Nawaz Sharif's father, the late Mian Shareef.
On December 9, the apex court adjourned the hearing till January due to the retirement of Chief Justice Anwar Zaheer Jamali.
Pakistan Tehreek-e-Insaf changed their lawyer from Hamid Khan to Naeem Bukhari, while Akram Sheikh represented Sharif children's. Nawaz Sharif himself was defended by Makhdoom Ali Khan.
On January 6, a new five-member bench headed by Asif Saeed Khosa and comprising Justice Ejaz Afzal Khan, Justice Gulzar Ahmed, Justice Sheikh Azmat Saeed and Justice Ejaz ul Ahsan ordered Sharif family to submit the money trail for their offshore properties and businesses.
During the last week of January, Sharif family submitted the money trail including another Qatari letter, affidavit of Tariq Shafi, Dubai and Azizia factory sale receipt, Hudaibia paper mills audit report and other documents.
After scores of proceedings, the apex court completed its proceedings on February 23 and announced that they had reserved the judgment.
“We will decide this case only by the law, in such a way that 20 years down the line, people will be able to say that this judgment was made by the book,” Justice Khosa said.
The judgement remained reserved for an extended period and on April 18, the cause list issued by Supreme Court revealed that the historic judgment would be announced on Thursday April 20 at 2 PM after a gap of 57 days.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|