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Lahore court acquits PM Shehbaz, Hamza in money laundering case

02:01 PM | 20 Jul, 2023
Lahore court acquits PM Shehbaz, Hamza in money laundering case
Source: File Photo

LAHORE – An accountability court in the Punjab capital on Thursday acquitted Prime Minister Shehbaz Sharif, his son Hamza Shahbaz and others in Rs7 billion money laundering case. 

Accountability Judge Qamar-ul-Zaman announced the verdict in the case in which Nusrat Shehbaz, Suleman Shehbaz, Rabia Shehbaz and others were nominated. 

The court has accepted the acquittal pleas of all suspects but issued arrest warrants for Rabia Shehbaz for skipping the hearings. 

The development comes months after the prime minster and others were declared “innocent” by the National Accountability Bureau (NAB) after completing investigation in references related to assets beyond means and money laundering involved Rs7 billion. 

The anti-graft watchdog submitted its report to the court. Earlier, all the suspects had been declared guilty by NAB in the Rs7 billion references, claiming that their assets held by the Shehbaz family swelled from Rs2 million to Rs7 billion. 

The investigation was launched against PM Shehbaz, his wife Nusrat Shehbaz, sons Hamza and Suleman Shehbaz, and daughters Rabia Imran and Javeria Ali in the references after 177 suspicious transaction of the family were detected. 

The Shehbaz family has been rejecting the allegations.


Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
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
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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