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FIA summons Gen Bajwa's close relative in money-laundering case

09:35 PM | 20 Oct, 2023
FIA summons Gen Bajwa's close relative in money-laundering case
Source: File photo

LAHORE – The Federal Investigation Agency (FIA) has summoned a close relative of former army chief General Qamar Javed Bajwa in a money-laundering case. 

According to a notification issued by the FIA, Sabir Hameed aka Sabir Mithu has been summoned in connection with “an ongoing criminal investigation on the allegation of high volume of suspicious transactions into your bank accounts contrary to the declared business profile”.

Gen Bajwa's son is married to Mithu's daughter. 

According to the FIA, Sabir Mithu has been summoned on October 23 under the Money Laundering Act and call up notices have been delivered at his all three residences.  The FIA notice says that Sabir Mithu owns 19 bank accounts, 14 Pakistani and 5 foreign, and Rs5.34 billion transactions have been made into these accounts. 

The FIA has also asked Sabir Mithu to bring the record of the countries he visited, the records of his offshore companies as well as Shell Companies. The FIA has also asked Sabir Mithu to provide details of his properties inside Pakistan and abroad, cars and the record of sale and purchase of the foreign currencies. 

Sabir Mithu has also been asked to submit the record of the Pakistani currency and foreign currencies he and his family members declared at the airports. In case of non-compliance, strict action will be taken against Sabir Mithu, the notice says. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
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 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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