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UK court orders Dubai’s ruler to pay ex-wife over $700 million in divorce settlement

10:45 PM | 21 Dec, 2021
UK court orders Dubai’s ruler to pay ex-wife over $700 million in divorce settlement

LONDON – Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, has been ordered by a court in the United Kingdom to provide his estranged wife and their children at least 554 million pounds ($734 million) to settle a custody battle.

A judge of the High Court in London ordered him to pay Princess Haya Bint al-Hussein, half-sister of Jordan's King Abdullah, 251.5 million pounds within three months to cover security and lost items like jewelery and clothing.

He must also make annual payments of around 11 million pounds toward costs for his children while they are in education, which will be secured by a 290 million-pound bank guarantee, Al Jazeera quoted the ruling as saying.

Judge Philip Moor said that the compensation would provide Princess Haya with a “clean break” from the Dubai’s ruler following their divorce.

The judge said: “She is not asking for an award for herself other than for security” and to compensate her for the possessions she lost due to divorce.

The sheikh said in a statement that he “has always ensured that his children are provided for.”

During the case, Princess Haya revealed that she was “under siege,” and that the sheikh’s surveillance of her “could not be more intrusive and distressing”.

Princess Haya said during the hearing that her reliance on periodical payments would put “incredible additional pressure” on the family because they will “be living always under the shadow of possible litigation.”

The judge acknowledged the “truly opulent and unprecedented standard of living enjoyed by these parties in Dubai” and said he had to reach “a conclusion as to what is reasonable while remembering that the exceptional wealth and remarkable standard of living enjoyed by these children during the marriage takes this case entirely out of the ordinary.”

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 27, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 27, 2023 (Monday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.1 286.15
Euro EUR 304 307
UK Pound Sterling GBP 345.5 349
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 751.6 759.6
Canadian Dollar CAD 205 207.2
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.31 41.71
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 923.62 932.61
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 177.56 179.56
Norwegians Krone NOK 26.33 23.64
Omani Riyal OMR 731.97 739.97
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.97 311.47
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 27 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs175,590.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 204,800 PKR 2,470
Karachi PKR 204,800 PKR 2,470
Islamabad PKR 204,800 PKR 2,470
Peshawar PKR 204,800 PKR 2,470
Quetta PKR 204,800 PKR 2,470
Sialkot PKR 204,800 PKR 2,470
Attock PKR 204,800 PKR 2,470
Gujranwala PKR 204,800 PKR 2,470
Jehlum PKR 204,800 PKR 2,470
Multan PKR 204,800 PKR 2,470
Bahawalpur PKR 204,800 PKR 2,470
Gujrat PKR 204,800 PKR 2,470
Nawabshah PKR 204,800 PKR 2,470
Chakwal PKR 204,800 PKR 2,470
Hyderabad PKR 204,800 PKR 2,470
Nowshehra PKR 204,800 PKR 2,470
Sargodha PKR 204,800 PKR 2,470
Faisalabad PKR 204,800 PKR 2,470
Mirpur PKR 204,800 PKR 2,470

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