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Avenfield case – NAB to auction Nawaz Sharif’s properties in Lahore

09:25 PM | 21 Sep, 2021
Avenfield case – NAB to auction Nawaz Sharif’s properties in Lahore

LAHORE – The National Accountability Bureau has decided to auction properties owned by former prime minister Nawaz Sharif to recover the £8m (more than Rs1 billion) fine imposed on him in the Avenfield corruption reference.

The anti-graft buster will deposit the amount, which will be generated through auction, in national exchequer.

Reports said that NAB has sought details of Nawaz Sharif’s properties sealed by the government over corruption cases.

It will sold the properties under the Land Revenue Act, 1967. Properties owned by the former prime minister in Lahore include Moza Manak (940 kanal, 2 marlas), Moza Badoki Sana (299 kanal, 12 marlas), Moza Mall (103 kanal, 6 marals), -Moza Sultankey (312 kanal, 14 marlas) and House No. 135, Upper Mall

On July 06, 2018, an accountability court jailed former prime minister Nawaz Sharif, daughter Maryam Nawaz and son-in-law Captain (r) Muhammad Safdar for 10, 7 and 1 year respectively, in Avenfield properties reference case.

The court had also imposed a fine of £8m on Nawaz Sharif.

The Flagship reference was filed by the National Accountability Bureau (NAB), claiming that that Sharif and his sons set up Flagship Investment Limited and 15 other companies to manage or acquire expensive properties and used the companies to hide their real sources of assets.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 1, 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 June 1, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 310.9 314.15
Euro EUR 330 333.3
UK Pound Sterling GBP 382.5 386.3
U.A.E Dirham AED 84.8 85.6
Saudi Riyal SAR 82.2 83
Australian Dollar AUD 201 203
Bahrain Dinar BHD 758.25 766.25
Canadian Dollar CAD 227 229.2
China Yuan CNY 40.26 40.66
Danish Krone DKK 41.04 41.44
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.45
Kuwaiti Dinar KWD 927.17 936.17
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.04 317.54
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,500 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

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 230,500  PKR 2125
Karachi PKR 230,500  PKR 2125
Islamabad PKR 230,500  PKR 2125
Peshawar PKR 230,500  PKR 2125
Quetta PKR 230,500  PKR 2125
Sialkot PKR 230,500  PKR 2125
Attock PKR 230,500  PKR 2125
Gujranwala PKR 230,500  PKR 2125
Jehlum PKR 230,500  PKR 2125
Multan PKR 230,500  PKR 2125
Bahawalpur PKR 230,500  PKR 2125
Gujrat PKR 230,500  PKR 2125
Nawabshah PKR 230,500  PKR 2125
Chakwal PKR 230,500  PKR 2125
Hyderabad PKR 230,500  PKR 2125
Nowshehra PKR 230,500  PKR 2125
Sargodha PKR 230,500  PKR 2125
Faisalabad PKR 230,500  PKR 2125
Mirpur PKR 230,500  PKR 2125

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