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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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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
 
76.2
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
 
1.94
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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