ISLAMABAD – The Islamabad High Court (Wednesday) dropped a corruption case related to construction of Narowal Sports City against PML-N leader and Planning Minister Ahsan Iqbal as National Accountability Bureau (NAB) failed to submit valid evidence against him.
The anti-graft buster initiated a corruption case against the 63-year-old politician in 2018, a day after the project was inaugurated the then president Mamnoon Hussain. He was also arrested in 2019 while an accountability court indicted him in 2020.
NAB had been claimed that the minister for planning, development, and special initiatives illegally started the project of Rs3 billion in Narowal which caused a loss worth billions to the national exchequer.
Iqbal misused his authority by illegally enhancing the scope of the project from Rs34.75 million to Rs2,994 million approximately, the anti-corruption watchdog alleged.
However, the PML-N stalwart had always denied all the allegations and had moved ICH to have the graft reference against him dismissed.
During today’s hearing, IHC Chief Justice Athar Minallah also reprimanded the NAB prosecutor for not presenting solid evidence against the political leader in the case.
When the prosecutor told court the project had benefited the people in Ahsan Iqbal’s constituency, the chief justice remarked if it is crime to benefit the constituents.
After hearing the arguments, the high court dropped the corruption case against Ahsan Iqbal over lack of evidence against him.
ISLAMABAD – Pakistani rupee remained stable against the US dollar as the market is looking for direction amid Pakistan’s ongoing negotiations with the International Monetary Fund (IMF).
Amid the economic uncertainty, the local currency remained unchanged against the greenback, moving up 0.01 percent during the opening hours of trading. Before noon, PKR was hovering at 285.40 in the interbank.
In contrast to the inter-bank, the dollar continued its upward trajectory in the open market and is reportedly available at Rs315, as the gap between the official rate and open market rate is Rs30 per dollar.
As the money market is waiting for a positive development from the economic front, International Monetary Fund (IMF) Mission Chief to Pakistan said they continued engagement with Islamabad focusing on the restoration of foreign exchange proper market functioning, with special on the upcoming budget.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,700 on Tuesday.The price of 10 grams of 24k gold was recorded at Rs199,510.
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.
|Lahore||PKR 232,700||PKR 2,500|
|Karachi||PKR 232,700||PKR 2,500|
|Islamabad||PKR 232,700||PKR 2,500|
|Peshawar||PKR 232,700||PKR 2,500|
|Quetta||PKR 232,700||PKR 2,500|
|Sialkot||PKR 232,700||PKR 2,500|
|Attock||PKR 232,700||PKR 2,500|
|Gujranwala||PKR 232,700||PKR 2,500|
|Jehlum||PKR 232,700||PKR 2,500|
|Multan||PKR 232,700||PKR 2,500|
|Bahawalpur||PKR 232,700||PKR 2,500|
|Gujrat||PKR 232,700||PKR 2,500|
|Nawabshah||PKR 232,700||PKR 2,500|
|Chakwal||PKR 232,700||PKR 2,500|
|Hyderabad||PKR 232,700||PKR 2,500|
|Nowshehra||PKR 232,700||PKR 2,500|
|Sargodha||PKR 232,700||PKR 2,500|
|Faisalabad||PKR 232,700||PKR 2,500|
|Mirpur||PKR 232,700||PKR 2,500|
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