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Imran Khan fails to provide complete financial record in Supreme Court

07:25 PM | 22 Jul, 2017
Imran Khan fails to provide complete financial record in Supreme Court
ISLAMABAD - Pakistan Tehreek-e-Insaf (PTI) Chairperson Imran Khan’s counsel has submitted to the Supreme Court details of his flat in London and cricket contracts, defending him in the foreign funding case. He failed to provide a comprehensive history of his finances to the Supreme Court.

Khan, in a written reply to the SC, admitted that he had not been able to procure all documents required to substantiate how he came to own assets held in London. Naeem Bukhari, Khan's counsel, submitted the PTI chief's reply in court.

The reply stated that Khan had played county cricket for the Worcestershire County Cricket Club (from 1971) and Sussex County Cricket Club from 1977 to 1988. It said both clubs do not keep records for more than twenty years, which is why the record of his employment and the money Khan made during his association with the team was missing from statements he submitted before the court.

The reply further stated that the flat in London was mortgaged in 1984 and an initial payment was made for 61,000 pounds sterling against the total cost of the flat, which was worth 117,500 pounds. The flat's mortgage was to last 20 years, but was settled in 1989 (within 68 months) after Khan completed all payments due.

The reply further stated that Khan had financed the mortgage from money he received from Sussex and the Kerry Packer cricket series, while money he received for playing for the New South Whales cricket team in Australia (years 1984-1985) was used to finance interest payments on the mortgage.

"The money I made abroad was through legal means and there was no money laundering involved," Khan said in his written reply.

On July 13, the SC directed the PTI chairman to submit financial details for his London flat by July 25.

The SC's registrar office, on July 21, had also sent Imran Khan a notice for not submitting documents that the court had called for.

Chief Justice Mian Saqib Nisar had earlier commented on the matter, saying: "People who call others thieves should be able to provide their own financial details in court."

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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