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‘Corruption is cancer’: NAB chief vows to bring plundered money back to Pakistan

04:25 PM | 23 Dec, 2018
‘Corruption is cancer’: NAB chief vows to bring plundered money back to Pakistan
ISLAMABAD – The chairman of National Accountability Bureau (NAB), Justice (r) Javed Iqbal has expressed his resolve to uproot the cancer of corruption from Pakistan, a press release said on Sunday.

The NAB chief added that the recent Gallup and Gillani survey declared that 59 percent of Pakistanis expressed their satisfaction over the anti-corruption watchdog’s performance while the country is occupying 107th position from out of 140 countries in the World Economic Forum’s Corruption Perception Index.

The retired judge went on to say that everybody in Pakistan wants an end to corruption. But, he said, the only solution to eliminate corruption is self-accountability. “If we avoid nepotism and bribes while following the principle of self-accountability, it will not only bring down corruption but will also help realise the dream of ‘corruption-free’ Pakistan,” he continued.

The anti-graft body has also taken anti-money laundering measures, Iqbal said, vowing all the money plundered through corruption will be brought back to the country according to the laws.

The statement also quoted the NAB chief saying that a 10-month period has been fixed for the process of completing complaint verification to filing a corruption reference in the accountability court.

He also stressed that it is the Bureau’s priority to take the mega corruption cases to their logical conclusion and to transfer low magnitude cases to other anti-corruption departments so that the cases of all nature could be disposed of within 10 months prescribed time frame.

The NAB chief informed that 105 out of total 179 corruption cases have been filed in various accountability courts and a total of 1,210 case of corruption, amounting to Rs900 billion, are currently under trial.

The NAB had deposited record Rs297 billion in national exchequer after recovering from the corrupt people.

He stated that the Bureau believes in investigating white collar corruption through scientific methods, which include collecting documentary evidences.

Javed Iqbal also informed that the NAB has established a separate cell for solving the issues of Pakistan’s business community.

Daily Pakistan Global Web Desk


PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
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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