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Broadsheet pays Rs4.5 million to Sharif family after withdrawing petition against Avenfield apartments

05:41 PM | 23 Feb, 2021
Broadsheet pays Rs4.5 million to Sharif family after withdrawing petition against Avenfield apartments

LONDON – Broadsheet LLC, a UK-based asset recovery firm hired by Pakistani government to trace and recover assets stashed by citizens in abroad, has paid around Rs4.5 million to the Sharif family in a lawsuit related to Avenfield apartments, it emerged on Tuesday.

Legal representatives of Sharifs and the firm has confirmed the development.

Broadsheet made a payment of £20,000 to the Sharif family as a legal cost after it withdrew a petition from the English High Court for seizure and sale of four Avenfield Apartments in the Broadsheet vs Pakistan/National Accountability Bureau (NAB) case, Geo News reported.

The UK firm was hired by Pakistan during the tenure of former president Pervez Musharraf in 1999 to recover assets from 170 Pakistanis with chief target former prime minister Nawaz Sharif and his family. However, the deal ended up costing Pakistan more thatn $65 million while no assets of Sharifs were recovered.  

Filed in June 2020, Broadsheet withdrew the case in December 2020 from the High Court whereas the Court issued an order on the same day discharging the Avenfield Apartments from any future proceedings.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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