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Sharjeel Memon, accomplices arrested in Rs5.76 billion corruption case

Haider Ali 05:16 PM | 23 Oct, 2017
Sharjeel Memon, accomplices arrested in Rs5.76 billion corruption case
KARACHI - PPP's leader and former Sindh minister Sharjeel Inam Memon was arrested from the Sindh High Court (SHC) after his bail plea in a graft case was rejected on Monday.

Earlier in the day, SHC Chief Justice of Justice Ahmed Ali Shaikh dismissed the request of Memon and his 12 accomplices in a case of Rs5.76 billion corruption in information ministry, ordering their immediate arrest.

Following the orders, contingents of Rangers arrived outside the courtroom to implement the orders of the provincial high court.

The former information minister was taken into custody by the officials of National Accountability Bureau (NAB) as he reached the court.

Memon along with suspects have been accused of corruption worth Rs5.76 billion in the award of advertisements of the Sindh government’s awareness campaigns in the electronic media.

It was alleged that advertising agencies suppressed the invoices issued by the media and showed much higher amounts, while as per settled practice, advertising agencies were entitled to get only 15 percent agency commission against the total bill.

The reference filed by National Accountability Bureau said that Evernew Concepts (Pvt) Ltd was paid Rs4,154,585,676, Orient Communication Rs320,062,994, Adarts Karachi Rs317,338,970, Connect Marketing Rs310,474,132, Value Added Marketing Rs205,827,587, Xnine Communications Rs374,546,739 and Insync Advertisement was paid Rs83, 643,668.

Memon, who served as Sindh information minister till 2015, returned to Pakistan in March this year after ending his nearly two-year-long self-imposed exile, was arrested on his arrival by NAB but later obtained bail.

The other accused in the case include former Sindh Information Secretary Zulfiqar Ali Shalwani, officials of the information department and members of private advertising agencies.

Haider Ali

The writer is a civil servant.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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.

City Gold Silver
Lahore PKR 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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