ISLAMABAD – Ousted Pakistani prime minister Nawaz Sharif approached Islamabad High Court (IHC) to revive appeals against his conviction in the Avenfield and Al-Azizia references.
Media reports suggested that Islamabad High Court accepted Sharif's petition, granting him protective bail.
Five years back, PML-N supremo was handed sentence in the Avenfield properties corruption reference for owning assets beyond known income and one year for not cooperating with the anti-graft watchdog.
His pleas were filed by former law minister Azam Tarar and advocate Amjad Parvez. The PML-N chief, in his petition, stated that appeals against Sharif's sentence be reinstated with the previous court proceedings and should be decided as per merit.
It further maintained that the court dismissed PML-N supremo’s appeals for non-compliance two years back in wake of his stay in the United Kingdom.
PML-N leader maintained that he never took advantage of the bail granted to him in all the cases, justifying his absence from the court was not deliberate or due to malice.
The 73-year-old said he had not fully recovered from the disease but decided to return after witnessing the deteriorating economic conditions of Pakistan.
Sharif's plea is likely to be heard on Tuesday by a division bench of Islamabad High Court.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.
Globally, yellow metal went up by $12 to settle at $2,015 per ounce.
Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.
|Lahore||PKR 217,600||PKR 2,600|
|Karachi||PKR 217,600||PKR 2,600|
|Islamabad||PKR 217,600||PKR 2,600|
|Peshawar||PKR 217,600||PKR 2,600|
|Quetta||PKR 217,600||PKR 2,600|
|Sialkot||PKR 217,600||PKR 2,600|
|Attock||PKR 217,600||PKR 2,600|
|Gujranwala||PKR 217,600||PKR 2,600|
|Jehlum||PKR 217,600||PKR 2,600|
|Multan||PKR 217,600||PKR 2,600|
|Bahawalpur||PKR 217,600||PKR 2,600|
|Gujrat||PKR 217,600||PKR 2,600|
|Nawabshah||PKR 217,600||PKR 2,600|
|Chakwal||PKR 217,600||PKR 2,600|
|Hyderabad||PKR 217,600||PKR 2,600|
|Nowshehra||PKR 217,600||PKR 2,600|
|Sargodha||PKR 217,600||PKR 2,600|
|Faisalabad||PKR 217,600||PKR 2,600|
|Mirpur||PKR 217,600||PKR 2,600|