Was Nawaz Sharif really forbidden from speaking at Davos due to corruption?

Haider Ali 01:01 PM | 25 Jan, 2017
Was Nawaz Sharif really forbidden from speaking at Davos due to corruption?
DAVOS - Prime Minister Nawaz Sharif was not barred from speaking at World Economic Forum owing to the ongoing investigations against him in Pakistan, it has been learnt.

As soon as the prime minister landed back in Pakistan after attending the prestigious World Economic Forum, a succession of rumours was launched suggesting that he was not allowed to speak at the forum due to his alleged involvement in mega corruption scandals.

However, according to the details available with Daily Pakistan, there is no truth to these rumours and Nawaz Sharif's alleged corruption never came under discussion in the context of the summit. There were two Pakistanis who were a part of the organising committee, namely Ikram Saigol and Shameer Obaid - neither pushed for the Prime Minister's speech. The reports that he was explicitly forbidden from speaking are not reliable. However, the lack of significant push by Pakistani diplomats and members in organising committee can be seen as a diplomatic failure.

Even if the premier had spoken at the forum, the speech of Prime Minister Nawaz Sharif would have been merely a ceremonial address as only 20 of the world leaders from 80 different countries took the floor for the same purpose.

Another rumour is giving an impression that the premier was not even invited to the global meeting. The baseless rumour is not substantiated by evidence rather Daily Pakistan has received the invitation letter that was sent to the PM.


Interestingly, Nawaz Sharif and Raheel Sharif stayed in the same hotel but they did not hold any formal or informal meeting.

Premier Nawaz Sharif meeting Ali baba's founder Jack Ma

On the other hand, the premier met top chief executives including Bill gates of Microsoft and Jack Ma of Ali Baba and the meetings were successful as Ali Baba firm showed its willingness to invest in Pakistan.

Prime minister Nawaz Sharif during meeting with Microsoft's founder Bill Gates

President of Swiss Confederation Doris Leuthard also called on Nawaz Sharif on the sidelines of World Economic Forum.

The details quash the propaganda campaign that Nawaz Sharif was intentionally barred by the management of WEF owing to his alleged financial wrongdoings.

His consultation with tech giants over boosting Pakistan's economic progress hints at the success of his official five-day tour and reports suggesting that he was not allowed to speak on the forum were utterly baseless, as reported by a leading daily.

Haider Ali

The writer is a civil servant.


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 31, 2023

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 March 31, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.8 286.6
Euro EUR 306 309
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 79.9
Saudi Riyal SAR 75.6 76.4
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.

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 208,200 PKR 2,470
Karachi PKR 208,200 PKR 2,470
Islamabad PKR 208,200 PKR 2,470
Peshawar PKR 208,200 PKR 2,470
Quetta PKR 208,200 PKR 2,470
Sialkot PKR 208,200 PKR 2,470
Attock PKR 208,200 PKR 2,470
Gujranwala PKR 208,200 PKR 2,470
Jehlum PKR 208,200 PKR 2,470
Multan PKR 208,200 PKR 2,470
Bahawalpur PKR 208,200 PKR 2,470
Gujrat PKR 208,200 PKR 2,470
Nawabshah PKR 208,200 PKR 2,470
Chakwal PKR 208,200 PKR 2,470
Hyderabad PKR 208,200 PKR 2,470
Nowshehra PKR 208,200 PKR 2,470
Sargodha PKR 208,200 PKR 2,470
Faisalabad PKR 208,200 PKR 2,470


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