Earlier today, Shoaib Sheikh appeared in Sindh High Court and submitted an application seeking protective bail in a case of bogus degree scandal, local media reported.
Accompanied by his lawyers, Sheikh appeared before Justice Ali Shiekh and submitted his application in the court.
The scam is being investigated by Federal Investigation Agency (FIA) on the directives of Federal Interior Minister Chaudhry Nisar Ali Khan.
Last week, a New York Times report revealed that a Pakistani IT firm is involved in a worldwide scam of selling fake degrees making millions of dollars at the cost of country's reputation.
Authored by Declan Walsh, former Islamabad bureau chief of the US-based paper, the NYT report said that the company operates from Karachi, where it employs over 2,000 people and calls itself Pakistan’s largest software exporter, with Silicon Valley-style employee perks like a swimming pool and yacht.
The report said the company does sell some software applications but according to former insiders, company records and a detailed analysis of its websites, its main business has been to take the centuries-old scam of selling fake academic degrees and turn it into an Internet-era scheme on a global scale.
Sarfraz Ali is working as Editor Web for Daily Pakistan. He earned a postgraduate degree in Mass Communication from IUB and diploma in International Print Journalism from Thomson Foundation UK. He regularly writes on ...
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 5, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 280.9 | 284.25 |
Euro | EUR | 299 | 302 |
UK Pound Sterling | GBP | 335 | 338 |
U.A.E Dirham | AED | 75.14 | 75.44 |
Saudi Riyal | SAR | 73.55 | 73.85 |
Australian Dollar | AUD | 192 | 194 |
Bahrain Dinar | BHD | 712.72 | 720.72 |
Canadian Dollar | CAD | 205 | 207 |
China Yuan | CNY | 39.67 | 40.07 |
Danish Krone | DKK | 39.33 | 39.73 |
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 | 878 | 887 |
Malaysian Ringgit | MYR | 62.83 | 63.43 |
New Zealand Dollar | NZD | 173.25 | 175.25 |
Norwegians Krone | NOK | 26.79 | 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 205,300 on Sunday. The price of 10 grams of 24k gold was recorded at Rs176,010.
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 205,300 | PKR 2,360 |
Karachi | PKR 205,300 | PKR 2,360 |
Islamabad | PKR 205,300 | PKR 2,360 |
Peshawar | PKR 205,300 | PKR 2,360 |
Quetta | PKR 205,300 | PKR 2,360 |
Sialkot | PKR 205,300 | PKR 2,360 |
Attock | PKR 205,300 | PKR 2,360 |
Gujranwala | PKR 205,300 | PKR 2,360 |
Jehlum | PKR 205,300 | PKR 2,360 |
Multan | PKR 205,300 | PKR 2,360 |
Bahawalpur | PKR 205,300 | PKR 2,360 |
Gujrat | PKR 205,300 | PKR 2,360 |
Nawabshah | PKR 205,300 | PKR 2,360 |
Chakwal | PKR 205,300 | PKR 2,360 |
Hyderabad | PKR 205,300 | PKR 2,360 |
Nowshehra | PKR 205,300 | PKR 2,360 |
Sargodha | PKR 205,300 | PKR 2,360 |
Faisalabad | PKR 205,300 | PKR 2,360 |
Mirpur | PKR 205,300 | PKR 2,360 |
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