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NAB Chief orders to accelerate pending inquiries for recovery of embezzled Rs900 billion

12:24 PM | 26 Dec, 2017
NAB Chief orders to accelerate pending inquiries for recovery of embezzled Rs900 billion
ISLAMABAD - National Accountability Bureau Chairman Justice (r) Javed Iqbal directed the regional offices of the accountability watchdog to speed up the investigations against the corruption-accused individuals so that the embezzled money estimated to the tune of Rs900 billion could be recovered.

The NAB chief issued the directives on Tuesday while chairing a high-profile meeting of officials at the bureau's headquarter in Islamabad, where he was apprised of the pending inquiries regarding corruption and the progress made in this regard.

Justice (r) Javed Iqbal was informed that 499 inquiries while 287 investigations were underway in different regional offices of the anti-corruption regulator to which he sought replies as to why the NAB procedure ensuring completion of investigations within a span of ten months was not followed, so references could be subsequently filed in the accountability courts.

According to a communique issued, the NAB chief was briefed that a total of 1138 references were under scrutiny by different accountability courts including 347 references filed by NAB Lahore office, 275 by Karachi bureau, 185 by Khyber Pakhtunkhwa region, 97 by Balochistan, 171 by Rawalpindi, 34 by Multan and 29 by Sukkur office of the anti-graft watchdog.

Justice (r) Javed Iqbal instructed the NAB officials to move applications in the accountability courts seeking early hearing of the corruption references so that the ill-gotten money calculated to be around 900 Billion could be recovered and deposited in the national exchequer besides ensuring punishment for the individuals found guilty of corruption on the basis of tangible evidence.

The writer is a civil servant.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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