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Railways audit report shows no corruption during my tenure, Saad Rafique tells SC

09:36 AM | 26 Dec, 2018
Railways audit report shows no corruption during my tenure, Saad Rafique tells SC
LAHORE - A lawyer of former railways minister Khawaja Saad Rafique on Wednesday told the Supreme Court that an audit report on Pakistan Railways' finances during his client's tenure confirmed that there had been no corruption or irregularities in it.

A three-member bench headed by Chief Justice of Pakistan Mian Saqib Nisar was hearing a suo motu case pertaining to monetary losses suffered by Pakistan Railways during Rafique's tenure.

The former minister, who is in the custody of the National Accountability Bureau (NAB) since November 11 in the Paragon Housing Society case, was also brought to the court to attend the hearing.

During the hearing, the chief justice remarked: "But were there losses".

The counsel replied that these are not losses but a pending deficit being faced by the state-owned company for the past 65 years.

The apex court has ordered the auditor general and federal government to submit their replies to Rafique's response and adjourned the hearing.

Addressing the court, the minister said that the federal government paid Rs58 million in the wake of pension before his term, adding that the department, during his tenure, itself paid Rs21m as pensions.

"At least appreciate this," he asked the chief justice, to which the top judge remarked that he would be hailed when the matter is resolved.

The suo motu case was initiated in April this year over alleged Rs60 billion corruption in the Pakistan Railways.

A probe report submitted to the apex court on April 28 revealed that losses of the railways stand at Rs40 billion.

On Dec 17, the National Accountability Bureau (NAB) had started a new investigation against the former railway minister for purchasing engines of trains at the exorbitant price.

Sources said that the train engines which were bought by India at the cost of Rs250 million, Saad Rafique purchased the same at the price of Rs400 million.



PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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