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Accountability court resumes hearing of Ishaq Dar's graft case today

09:24 AM | 26 Jan, 2018
Accountability court resumes hearing of Ishaq Dar's graft case today
ISLAMABAD - An accountability court on Friday resumed hearing of a corruption case against former finance minister Ishaq Dar.

Judge Mohammad Bashir is hearing the case filed by the National Accountability Bureau (NAB) against the minister for possessing assets beyond the known sources of income in wake of the Panamagate verdict by the Supreme Court.

At the last hearing, the court recorded statements of three prosecution witnesses and it also has summoned more witnesses to record their statements.

Dar is staying in London for medical treatment since October last year, shunning the court proceedings. He has also been declared proclaimed offender by the court.

Hajvery Trust Case

On Jan 24, the NAB court ordered to partially reopen the frozen bank accounts of former finance minister Ishaq Dar's welfare organisation, the Hajvery Trust.

https://en.dailypakistan.com.pk/pakistan/accountability-court-reserves-verdict-on-dars-plea-to-reopen-bank-accounts/

IHC Orders

On Wednesday, an IHC division bench comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb dismissed a petition filed by Ishaq Dar against the issuance of his proclamation and initiation of ex parte proceedings by the accountability court.

Proclaimed Offender

The accountability court declared former finance minister Ishaq Dar a proclaimed offender in a corruption case regarding possession of assets beyond means.

Judge Mohammad Bashir had announced the decision after the former finance minister did not attend the court hearings continuously as he is in London for medical treatment. He has skipped the last six hearings of the case.

Indictment

On September 27, the former finance minister had been indicted for possessing assets beyond his known sources of income.

Dar had rejected the allegations levelled by the National Accountability Bureau (NAB) in its reference prepared following the orders of the Supreme Court in its July 28 verdict in Panamagate case.

NAB Reference

According to the NAB reference, the accused had acquired assets and pecuniary interests/resources in his name or in the name of his dependents of an approximate amount of Rs831.678 million as per the investigation conducted so far.

The assets are disproportionate to his known sources of income for which he could not reasonably account for, the reference said.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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