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NAB recovers Rs297b looted money from corrupt elements

12:55 AM | 26 Nov, 2018
NAB recovers Rs297b looted money from corrupt elements
ISLAMABAD - National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal has said that eradication of corruption is the topmost priority of NAB.

"NAB is committed to eradicating corruption by adopting “Accountability for All” policy across, and It was established to recover looted money from corrupt and deposit it in national exchequer. This was stated by Honourable Justice Mr Javed Iqbal, Chairman NAB in his statement.

He said that NAB since its inception has recovered 297 billion and only 10 billion were spent on the operational; cost which is a record achievement. He said that NAB has filed 1,209 corruption references in the respective Accountability Courts which are under trial in respective accountability courts and NAB’s overall conviction ratio is about 77 percent which is the great achievement of NAB besides recovery of huge amount of ill-gotten money from corrupt which was all amount deposited in the national exchequer.

Today, Pakistan is considered a role model for SAARC Countries in the eradication of Corruption due to NAB’s efforts. He said that Pakistan is the first Chairman of SAARC Anti Corruption Forum which is a great achievement for Pakistan due to NAB. This is just because of the proactive Anti-Corruption Strategy adopted by NAB.

He said that that NAB has rejuvenated and geared up to the expectations of the nation to eradicate corruption from Pakistan. He said that NAB not only reviews the performance of NAB on regular basis, besides monitoring the performance of all regional bureaus in order to complete all complaint verifications, inquiries, and investigations within the stipulated time period of ten months.

He said that NAB has proved that NAB’s actions against all stakeholders are across the board as NAB does not believe in victimization. The prestige and repute of NAB have increased manifold due to its indiscriminate and visible actions against the mighty as NAB sees case not face. He said NAB believes in self-respect of humanity and does not believe in breaching self-esteem of any person.

He said that NAB’s actions have been lauded by national and international organizations, civil society and people at large. Today, the whole nation is with NAB for corruption-free Pakistan. NAB has clear policy to concentrate on the case and not on the face as all are equal before the law. NAB would continue its efforts for indiscriminate accountability to all. He said NAB has perfected its procedures and due to this reason, corrupt elements are being arrested as well as proclaimed offenders and absconders in order to bring them to justice as per law.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 23 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

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

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 23 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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