Irfan Siddiqui released from Adiala jail on interim bail

Web Desk 06:59 PM | 28 Jul, 2019
Irfan Siddiqui released from Adiala jail on interim bail
ISLAMABAD – A magistrate in the federal capital has approved the bail petition of Irfan Siddiqui, a senior columnist and a close adviser to former premier Nawaz Sharif.

Magistrate Mehreen Baloch approved the bail on Sunday against surety bonds worth Rs20,000.

Irfan Siddiqui was sent to the Adiala Jail on Saturday on a 14-day judicial remand for allegedly violating tenancy law i.e. not informing police while renting out his house.

He was produced in the courtroom of Magistrate Mehreen Baloch in Islamabad.

Meanwhile, Siddiqui's defense counsels had pleaded with the court to release his client and termed the charges against him as "false and baseless".

They provided documentary evidences that Irfan Siddiqui has nothing to do with the case. They claimed that neither Irfan Siddiqui owns the house which was rented out, nor did he sign the agreement between the owner and tenant.

The counsels told the court that the son of Irfan Siddiqui was the owner of the house and he signed the agreement with tenant Javaid Iqbal. But the court refused to accept any plea in favour of the accused.

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According to details, Section 144 has been imposed in Islamabad, the violation of which has resulted in Siddiqui's arrest under Section 188 of the Criminal Procedure Code allegedly for not informing the relevant police station about giving his house on rent.

He was arrested by police during a raid on his residence late Friday night and later shifted to the Ramna police station in Islamabad.

His son confirmed the news and claimed that the police did not inform them why his father had been taken into custody.

According to the FIR lodged against him, a citizen Javed Iqbal along with his family has been residing in a house; however a local police station was not informed about it.

Moreover, when police called Siddiqui to appear in the police station, he failed to comply with the orders.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

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 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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