LAHORE – Prime Minister Shehbaz Sharif’s lawyer argued that the Rs16 billion money laundering case was politically motivated by the PTI government.
The arguments came during the hearing of the money laundering case at the special court (Central-I) where the prime minister and his son Punjab Chief Minister Hamza Shahbaz also appeared.
Strict security measures were adopted during the hearing.
Amjad Pervaiz, Shehbaz Sharif’s counsel, argued that the prime minister has nothing to do with the accounts opened or closed in the past 10 years.
However, the burden of proof in the case lies with the prosecution, argued Amjad Pervaiz.
During the previous hearing on May 21, the special court had issued arrest warrants for Suleman Shehbaz, son of Prime Minister Shehbaz Sharif, in the case after extending the interim bail of Shehbaz Sharif and Hamza Shahbaz till May 28.
PM Shehbaz Sharif apprised the court that he had never received his salary, TA and DA from the national kitty, which is around Rs70 to Rs80 million, despite it being his legal right. The prime minister asked if he would launder just Rs2.5 million.
“In this case, I am accused of laundering Rs2.5 million,” said the prime minister. The prime minister said his family suffered Rs2 billion but he did not give subsidies to favour the sugar mills.
Later, he and Hamza Shahbaz left the courtroom after being granted permission by the judge.
In December 2021, the FIA had submitted the challan against Shehbaz and Hamza before the special court for their alleged involvement in laundering an amount of Rs16 billion in the sugar scam case.
According to the FIA report submitted to the court, the investigation team has “detected 28 benami accounts of the Shehbaz family through which money laundering of Rs16.3bn was committed during 2008-18. The FIA examined the money trail of 17,000 credit transactions.”
Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.
On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.
Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.
UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||360||363.5|
|Hong Kong Dollar||HKD||36.46||36.81|
|New Zealand Dollar||NZD||175.89||177.89|
The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.
On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330.
Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.
In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.
|Lahore||PKR 218,500||PKR 2,720|
|Karachi||PKR 218,500||PKR 2,720|
|Islamabad||PKR 218,500||PKR 2,720|
|Peshawar||PKR 218,500||PKR 2,720|
|Quetta||PKR 218,500||PKR 2,720|
|Sialkot||PKR 218,500||PKR 2,720|
|Attock||PKR 218,500||PKR 2,720|
|Gujranwala||PKR 218,500||PKR 2,720|
|Jehlum||PKR 218,500||PKR 2,720|
|Multan||PKR 218,500||PKR 2,720|
|Bahawalpur||PKR 218,500||PKR 2,720|
|Gujrat||PKR 218,500||PKR 2,720|
|Nawabshah||PKR 218,500||PKR 2,720|
|Chakwal||PKR 218,500||PKR 2,720|
|Hyderabad||PKR 218,500||PKR 2,720|
|Nowshehra||PKR 218,500||PKR 2,720|
|Sargodha||PKR 218,500||PKR 2,720|
|Faisalabad||PKR 218,500||PKR 2,720|
|Mirpur||PKR 218,500||PKR 2,720|