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PM Shehbaz Sharif, CM Hamza Shehbaz appear in Rs16b money laundering case

Web Desk 03:00 PM | 28 May, 2022
PM Shehbaz Sharif, CM Hamza Shehbaz appear in Rs16b money laundering case
Source: File photo

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.”

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Daily Pakistan Global Web Desk

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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