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FIA closes inquiry into money laundering case against Gen Bajwa’s close relative

09:08 PM | 28 Oct, 2023
FIA closes inquiry into money laundering case against Gen Bajwa’s close relative
Source: File Photo

ISLAMABAD – The Federal Investigation Agency (FIA) has closed an inquiry into suspicious transactions by Sabir Hameed Mithu, a close relative of former army chief Gen Qamar Javed Bajwa.

The inquiry was wrapped up after Sabir, who runs a property business, appeared before the investigators and managed to "satisfy" them about his innocence by presenting his tax record, bank statements, details of property, cars and offshore companies. 

Reports said the investigation agency had launched a probe against Sabir after receiving complaints against him. When the matter was probed, the FIA officials found no evidence against him. 

Earlier this month, the FIA had summoned Sabir on October 23 for interrogation in the case. 

According to a notice issued by the FIA, Sabir had been summoned in connection with “an ongoing criminal investigation on the allegation of high volume of suspicious transactions into your bank accounts contrary to the declared business profile”.

Gen Bajwa's son is married to Sabir's daughter. 

The FIA notice said that Sabir owns 19 bank accounts, 14 Pakistani and 5 foreign, and Rs5.34 billion transactions have been made into these accounts. 

The FIA had also asked Sabir to bring the record of the countries he visited, the records of his offshore companies as well as Shell Companies. The FIA had also asked Sabir to provide details of his properties inside Pakistan and abroad, cars and the record of sale and purchase of the foreign currencies. 

Sabir had also been asked to submit the record of the Pakistani currency and foreign currencies he and his family members declared at the airports. 

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 2 March 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 2, 2024 (Saturday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 2, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
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 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 27.13 27.43
Swedish Korona SEK 314.07 316.57
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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