SC to hear disqualification petitions against Imran Khan, Jahangir Tareen from May 3

10:37 AM | 29 Apr, 2017
SC to hear disqualification petitions against Imran Khan, Jahangir Tareen from May 3
ISLAMABAD - The supreme court of Pakistan would start hearing petitions seeking disqualification of PTI supremo Imran Khan and secretary general Jahangir Khan Tareen from May 3rd, Wednesday.

The petitions were filed by PML-N's Rawalpindi stalwart Haneef Abbasi last year who argued that both the PTI leaders were involved in wrongdoings and concealment of income in nomination papers.

The Supreme Court’s three-judge bench – headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar will take both the constitutional petitions to decide the political fate of PTI duo.

The former CJP Anwar Zaheer Jamali had held a couple of hearings of the case. However, despite several hearing requests by Abbasi’s counsel Akram Sheikh, the court had preferred not to club it with Panama Leaks case, a verdict of which was announced on April 20.

The PML-N leader’s petition claims that Jemima Goldsmith –Imran’s first wife – did not file her income tax, during her time in Pakistan, suggesting that she was, in fact, a dependent on her former husband and had no taxable income.
 “In the light of the foregoing, [Imran] was obliged to declare assets owned by Goldsmith in his own wealth statements, but [he] failed to do so, in violation of the mandatory provisions of the Income Tax Ordinance (ITO),” says the petition.

Abbasi claimed that Imran was bound to declare the assets of Jemima before the Election Commission of Pakistan (ECP) in his nomination papers during the relevant period, but he avoided it.

Regarding, Tareen, a close confidant of PTI supremo, the petitioner argued that he did not mention his offshore holdings in his statement of assets and liabilities filed before the ECP, along with his nomination papers for contesting 2013 general elections which was in violation of 'Representation of Peoples Act'.

Imran and Tareen – respectively represented by Naeem Bukhari and Sikandar Bashir – have already submitted their concise statements, wherein they have refuted the allegations of tax evasion.

PTI chief termed the accusations against him as baseless and requested the court to dismiss the petition. He has also took aim at the Federal Baord of Revenue for investigating his taxe returns after 13 years.

“I have been paying all my taxes for three decades now. I have never lied about the property I own,” he stressed.

Tareen, in his concise statement, has also rejected the petitioner’s claim that no ‘admission’ or ‘confession’ (express or implied) was ever made by him in relation to the subject.

But, what could land Tareen in trouble is the reply of Securities and Exchange Commission of Pakistan that suggested a violation of the Insider Trading Ordinance-1969 and the Companies Ordinance-1984 in the United Sugar Mills (USML) acquisition by PTI bigwig.

'He also made roughly Rs71 million gains but returned Rs73.1 million to the SECP — including fines and legal cost that the regulator incurred on investigating the case,' the reply stated.

The SECP has requested the apex court that it probed the entire matter which culminated into the return of entire illegal gain and recovery of penalties for contravention of the relevant provision of laws.

“It is respectfully prayed that this honourable court may decide the case as deemed appropriate.”


Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter