NAB arrests four ZTBL's officials involve in Rs 202 million embezzlement

07:49 PM | 29 Jan, 2017
NAB arrests four ZTBL's officials involve in Rs 202 million embezzlement
PESHAWAR - The National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Sunday arrested four officials of Zarai Taraqiati Bank Limited (ZTBL) allegedly involve in the embezzlement of Rs202 million against fake pass book and fictitious transactions.

As per details, the ZTBL advance loans to landholders who have cultivable land while loans on un-cultivable and Shamelat land were not allowed as per law. In the instant case the accused persons have sanctioned and disbursed loans to landless formers/persons and they were shown as shareholders in Shamelat Land of Serai Naurang, Lakki Marwat.

During the course of inquiry, it was revealed that, the accused persons including Khushdil Khan Manager/AVP, Binyamin Khan MCO/OG-I, Zari Gul MCO/OG-II, Sajjad Mehmood MCO/OG-I and Muhammad Fayaz Teller/Sr. Assistant of Zarai Taraqiati Bank Limited (ZTBL) Serai Naurang Branch, Lakki Marwat in connivance with each other lure innocent people on the pretext of Benazir Income Support Programme (BISP) and got their Photographs, Copy of CNIC and thumb impression fraudulently on the loan case files of ZTBL. They were paid Rs5000 to Rs20000 while illegally and fraudulently sanctioned millions of rupees of Agriculture Loan.

It is pertinent to mention here that during the course of interrogation the so-called borrowers/beneficiaries of the case denied receiving any Agriculture loan and instead stated that they were paid the BISP assistance.

NAB Khyber Pakhtunkhwa is actively pursuing the investigation and role of those who are involved in this case is also expected to be unearthed. The accused persons will be presented before the Accountability Court for obtaining their physical remand.-Online

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94


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