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Saudi prince freed from detention after $1 billion deal

11:22 AM | 29 Nov, 2017
Saudi prince freed from detention after $1 billion deal
DUBAI – A senior Saudi prince, held under the recently launched anti-purge campaign, has been freed after the three-week long detention following a ‘settlement,’ reported international media reported.

Saudi Prince Miteb bin Abdullah, a former National Guard head and the cousin of Crown Prince Mohammad Bin Salman, was released after reaching an acceptable agreement with the government paying more than $1 billion, BBC News reported.

The prince, 64, who was also seen as a contender to the throne, was among more than 200 royals and businessmen took into custody during a crackdown on November 4. He was sacked shortly before his arrest.

It is important to mention that three other detainees have also reached an agreement with the Saudi government. However, the names of these persons have not been disclosed.

However, there is no official statement from the Saudi government regarding the release of the prince.

On the other hand, some members of the royal family have shared the news regarding the release of Mitab on their Twitter handle.

A member named Moaid Mahhoob, who presents himself as director of external relations for Princess Jawahar Al-Saud, said Prince Miteb “had been released and that he was at his home in Riyadh”.

The anti-corruption purge, which Saudi Arabia calls a probe against estimated $100 billion embezzlement, was reported immediately after a new anti-corruption commission, headed by powerful Crown Prince Mohammed bin Salman, was established by royal decree late Saturday.

The purge comes as regional tensions raise their head, with Saudi Arabia and Iran squabbling over a failed missile attack against Riyadh airport on Saturday, that was claimed by Tehran-backed rebels in Yemen.

A political crisis is also unfolding in Lebanon after prime minister Saad Hariri announced his shock resignation in a speech from Riyadh, citing Iran´s “grip” on his country and threats to his life.

 

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 25 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 25, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.30.

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

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.5 280.5
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.81 748.81
Canadian Dollar CAD 201 203.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

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