IHC acquits Nawaz Sharif in Avenfield case in major relief

04:17 PM | 29 Nov, 2023
IHC acquits Nawaz Sharif in Avenfield case in major relief
Source: File Photo

ISLAMABAD – The Islamabad High Court (IHC) on Wednesday acquitted former prime minister Nawaz Sharif in the Avenfield case. 

A division bench comprising IHC Chief Justice Aamir Farooq and Justice Miangul Hasan Aurangzeb announced the ruling filed by the Pakistan Muslim League-Nawaz (PML-N) supremo against conviction in in the Avenfield and Al-Azizia Steel Mills cases.

In July 2018, an accountability court handed a 10-year sentence to the Pakistan Muslim League-Nawaz (PML-N) supremo and imposed a fine of £8 million (Rs1.29 billion) in the reference pertaining to Sharif family’s Avenfield apartment in London, UK.

In December 2018, the former three-time premier was awarded seven year sentence in the Al-Azizia Steel Mills corruption reference.

The high court has also disposed of the Flagship graft reference against the PML-leader after the National Accountability Bureau (NAB) withdrew its petition against the acquittal in the case. 

Meanwhile, the IHC bench has adjourned the hearing on a petition against conviction in the Al-Azizia case, saying the Registrar Office will issue a date for next hearing.

Talking to media outside the IHC, Nawaz Sharif thanked Allah Almighty over the overturn of the conviction. 

PML-N President Shehbaz Sharif congratulated his elder brother on his acquittal in the Avenfield case. He also launched Maryam Nawaz for standing firm in front of oppression.

More to follow…


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08


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