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LHC orders to auction property of Nawaz Sharif’s cousin

06:24 PM | 30 Jul, 2019
LHC orders to auction property of Nawaz Sharif’s cousin
ISLAMABAD – The Lahore High Court (LHC) has ordered to auction the property of a cousin of former premier Nawaz Sharif.

During the hearing on a petition filed by Bank of Punjab on Tuesday, the court ordered to auction the land of Hussain Waqas Sugar Mills.

The court ordered to auction the office of Hussain Waqas Sugar Mills on August 31 for being a bank defaulter.

Earlier, the National Accountability Bureau (NAB) had decided to freeze the assets of the Sharif family.

NAB had decided to freeze assets worth Rs225,635,000 of Shahbaz Sharif’s wife Nusrat Shahbaz while she owns several luxury cars, jewellery, prize bonds and shares in many companies.

Hamza Shahbaz’s assets worth Rs411,100,000 will be seized. Of 199 bank transactions, 126 were made in the name of Suleman Shahbaz.

The anti-corruption watchdog has also found money laundering evidence against Shahbaz Sharif’s family.

The PML-N president also owns agricultural land in Chiniot while his wife Nusrat Shahbaz also owns several properties.

Shehbaz Sharif’s family have many bank accounts. Shahbaz Sharif has also gifted several houses to Nusrat Shehbaz.

Daily Pakistan Global Web Desk


PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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