Hussain Nawaz appears before Panama JIT once again

Haider Ali 11:15 AM | 30 May, 2017
Hussain Nawaz appears before Panama JIT once again
ISLAMABAD - Hussain Nawaz, elder son of Prime Minister Nawaz Sharif, appeared before the six-member Joint Investigation Team constituted to probe money trail of Sharif family, here on Tuesday.

This is the second appearance of premier's scion before the investigative team that is currently investigating the murky wheeling and dealing of the first family in the backdrop of Panama case verdict.

Earlier, on Sunday, Hussain arrived at the federal judicial academy for the first time and faced a barrage of questions for over two hours.

Hussain reportedly objected to appearing before the JIT without his counsel and sought a questionnaire as well.

Talking to newsmen, Hussain expressed his concerns regarding the trial procedure and showed resentment at being summoned on such a short notice.

However, Hussain Nawaz appeared before the JIT and was instructed to reappear before the team today with relevant record regarding his offshore firms and properties. He was also handed over a questionnaire.

Apart from Hussain Nawaz, the president of National Bank of Pakistan, Saeed Ahmed also arrived at the federal judicial academy to assist the JIT and record his statement.

The federal judicial academy garnered spotlight once again when around 2 P.M, an ambulance arrived there raising suspicions about possible health issues of high-profile personalities, however, the vice-chancellor of PIMS Dr. Javed Akram clarified that the ambulance was dispatched on the instruction of JIT members for any emergency situation and no one was ill, currently.

Earlier, on Monday the apex court turned down the objection by Hussain Nawaz regarding two members of JIT.

“We are not going to remove any JIT member on mere conjecture unless something concrete comes up because the prime minister is the one being investigated,” remarked Justice Ejaz Afzal Khan, who heads the three-judge implementation bench of the Supreme Court.

The Joint Investigation Team was formulated by the apex court after the Panama case verdict on April 20 to further probe into the revelations put forth by Panama Leaks.

Representatives from Intra Services Intelligence, Military Intelligence, State Bank of Pakistan, Securities and Exchange Commission of Pakistan and National Accountability Bureau are part of the team headed by Wajid Zia of Federal Investigation Agency.

Haider Ali

The writer is a civil servant.


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 9, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 271.9 274.85
Euro EUR 294.7 297.7
UK Pound Sterling GBP 331 334.2
U.A.E Dirham AED 75.3 76
Saudi Riyal SAR 73.2 73.9
Australian Dollar AUD 191.3 193.7
Bahrain Dinar BHD 732.35 740.35
Canadian Dollar CAD 205 207.2
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2 2.16
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 173.63 175.63
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.53 723.57
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 298.06 300.56
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs193,700 on Thursday. The price of 10 grams of 24k gold was recorded at Rs166,070.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 193,700 PKR 2,350
Karachi PKR 193,700 PKR 2,350
Islamabad PKR 193,700 PKR 2,350
Peshawar PKR 193,700 PKR 2,350
Quetta PKR 193,700 PKR 2,350
Sialkot PKR 193,700 PKR 2,350
Attock PKR 193,700 PKR 2,350
Gujranwala PKR 193,700 PKR 2,350
Jehlum PKR 193,700 PKR 2,350
Multan PKR 193,700 PKR 2,350
Bahawalpur PKR 193,700 PKR 2,350
Gujrat PKR 193,700 PKR 2,350
Nawabshah PKR 193,700 PKR 2,350
Chakwal PKR 193,700 PKR 2,350
Hyderabad PKR 193,700 PKR 2,350
Nowshehra PKR 193,700 PKR 2,350
Sargodha PKR 193,700 PKR 2,350
Faisalabad PKR 193,700 PKR 2,350
Mirpur PKR 193,700 PKR 2,350


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter