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LHC reserves verdict on Maryam Nawaz's bail plea

07:21 PM | 31 Oct, 2019
LHC reserves verdict on Maryam Nawaz's bail plea

LAHORE – The Lahore High Court (LHC) on Thursday reserved its verdict on a bail plea filed by PML-N vice president Maryam Nawaz in the Chaudhry Sugar Mills (CSM) case.

A two-member bench comprising Justice Ali Baqar Najafi and Justice Sardar Ahmad Naeem reserved the verdict after the petitioner and the National Accountability Bureau (NAB) concluded their arguments. The judgment will be announced on Friday.

Maryam had filed the plea on September 30 after she was arrested by the anti-graft watchdog under the accusation of owning the assets beyond known means on August 8. Following the deteriorating health of her father Nawaz Sharif, she submitted a filed a miscellaneous petition on October 24 requesting the court to grant her immediate bail on the humanitarian grounds.

During the proceedings, NAB's counsel Jahanzaib Bharwana raised objection over the PML-N leader’s bail plea stating that her petition did not meet the criteria for bail on humanitarian grounds.

He went on to say that the suspect was allowed by the jail authorities to meet her father, who is being treated for various diseases in Lahore’s Service Hospital for over a week.

The NAB counsel told the bench, "The chances are that the accused may flee abroad or go underground if freed on bail".

Bharwana informed the bench that the suspect played a key role in money laundering through the CSM, adding that a hefty amount of money was transferred from the sugar mills’s accounts to Maryam.

He told the court that the petitioner had not given satisfactory answers to NAB's inquiries regarding holding shares in CSM.

Accusing of holding assets beyond means, he said that Maryam had not filed any tax returns for many read.

Advocate Amjad Pervez, the counsel of Maryam Nawaz, argued that money laundering case against his client was baseless and that she was made Chief Executive of the CSM only in papers. NAB had breached law and arrested Maryam in money laundering case despite revealing all the assets in Panama Leaks case, he argued.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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