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NAB submits compliance report to declare Nawaz's sons absconders

10:12 AM | 14 Nov, 2017
NAB submits compliance report to declare Nawaz's sons absconders
ISLAMABAD - The accountability court on Tuesday adjourned proceedings to declare Hasan and Hussain Nawaz absconder after the National Accountability Bureau (NAB) submitted a compliance report on a process to declared them fugitive.

Both brothers skipped all hearings as they are in London with their ailing mother Begum Kulsoom Nawaz since the National Accountability Bureau (NAB) filed three corruption references regarding London flats, Al-Azizia Steel Mills and other companies against them in the backdrop of Panamagate verdict.

At the hearing, the NAB team submitted a report on four bank accounts of owned by Hussain Nawaz. The court that the accounts possess $3992, 4272 Euros, 207 pounds and Rs382,381 in the four accounts respectively.

The court was further informed that both brother did have any property in areas handled by the Lahore Development Authority and Defence Housing Authority.


The deputy prosecutor general also submitted a compliance report regarding the process of declaring them absconder. He said that deadline given to both brother to turn up in the court has expired.

The NAB prosecutor also asked the court to declare them proclaimed offenders as the time given them to ensure appearance in the court has expired.

The investigation officers of NAB also recorded their statements in three references against the Sharif family.


Judge Mohammad Bashir had issued non-bailable arrest warrants against them on Oct 2, which are still in effect.

A thirty-day deadline given to Hussain and Hasan to show up in the court was expired in last week. And in result, the court will officially declare them absconder order to seizes assets of them.

On October 9, the court had accepted NAB’s plea to declare the brothers proclaimed offenders and conduct their separate trial. The court had also ordered to initiate proceedings to declare them fugitive.

On October 12, the NAB following the orders of the court pasted the court's proclamation order on the main gate of the Sharifs’ residence in Model Town and Jati Umra. The notices were also sent to London to paste at their residence.

Later, the court ordered the Securities and Exchange Commission of Pakistan (SECP) to freeze the assets of Hasan and Hussain.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar Open Market rates 8 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 8, 2024 Wednesday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.25 for selling.

Euro stands at 294.5 for buying and 297 for selling while British Pound rate is 345 for buying, and 348.5 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's came down to 73.25.

Today’s currency exchange rates in Pakistan - 8 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.25
Euro EUR 294.5 297
UK Pound Sterling GBP 345 348.5
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.25 74
Australian Dollar AUD 180 182
Bahrain Dinar BHD 739.99 747.99
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 905.3 914.3
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 167.23 169.23
Norwegians Krone NOK 25.57 25.87
Omani Riyal OMR 722.7 730.7
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204.65 206.65
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 307.34 309.84
Thai Bhat THB 7.56 7.71

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