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Sharjeel Memon gets bail in corruption case

06:55 PM | 25 Jun, 2019
Sharjeel Memon gets bail in corruption case
KARACHI – The Sindh High Court has granted bail to former provincial information minister Sharjeel Memon in Rs5.76 billion corruption case against a surety bond of Rs5 million.

A National Accountability Bureau (NAB) team had taken the PPP leader and 11 others into custody on Oct 23, 2017 after the Sindh High Court had rejected his bail plea in the case pertaining to the award of advertisements at 'exorbitant rates' through the abuse of power. He was then indicted in February 2018.

https://en.dailypakistan.com.pk/pakistan/sharjeel-memon-resigns-from-sindh-pac/

During Tuesday's hearing, the court asked if it had been proven that Memon had received kickbacks from the deal with the advertising company.

"It has not been proven that Memon has received kickbacks from the deal," the investigation officer conceded but added that the former minister had used his position of power in an unjust manner.

After hearing arguments from both sides, the two-member bench — headed by Justice KK Agha and comprising Justice Omar Sial — accepted Memon's plea and asked the PPP leader to submit a bond worth Rs5 million to procure bail.

He was released from Karachi Central Jail later in the evening.

https://en.dailypakistan.com.pk/pakistan/revenge-or-accountability-pakistani-journalists-all-praise-for-detained-midas-ceo/

Previously, the court had rejected two different applications seeking bail for Memon over the span of his year-and-a-half long confinement.

The PPP leader is also facing a separate inquiry regarding illegal adjustment and consolidation of hundreds of acres of land in favour of a private housing project.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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