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Offshore companies, foreign properties may be legal but unethical: Tehmina Durrani

09:31 AM | 6 Apr, 2016
Offshore companies, foreign properties may be legal but unethical: Tehmina Durrani
ISLAMABAD (Web Desk) – Tehmina Durrani, wife of Punjab Chief Minister (CM) Shehbaz Sharif, has said that even if offshore companies, foreign properties and accounts might be legal but she considered this act unethical.

Durrani, also a social activist, expressed her views in tweets on social media website twitter.

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Durrani went a step further and advised the Sharif family that the only way PM’s family could distant themselves from the allegations was to bring back the money saved in offshore accounts and foreign countries to Pakistan.

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She added that the family should opt for a simpler way of life by returning the wealth to the nation and keep Quaid-e-Azam as an example.

The Panama Papers have generated a worldwide controversy over the financial activities of the global elite. Several countries, including India, have launched tax evasion probes after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities.

Reportedly, the leaked documents identify at least 200 Pakistanis, including the family of Prime Minister Nawaz Sharif, the late Benazir Bhutto, Rehman Malik and other prominent politicians and businessmen.

Documents released by the International Consortium of Investigative Journalists (ICIJ) reveal that Mariam Safdar, Hasan Nawaz and Hussain Nawaz “were owners or had the right to authorise transactions for several companies”.

Mariam Safdar is named as the beneficial owner of off-shore firms Nescoll Limited and Nielsen Enterprises Limited, incorporated in the British Virgin Islands in 1993 and 1994, respectively.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 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 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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