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Panama verdict: ECP ordered to issue notification of Nawaz Sharif's disqualification

12:56 PM | 28 Jul, 2017
Panama verdict: ECP ordered to issue notification of Nawaz Sharif's disqualification
ISLAMABAD - Supreme Court of Pakistan in a benchmark decision in a high-profile Panama case on Friday ordered the Election Commission of Pakistan (ECP) to issue a disqualification notification of Prime Minister Nawaz Sharif.

A five-member bench, headed by Justice Asif Saeed Khosa, disqualified Prime Minister Nawaz Sharif for being dishonest to the nation, in a landmark decision on Panamagate case.

The 5-o verdict was announced by a five-judge bench, headed by Justice Asif Saeed Khosa – the same judge who had commenced his dissenting note in the April 20 judgment with a quote from Mario Puzo’s novel The Godfather and declared Prime Minister Nawaz Sharif ‘disqualified’ for not being honest to the nation.

The court has also disqualified Finance Minister Ishaq Dar and Captain (r) Safdar from the office.

Panama Papers & Sharif family

The historical verdict follows an investigation into Sharif family’s wealth after the 2016 Panama Papers dump linked the PM’s children to offshore companies.

The prime minister – who himself is not named in the Panama Papers – denies all allegations and insists they are politically motivated. There were also questions over the make-up of the SC-sanctioned Joint Investigation Team (JIT) that helped the court in probing the case.

Sharif’s four children – Maryam, his presumptive political heir, and his sons Hasan and Hussein – were implicated in the papers.

At the heart of the case was the legitimacy of the funds used by the Sharif family to purchase several high-end London properties via offshore companies.

The PML-N insists the wealth was acquired legally, through Sharif family businesses in Pakistan and the Gulf.

The top court had in April declared there was “insufficient evidence” to oust Sharif over the graft allegations engulfing his family, and ordered an investigation team to probe the matter.

The team of civilian and military investigators found there was a “significant disparity” between the Sharif family’s income and lifestyle in its report submitted to the court earlier this month.

The Sharifs and their allies have consistently and noisily rejected the claims, with his ruling PML-N party this month dismissing the investigation team’s report as “trash”.

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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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