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SECP, FBR deny JIT's allegations of record tampering

10:19 PM | 14 Jun, 2017
SECP, FBR deny JIT's allegations of record tampering
ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) in its reply to the joint investigation team's (JIT) application to the Supreme Court has denied all allegations levelled against it by the investigating team.

Particularly referencing the JIT's assertion that the investigation into the Chaudhry Sugar Mills was closed in 2016, the SECP labels the accusations as "absolutely incorrect and unfounded."

Further laying the blame on the investigating team, the SECP's written response read: "The JIT has committed errors in comprehending the factual issues and misread the record..."

In another shocking twist to the whole Panamagate investigation, the SECP turned the tables on the JIT by alleging that the witnesses might have misattributed statements in front of the investigating body under duress. "Apparently any statement attributed to the officers may be [the] result of coercion and stress which cannot be taken into consideration in views of facts and records," read the response.

In a similar response to JIT's application, the Federal Board of Revenue (FBR) denied the accusations, stating that it has "fully cooperated with the JIT and provided all available records."

Specifically mentioning the charge that the FBR refrained from submitting the requested documents in their entirety, the revenue collecting authority's reply states: "Record was submitted to the JIT in piecemeal because the record was requisitioned by [the] JIT on a piecemeal basis."

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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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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