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Supreme Court issues notice to Malik Riaz hours after Bahria Town donates 42.5 million to dams fund

12:17 AM | 29 Jul, 2018
Supreme Court issues notice to Malik Riaz hours after Bahria Town donates 42.5 million to dams fund
ISLAMABAD – The Supreme Court on Saturday took notice of the use of ‘Bahria’ brand name by the country’s largest real estate developers for its housing projects.

Issuing a notice to Malik Riaz for August 2, Chief Justice of Pakistan (CJP) Mian Saqib Nisar also summoned the record in land grabbing cases against the Bahria Town pending in different courts.

The suo moto comes hours after the Bahria Town administration donated 42.6 million to Diamer-Basha and Mohmand Damns Fund, initiated by the apex court.

https://en.dailypakistan.com.pk/pakistan/malik-riaz-donates-millions-for-diamer-bhasha-mohmand-dams-fund/

Last month, hearing a review petition against the May 4 judgment of the apex court in which it had banned Bahria Town from selling any plot or constructing apartments in its housing scheme in Karachi, a three-judge SC bench headed by the CJP ordered Malik Riaz to furnish in two weeks Rs5 billion before the court to show his commitment to resolving the issues relating to the exchange of government lands for the development project.

The court also dropped hints to attach the property of Mr Riaz. But the Bahria Town owner, who himself appeared before the court, requested it not to do so, saying that it could be used against him. He explained that he owned no property except one in the name of his wife.

https://en.dailypakistan.com.pk/headline/suspend-action-against-bahria-town-sc-orders-nab/

The apex court also stopped the National Accountability Bureau (NAB) from taking any action against Bahria Town management or anyone who has been named in its judgment now under review.

The SC, in its order, had said as one of the judges who was part of the bench which announced the verdict has retired now and the other judge has given a dissenting note in favour of the Bahria Town, a new five-member bench will be constituted to hear the review petition.

The writer is a member of the staff.

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 20 May 2024

Pakistani currency rates against US Dollar and other currencies on May 20, 2024 (Monday) 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 - 20 May 2024

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
Norwegian 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 Baht THB 7.57 7.72

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