National

FIA summons ex-COAS Bajwa’s relative for probe into cash laundering

Published

1 month ago

October 21, 2023

ISLAMABAD: Federal Investigation Company on Friday summoned Muhammad Sabir Hammed alias Mithu, an in depth relative of former COAS Gen (r) Qamar Javed Bajwa in reference to investigation into money-laundering.

In accordance with FIA discover served to Muhammad Sabir Hammed, “That is pursuant to an on-going prison investigation on this company on the allegation of excessive quantity suspicious transactions into your financial institution accounts opposite to the declared enterprise profile.”

بریکنگ نیوز 🚨: نواز شریف کی پاکستان واپسی سے ایک روز قبل FIA Anti Cash Laundering Lahore Circle نے سابق آرمی چیف جنرل قمر جاوید باجوہ کے مشہور سمدھی صابر حمید عرف مٹھو کو ۵ ارب سے زائد منی لانڈرنگ کریمنل انکوائری میں طلب کر لیا ہے.
کیا ہوائیں رخ بدل رہی ہیں؟ اور انتقام کے… pic.twitter.com/aOGStICzi8

— Mirza Shahzad Akbar (@ShazadAkbar) October 20, 2023

“Throughout the course of enquiry & perusal of file obtainable with this company, it has come to fore that you’re sustaining 19 financial institution accounts (14 PKR accounts and 5 Foreman Forex accounts) with the mixture credit score turnover of Rs 5.34 billion On this regard.”

“You’re known as upon to look in individual earlier than the undersigned on October 23, 2023 at FIA Anti Cash Laundering circle with out fail and to elucidate your place on this regard.”

FIA has directed Mr Mithu to carry authentic CNIC and the file/ data corresponding to FBR returns / Declarations for interval 2016 to 2023 (private & enterprise), Checklist of all nations visited/ worldwide travels made by you and their functions, Checklist of all off-shore/ shell firms and business-vehicles held by you and your loved ones members and the nations/jurisdictions by which they’re held, Checklist of all worldwide belongings (properties, investments and accounts) held immediately or not directly via any off-shore/ shell firms or enterprise autos by you, your partner or household, Checklist of all worldwide/ nationwide belongings (properties, Investments and accounts) not held in your or your loved ones’s identify however by which you or your loved ones have any helpful curiosity, Element of all international forex purchases made by you Or In your behalf (inside Pakistan), Element of international forex taken by you or your partner or household, out of Pakistan, whether or not that was declared on the Airport or in any other case and Cause of excessive worth credit score/ debit transactions to financial institution accounts maintained in your identify or in identify of your dependents and likewise carry all particulars of your financial institution accounts.

Non-compliance of this order for attendance and or non-production of paperwork render you desk to proceedings beneath part 174, 175 Pakistan Penal Code 1860 Court docket of Regulation, the discover said.

National

Fawad Chaudhry granted B-Class services in jail

Published

8 hours ago

November 28, 2023

Pakistaneo.com

ISLAMABAD: The previous federal minister Fawad Chaudhry has been granted B-class services in jail on Monday.

In compliance with a court docket directive, Chief Commissioner Anwarul Haq appeared earlier than the Excessive Courtroom in a case involving the jail services of Fawad Chaudhry.

Through the court docket listening to, the Chief Commissioner offered an implementation report on Fawad Chaudhry’s requests.

The report revealed that former federal minister Fawad Chaudhry has been granted B-class services in jail, and as per the court docket’s directives, he has been permitted to fulfill with household and authorized representatives.

Moreover, the court docket granted permission for a separate assembly between Fawad Chaudhry’s spouse and him inside the jail premises.

Through the dialog with the Deputy Superintendent of Jail, Justice Mian Gul Hasan Aurangzeb emphasised the necessity to present medical services to Fawad Chaudhry in accordance with the jail handbook.

The court docket directed the jail authorities to point out respect and dignity to the petitioner.

The decide inquired concerning the variety of circumstances registered in opposition to Fawad Chaudhry, after which in response, the lawyer said that Fawad was arrested in a single case and booked in a number of different circumstances in Jehlum and different provinces of Punjab.

The court docket sought the small print of different circumstances from the Jail Superintendent and dismissed the case of Fawad Chaudhry with particular directions.

National

Ishaq Dar claims credit score for rupee’s rise in opposition to greenback

Published

9 hours ago

November 28, 2023

Pakistaneo.com

ISLAMABAD: Former finance minister Ishaq Dar on Monday heaped praises on himself for personal insurance policies for the strengthening native forex and credited himself for the Pakistani rupee’s appreciation over time in opposition to the US greenback, saying the state’s intervention within the foreign exchange market was essential to maintain the forex steady.

“I take into account the rupee’s depreciation the mom of financial evils. The appreciation of the rupee in opposition to the greenback in the present day is as a result of ‘Ishaq-Dar’ coverage,” the Chief of the Home within the Senate informed the Higher Home of parliament after the caretaker authorities clamped down on parts concerned in greenback smuggling and speculators.

However the Worldwide Financial (IMF) has careworn, in an announcement after Pakistan and the lender reached a staff-level settlement on the primary overview below a short-term deal for $700 million, that the rupee should stay market-determined to sustainably alleviate exterior pressures and rebuild reserves.

The rupee is anticipated to commerce in a slender vary in opposition to the US greenback this week, as importers and exporters weigh the impression of blended financial alerts on the nation’s forex. It closed at 285.64 within the interbank market in the present day.

“The true trade fee in the present day is 244 to the greenback. A few of our establishments have means an excessive amount of autonomy, however let me let you know,’ spoiled kids deserve the rod’.”

Dar, who has served because the finance czar twice below Nawaz Sharif and as soon as below Shehbaz Sharif’s regime, stated: “A significant motive behind our financial system’s destruction is the autumn within the rupee’s fee in opposition to the greenback.”

The senator reminded his colleagues that in 2014 and 4 years following that, till his elimination because the finance minister, the rupee had remained steady. “The central financial institution’s intervention was solely to a sure extent.”

He claimed that throughout the Pakistan Tehreek-i-Insaf’s (PTI) tenure, the State Financial institution of Pakistan (SBP) intervened extra usually to manage the rupee’s worth when in comparison with the stints of the Pakistan Muslim Legaue-Nawaz (PML-N).

“I’m thought-about an enemy of rupee devaluation by a monetary establishment. Nonetheless, after giving in to the demand of the identical monetary establishment, the PTI allowed the devaluation of the rupee. See, what occurred after that,” he stated, claiming it ballooned Pakistan’s loans.

The PML-N senator stated there must be a consensus amongst all stakeholders to control the rupee’s worth. “Folks die, however their insurance policies have led to a rise within the costs of commodities.”

National

Hajj 2024 software course of commences as submissions open

Published

10 hours ago

November 28, 2023

Pakistaneo.com

ISLAMABAD: Submission of functions for the Hajj 2024 underneath common scheme began Monday.

Folks aspiring to carry out Hajj underneath the federal government scheme can submit their functions to fifteen banks by December 12.

Based on the assertion issued by the Ministry of Non secular Affairs, 89,605 Pakistanis will carry out pilgrimage underneath the federal government scheme subsequent yr.

And in case extra functions are obtained, balloting shall be performed.

For the primary time, girls will be capable to carry out their non secular obligation with out their male companions (Mehram).

Furthermore, candidates for the passports will get their Hajj functions processed on the tokens given to them.

As many as 25,000 functions shall be submitted underneath the sponsorship scheme whereas balloting shall be performed on the functions obtained underneath the common scheme.