'Market-based exchange rate': KSE-100 index gains over 1,000 points

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Analyst says PKR devaluation helped clear the uncertainty over the IMF's loan programme

from The News International - National https://ift.tt/fWOZge2

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Sudan’s Bashir charged with illegal use of foreign funds

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KHARTOUM: Sudan’s ousted president Omar al-Bashir was charged in court Saturday with illegal acquisition and use of foreign funds, offences that could land him behind bars for more than a decade.Bashir, who was deposed in April following months of mass protests against his rule, appeared in court in a black metal cage wearing the country´s traditional white attire and turban. Judge Al-Sadiq Abdelrahman outlined the charges at what was the third session of the trial, saying foreign funds of multiple currencies were found at his home.Authorities had “seized 6.9 million euros, $351,770 and 5.7 million Sudanese pounds at (Bashir´s) home which he acquired and used illegally”, said Abdelrahman. Speaking for the first time in court, the 75-year-old Bashir said the seized funds were the remainder of the equivalent of $25 million that he had received from the Saudi crown prince.“My office manager... received a call from the office of Saudi Crown Prince Mohamed bin Salman saying he has a ´messag
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