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Amjad Zubair Tiwana replaces Asim Ahmed as FBR Chairman

09:42 AM | 1 Aug, 2023
Amjad Zubair Tiwana replaces Asim Ahmed as FBR Chairman
Source: social media

ISLAMABAD – The federal government has appointed Amjad Zubair Tiwana, a BS-21 officer of the Inland Revenue Service (IRS), as the new chairman of the Federal Board of Revenue (FBR), replacing Asim Ahmed.

The outgoing government gave nod to Tiwana’s appointment for the coveted role in the country’s apex tax collection authority.

Earlier, several other names including Rashid Mahmood Langrial, Syed Nadeem Rizvi, and Faiz Chadhar were considered for the role but officials picked Tiwana for the role.

Former chairman, Asim Ahmad, was also appointed by the coalition government last year in April and he is now stepping down from the role following his retirement.

Tiwana is likely to have a rough patch as the government projected a revenue collection target of over Rs9 trillion for the current FY. The increase in the target will bring more pressure on the new Chairman.

The government however expressed satisfaction as the new Chairman of the Federal Board of Revenue has an extensive background in revenue operations, as he worked as a staff officer to former finance minister. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) 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 - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
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
Norwegians 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 Bhat THB 7.57 7.72

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