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World Bank announces new Country Director for Pakistan

11:51 AM | 4 Aug, 2020
World Bank announces new Country Director for Pakistan

ISLAMABAD – The World Bank (WB) has announced appointment of Najy Benhassine as new Country Director for Pakistan.

“Mr. Najy Benhassine is the World Bank’s new Country Director for Pakistan effective August 1,” said a WB press statement. He succeeds Illango Patchamuthu, who completed his term on July 31.

Benhassine most recently served as Regional Director for Equitable Growth, Finance and Institutions in the Middle East and North Africa.

Prior to this, he was Director for the Finance, Competitiveness & Innovation Global Practice, the statement said adding that since joining the World Bank in 2001, he has worked extensively on economic development, finance, private sector development and impact evaluations.

Benhassine’s appointment comes at a time when the government of Pakistan is confronting both the immediate and longer-term health and economic impacts of the COVID-19 crisis.

“It is critical that we help protect the lives and livelihoods of the people of Pakistan and support economic recovery in the wake of the COVID-19 pandemic,” said Benhassine.

“My first priority is to ensure that World Bank support helps to not only alleviate the immediate health and economic impacts of the crisis but at the same time support the Government’s ambitious social and economic reform program to promote a more resilient and inclusive economy so that Pakistan can build back better,” he added.

The World Bank portfolio in Pakistan includes 56 active projects amounting to approximately $11 billion.

The portfolio supports reforms and investments to strengthen institutions, particularly in fiscal management and human development; multi-sectoral initiatives in children’s nutrition, education and skills, irrigated agriculture, tourism, disaster risk management, and urban development; and clean energy, and social and financial inclusion.

The World Bank is supporting the government of Pakistan through COVID-19 emergency response projects totaling almost half a billion to help the country prevent, detect and respond to the pandemic and strengthen public health preparedness.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 25, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279 for buying and 280.75 for selling. Euro's buying rate moved up to 301.75 and selling rate is 303.85.

British Pound rate is 356 for buying, and 360.25 for selling. UAE Dirham AED was at 76.65 and Saudi Riyal hovered at 73.90.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279 280.75
Euro EUR 301.75 303.85
UK Pound Sterling GBP 356 360.25
U.A.E Dirham AED 76.65 77.4
Saudi Riyal SAR 73.90 74.63
Australian Dollar AUD 184.95 186.75
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.65 205.65
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.75 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.4 204.4
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.55 7.7

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