Where is Jack Ma? Chinese billionaire suspected missing after controversial speech

01:41 PM | 4 Jan, 2021
Where is Jack Ma? Chinese billionaire suspected missing after controversial speech

BEIJING – A slew of speculations about the missing of Chinese billionaire, founder of Alibaba, Jack Ma are stemming as it was noticed that the business tycoon made no public appearance for two months.

According to a news report published in UK’s The Telegraph, Ma was scheduled to attend the final episode of his own talent show, ‘Africa’s Business Heroes’ as a judge, but he did not turn up for it. His spokespersons termed it as a 'conflict of schedule.' Furthermore, his photograph was also removed from the show.

One of the China’s wealthiest persons has reportedly engaged in a conflict with ruling Community Party government, after his controversial speech in Shangahi in October when he criticised the country’s regulation and banking system. He said the systems were of bygone age and needed to be revamped for the next generation and old people. 

Reports claimed the Chinese government took Ma's criticism as an attack on government, and since then his Ant Group is under scrutiny. 

Moreover, the Wall Street Journal reported that Beijing rebuked the Alibaba owner, and suspended the massive $37billion initial public offering of his Ant Group on the direct order of President Xi Jinping in November 2020.

The Chinese government has also ordered Ant Group to scale back its business activities.


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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