Two economists step down from EAC in protest against Atif Mian's expulsion

11:41 AM | 8 Sep, 2018
Two economists step down from EAC in protest against Atif Mian's expulsion
ISLAMABAD - In a bid to register protest against the expulsion of Dr Atif Mian from the Economic Advisory Council (EAC), two renowned economists have resigned from the body.

Dr Asim Ijaz Khwaja announced his decision on the popular microblogging site Twitter shortly after the government asked Dr Atif Mian to step down from his position on Friday, saying 'being a Muslim I can’t justify this'.

“Have resigned from EAC. Painful, deeply sad decision. Grateful for chance to aid analytical reasoning but not when such values compromised,” Dr Khwaja wrote on his official Twitter handle.

Another economist, Imran Rasul also took to Twitter Saturday morning and announced 'with a heavy heart' that he was resigning from the economic panel, citing the treatment meted out to Atif Mian.

In a series of tweets, Rasul expressed that if there was a single economist, Pakistan needed for the uplift of its economy, it was Atif Mian.

Rasul, who serves as a professor of Economics at the University College of London, shared that Pakistan was full of talent and only a leader willing to cash in on it was needed.

He, however, expressed willingness to offer non-partisan advice to help improve economic policymaking.

The string of resignations has brought down the number of EAC members to 15 from the initially installed 18 members.

The inclusion and expulsion of Atif Mian in the Economic Advisory Council have opened floodgates of criticism for Pakistan Tehreek-e-Insaf as the economist is a member declared a minority group in Pakistan.

Earlier, Information Minister Fawad Chaudhry defended his inclusion by saying that he was poised to clinch the Nobel Prize in few years, however, on Friday the government finally announced that it was withdrawing the name of the Princeton University professor clearly due to the pressure from the religious circles.

The appointment of Mian to the advisory group went controversial after different groups, including Tehreek-i-Labbaik Pakistan (TLP), raised concerns over including an Ahmadi in the council.

The removal of Mian came three after PTI government vowed not to bend to fundamentalists, saying minorities have same rights in Pakistan as the majority enjoys.

Information Minister Fawad Chaudhry, on Sept 4, responding to the criticism, said that the minority member has been appointed in the advisory council related to the economy and not in the Islamic ideology council.

Haider Ali

The writer is a civil servant.


Pakistani rupee maintains momentum against US dollar, Euro, Riyal; check forex rates here

Pakistani rupee continues to show resistance against US dollar in the open market on Monday amid positive economic indicators.

Dollar Rate in Pakistan Today

On first working day of the week, the US dollar in open market stands at 284 for buying and 287.15 for selling.

Euro price moves up to 310.71 for buying and 311.31 for selling. British Pound rate stands at 357.55 for buying, and 358.2 for selling after marginal increase.

UAE Dirham AED stands at 77.55 whereas the Saudi Riyal also witnessed slight fall and new price stands at 75.94.

Today's currency exchange rates in Pakistan - 27 November 2022

Currency Symbol Buying Selling
US Dollar ‎USD 284 287.15
Euro EUR 310.71 311.31
UK Pound Sterling GBP 357.55 358.2
U.A.E Dirham AED 77.55 77.7
Saudi Riyal SAR 75.94 76.09
Australian Dollar AUD 186.85 187.35
Bahrain Dinar BHD 751.53 759.53
Canadian Dollar CAD 208 208.5
China Yuan CNY 39.8 39.9
Danish Krone DKK 41.79 41.89
Hong Kong Dollar HKD 36.52 36.62
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.89 1.92
Kuwaiti Dinar KWD 916.38 925.38
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 170.9 172.9
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 734.05 742.05
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 212.2 212.7
Swedish Korona SEK 27.08 27.18
Swiss Franc CHF 322.39 322.89
Thai Bhat THB 8 8.04

Gold rates in Pakistan move up; Check today’s gold rates 27 November 2023

KARACHI – Gold rates in Pakistan continue to climb higher on Monday amid surge in global trend.

Gold Rates in Pakistan Today - 27 November 2023

On Monday, the price of 24-karat gold stands at Rs215,500 per tola, and 10 gram costs Rs184,750 per tola.

Single tola of 22 Karat Gold price stands at Rs198,550, 21 karat rate for per tola is Rs189, 525 and 18k gold rate stands at Rs162,450.00 for 1 tola.

In the international market, the price of bullion hovers around $2010 per ounce with incrrease of around $8.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 215,500 PKR 2,610
Karachi PKR 215,500 PKR 2,610
Islamabad PKR 215,500 PKR 2,610
Peshawar PKR 215,500 PKR 2,610
Quetta PKR 215,500 PKR 2,610
Sialkot PKR 215,500 PKR 2,610
Attock PKR 215,500 PKR 2,610
Gujranwala PKR 215,500 PKR 2,610
Jehlum PKR 215,500 PKR 2,610
Multan PKR 215,500 PKR 2,610
Bahawalpur PKR 215,500 PKR 2,610
Gujrat PKR 215,500 PKR 2,610
Nawabshah PKR 215,500 PKR 2,610
Chakwal PKR 215,500 PKR 2,610
Hyderabad PKR 215,500 PKR 2,610
Nowshehra PKR 215,500 PKR 2,610
Sargodha PKR 215,500 PKR 2,610
Faisalabad PKR 215,500 PKR 2,610
Mirpur PKR 215,500 PKR 2,610


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