Who is PM's special aide on investment Muhammad Tahir Javed?

07:41 PM | 9 Oct, 2023
Who is PM's special aide on investment Muhammad Tahir Javed?

By Staff Correspondent

WASHINGTON/ISLAMABAD – Caretaker Prime Minister Anwar-ul-Haq Kakar has appointed a former donor and aide of Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan as his Special Assistant on Investment.

Texas-based Pakistani-American businessman Muhammad Tahir Javed has been given the investment portfolio and has joined the cabinet with immediate effect, according to a notification by the Prime Minister’s Office.

The PM has approved the same perks and privileges as the minister of state for Muhammad Tahir Javed, who has donated money to and campaigned for Imran Khan and the PTI in the United States while he was Prime Minister.

This appointment of Tahir Javed, who owns US-based multi-million dollar health company Riceland Healthcare, has expanded PM Anwar Haq Kakar’s cabinet to six members, contributing to a total of 28 members in the caretaker cabinet.

Tahir Javed describes himself as a Pakistani American entrepreneur, investor, business magnate, and philanthropist on his social media profiles.

Tahir Javed campaigned for Imran Khan and the PTI while the party was in power but he has become a fierce critic of Imran Khan in recent months, calling Imran Khan a failure as PM whose only claim to fame is his celebrity status as a cricketer. He said in a recent interview that he did his best for Imran Khan and campaigned for him, especially during Khan’s visit to the USA in November 2019 but it turned out that Imran Khan was not trustworthy. He said that Imran Khan’s visit to the US was a waste because it didn’t materialise into any success or benefits for Pakistan because Imran Khan had no substance, no plan and no vision. But when Imran Khan was in power, Tahir Javed publicly complimented Imran Khan for his “successful” USA visit and for highlighting important issues.

In November 2019, Imran Khan especially paid tribute to Tahir Javed for his services, saying, “Mr. Tahir Javed has been instrumental in setting up a Pakistan Congress Foundation that has played a key role in revival and activation of Congressional Pakistan Caucus at the 116th Congress”.

Tahir Javed has boasted that he personally arranged Imran Khan’s meetings with over 63 US Senators during his visit. PTI has said that Tahir Javed managed only three Senators while the remaining were brought by the efforts of the Embassy and the then government. In the pictures released, Tahir Javed was seen standing next to Imran Khan during these meetings in the USA and the two also met at the Pakistan Embassy in Washington at the conclusion of the visit too.

Tahir Javed met Imran Khan in Islamabad and said: “Had the immense pleasure to meet up with Honorable Prime Minister of Pakistan Imran Khan. Congratulated him for giving the rights to overseas Pakistanis to exercise their vote in the future ballot exercises & commended him on his speech at the UN general assembly on Islamophobia.”

Just before Imran Khan’s removal, Tahir Javed was campaigning for PTI and Imran Khan with help from the PTI leaders in USA, many of whom are now wanted on several charges in Pakistan for defaming Pakistani institutions.

After Imran Khan was removed in a vote of confidence, Tahir Javed turned against Imran Khan and has said that President Joe Biden didn’t speak to Imran Khan despite the best efforts of Imran Khan because he didn’t trust Imran Khan and didn’t like several statements he issued on international matters. Considered close to Hilary Clinton and several Democratic Party leaders, Tahir Javed has said that Imran Khan’s public support for Taliban annoyed the US government beyond any limits. He has said that Imran Khan should not have conducted the foreign policy matters in the manner he did.

Tahir Javed, 57, moved to the US from Toba Tek Singh in Pakistan with just $500 and became a successful businessman. According to his interviews, Tahir Javed did senatorial duties and worked as a repairman, besides other jobs after initially moving to the US.

According to court records of Texas, Tahir Javed was sentenced to serve five years of deferred probation beginning in January 1992 for felony theft dating back to September 1990. He was sentenced for five years but served only half of that term. Authorities in Texas had prosecuted him for theft and a minimum sentence for felony starts from a year. After ending his theft sentence in 1994, Tahir Javed focused on business and with help from his brother he progressed and went on to set up several companies.

In 2018, Muhammad Tahir Javed stood in US Primary Elections to represent Texas District 29 in Congress. His campaign manifesto stated that he “understands the problems facing the district and the country, and has the experience and desire to get things done”. He had sought to replace Democrat Gene Green, who had served as the Texas District 29 Rep since the district was created in 1993. He lost the election to the veteran Democrat candidate.

Texas Jefferson County’s District Criminal Court data records Muhammad Tahir Javed’s felony theft as Cause: 56447; offence date: 25 September 1990, Beaumont Tx; filing date: 5 November 1990; offence description, theft by receiving; probation amount: 5; and description: P/G Judge; and Deferred Completed: 28th of March 1994.”

Tahir Javed, who says he is close to the Joe Biden administration, has vowed that he will bring investment to Pakistan from overseas in his new role and has offered full support to the interim administration. He has said that Pakistan’s problems are of short-term nature and will be overcome soon.


Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720


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