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Jahangir Tareen resigns as IPP chairman after election setback

04:57 PM | 12 Feb, 2024
Jahangir Tareen resigns as IPP chairman after election setback
Source: File Photo

LODHRAN – Jahangir Khan Tareen on Monday decided to resign as chairman of the Istehkam-e-Pakistan Party (IPP) and quit politics days after he suffered defeat in general elections 2024.

The business tycoon made the announcement on social media platform X, formerly Twitter, stating: “I would like to thank everyone who supported me in this election and want to offer my congratulations to my opponents. I have immense respect for the will of the people of Pakistan. Therefore, I have decided to resign from my position as Chairman IPP and step away from politics altogether”.

“My gratitude to all the members of IPP. I wish them the absolute best. By the Grace of Allah, I will continue to serve my country to the best of my ability in a private capacity,” he said while praying for the prosperity of Pakistan.

Mr Tareen suffered defeat in NA-155 and NA-149, which were considered his strongholds, at the hands of the PTI-backed candidates.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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