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Finance Minister Shaukat Tarin ‘to run for Senate’

07:15 PM | 12 Jun, 2021
Finance Minister Shaukat Tarin ‘to run for Senate’

ISLAMABAD – The federal government has decided to get Finance Minister Shaukat Tarin, an unelected member of Prime Minister Imran Khan’s cabinet, elected as senator.

The move shows the intention of the government to secure the position of Tarin, who is the fourth finance minister in two years.

Local media reports said that Shaukat Tarin, who took oath in April this year to replace Hammad Azhar, will be elected from Punjab or Khyber Paktunkhwa, the provinces where the PTI enjoys majority. 

The prime minister is empowered to appoint an unelected individual as a minister for six months under Article 91(9) of the Constitution.

However, the Constitution states that at the end of six months, that individual will "cease to be a minister and shall not before the dissolution of that Assembly be again appointed a minister; unless he is elected as a member of that Assembly."

Previously, the government had attempted to get former Finance Minister Abdul Hafeez Shaikh elected as senator since he was also unelected member of the cabinet. But, he lost the key seat to the PPP leader Yousaf Raza Gillani. 

Later, the government had removed him from the post in March, appointed Azhar as new finance minister. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08

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