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Nawaz Sharif's ex-principal secretary Fawad Hassan Fawad made federal minister

03:21 PM | 12 Sep, 2023
Nawaz Sharif's ex-principal secretary Fawad Hassan Fawad made federal minister
Source: File Photo

ISLAMABAD – Fawad Hassan Fawad, who has served as principal secretary to former prime minister Nawaz Sharif, has been appointed as federal minister in cabinet of caretaker Prime Minister Anwaarul Haq Kakar.

President Arif Alvi approved his appointment on advice of Caretaker Prime Minister under Article 224 (1a) of the Constitution.

The former Grade-22 officer of Pakistan Administrative Services served as principal secretary to Nawaz Sharif and Shahid Khaqan Abbasi during the PML-N’s 2013-2018 tenure.

Earlier this year, an accountability court in the Punjab capital acquitted him in the asset beyond means case citing lack of evidence.

The court had also cleared Fawad’s wife Rubab Hassan, brother Waqar Hassan and close relative Dr Anjum Hassan.  

The NAB had filed two corruption reference against former principal secretary. The second reference alleged that Fawad collected Rs1.09 billion worth of illegal assets, including a five kanal commercial plot in Rawalpindi's Saddar area valued at around Rs50 million.

The former top bureaucrat had also been alleged to have shares in a 15-storey commercial plaza located in the same area valued at around Rs3.085bn.

The corruption watchdog stated that the inquiry against Fawad was converted into an investigation on Oct 12, 2018 and on March 15, 2019, NAB Chairman Javed Iqbal had given his approval for the new reference.

The Grade-22 officer of the prestigious Pakistan Administrative Service (PAS) was arrested in July 2018 and he got bail from the Lahore High Court (LHC) in 2020.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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