Dr Farrukh Iqbal selected as new director of IBA

04:01 PM | 17 Apr, 2016
Dr Farrukh Iqbal selected as new director of IBA
KARACHI (Staff Report) - Director World Bank, Dr. Farrukh Iqbal has been selected as new Director of Institute of Business Administration (IBA) Karachi, sources told Daily Pakistan.

Official sources told this scribe here on Saturday that the high level search committee recommended his name for the top slot of the Institute of Business Administration (IBA) on the basis of his previous track record.

The Search Committee has given highest marks to Dr Farrukh Iqbal and a summary in this regard has been completed and sent for chief minister's house for signature. "After this process, the summary will be sent to Governor Sindh for final approval and notification," the sources said.

When asked about the expected date of the appointment, the official said the decision now rested with the Governor House's office.

It is important to note that of the three shortlisted candidates for this post, the Search Committee gave preference to Dr Iqbal, followed by Dr Qasir Bengali and Professor Qazi Masood.

Dr Farrukh has had more than thirty years of research and management experience in the World Bank across a diverse range of countries and sectors. Among countries, he has worked in Korea, Philippines, Indonesia, China, Iran, Egypt and the Gulf Cooperation Council (GCC).

He has worked and published on various aspects of economic development including growth, poverty, small and medium enterprises, trade and foreign investment, health insurance, local government development and political economy issues.

He holds a bachelor’s degree from Harvard University and a Ph.D. in economics from Yale University USA.

Presently, Dr Sayeed Ghani has been working as the Acting Dean and Director of IBA Karachi.

Earlier, Dr Ishrat served IBA Karachi as Dean and Director for eight years.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

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 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 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 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
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 207 209
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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