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Dr Farrukh Iqbal selected as new director of IBA

Sarfraz Ali 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.

Sarfraz Ali
Sarfraz Ali

Sarfraz Ali is working as Editor Web for Daily Pakistan. He earned a postgraduate degree in Mass Communication from IUB and diploma in International Print Journalism from Thomson Foundation UK. He regularly writes on ...

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 5, 2023 (Sunday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 280.9 284.25
Euro EUR 299 302
UK Pound Sterling GBP 335 338
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 192 194
Bahrain Dinar BHD 712.72 720.72
Canadian Dollar CAD 205 207
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,300 on Sunday. The price of 10 grams of 24k gold was recorded at Rs176,010.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 205,300 PKR 2,360
Karachi PKR 205,300 PKR 2,360
Islamabad PKR 205,300 PKR 2,360
Peshawar PKR 205,300 PKR 2,360
Quetta PKR 205,300 PKR 2,360
Sialkot PKR 205,300 PKR 2,360
Attock PKR 205,300 PKR 2,360
Gujranwala PKR 205,300 PKR 2,360
Jehlum PKR 205,300 PKR 2,360
Multan PKR 205,300 PKR 2,360
Bahawalpur PKR 205,300 PKR 2,360
Gujrat PKR 205,300 PKR 2,360
Nawabshah PKR 205,300 PKR 2,360
Chakwal PKR 205,300 PKR 2,360
Hyderabad PKR 205,300 PKR 2,360
Nowshehra PKR 205,300 PKR 2,360
Sargodha PKR 205,300 PKR 2,360
Faisalabad PKR 205,300 PKR 2,360
Mirpur PKR 205,300 PKR 2,360

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