Pakistan to speed-up talks with IMF, says Abdul Hafeez Sheikh

04:07 PM | 20 Apr, 2019
Pakistan to speed-up talks with IMF, says Abdul Hafeez Sheikh
ISLAMABAD - Newly appointed adviser on finance Abdul Hafeez Sheikh called on Prime Minister Imran Khan in Islamabad on Saturday.

Dr Sheikh apprised the premier regarding talks with officials of the International Monetary Fund (IMF) and in brief interaction with media said the process of talks with the IMF would be accelerated.

Pakistan wants the process of talks with IMF to proceed and the international lender has committed to send a mission to the country soon, the finance adviser said and confirmed that he would speak to the IMF mission in the evening.

Sheikh said he had issued directives to prepare for the budget and a medium-term strategy paper for the budget.

"We will be able to furnish a medium-term strategy paper by the 30th," he said and added that the budget can be presented no earlier than May 24.

Dr Sheikh took charge of his post earlier today. He is replacing Asad Umar who stepped down as the finance minister on Thursday after he was proposed to take charge of another ministry instead of finance.

Nonetheless, Umar said he still stands by Imran Khan for his Naya Pakistan vision and would be available for suggestions in future as well.

Abdul Hafeez Sheikh has served as the finance minister from 2010 to 2013. He is a political economist of international repute with over 30 years of experience.

In 2012, he became an active member of Pakistan Peoples Party (PPP) and in the same year, he successfully contested the Senate elections.

As Sheikh is not a part of National Assembly or the Senate, he does not qualify to become a minister, however, his status matches that of a minister.

The writer is a civil servant.


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 22 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 22, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.25 and selling rate is 303.25.

British Pound rate is 354.75 for buying, and 358.25 for selling. UAE Dirham AED was at 76.4 and Saudi Riyal lowered to 73.60.

Currency Rates Today

Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.25 303.25
UK Pound Sterling GBP 354.75 358.25
U.A.E Dirham AED 76.40 77.15
Saudi Riyal SAR 73.60 74.32
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.50 205.50
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.70 36.05
Indian Rupee INR 36.05 36.05
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.00 204.00
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.50 7.65


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