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PM Imran decided Asad Umar’s ‘shock’ ouster days before announcement: report

02:29 PM | 20 Apr, 2019
PM Imran decided Asad Umar’s ‘shock’ ouster days before announcement: report
ISLAMABAD - Former finance minister Asad Umar's departure from the ministry of finance might come as a surprise to the public, however, the reshuffle was decided by Prime Minister Imran Khan days before the official announcement.

Umar, who was presented as the shadow finance minister even before 2013 elections, was also somewhat aware of the changes that were on the cards especially due to the criticism directed at him owing to the fragile economy and rising inflation.

As the embattled regime gears up to steer the economy without Umar, events that led to his ouster are coming to light with well-placed sources revealing a Whatsapp chat between Prime Minister Imran Khan and Umar - a day before the cabinet shakeup.

According to a report by Geo News, Asad Umar and Imran Khan talked about the reshuffling Wednesday night and at a point, the conversation turned tense as Umar was told about leaving the slot and assuming charge as minister of petroleum.

Moreover, when Umar dismissed assuming charge of petroleum minister, the premier tried to cajole him and instead offered him to continue to head a selection of cabinet committees, including the Economic Coordination Committee, Cabinet Committee of Privatization and the Executive Committee of National Economic Council, which are otherwise the domain of the prime minister.

Asad Umar shot down the proposal altogether for the reason that the new finance minister would desire to head these committees himself and that would create a rift between the two.

Sources close to the PM House say Imran Khan had made up his mind to install a technocrat instead of Asad Umar for which the news was leaked to the media in a bid to prepare the investors and businessman.

Umar had his critics within the party as well, especially over the amnesty scheme for which the cabinet brainstormed but did not make any decision; Minister for Communications Murad Saeed and other opposed the scheme during the cabinet meeting.

Though Umar's ouster might come as a surprise to the public, the PTI leader himself was not completely in the dark as the news of his replacement was planted in the power corridors before the announcement.

Political commentators say Imran Khan was aware of the flak he was facing owing to the cash-strapped economy and so he wanted to replace Asad Umar; the premier also wanted to hand over the portfolio of the interior for which Ijaz Shah was chosen.

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
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 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

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