Mian Soomro steps down, Saleem Ahmed appointed new chairman of Privatisation Commission

Premier Imran Khan has accepted the resignation of former caretaker PM

12:24 PM | 21 Jan, 2022
Mian Soomro steps down, Saleem Ahmed appointed new chairman of Privatisation Commission

ISLAMABAD – Federal Minister for Privatization, Mohammad Mian Soomro on Thursday resigned as chairman of the Privatization Commission.

Reports in local media said the federal authorities have appointed Saleem Ahmed as the new chairman of the board while Mian Soomro will continue to serve as Minister of Privatization.

Meanwhile, Establishment Division issued the notification for the appointment of the new chairman of the commission.

Saleem Ahmed, the newly-appointed Chairman has experience of more than 2 decades in the field. The globally recognized finance professional pioneered hedge fund, private equity, venture capital, and investment banking.

Before joining the Privatisation Commission, he was managing director at JP Morgan’s multi-billion-dollar hedge fund business, Highbridge Capital, where he managed a global investment portfolio.

He has also served in critical roles at JPMorgan, Morgan Stanley, Credit Suisse and Citi in Karachi, Hong Kong, London and New York and has structured Shariah-compliant financings for Pakistan’s critical infrastructure projects and restructured Pakistan’s sovereign debt.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
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 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94


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