UAE launches first-ever minister-less Ministry of Possibilities

Haider Ali 09:40 PM | 23 Apr, 2019
UAE launches first-ever minister-less Ministry of Possibilities
DUBAI - The United Arab Emirates launched the first-ever Ministry of Possibilities on Tuesday.

Interestingly, the ministry will have no minister and will handle significant national issues including building new government systems in preparation for the future.

The ministry was launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Shaikh Mohammad detailed that the ministry - located in AREA 2071 in Emirates Towers in Dubai - would be entrusted with vital national issues.

“Today, we have launched the Ministry of Possibilities, a new work system within the UAE government. It is unconventional ministry. It will have no minister with the Cabinet member becoming its new crew. It will be entrusted with vital national issues and building new government systems for the future,” he said on his Twitter profile.


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أطلقنا اليوم منظومة عمل جديدة ضمن حكومة الامارات ... وزارة اللامستحيل .. وزارة غير تقليدية .. بدون وزير .. طاقمها أعضاء مجلس الوزراء .. وتعمل على ملفات وطنية مهمة .. وبناء أنظمة حكومية جديدة للمستقبل. وزارة اللامستحيل ستبدأ عملها على عدة مشاريع .. منها تقديم خدمات استباقية للجمهور .. وبناء منصة الكترونية لتسهيل مشتريات الحكومة واختصار وقتها من ٦٠ يوم الى ٦ دقائق .. وإنشاء أنظمة تخصصية لاكتشاف المواهب في كل طفل في دولة الامارات .. المستقبل يحمل الكثير من التحديات التي تتطلب التجديد المستمر في هيكلية الحكومة .. وطريقة عملها .. والمستحيل ليس في قاموسنا .. وليس جزء من تفكيرنا .. ولن يكون جزءا من مستقبلنا We launched the world's first virtual "Ministry of Possibilities," a new government work system in the UAE. The virtual ministry, administered by the cabinet, will address pressing national portfolios and build future government systems.

A post shared by Mohammed bin Rashid Al Maktoum (@hhshkmohd) on

The premier added that the ministry will commence its work on several projects including provision of proactive services to the public and development of an online platform to facilitate government purchases and shorten the time from 60 days to 6 minutes.

"The ministry will also be tasked with devising specialized systems to uncover talents in every child in the UAE," he shared and added that the word impossible does not exist in our dictionary and is not part of our philosophy nor will be part of our future.

Sheikh Mohammed bin Rashid Al Maktoum instructed to start working on a number of pressing national programs in the first phase, in the form of four time-bound departments: Department of Anticipatory Services, Department of Behavioral Rewards, Department of UAE Talent and Department of Government Procurement.

UAE has been taking unusual initiatives to reshape governance apparatus; in 2016, it created ministries of happiness and tolerance.

Haider Ali

The writer is a civil servant.


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

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 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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