ISLAMABAD – Miftah Ismail, Pakistan’s finance minister, has tendered his resignation to Pakistan Muslim League-Nawaz (PML-N) supremo in a party meeting held in the British capital.
Senior PML-N leader Ishaq Dar will arrive in Pakistan today, days after he gets relief in the assets-beyond-means case. Dar’s nomination was put forth by deposed Pakistani prime minister Nawaz Sharif as the country is facing fast depleting foreign currency reserves and rupee depreciation besides widening fiscal and current account deficits.
The PML-N leader in a recent tweet said “In a meeting with Nawaz Sharif and PM Shehbaz today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad”.
In a meeting with Mian Nawaz Sharif and PM Shehbaz Sharif today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad
— Miftah Ismail (@MiftahIsmail) September 25, 2022
It was reported that the PML-N supremo appreciated Miftah’s efforts in carrying out the responsibilities under problematic conditions.
Several PML-N ministers heaped praise on Miftah for his services.
Dar, a senator-elect, is due in his homeland, after five years as he travelled to Britain in 2017 while facing trial in a corruption reference. Former PM Shahid Khaqan Abbasi approved Ishaq Dar’s medical leave when he jetted off to London.
Meanwhile, reports suggest that the information minister will take oath on Tuesday (tomorrow).
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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