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Ishaq Dar likely to return next month, replace Miftah as finance minister

11:35 PM | 27 Jun, 2022
Ishaq Dar likely to return next month, replace Miftah as finance minister
Source: Ishaq Dar (Twitter)

LAHORE – Ishaq Dar, former finance minister and a Pakistan Muslim League-Nawaz senator, is likely to return to Pakistan in the third week of July.

Sources say that Dar is likely to replace Miftah Ismail as finance minister. Ismail is not a member of the parliament and his appointment has been made under Section 9 of Article 91 of the Constitution, which pertains to making any non-elected person a member of the cabinet.

Under the law, if a person is not a member of any of the two houses of the parliament and he is appointed a minister, he would have to be elected to the National Assembly within six months.

Earlier this year, Dar was reinstated to the Senate by the Election Commission of Pakistan (ECP). The PML-N stalwart is eligible to assume responsibilities as finance minister as he is an elected parliamentarian.

Dar will face his court cases and assume his responsibilities as senator. He will decide on joining the federal cabinet after winning the cases.

The PML-N leader, who has served as a federal minister for finance four times between 1998 and 2017, has been living in self-exile in the United Kingdom since November 2017.

There are various cases against the senior PML-N leader in which he is specifically accused of not submitting details of his assets for 22 years.

An accountability court declared him a proclaimed offender in assets beyond means case in December 2017.

Sources said that lawyers of Ishaq Dar will soon file for his protective bail.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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