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How did Malala Yousufzai earn 12 million pounds last year?

07:23 PM | 29 Jun, 2016
How did Malala Yousufzai earn 12 million pounds last year?
LONDON: Malala Yousafzai has become a millionaire with the earnings from her best-selling memoir and speaking engagements, The Times claimed on Wednesday.

Four years after the teenager was shot on a school bus in the northern region of Pakistan’s Khyber Pakhtunkhwa province, a company set up to manage the rights to Malala’s life story has made a pre-tax profit of £1.1 million.

Malala will pay £200,000 in UK taxes on her earnings last year, a British tabloid reported earlier.

She has become a sought-after speaker since her horrifying ordeal, and a report by the Institute for Policy Studies in Washington DC claims she is paid a whopping £114,000 per speech.

Her book, I Am Malala, which tells the story of her life in Pakistan, was published in 2013 in Britain under an estimated £2 million deal and has since sold at least 1.8 million copies worldwide.

However, according to a spokesman for Malala, the young activist has donated much of her earnings: “Since the publication of Malala's book, Malala and her family have donated more than $1 million (£750,000) to charities, mostly for education-focused projects across the world including Pakistan.”

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The world’s youngest Nobel Peace Prize winner - who was 14 when she was shot in the Swat Valley after her support for girls' education angered Taliban militants - is a joint shareholder of the company, Salarzai Ltd. The firm, whose other joint shareholders are her father Ziauddin Yousafzai and her mother Toor Pekai, had £2.2m in the bank by last August, The Times reported.

The firm, which was set up in 2013, is separate from the charitable Malala Fund which aims to help girls safely complete secondary education worldwide, according to The Times.

In her book - I am Malala - the Pakistani activist explains how she was 'hypnotized by this talk of the big world beyond our valley', but saw her future would be limited because she was a girl - even though her father wanted her to live freely.

When she was ten, the Taliban took control of the region, forbidding girls to attend school. Against a backdrop of violence, she spoke out against their diktat and was shot on her way home in 2012.

But Malala survived and was airlifted to Britain for treatment, where she rose to fame after settling in the West Midlands with her family. She now attends the private Edgbaston High School for Girls.

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Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720

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