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British Pakistani businessman Zameer Choudrey to be appointed to House of Lords

12:38 PM | 10 Sep, 2019
British Pakistani businessman Zameer Choudrey to be appointed to House of Lords
LONDON –It has been announced that Zameer Choudrey CBE, Chief Executive of Bestway Group, will be appointed to the House of Lords under the Queens intention of conferring Peerages of the United Kingdom.

Choudrey comments: “It is an immense honour. I am truly humbled to have been appointed to the House of Lords. I have always viewed the UK to be the land of opportunity and I look forward to contributing to the continued advancement of our great country.”

The appointment is in recognition of his considerable contributions to Britain’s domestic and foreign trade as a leading businessman and entrepreneur, his wide array of philanthropic work both in the UK and abroad, and his role as Chairman of the Conservative Friends of Pakistan.

As Chief Executive of Bestway Group, Choudrey has already driven tremendous growth in businesses across the UK and Pakistan. This led to Choudrey being appointed to Deputy Chairman of the Pakistan Britain Trade & Investment Forum and serving as a member of the Confederation of British Industry’s Economic Affairs Committee in previous years.

He has also regularly been asked to facilitate private government visits to both Pakistan and the UK for senior government officials from both countries, including the Mayors of London and the West Midlands, and private investors, to discuss how both the UK and Pakistan can look to increase trade and investment. These strong ties with Pakistan will mean Choudrey will be looking to utilise his vast experience to build more bilateral trade, create more jobs here in the UK and improve foreign relations between our two countries.

Choudrey comes from humble beginnings having grown up in a remote village in Pakistan, before moving to the UK at the age of 12. His remarkable success over his career led to him being appointed Commander of the Order of the British Empire (CBE) in the 2016 New Year’s Honours List for services to industry and philanthropy. He also sits as a trustee for several national charities, including CrimeStoppers, Grocery Aid and Bestway Foundation, which has donated over £30 million to worthy education and healthcare causes. In January 2018, he was appointed as UK Chair of the British Asian Trust’s Advisory Council, by HRH The Prince of Wales.

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In his role as Chief Executive of Bestway Group, Choudrey has overseen the growth of the Group into one of the UK’s largest family owned businesses, which employs over 27,000 people worldwide. In the UK, Bestway Group currently provides employment for 15,000 people.

Under Choudrey’s stewardship, Bestway Group has become the largest British investor and philanthropic contributor in Pakistan, and gained recognition from the President of Pakistan in 2018, with a prestigious Pakistani civil award, the ‘Sitara-e-Imtiaz’ (Star of Excellence).

Choudrey will look to draw on his keen understanding of entrepreneurship, supporting SMEs and his understanding of the challenges faced on the high street. And with the business’ acquisition of Well Pharmacy in 2014, the third largest pharmacy chain in the UK, Choudrey is well positioned to advise on community welfare and healthcare too.

In addition to the UK businesses, Choudrey has spearheaded tremendous growth and investment abroad with the two arms of Bestway Group that operate in Pakistan – United Bank Limited, the 2nd largest private bank in Pakistan and Bestway Cement, Pakistan’s largest cement manufacturer. The success of these businesses has shown him to have an astute understanding of the financial services sector, as well as of infrastructure and foreign trade.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 17 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.05 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 17 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.25 280.05
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.50 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.95
Omani Riyal OMR 722.59 730.59
Qatari Riyal ‎QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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