Search

Ishaq Dar's "Best Finance Minister of South Asia" fake? Shocking reality behind PML-N's claim

10:37 AM | 14 Oct, 2016
Ishaq Dar's
ISLAMABAD (Web Desk) - International Monetary Fund (IMF) Mission chief to Pakistan Herald Finger has denied the reports that IMF had given Ishaq Dar as "Finance Minister of the year 2016 for South Asia award" .

Addressing newsmen via video link on Thursday, Herald Finger clarified that the organisation had no link with the magazine who gave the Award to Pakistan's Finance Minister Ishaq Dar.

“The IMF is not involved with the Emerging Markets publication,” said Wafa Amr, IMF’s Washington-based media contact person for Pakistan, who was also present at the occasion.

What adds insult to the injury of finance ministry is that the latest edition of the magazine show that five Pakistani state-owned enterprises funded the Emerging Markets edition that carried a supplement on Pakistan.

It is worth mentioning here that the finance ministry released a communiqué on 8 October in which it stated that Emerging Markets, the newspaper of the IMF / World Bank Annual Meeting, had declared Senator Ishaq Dar as "Finance Minister of 2016 for South Asia".

"The Award is recognition of Pakistan's economic performance at the IMF / World Bank Annual Meeting which is one of the major gatherings of international financial and economic leaders and experts. The finance minister has authorised Pakistan's Ambassador to the United States, Ambassador Jalil Abbas Jilani, to receive the award on his behalf." the press release of the ministry read.

Following the news, country’s top dignitaries rushed to congratulate Dar for recognition of his services by the international organisation. Even Prime Minister Nawaz Sharif felicitated his colleague for the achievement.

However, the clarification by the IMF official finally cleared the air that the magazine honouring Dar was not linked to the International monetary Fund in any way.

The writer is a civil servant.

Advertisement

Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter