AIRLINK 80.28 Increased By ▲ 1.89 (2.41%)
BOP 5.31 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 77.35 Decreased By ▼ -1.16 (-1.48%)
FCCL 20.50 Decreased By ▼ -0.08 (-0.39%)
FFBL 31.30 Decreased By ▼ -1.00 (-3.1%)
FFL 9.92 Decreased By ▼ -0.30 (-2.94%)
GGL 10.34 Increased By ▲ 0.05 (0.49%)
HBL 117.90 Decreased By ▼ -0.60 (-0.51%)
HUBC 134.40 Decreased By ▼ -0.70 (-0.52%)
HUMNL 6.91 Increased By ▲ 0.04 (0.58%)
KEL 4.55 Increased By ▲ 0.38 (9.11%)
KOSM 4.73 No Change ▼ 0.00 (0%)
MLCF 37.70 Decreased By ▼ -0.97 (-2.51%)
OGDC 137.10 Increased By ▲ 2.25 (1.67%)
PAEL 23.49 Increased By ▲ 0.09 (0.38%)
PIAA 26.65 Increased By ▲ 0.01 (0.04%)
PIBTL 7.02 No Change ▼ 0.00 (0%)
PPL 114.16 Increased By ▲ 0.71 (0.63%)
PRL 27.80 Increased By ▲ 0.07 (0.25%)
PTC 14.77 Increased By ▲ 0.17 (1.16%)
SEARL 57.49 Increased By ▲ 0.99 (1.75%)
SNGP 67.25 Increased By ▲ 0.95 (1.43%)
SSGC 11.08 Increased By ▲ 0.14 (1.28%)
TELE 9.25 Increased By ▲ 0.10 (1.09%)
TPLP 11.60 Decreased By ▼ -0.07 (-0.6%)
TRG 72.65 Increased By ▲ 1.22 (1.71%)
UNITY 25.16 Increased By ▲ 0.65 (2.65%)
WTL 1.39 Increased By ▲ 0.06 (4.51%)
BR100 7,509 Increased By 16.4 (0.22%)
BR30 24,713 Increased By 154.4 (0.63%)
KSE100 72,069 Increased By 16.7 (0.02%)
KSE30 23,776 Decreased By -31.8 (-0.13%)

imageWASHINGTON: President Barack Obama will announce on Friday his plan to nominate Julian Castro, the charismatic Hispanic mayor of San Antonio, Texas, as US secretary of housing and urban development.

The rising young star will replace current HUD Secretary Shaun Donovan, whose nomination as the new director of the Office of Management and Budget (OMB) will also be announced at the event, according to a White House official.

Castro, a telegenic leader billed as a Latino Obama in the making, bounded onto the world stage in September 2012 as the first Hispanic to give a keynote speech at the Democratic convention during the last US presidential election cycle.

The 39-year-old mayor of the second-largest city in the Lone Star State was first elected to the office in 2009 and again in 2011 and 2013.

"The president is thrilled that Secretary Donovan will take on this next role and believes that Mayor Castro is the right person to build on his critical work at HUD based on his work in San Antonio," the White House official said.

Donovan, who was sworn into office in January 2009 amid fallout from the US foreclosure crisis, also served as chair of the Hurricane Sandy Rebuilding Task Force in the wake of the megastorm that damaged the US East Coast in 2012.

Obama is scheduled to make the announcement joined by both Donovan and Castro at the White House at 3:35 pm on Friday.

Comments

Comments are closed.