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PML-N MNAs to get Rs1b each for development schemes

10:38 AM | 25 Mar, 2016
PML-N MNAs to get Rs1b each for development schemes
ISLAMABAD (Web Desk) - Prime Minister Nawaz Sharif has asked Finance Minister Ishaq Dar to allocate Rs one billion to each ruling party’s MNAs for development schemes.

PM Nawaz issued this instruction while chairing a ruling party’s core meeting, which was attended by the PML-N’s senior leadership including Finance Minister Dar, Interior Minister Chaudhry Nisar Ali Khan and Hamza Shahbaz Sharif.

According to media reports, during the meeting the prime minister received detailed briefing on how to strengthen constituencies of PML-N sitting MNAs across the country.

Ruling party leaders were of the opinion that voters of the constituencies might not be attracted by the PM’s mega initiatives if the streets and roads of their neighbourhood were not built.

These leaders urged the prime minister to allocate around Rs1 billion to each of the PML-N’s National Assembly lawmaker for fiscal year 2016-2017. They said the same amount should also be given to respective lawmakers in the next fiscal year, which will be the last financial year before the 2018 general elections.

Sources said the prime minister agreed with their point of view and directed Dar to immediately arrange around Rs 300 billion for development schemes at the constituencies.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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