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Pakistani freelancers can now open digital accounts in both rupees and dollars

12:16 AM | 3 May, 2023
Pakistani freelancers can now open digital accounts in both rupees and dollars
Source: File Photo

ISLAMABAD – A tool called "Freelance Digital Account and Card" has been introduced by the Pakistan Software Export Board, a division of the Ministry of Information Technology, in partnership with the Bank of Punjab. Through this facility, freelancers will be able to register a digital account in both rupees and dollars.

According to media reports, Syed Junaid Imam, a member of the IT department, attended an event organised at a local hotel in Islamabad as a special guest, along with President and CEO Zafar Masood of the Bank of Punjab, other authorities, and a large number of freelancers.

Speaking at the event, Syed Junaid Imam said that now freelancers will be able to open accounts in dollars and rupees from the comfort of their own homes. He also emphasised the importance of the role that freelancers played in the growth of the IT sector and said that nation's IT exports were vying for 15 billion dollars.

He said that commercial banks should offer facilities and their banking products for IT firms and independent contractors in order to meet the objective of 15 billion dollars set by the Pakistani prime minister. The IT Ministry is already playing its role in this regard.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 16 May 2024

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

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 279.95 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 - 16 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 279.95
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.5 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 25.97
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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