Search

Peshawar BRT fares to rise by Rs5 per stop

07:26 PM | 2 May, 2024
Peshawar BRT fares to rise by Rs5 per stop

PESHAWAR – The fares for the Peshawar Bus Rapid Transit (BRT) system are expected to increase by Rs5 per stop, with the base fare rising from Rs15 to Rs20.

A spokesperson stated that the maximum fare for the entire BRT route will go up from Rs55 to Rs60, attributing the rise in transport costs to the recent surge in electricity prices.

Previously, Muzzammil Aslam, the Khyber Pakhtunkhwa adviser to the chief minister on finance, had signaled a potential increase in fares. The provincial government plans to decrease the subsidy for the Peshawar BRT from Rs6 billion to Rs3 billion. It aims to save Rs2 billion by cutting expenses and Rs1 billion by raising bus fares by Rs5 to Rs10.

Aslam also noted that if the bus service were privatized, fares could potentially rise to Rs80 per person. The provincial government is working with the federal government to address financial challenges in the province.

In March, an accountability court in Peshawar approved a request by the National Accountability Bureau (NAB) to freeze 17 bank accounts of two contractors involved in an alleged corruption case related to the BRT project. The court also instructed the national anti-corruption body to seal the contractors' residential plots.

Last year, reports indicated the BRT was on the verge of shutting down due to the provincial government failing to pay about Rs1 billion in dues to five private companies managing different sections of the public transport system.

Daily Pakistan Global Web Desk

Advertisement

Today Open Market Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Pound, Riyal - 16 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 16, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Currency Rates in Pakistan

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296 299
UK Pound Sterling GBP 349.7 353.25
U.A.E Dirham AED 74.8 75.6
Saudi Riyal SAR 72.8 73.55
Australian Dollar AUD 182 184
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204 206
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 311.9 314.4
Thai Bhat THB 7.58 7.73

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter