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Govt mulls over generating revenue by renting PM house for events

04:41 PM | 3 Aug, 2021
Govt mulls over generating revenue by renting PM house for events

ISLAMABAD – The federal government, which announced a state-of-the-art federal educational institution in Prime Minister House, rolled back its plan as it is considering renting out the premises for events.

Reports in local media cited that the federal cabinet, which is scheduled to meet today, will discuss ways to garner revenue from PM house. Sources revealed that cultural, fashion, educational, and other events will be held at the premises located at the Red Zone in the federal capital Islamabad.

The auditorium of the Prime Minister's House, two guest wings, and a lawn can be rented out to generate funds. High-level diplomatic functions, international seminars will also be held at the former principal workplace of the Pakistani premier.

Two committees have been suggested to ensure the discipline and decorum of the PM House during the events.

Earlier, the incumbent government has rolled back its plan to set up a university at the PM House and considered an emerging technology Institute there.

However, the government decided to review the plan and the lack of funds along with a number of factors that stemmed the new plan for PM house.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

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

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
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 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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