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Early closure of markets: Punjab rejects Centre's energy conservation plan

07:58 PM | 3 Jan, 2023
Early closure of markets: Punjab rejects Centre's energy conservation plan
Source: File Photo

LAHORE – The Punjab government on Tuesday refused to accept the federal government’s decision regarding early closure of markets, hotels and marriage halls as part of its energy saving plan to cut dependency on imported fuel for power generation.

The reaction from the provincial government where PTI is in power comes after the Centre announced the closure of markets at 8:30pm and wedding halls at 10pm. Defence Minister Khawaja Asif while announcing the energy conservation plan said implementing the new schedule for markets and halls would help Pakistan save Rs62 billion.

Reacting to the federal government’s decision, Punjab senior minister Mian Aslam Iqbal said the provincial government was not taken on board in this regard. He said the Punjab government would discuss the matter with traders and representatives of chambers of commerce before taking the decision about closure of markets.

Meanwhile, a spokesperson of the Khyber Pakhtunkhwa government said the provincial government was yet to take a decision about implementing the Centre’s decision. Barrister Muhammad Ali Saif, the special assistant to KP Chief Minister Mahmood Khan said: “We are have already placed in measure to conserve energy in the province”.

On the other hand, All-Pakistan Anjuman Tajiran (APAT) President Ajmal Balochh has also rejected the decision regarding earlier closure of markets, asserting that the shops and restaurants will not close before 10pm and 11pm, respectively.

He said that the PDM-led government had taken unilateral decisioni as the traders’ association had already submitted its reservations in this regard. He said the government should limit its power consumption instead of imposing curbs on traders.

He highlighted that the business community purchases the most expensive electricity, and therefore, favourable strategies should be nade for them.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 26 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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