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Federal budget 2016-17 to be presented in Parliament today

12:36 AM | 3 Jun, 2016
Federal budget 2016-17 to be presented in Parliament today
ISLAMABAD (Staff Report) – Finance Minister Senator Muhammad Ishaq Dar will present an outlay of Rs 4.8 trillion budget for the next Fiscal Year (i.e. FY 2016/17) in today's budget session in Parliament.

Related: LIVE: Finance Minister unveils Federal Budget 2016-2017


According to reports, the main focus of the budget is on the development of energy, infrastructure, and human resource sectors. The China-Pakistan Economic Corridor (CPEC) projects have also been prioritized in the budget.

Related: Dar chairs meeting to review FBR budget proposals


Allocations to provide a social safety net to the most vulnerable segments of society are also likely to be enhanced.

The National Economic Council (NEC), chaired by Prime Minister Muhammad Nawaz Sharif via video link from London, approved a Rs. 1.675 trillion development outlay including Rs. 800 billion for the federal Public Sector Development Programme (PSDP) and Rs. 875 billion as the provincial Annual Development Programme (ADP).

Related: Budget 2016-17 to ensure new opportunities: Punjab Finance Minister


The Government has also set aside Rs. 1,675 billion in the forthcoming budget for development schemes under the Public Sector Development Programme (PSDP) for the year 2016-17.

Related: Imran Khan not to attend NA budget session on Friday

Read more: Economic Survey 2015-16: Fiscal deficit reduced to 3.4 % of GDP, says Dar

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 25 May 2024

      
Pakistani currency rates against US Dollar and other currencies on May 25, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.

Today’s currency exchange rates in Pakistan - 25 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 280.15
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.15 75.85
Saudi Riyal SAR 73.35 74.1
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegian Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.67 7.82

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