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PM Khan directs to prevent smuggling, money laundering through Hawala & Hundi

09:51 PM | 3 Sep, 2018
PM Khan directs to prevent smuggling, money laundering through Hawala & Hundi
ISLAMABAD - A high-level meeting to prevent smuggling and transfer of money through illegal methods like Hawala and Hundi was held in Islamabad on Monday.

Prime Minister Imran Khan chaired the meeting.

Secretary Commerce and FBR gave a detailed briefing to the prime minister on losses incurred to the national economy as a result of smuggling and illegal transfer of money.

The meeting decided to make existing laws more effective by making necessary amendments to prevent smuggling and Hawala and Hundi.

A committee was set up to bring required amendments in existing laws that will be chaired by Attorney General and consist of representatives from Customs, State Bank, FBR and FIA.

The committee will present its report to the prime minister in a week.

The prime minister directed the Interior Ministry to present recommendations regarding a robust and organized course of action with regard to administrative steps within a week.

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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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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