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In meeting with businessmen, COAS Munir assures transparency in dollar exchange rate

COAS highlights role of Special Investment Facilitation Council in meeting with traders

10:32 AM | 4 Sep, 2023
In meeting with businessmen, COAS Munir assures transparency in dollar exchange rate
Source: File Photo

LAHORE – Chief of Army Staff General Asim Munir interacted with business community members at the Corps Commander headquarters in Lahore on Sunday.

Media reports suggest that Gen Asim discussed the economic situation with business community members, along with Interim Punjab Chief Minister Mohsin Naqvi.

COAS highlighted the role of Special Investment Facilitation Council (SIFC), as the military now has a significant position in the new body, and serves as the national coordinator for both the apex and executive committees.

The army chief assured that SIFC’s focus is to attract substantial investments of up to 100 billion dollars from friendly nations like Saudi Arabia, and UAE. The top general revealed the formation of task forces focused on economic matters and different sectors.

In the meeting, Kashif Anwar, and other business community members, recommended active engagement with all chambers to incorporate diverse perspectives into the task force’s agenda.

Businessmen also shared views on soaring taxes and inflated bills and its impacts on daily lives, businesses, and masses.

Gen Asim Munir also promised transparency in the exchange rate and bringing currency exchanges into tax net. He assured that money exchanges would be brought under the purview of taxation, fostering transparency in dollar exchange and interbank rates.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

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.

On Saturday, Euro 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 - 24 February 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 2.10 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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