Finance adviser, Defence minister laud armed forces for limiting defence budget

11:00 PM | 5 Jun, 2019
Finance adviser, Defence minister laud armed forces for limiting defence budget
ISLAMABAD – Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has appreciated the armed forces for limiting their budget for the next fiscal year in line with broader austerity measures being introduced by the government.

In a tweet, the de-facto finance minister said the move will contribute towards government's drive of managing expenditures, reducing fiscal deficit and achieving economic stability.

Dr Shaikh said all of us have to play our role in meeting our national goals.

Last night, Prime Minister Imran Khan had appreciated the military for taking a voluntary initiative to slash the defence budget.

The premier noted that these cuts were agreed to despite “multiple security challenges”.

Khan promised that the money saved would be diverted to aid the development of the merged tribal areas and Balochistan.

Meanwhile on Wednesday, Minister for Defence Production Zubaida Jalal also highly appreciated the Armed Forces' decision regarding a voluntary cut in defence budget for development of Balochistan and recently merged tribal areas.

"It will set an exemplary precedent for the development of these areas," she said in a brief statement.

Daily Pakistan Global Web Desk


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter