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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 rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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