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11 Saudi princes detained over economic protest: report

05:22 PM | 6 Jan, 2018
11 Saudi princes detained over economic protest: report
RIYADH - Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh for staging a protest against the kingdom's austerity measures, Saudi media reported on Saturday.

The princes were demonstrating against a government decision to suspend payment of their utility bills, according to a report from the Saudi news website Sabq.

Upon arrest, they were reportedly sent to Ha'ir prison, a maximum-security facility south of Riyadh.

Saudi Arabia recently introduced a raft of economic reforms, including a value-added tax (VAT) and a halt to state payments of water and electricity bills for royal family members.

On Saturday, King Salman decreed a series of financial payouts to ease the cost of living. Each government employee will receive a monthly bonus of 1,000 riyals ($267) for the next year, while military personnel serving in Yemen will be paid a one-off fee of 5,000 riyals ($1,000).

Students will have their allowances increased by 10 percent for the next year, while retirees and social security recipients will get a monthly stipend of 500 riyals ($133).

According to Saturday's decree, the Saudi government will absorb the cost of the tax for citizens purchasing private healthcare and education, and for first-time homebuyers of properties valued at up to 850,000 riyals ($226,660).

Saudi officials are yet to comment on latest arrests.

https://en.dailypakistan.com.pk/headline/saudi-arabia-arrests-11-princes-dozens-of-ex-ministers-including-prince-talal-in-sweeping-purge/

'Crackdown on corruption'

Last year, Saudi Arabia pursued a sweeping purge of the kingdom’s upper ranks by freezing the accounts of dozens of princes, ministers and a tycoon arrested as Crown Prince Mohammad Bin Salman cemented his hold on power.

Prince Alwaleed bin Talal was rounded up, along with about 200 prominent Saudi royals and businessmen, in a so-called "anti-corruption probe" on Nov. 8, immediately after a new anti-corruption commission headed by Crown Prince Mohammed bin Salman was established by royal decree.

Separately, the head of the Saudi National Guard, once a leading contender to the throne, as well as the navy chief and the economy minister were replaced in a series of high-profile sackings that sent shock waves through the kingdom.

The dramatic shake-up comes at a time of unprecedented social and economic transformation in ultra-conservative Saudi Arabia, as Prince Mohammed steps up his reform drive for a post-oil era.

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
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 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
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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