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In a first, Pakistan returns Hajj quota to Saudi Arabia amid economic crisis

12:55 PM | 6 May, 2023
In a first, Pakistan returns Hajj quota to Saudi Arabia amid economic crisis
Source: File Photo

ISLAMABAD – The Pakistani government has surrendered the quota of Hajj pilgrimage to Saudi Arab owing to a shortfall of applications amid rising inflation and shortage of dollar. 

Reports said it is happening for the first time that the quota allocated to Pakistan is still available as the financial crunches have made it difficult for people to perform religious rituals. 

The Ministry of Religious Affairs took the decision after getting approval from the federal cabinet as the move will $24 million for the cash-strapped country. 
The kingdom had allocated the quota of 179,000 pilgrims to Pakistan for the first since Covid affected the Hajj operation. A quota of 89,605 Hajj pilgrims had been set under the government scheme while the remaining was given to the private sector. 

However, Pakistan could not complete the quota under the government scheme as there was shortfall of 8,000 applications. Now the extra quota has been returned to the kingdom to avoid additional expenses. 

It may be recalled. that the expense of government sponsored Hajj is around Rs1.2 million.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
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 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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