ISLAMABAD – The newly installed coalition government has approved the restoration of two-day weekly off at public offices and at educational institutions, Federal Information Minister Marriyum Aurangzeb announced following a cabinet meeting.
Prime Minister Shehbaz Sharif abolished two weekly offs for government employees in a major administrative decision soon after coming into power however that decision was revoked now as a country of nearly 221 million is facing a huge power crisis.
Reports in local media suggest that Power Division proposed the two weekly off as part of a new strategy to save energy amid a rising electricity shortfall.
The sharif-led cabinet was briefed on the looming power crisis and measures to cut power outages in the country however no decision was made about the early closure of markets.
Meanwhile, a cabinet sub-committee will now deliberate over the early closure of markets after taking stakeholders into confidence, per reports.
Amid the austerity measures, the federal cabinet also gave a nod to cut the 40percent fuel quota of ministers and government employees.
Despite stern measures by the coalition government, the energy crisis in Pakistan deepened as the power shortfall soared to 7,000MW. Currently, the demand for electricity has exceeded 27,200MW while the production capability rests at 21,000MW.
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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