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Olaf Scholz takes over as German chancellor

11:40 PM | 8 Dec, 2021
Olaf Scholz takes over as German chancellor

BERLIN – Olaf Scholz from Germany's Social Democratic Party (SPD) was sworn in as Germany's new chancellor on Wednesday with a promise that he would do all he could to work towards a new start for the European country.

According to the German Bundestag, or the lower house of Parliament, Scholz got 395 of the 707 votes, well above the 369-vote majority required in the 736-seat Bundestag.

The newly-elected chancellor then went to the official residence of the Federal President at Bellevue Palace where he was appointed by President Frank-Walter Steinmeier.

Scholz was then sworn in at the Bundestag.

Later in the day, the new government's ministers were also appointed. In the afternoon, Scholz officially took over the chancellery from Angela Merkel, who leaves after a .

The SPD won the federal election at the end of September. Scholz will lead the country's first three-party coalition of SPD, the Greens and the Free Democratic Party (FDP). The parties signed a 177-page coalition agreement on Tuesday.

His first foreign trip as chancellor will be to Paris and Brussels on Friday, the BBC reported.

Daily Pakistan Global Web Desk

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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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