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


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 25, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279 for buying and 280.75 for selling. Euro's buying rate moved up to 301.75 and selling rate is 303.85.

British Pound rate is 356 for buying, and 360.25 for selling. UAE Dirham AED was at 76.65 and Saudi Riyal hovered at 73.90.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279 280.75
Euro EUR 301.75 303.85
UK Pound Sterling GBP 356 360.25
U.A.E Dirham AED 76.65 77.4
Saudi Riyal SAR 73.90 74.63
Australian Dollar AUD 184.95 186.75
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.65 205.65
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.75 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.4 204.4
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.55 7.7


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