President Mamnoon's five-year term ends today; Arif Alvi to take oath on Sunday

08:52 AM | 8 Sep, 2018
President Mamnoon's five-year term ends today; Arif Alvi to take oath on Sunday
ISLAMABAD - President Mamnoon Hussain will be stepping down today at the end of his five-year term.

A farewell ceremony will be held where the outgoing president will be presented with a guard of honour. His successor, Dr. Arif Alvi, is scheduled to be sworn in on Sunday.

Mamnoon Hussain was elected as the 12th President of Pakistan in July 2013 and since then he addressed the joint parliament for the four times. He made all speeches in Urdu language as he has also been worked for the promotion of the mother language.

Hussain, a 77-year-old textile businessman from Karachi, rose to the presidency during the tenure of Pakistan Muslim League-Nawaz (PML-N) replacing Asif Ali Zardari, the former president.

Dr Arif Alvi, a candidate of ruling Pakistan Tehreek-e-Insaf (PTI), was declared 13th president of the country by the Election Commision of Pakistan (ECP) after the electoral college used their right to vote through secret balloting.

According to the official results, the PTI’s Dr Arif Alvi trounced his two rivals by grabbing 352 votes followed by Maulana Fazlur Rehman, a candidate of PML-N and MMA who bagged 184 votes.

Pakistan Peoples Party (PPP) came third in the presidential election race with its candidate Aitzaz Ahsan clinching 124 votes.





Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 2 March 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 2, 2024 (Saturday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 2, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 27.13 27.43
Swedish Korona SEK 314.07 316.57
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89


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