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Is Pakistani-American businessman donating $1B for dams fund?

01:33 PM | 9 Sep, 2018
Is Pakistani-American businessman donating $1B for dams fund?
ISLAMABAD - After an appeal made by Prime Minister Imran Khan to the nation for donations of funds to curb water crisis, residents and overseas Pakistanis have responded overwhelmingly to the national cause raising the amount to nearly Rs2 billion.

The assumptions started making rounds over the internet after Pakistan Tehreek-e-Insaf (PTI) Senator Faisal Javed reportedly told PM Khan that a Pakistani-American Shahid Khan was willing to donate 1 billion USD.

https://en.dailypakistan.com.pk/headline/pm-imran-khan-to-address-nation-today/

However, there was no confirmation from billionaire businessman and philanthropist who is also the owner of Fulham Football Club.

Meanwhile, Senator Faisal Javed rejected the rumors saying that he did not make any statement like this.

https://twitter.com/FaisalJavedKhan/status/1038674169037238272

Earlier, PM Khan urged Pakistanis in Europe and the US to contribute $1000 at least, adding that no one will give us loans but we have to construct this dam.

The prime minister said it was important for Pakistan to build dams as failure to do so would be detrimental to future destinations.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 23 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 23, 2024 (Friday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.45 for selling.

Euro comes down to 301 for buying and 304 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 75.95 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 23 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279.5 282.45
Euro EUR 301 304
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 75.95 76.7
Saudi Riyal SAR 74.25 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.60 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal ‎QAR 76.76 77.43
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.87
Thai Bhat THB 7.79 7.94

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