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Pakistan approves first music policy

11:03 PM | 10 Aug, 2023
Pakistan approves first music policy
Source: Instagram

ISLAMABAD – Pakistan's federal cabinet has taken a historic stride by approving the nation's inaugural music policy.

In a landmark decision during a meeting chaired by Prime Minister Shehbaz Sharif, the cabinet ratified the music policy on Wednesday. Notably, the music sector had remained unchanged at legal, administrative, and policy levels since 1970.

Information Minister Marriyum Aurangzeb spearheaded the formulation of a comprehensive draft aimed at reinvigorating the music, film, and drama industries. This pioneering music policy is poised to effectively tackle challenges like piracy and copyright concerns that have plagued the music industry.

The newly introduced policy seeks to consolidate public performance, production, distribution, duration, mechanical, and communication rights within a robust legal framework. By doing so, it promises to address issues surrounding licensing and user conflicts, thus paving the way for a flourishing music industry.

Additionally, this policy promises to safeguard the fundamental legal rights of music professionals and curtail monopolistic practices, presenting a comprehensive solution to the concerns raised by various stakeholders in the music domain, including those related to copyright matters.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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