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Pakistan allocates Rs48b for elections in Budget 2023-24

11:02 PM | 10 Jun, 2023
Pakistan allocates Rs48b for elections in Budget 2023-24
Source: File photo

ISLAMABAD – The Pakistani government has allocated Rs48 billion in the federal budget 2023-24 for the upcoming elections in the country.

The Election Commission of Pakistan (ECP) would get this amount to conduct the general elections across Pakistan, which are likely in October this year.  

Finance Minister Ishaq Dar presented the budget 2023-24 in the National Assembly on June 9, allocating Rs48 billion for the upcoming elections. This amount has been allocated by the government in the form of a special grant for the elections.

According to the budget document, Rs7.78 billion is proposed to be allocated for the annual expenditure of the Election Commission of Pakistan.

With the looming elections in mind, the coalition government led by Prime Minister Shehbaz Sharif presented an expansionary budget for fiscal year 2023-24, increasing salaries of federal government employees by a massive 30-35 per cent and development expenditure by 33pc. Also, the government announced tax incentives for agriculture, information technology, construction and industry.

Daily Pakistan Global Web Desk

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 22 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 22, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.25 and selling rate is 303.25.

British Pound rate is 354.75 for buying, and 358.25 for selling. UAE Dirham AED was at 76.4 and Saudi Riyal lowered to 73.60.

Currency Rates Today

Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.25 303.25
UK Pound Sterling GBP 354.75 358.25
U.A.E Dirham AED 76.40 77.15
Saudi Riyal SAR 73.60 74.32
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.50 205.50
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.70 36.05
Indian Rupee INR 36.05 36.05
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 202.00 204.00
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.50 7.65

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