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NAB directed to probe controversial sale of PIA plane to German museum

09:53 PM | 10 Oct, 2017
NAB directed to probe controversial sale of PIA plane to German museum
ISLAMABAD - The Senate’s Public Accounts Committee (PAC) on Tuesday expressed strong anger over the PIA affairs and asked the National Accountability Bureau (NAB) to probe the controversy surrounding the sale of a Pakistan International Airlines plane.

Earlier this year, PAC had found that a PIA plane had gone missing. However, later it was revealed that the plane had been sold to a German museum.

The flight-worthy airplane was sold to the museum in Leipzig even though permission had not been sought, senators had said in March. No agreements were signed and the PIA did not receive any advance payment for the sale of the A-310, they had added.

As the PAC reviewed audit objections in connection with the aviation sector, Committee Chairman Khursheed Shah, said that the issue of the ‘missing’ plane brought a bad name to Pakistan.

The PAC Chairman Shah asked, “how come a plane of the national flag carrier reached Germany without any due process? He ordered NAB to investigate the matter and find out who had ordered the name of former acting chief executive officer (CEO) of the airline, Bernd Hildenbrand, to be removed from the Exit Control List.

In September, a minister had said that the former CEO had taken the plane home while leaving Pakistan.
The chairman of the Civil Aviation Authority (CAA) told the committee that a Malta-based film production company had hired the plane against $210,000. Later the plane was directly flown from Malta to a museum in Germany.

The chairman also told the committee that the foreign adviser of the PIA who had finalised the deal was an employee of the same company which was purchasing the plane.

In 2016 alone the national flag-carrier incurred estimated losses worth Rs37 billion.

As per the details provided by the official, PIA incurred the following losses in past four years:

2013: Rs44.32 billion
2014: Rs32.22 billion
2015: Rs32.53 billion
2016: Rs36.95 billion (estimated)

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 25 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 25, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.30.

Today’s currency exchange rates in Pakistan - 25 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.5 280.5
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.81 748.81
Canadian Dollar CAD 201 203.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

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