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PM Shehbaz Sharif announces economic relief for public in his first address

Sharif raises minimum wage of govt employees to Rs25,000

06:10 PM | 11 Apr, 2022
PM Shehbaz Sharif announces economic relief for public in his first address
Source: @shehbazsharif_Instagram

ISLAMABAD – Newly elected Prime Minister Mian Shehbaz Sharif announced a host of economic relief measures for the public in his first address.

Speaking on the floor of the house, Sharif announced an increase in the minimum wage of public employees, fixing it at Rs25,000 per month effective from April 1st. He also announces an increase of ten percent in salaries and pensions of government workers.

Announcing the revival of the Benazir Income Support Card, Sharif said that the poverty reduction program would be further expanded across Pakistan. Shahbaz mentioned that the happiness of the masses can be seen through economic indicators.

He also noted that the Pakistani currency regained its value, which was trading at Rs190 per dollar and closed at Rs182 per dollar today.

Earlier in the day, Sharif secured 174 votes as opposed to PTI's Shah Mahmood Qureshi, who received no votes after his party walked out.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

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 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 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 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
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 207.1 209.1
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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