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Punjab CM Maryam launches distribution of interest-free bikes among students 

05:28 PM | 11 Jul, 2024
Punjab CM Maryam launches distribution of interest-free bikes among students 
Source: File Photo

LAHORE – Punjab Chief Minister Maryam Nawaz has launched the distribution of bikes among students under Punjab motorcycle scheme 2024.

The chief minister handed over the keys of 16 e-bikes to the eligible students at a ceremony attended by senior provincial minister Marriyam Aurangzeb and other officials. 

Speaking the occasion, CM Maryam Nawaz said it was the first phase, adding that number of motorcycles would be increase in next phases. She said the motorcycles were being given to students on installments at zero percent markup. 

She said the Punjab government had fulfilled its promise of providing motorcycle to students in four months, adding that the distribution of laptops would also be started soon. 

The chief minister said that battery of the e-bikes would also be insured, adding that charging points would be setup in universities to facilitate the students. 

Under the Chief Minister Youth Initiative, the government will be provide 19,000 petrol bikes and 1,000 e-bikes through Bank of Punjab under the interest-free installment plan. The provincial government will provide a subsidy of Rs1 billion for interest-free bikes.

Students of degree colleges and university are eligible to apply for the interest-free motorcycle.

In the first Phase 1 of the scheme, regular students from Faisalabad, Multan, Bahawalpur, Rawalpindi and Lahore will be given motorcycles.

For the programme, the government had received total 72, 640 applications. Out of which, 57,366 students have applied for the petrol motorcycle and 15, 274 has submitted applications for e-bikes.

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US Dollar, Euro, Dirham, Pound, Riyal Rate in Pakistan Today - Currency Rates 20 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 20, 2024 (Saturday) 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 301.35 and selling rate is 303.25.

British Pound rate is 354.85 for buying, and 358.35 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.70.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.35 303.25
UK Pound Sterling GBP 354.85 358.35
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.7 74.42
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 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 202 204
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.5 7.65

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