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Budget 2021-22: Pakistan fixes Rs8.341 billion for Science, Technological Research Division

07:15 PM | 11 Jun, 2021
Budget 2021-22: Pakistan fixes Rs8.341 billion for Science, Technological Research Division

ISLAMABAD – The federal government has allocated Rs 8341 million for 24 ongoing and 20 new schemes of Science and Technological Research Division in Public Sector Development Programme (PSDP) 2021-22.

A total of Rs 5055 million has been earmarked for the ongoing schemes of the division while Rs 3285.305 million for the new schemes. Among the ongoing schemes, Rs 3500 million has been earmarked for Pak University of Engineering and Emerging Technologies (PUEET) (Knowledge Economy Initiative), Rs 200 million each for Monitoring Sea Level Rise, Sea Water Intrusion and Land Subsidence in Indus Deltaic Creek System with Special reference to Sindh Coastal Cities flooding, NIO and Advanced Skill Development through International Scholarships (Knowledge Economy Initiative).

As many as Rs 150 million each has been allocated for Certification Incentive Programme for SMEs under PQI Initiative 2025 and Competitive Research programme while Rs 109.970 million has been earmarked for Establishment of Pak-Korea Testing facility for PV Modules and Allied Equipment, PCRET (Local share; Rs 40.522 million to be funded through PSDP) KOICA share: USD 8:00 million (Rs 1319.550m).

While, Rs 103 million has been earmarked for Establishment of Center for Artificial Intelligence (AI) in Health Science (Knowledge Economy Initiative) and Rs 100 million each for Establishment of Facilities for Industrial Production of Nanomaterials in Latif Ebrahim Jamal Nanotechnology Center (Knowledge Economy Initiative) and Science talent Farming Scheme for Young Students-Phase I.

Among the new schemes, Rs 400 million each has been allocated for Gene Editing of Biological Agents for Nutritional Biochemical and Therapeutical Purpose and National technology Innovation through Industry-Research Center and other Stakeholders Collaboration.

Meanwhile, Rs 350 million has been allocated for Digital Transformation, Strengthening and Automation of PCSIR, Rs 335.305 million for Development of Computer Controlled Fermentors and Production of Bio-chemicals and Bio-products and Rs 300 million for Establishment of Material Resource Center and Development of Additive Manufacturing and Reverse Engineering Center at PCSIR.

Official documents show that an amount of Rs 200 million each has been earmarked for Research, Development and Innovation at PCSIR and Upgradation of Halal Authentication Labs at PCSIR Laboratories Complex, Lahore, Karachi and Peshawar.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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