ISLAMABAD — The federal government has proposed eliminating customs duty on solar panels and its related equipment in the budget for the fiscal year 2023–2024 in an effort to promote power generation using alternative energy sources.
The initiative aims to support domestic solar panel producers and promote solar energy consumption throughout the nation.
The government proposes to exclude inverters, batteries, and other similar equipment from the duty in the financial bill.
In light of the country's serious economic and political challenges, Finance Minister Ishaq Dar unveiled the federal budget for the fiscal year 2023–2024 with a total expenditure of more than Rs14 trillion.
Pakistani currency rates against US Dollar and other currencies on July 4, 2024 (Thursday) in open market.
US dollar was being quoted at 277.9 for buying and 280.95 for selling.
Euro's buying rate moves up to 294.5 and selling rate is 298 while British Pound rate is 350.5 for buying, and 353.5 for selling.
UAE Dirham AED was at 75.05 and Saudi Riyal increases to 73.2.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.9 | 280.95 |
Euro | EUR | 294.5 | 298 |
UK Pound Sterling | GBP | 350.5 | 353.5 |
U.A.E Dirham | AED | 75.05 | 75.8 |
Saudi Riyal | SAR | 73.20 | 74 |
Australian Dollar | AUD | 182.2 | 184 |
Bahrain Dinar | BHD | 740.22 | 748.22 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.29 | 38.69 |
Danish Krone | DKK | 40.03 | 40.43 |
Hong Kong Dollar | HKD | 35.63 | 35.98 |
Indian Rupee | INR | 3.34 | 3.45 |
Japanese Yen | JPY | 1.90 | 1.98 |
Kuwaiti Dinar | KWD | 907.71 | 916.71 |
Malaysian Ringgit | MYR | 58.99 | 59.59 |
New Zealand Dollar | NZD | 169.34 | 171.34 |
Norwegians Krone | NOK | 26.14 | 26.44 |
Omani Riyal | OMR | 722.87 | 730.89 |
Qatari Riyal | QAR | 76.44 | 77.14 |
Singapore Dollar | SGD | 202 | 204 |
Swedish Korona | SEK | 26.27 | 26.57 |
Swiss Franc | CHF | 309.01 | 311.51 |
Thai Bhat | THB | 7.55 | 7.70 |
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