ISLAMABAD: France on Tuesday pledged Euros 500,000 (Rs85 million) as technical assistance to Pakistan for capacity building of the Private Power and Infrastructure Board (PPIB).
Secretary of Economic Affairs Division Syed Pervaiz Abbas, Ambassador of France Marc Barety, and Country Director of the French Agency for Development (AFD) Philippe Steinmetz signed the grant financing agreement worth Euros 0.5 million.
“This technical assistance will support PPIB in its mandate of hydroelectricity sector development in Pakistan while enhancing the competitiveness of renewable power generation,” a statement said. “Such benefits will contribute to improving affordability and scaling up supply of energy while mitigating the impacts of power generation on climate and environment, in line with the policies of the government of Pakistan.”
The technical assistance will focus mainly on developing a mechanism for tariff-based bidding of hydroelectric power projects, including preparation of standard prequalification documents and requests for proposals, assisting PPIB in matters related to the development of hydroelectric projects in the country including feasibility studies review, capacity building of PPIB staff, and provision of technical, financial, legal and management trainings.-PR
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.
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 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.