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Federal Government bans wheat import and export to stabilize local market

07:27 PM | 12 Jul, 2024
Wheat purchase

The federal government has officially imposed a ban on the import and export of wheat, as announced through a series of notifications.

In a significant policy shift, the federal government has amended the Import Policy Order and Export Policy Order, immediately enforcing a prohibition on the import and export of wheat. This decision comes as part of the government's measures to regulate the wheat supply in the country.

Separate notifications were issued to communicate the bans. The first notification details the immediate prohibition on wheat imports, highlighting the urgency and necessity of the measure.

The second notification expands the scope of the ban to include all wheat-derived products. This includes a comprehensive ban on the export of wheat, wheat flour, maida, and suji, ensuring that the domestic market retains these essential food items.

These measures are expected to stabilize the local market and address potential supply shortages. The federal government's decisive action reflects its commitment to securing food resources and managing the wheat supply chain effectively.

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 21 August 2024

Pakistani rupee rates against US Dollar and other currencies on August 20, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was quoted at 279.5 for buying and 280.4 for selling. Euro's buying rate moved up to 306.4 and the selling rate is 308.6.

British Pound rate is 360 for buying, and 362.3 for selling. UAE Dirham AED was at 75.9 and Saudi Riyal hovered at 73.82.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 280.5
Euro EUR 306.4 308.6
UK Pound Sterling GBP 360 362.3
U.A.E Dirham AED 75.9 76.32
Saudi Riyal SAR 73.82 74.52
Australian Dollar AUD 185.65 189.25
Bahrain Dinar BHD 734 739.5
Canadian Dollar CAD 202.65 207
China Yuan CNY 38.29 38.69
Danish Krone DKK 40.03 40.43
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.97 1.98
Kuwaiti Dinar KWD 905.45 910.6
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 723.4 728.5
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.27 26.57
Swiss Franc CHF 319.5 324.5
Thai Bhat THB 7.57 7.72

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