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PM Shehbaz renews his offer of a charter of economy

11:01 PM | 13 Aug, 2022
PM Shehbaz renews his offer of a charter of economy
Source: Government of Pakistan (Twitter)

ISLAMABAD – Prime Minister Shehbaz Sharif on Saturday renewed his offer of a charter of economy.

Addressing the nation on the eve of August 14, Pakistan's Independence Day, Sharif said, "It is the need of time that we as a nation continue our course in the right direction and don't allow national interest to be sacrificed at the altar of personal ego and stubbornness." 

Sharif said the government had committed itself to taking the country on the path of economic independence, adding that a "conception of freedom" without the former was impossible.

He credited the government's economic policies, such as clamping down on unnecessary imports, for the rupee's continuous appreciation against the US dollar.

"By adopting austerity, we will depend on our own resources like self-independent nations."

Sharif said the government had "worked hard day and night" to take the country out of the current economic crisis in a short time, because of which the country was saved from financial default.

The PM blamed the PTI government's economic policies and decisions for much of the country's woes, adding that it left the country's biggest trade deficit in history for which loans had to be taken from allied nations and international financial institutions.

A link to the prime minister's speech is copied below.

Earlier, the information minister shared no details about the address but said the address is expected to be in connection with the 76th Independence Day.

Some media reports suggested that the premier was likely to release a re-recorded version of the national anthem, however, no official commented on the matter.

Earlier, PM commended the team behind the re-creation of the anthem including the information ministry, steering committee and Intern Services Public Relations (ISPR).

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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