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PIA privatisation challenged in Supreme Court

03:50 PM | 14 Dec, 2015
PIA privatisation challenged in Supreme Court
LAHROE (Online) - The proposed privatisation of Pakistan International Airline (PIA) has been challenged in the Supreme Court (SC) Lahore registry.

Petitioner Barrister Zafar Ullah took the plea that the government has promulgated an ordinance for privatisation of the national flag carrier, while the assembly was going to meet two days after the promulgation of the ordinance.

Read: PIA will be sold next year: Privatisation Commission

“The promulgation of ordinance two days before holding of assembly session was an unconstitutional step,” the petitioner has argued.

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The petitioner further said that no institution could be privatised without recommendations of the Privatization Commission.

Read more: No PIA employee to be fired, says Dar

Therefore, the court should nullify the ordinance for privatization of PIA, he prayed.

The writer is a member of the staff.

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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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