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Khyber Pakhtunkhwa extends retirement age for civil servants

08:24 PM | 14 Jun, 2019
Khyber Pakhtunkhwa extends retirement age for civil servants
PESHAWAR - In a landmark decision the Provincial Cabinet of Khyber Pakhtunkhwa Friday approved an increase in retirement age of the government employees from 60 to 63 years, in a bid to making Rs24 billion saving per annum.

Chief Minister Mehmood Khan chaired the meeting of the provincial cabinet. Outlining the silent feature of the meeting, the Information Minister Shaukat Yousafzai told the media men in a press briefing that retirement age for government employees in education and health sector in India was 65 years whereas it was 65 in European countries and Brazil, 62 in Japan and 67 in America.

He informed that under article 240(b), the provincial government has the power to enact legislation from the provincial legislature to this effect. He recalled that initially in Civil Servant Act 1973, the retirement age for government employees was 50 which was later enhanced to 60 and enforced from the last 35 years.

The life expectancy in Pakistan has increased to 63 years in 2018 from 55 in 1973 he said adding that each year around 5000 employees reached the age of superannuation where the ratio of premature retirement is also around 50/50. Therefore, the number of employees attaining the age of 60 has reached to 2500 which cost Rs.6billion to the provincial kitty.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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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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