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K-Electric to face NAB inquiry over loadshedding, flouting agreement

06:46 PM | 16 Jul, 2020
K-Electric to face NAB inquiry over loadshedding, flouting agreement

ISLAMABAD – Chairman National Accountability Bureau (NAB) Justice (retd) Javed Iqbal on Thursday directed Karachi Bureau to conduct inquiry against Karachi Electric for flouting of the agreement with the government.

Taking notice of media reports and peoples' complaints against the K Electric, the chairman directed NAB Karachi to complete the inquiry within a period of three months so that the responsible could be pushed to stand in the dock.

He directed NAB Karachi to probe reasons of unscheduled load shedding, over billing and violation of agreement.

According to agreement, the K Electric was bound to invest for modernizing the electricity generation and transmission system but failed miserably to honour the agreement.

Chairman directed the NAB Karachi to obtain the copies of agreement, relevant documents and details of the volume of investments promised in the agreement.

Chairman said NAB is a national institution which believes in working as per law.

NAB will never allow K Electric to fleece billion of rupees from the consumers by over billing, resorting to unscheduled load shedding and blatant violation of the agreement.

NAB believes in Accountability sans any discrimination, the chairman said.

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

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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