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PTI government announces Ramazan relief package worth Rs7.8 billion

10:14 PM | 16 Mar, 2021
PTI government announces Ramazan relief package worth Rs7.8 billion

ISLAMABAD –  The federal government Tuesday approved a relief package worth Rs.7.8 billion to facilitate the people amid growing inflation in the country. 

The decision was taken in a cabinet meeting chaired by Prime Minister Imran Khan. It was agreed relief will provided on 19 essential items through the Utility Stores across the country. 

Minister for Industries and Production Hammad Azhar while addressing a press conference, flanked by Science and Technology Minister Fawad Chaudhary said that the sale of Utility Stores Corporation is likely to touch Rs100 billion this year, adding that it would also earn profit.

Furthermore, the cabinet has also agreed to run two small urea plants of private sectors from this month to meet agriculture demands. Large scale manufacturing witnessed a growth of 9.1 per cent in January this year. 

Fawad Chaudhary said that the cabinet has also ordered forensic audit of the loss-making entities which will be conducted in different phases. In the first phase, audit of ten entities will be conducted and it is expected to be completed by June 30 this year.

He said that 51 out of 85 state-owned enterprises have become profitable which were loss-making in the past, adding that the change has happened due to prudent polices of the government.

An approval was also granted to new arms licensing policy about prohibited and non-prohibited bore.

Further elaborating the points discussed in the Cabinet meeting, the minister informed that the government will issue smart cards to Afghan refugees in the country, having Proof of Registration (PoR), so their life can be made better.

He said it was revealed to the cabinet that only 27 percent of Pakistan’s population has access to piped gas and now the government is working to formulate a mechanism to extend this facility to majority of the population.

Tax exemption has been approved on auto-disable syringes to provide medical relief and help prevent spread of various diseases.

He said the cabinet also validated decisions of the Institutional Reforms Committee and Prime Minister Imran Khan directed to expedite the reforms process. He said the cabinet gave ex post facto to 17 platoons of Gilgit-Baltistan Scouts for security duty.

Speaking on recent political events, the minister said that PTI will never back down on transparency and accountability in elections. The PM has directed the federal cabinet be briefed on weekly-basis in electronic voting machines to make the polling process credible and transparent.

He said the cabinet also expressed concern over growing cases of Covid-19.

Daily Pakistan Global Web Desk

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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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