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Punjab development plan unveiled

IT City, air ambulance service and Punjab Education Programme are the key projects

09:17 PM | 18 Mar, 2024
Punjab Finance Minister Mujtaba Shujaur Rehman
Source: File photo

LAHORE – Just a few days after assuming charge of his office, Punjab Finance Minister Mujtaba Shujaur Rehman has said the government will set up an IT city and launch an air ambulance service and the Punjab Education Programme in the province.

Presenting budgetary proposals during the Punjab Assembly session on Monday, Rehman said Rs10 billion would be spent on the IT City and Rs2 billion on the Punjab Education Programme. He said that merit and transparency would be ensured in every project. He said that people's welfare would be guaranteed and the poor would be provided relief. 

“Today, I am presenting the first people-friendly budget of our government. We have got the leadership that has given a new vision of service to the cabinet and the bureaucracy,” he said, and promised good governance in Punjab. 

The finance minister said the Ramadan Relief Package was being delivered to people on their doorstep. He said that Rs30 billion has been allocated for the Ramadan Relief Package. 

Rehman said the price control system had been activated and a zero-tolerance policy was being adopted against hoarding and profiteering. He said the overall volume of the budget for the financial year 2023-24 was Rs4,480.700 billion, with estimated revenue collection of Rs3,331.700 billion. Under the NFC Award, he said, Punjab would receive Rs2,706.400 billion.

During the budget speech, the opposition created a ruckus, tore up budget copies, rejected the budget as 'fake,' and chanted slogans such as “fake government”.

Rehman placed a picture of PML-N supremo Nawaz Sharif on the desk during his budget speech, while opposition members surrounded the speaker's dais and chanted slogans against the budget under the leadership of Rana Aftab.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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