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Punjab Bike Scheme 2024: Check latest update for Delivery Process and Payment options

10:39 AM | 18 May, 2024
Punjab Bike Scheme 2024: Check latest update for Delivery Process and Payment options

The e-balloting for Chief Minister Punjab Bike Scheme was done last week and the names of the Lucky Winners were announced and now students are looking for the delivery process of petrol and e-bikes.

In the first phase, around 19,000 petrol motorcycles and 1,000 electric bikes will be distributed among students through balloting, with a dedicated quota for female students.

Out of the 19,000 petrol bikes, 11,676 are allocated for male students and 7,324 for female students. For 1,000 electric bikes, 700 are reserved for male students and 300 for female students.

CM Punjab Bike Delivery  

Following the announcement of winners, Bank of Punjab (BOP) will conduct financial scrutiny of the guarantor and co-borrower. Only students who pass this scrutiny will be declared successful in receiving the bikes.

The bike delivery process will start once down payment is received, with the vendor or dealership booking the bike or providing its chassis and engine numbers for insurance purposes. Bank will then arrange insurance and issue a delivery order for bike collection.

Sources familiar with development told media that bike delivery process is expected to start before the upcoming budget, but the date is yet to be announced by the provincial authorities.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Pound, Dirham, Riyal - 20 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 20, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Forex Rates

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegian Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Baht THB 7.58 7.73

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