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Ogra rejects allegations in inquiry report on petroleum crisis

11:12 PM | 19 Dec, 2020
Ogra rejects allegations in inquiry report on petroleum crisis

ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) Spokesman Imran Ghaznavi Saturday rebutted a news editorial on the recent inquiry commission report on the fuel shortage that hit the country in June this year, terming it biased, misconceived and contrary to ground realities.

"The contents of the inquiry report are yet to be proved with sustainable evidence, a matter is still sub-judice in the Lahore High court (LHC)," he said in a press statement.

He added that the allegations leveled in the report against OGRA were felt as unfounded and unsubstantiated, which would be contested with vehement force at all legal and related forums.

"The editorial smacks to reflect some personal bias against the organization as the language used and analogies expressed are felt below the decorum and also against the established norms of decency while criticizing without having complete knowledge and background of the issue," he added.

Earlier this week, the 15-member Inquiry Commission on the June petroleum crisis recommended actions against oil supply companies and officials, and dissolution of Ogra.

The commission placed Ogra on top of the blaming list, saying “much of the mess that abounds in the oil industry pertains to Ogra and the related laws/rules”.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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