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PM Imran seeks speedy restructuring of PIA

07:39 PM | 19 Jun, 2020
PM Imran seeks speedy restructuring of PIA

ISLAMABAD - Prime Minister Imran Khan on Friday emphasized the need to expedite the process of reforms and restructuring of Pakistan International Airlines (PIA) to save billions of rupees of the national exchequer.

Chairing a meeting about reforms in the PIA, he said taking out national institutions of losses, and making them active and stable was an important part of the present government’s agenda.

The prime minister said there was a need to expedite the reforms process in government institutions as the people had to bear the burden of their billions of rupees’ losses.

The prime minster said that by making the national institution like PIA profitable, it was necessary to ensure the best utilization of all its available resources in a transparent manner, besides expediting its administrative reforms process.

The meeting reviewed progress on reforms in the PIA, ways to save it from further losses and make it a profitable institution. It was told that after the induction of the present administration, the PIA’s losses had reduced satisfactorily and at operational level it was in a position to run flights without bearing any loss. However, it was informed that the COVID-19 situation had affected the efforts.

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

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 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 - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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