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PML-N hints at hike in petrol, electricity prices

11:20 AM | 20 Apr, 2022
PML-N hints at hike in petrol, electricity prices
Source: File Photo

KARACHI – PML-N senior leader Shahid Khaqan Abbasi said that the incumbent government will have to take tough decisions about domestic prices of petroleum products and electricity due to hike in international prices.

Talking to media in the port city, Abbasi said that current fuel price in Pakistan is lower than the cost price and it is putting burden on the under pressure economy.

He hinted the surge in fuel prices days after Prime Minister Shehbaz Sharif continued the relief announced by his predecessor Imran Khan and did not revised the prices upward as recommended by the Oil and Gas Regulatory Authority (Ogra).

In February this year, former PM Imran Khan announced that petroleum prices will not be jacked up till the announcement of budget for the next fiscal year.

Shahid Khaqan Abbasi told media that tough decisions are the need of the hour to revive the economy.

He said that government officers had expressed reservations about the National Accountability Bureau (NAB), adding that this institution must be abandoned.

It would be impossible to run the country in presence of NAB, he said and hoped that the federal cabinet will take suitable decision in this regard.

“We will not level accusations or put people in jail, but those who are involved in corruption and looting country will have to be answerable,” Abbasi said.

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 4 March 2024

Pakistani rupee remains stable against US dollar in the open market on March 4, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan - 4 March 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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