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Finance Minister Dar reviews financing of infrastructure projects in country

02:55 PM | 22 Jan, 2017
Finance Minister Dar reviews financing of infrastructure projects in country
ISLAMABAD - Federal Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting on Sunday to review the financing of infrastructure projects in the country.

The Finance Secretary briefed the minister on the status of financing of major infrastructure projects in the country. He also presented various measures and options for financing of various projects in the pipeline.

The finance minister stated that while the government has substantially increased financing for infrastructure development, the physical infrastructure will continue to require further improvement for which greater resources would be required.

He stressed on the need for efficient utilization of resources and stated that timely completion of development projects was imperative to get maximum benefit from them. He directed the ministry to explore new and innovative ways of financing infrastructure development.

He also directed the ministry to consult various stakeholders and finalize the broad contours of infrastructure financing policy, which should form the basis for infrastructure financing in the future.

The meeting was attended by Secretary Economic Affairs Division, Special Finance Secretary and other senior officials of Ministry of Finance.

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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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