BoP president miraculously survives PIA plane crash

05:12 PM | 22 May, 2020
BoP president miraculously survives PIA plane crash

KARACHI - In what can be called a miracle, Bank of Punjab President Zafar Masud only sustained injuries in a plane crash of Pakistan International Airport (PIA) near Karachi airport on Friday.

PIA flight PK-8303 crashed in a populated area of Madina Colony in Malir, around four kilometers away from the airport. The incident reportedly occurred due to technical fault in the landing gear of the ill-fated plane.

There were 99 people including eight crew members were on board in the plane.

The BoP president has been shifted to hospital, where he has been placed in the intensive care unit. He suffered arm fracture in the crash. 

Zafar Masud had been appointed the president and CEO of the Bank of Punjab (BoP) by the Punjab government in March 2020.

Pakistan Army medical teams, rangers and law enforcement personnel have reached the crash site to assist the civil administration. Pakistan Air Force (PAF) has assured full cooperation in the ongoing rescue efforts.

A number of houses were damaged in the plane crash incident while the electricity in the area has been cut off. 

Daily Pakistan Global Web Desk


Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
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 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94


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