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Over Rs400 million provided to PHF for promotion of Hockey in five-year

02:06 PM | 23 Dec, 2018
Over Rs400 million provided to PHF for promotion of Hockey in five-year
LAHORE - The government has provided a sum of over Rs425 million to Pakistan Hockey Federation (PHF) during the last five years for promotion of hockey as the national game of the country.

“PHF is the premier entity for selection, training, and coaching of hockey players and as well as to represent Pakistan internationally,” an official in the Ministry Inter Provincial Coordination told APP.

He said the federal government was committed to promoting the national game and providing annual as well as special grants in financial allocations as per budgetary resources.

The official said that additionally, PHF generates its own funds from sponsorship and grants in aid from other sources as well.

To a question, he said the government provides regular annual grants, special and supplementary financial grants to the National Sports Federations to promote football in the country at the grassroots level, which takes care of promotion and development of the games.

He said the government was also committed to the well-being of the national sports heroes as they are pride for the county.

To cater for welfare and well-being of sportspersons, he said a scheme titled "Pakistan Culture, Arts and Sports Foundation" was launched in 1991 under the provisions of Charitable Endowment Act, 1890, to provide financial assistance to artists, artisans, and sportspersons and their dependents in case of death, permanent disability, serious illness as well as scholarships for educational purposes.

The scheme was established with an endowment fund of Rs30,000 million provided by the federal government. Likewise, the government initiated the Pakistan Sports Foundation Relief Fund in August 2007, with a view to providing financial assistance to sportspersons, exclusively, he said.

About the criteria and eligibility, the official said it is mentioned in rule 2 (b) of Pakistan Sports Foundation Relief Fund (PSFRF) Rules 2007.

The official said as a welfare step of former sports veterans, Pakistan Sports Board has been paying the stipend to the sportspersons and beneficiaries regularly Rs 5,000 per month.

Additionally, he said the sports heroes are also bestowed with President’s Pride of Performance Award with handsome cash award every year that can also be reckoned as a well-being oriented step.

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

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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