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Will govt employees receive salaries with delay in January 2024? 

07:31 PM | 23 Dec, 2023
Will govt employees receive salaries with delay in January 2024? 
Source: File Photo

ISLAMABAD – The Ministry of Finance on Saturday rejected media reports regarding any delay in release of funds for development projects and salaries of federal government employees as “baseless and false”. 

It would have been appropriate for the news channel to contact Finance Division's spokesperson before airing such news, but unfortunately this was not done so, said a clarification received from Finance Division’s spokesperson. 

Pakistan remains on track to meet all commitments of the IMF programme, evident from the smooth and successful completion of the Staff Level Agreement (SLA) of the first review. 

Important fiscal highlights relating to funds availability are as follows: FD has already released quarter 2 funds both for current (salary pension and non-ERE) and development expenditure. 

Further, PD & SI Division has accordingly authorized funds for development expenditure to line ministries. 

No change has been made by FD or Planning Division in the release strategy. Moreover, FD has released all Q 2 funds for BISP and transfer to beneficiaries is already well underway. 

Similarly, all funds committed to subsidize power sector, in line with CDMP requirements, have been made available by FD. 

Further, as per tradition, release of salary to Christian community before Christmas has been ensured by Finance Division. Revenue collection by FBR and NTR collection by other ministries is fully on track. 

These facts clearly establish that the said news item was aired without any evidence and without taking the view point of the government.

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 20 May 2024

Pakistani currency rates against US Dollar and other currencies on May 20, 2024 (Monday) 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 - 20 May 2024

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
Norwegian 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 Baht THB 7.57 7.72

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