Pakistan's aviation regulator to be split into two different entities

06:36 PM | 23 Sep, 2023
Pakistan's aviation regulator to be split into two different entities

ISLAMABAD - The Pakistan Civil Aviation Authority would be split into two separate entities, it emerged on Saturday.

According to a notification issued for the said purpose, a high-profile 9-member committee has been constituted with Joint Secretary Ministry of Aviation, Shazia Rizvi as the committee’s chairperson, and Air Vice Marshal Taimoor Iqbal as its coordinator.

As per the details available, the PCAA will be split up into two departments i.e. Pakistan Airport Authority and Bureau of Air Safety Investigation, and the committee will distribute the PCAA’s assets and funds between the new departments; the committee has been given time till October 15th to complete the task.

The committee will undertake an examination of matters pertaining to the transfer of PCAA officers and records. Additionally, it will oversee the allocation of resources including office space, furniture, machinery, vehicles, and funds among various departments.

Other members of the committee include Joint Secretary Ministry of Aviation Iqbal Asif, Joint Secretary Finance Division Abdul Malik, PCAA Deputy DG Regulatory Nadir Shafi Dar, Aircraft Accident Investigation Board President Air Commodore Mirza Amir Vilayat, PCAA Finance Director Saqib Butt, Director Sameer Saeed, Director APS Sadiqur Rehman and Director HR Abid Ali.

The Pakistan Civil Aviation Authority (CAA) is a regulatory body responsible for overseeing and managing civil aviation activities within Pakistan. Its role and responsibilities encompass several key areas including formulating and enforcing rules, regulations, and standards to ensure safe, secure, and efficient civil aviation operations.

Pakistan Civil Aviation Authority (CAA) is also tasked with monitoring and maintaining safety standards for all aspects of civil aviation, including airworthiness of aircraft, maintenance practices, and operational procedures.

Moreover, the CAA manages and operates air traffic control services, navigation aids, and communication systems to ensure the safe movement of aircraft within Pakistan's airspace.

Besides, the authority is involved in the planning, development, and management of airports across the country. This includes infrastructure development, maintenance, and ensuring compliance with international standards.

It is still not sure which function of the authority would be performed by which entity to be specific.


Pakistani rupee inches up against US dollar, Euro, Pound and other currencies - Check forex rates here

Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today's currency exchange rates in Pakistan – 2 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45  77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold registers big fall in Pakistan; check today gold rates in Pakatan - 2 December 2023

The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.

Gold Rates in Pakistan Today - 2 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.

Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.

Globally, gold prices hover at around $2072, gaining $32 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,300 PKR 2,705
Karachi PKR 217,300 PKR 2,705
Islamabad PKR 217,300 PKR 2,705
Peshawar PKR 217,300 PKR 2,705
Quetta PKR 217,300 PKR 2,705
Sialkot PKR 217,300 PKR 2,705
Attock PKR 217,300 PKR 2,705
Gujranwala PKR 217,300 PKR 2,705
Jehlum PKR 217,300 PKR 2,705
Multan PKR 217,300 PKR 2,705
Bahawalpur PKR 217,300 PKR 2,705
Gujrat PKR 217,300 PKR 2,705
Nawabshah PKR 217,300 PKR 2,705
Chakwal PKR 217,300 PKR 2,705
Hyderabad PKR 217,300 PKR 2,705
Nowshehra PKR 217,300 PKR 2,705
Sargodha PKR 217,300 PKR 2,705
Faisalabad PKR 217,300 PKR 2,705
Mirpur PKR 217,300 PKR 2,705


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