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Is government going to offer smartphones to general public on installments?

09:18 PM | 24 Aug, 2023
smartphones
Source: File Photo

LAHORE – With the aim to make technology more accessible to the public across Pakistan, the caretaker government is reportedly planning to launch a scheme to offer smartphones to people on installments. 

Report in local media say the Ministry of Information and Technology held a meeting a day earlier and it was attended by the representatives of the leading telecommunication companies of the country. 

During the meeting, a senior official of the ministry informed the companies about the government’s plan to make legislation for a scheme under which mobile phones will be given to general public on installments. 

Once the legislation is approved, all people holding the national identity card will be eligible to get smartphones from the mobile companies on installments, he said, adding that the ID card or IMEI would be blocked in case of default. 

Reports citing sources said that recommendations in this regard are being finalised and relevant departments will be taken on board soon. 

Smartphones on installments – How would it work in Pakistan?

In other parts of the world, companies offer mobile phones on installments to the public. Under the scheme, customers have to pay a certain amount in advance and the remaining amount in installment in three to 12 months. 

Reports also suggest Pakistanis will not need to go for a lengthy paperwork as they would be eligible to obtain a mobile phone using their ID card issued by NADRA. 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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