Lloyd's Bank building - Heritage in danger

04:57 PM | 25 May, 2017
Lloyd's Bank building - Heritage in danger
KARACHI - Among many other historical buildings in Karachi, is the Lloyd's Bank building that stands at the end of I.I. Chundrigar Road across from Merewether Tower.

One of the better-preserved heritage buildings in the city, this century-old building has been central to the business district of Karachi.

But Silk Bank, the current owner of the property, wants to build a multi-story high-rise building on the site and have managed to obtain approval from the Heritage Committee to demolish the building, retaining only the facade.

However, the permission to demolish is in violation of the Heritage Act which requires that the facade be retained only when the rest of the building has collapsed or is irreparable. The area behind the facade where the old building will be demolished will accommodate, among other things, the parking ramp. This new structure will also adversely impact the surroundings of Merewether Tower, another heritage structure.

People and activists have expressed their concerns that if a prominent bank can obtain permission to destroy a perfectly sound and well-preserved heritage building to be reduced to its facade, it will set a precedent which will be devastating for all heritage buildings. "No structure on MA Jinnah Road or anywhere in Saddar will be safe. We will witness a whole scale 'skinning' of our heritage architecture," said Principal Architect at Arif Belgaumi Architects in his Facebook post.

Hamza Rao is a member of the staff at Daily Pakistan. He can be reached at He tweets at @HamzaRaoxxx


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

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.

Euro currently 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 - 25 Feb 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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