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PM Imran breaks ground for Central Business District in Lahore

01:42 PM | 26 Feb, 2021
PM Imran breaks ground for Central Business District in Lahore

LAHORE – Prime Minister Imran Khan on Friday performed groundbreaking for the Central Business District in Punjab capital city.

Addressing a ceremony in Lahore, the premier said this project will serve as a business hub that will help in wealth generation.

Imran Khan was confident that this project will help generate six thousand billion rupees. In the first phase, he said the project will generate 1,300 billion rupees and the federal government will get 250 billion rupees in taxes.

"The first phase [of the Central Business District] project, the federal government will earn Rs250bn from taxes," he said.

The prime minister said when the Walton airport is de-notified as per the project's plan, tall buildings can be constructed in Gulberg and Ferozepur Road.

Khan stressed that wealth generation projects are important to strengthen the economy enabling it to return the loans.

He regretted that the economy was mismanaged in the previous two governments.  "We inherited difficult economic situation."

He, however, expressed satisfaction that the current account surplus remained surplus during the first six months of current fiscal year. "Our textile exports are also witnessing increase and new industries are being set up in the country," he added.

Referring to Naya Pakistan Housing Project, the Prime Minister said this will provide affordable houses to the salaried class and the labourers.

He also promised that not a single tree would be cut to make way for the project.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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