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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 exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
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 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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