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Mayor Karachi Wasim Akhtar presents Rs27 million KMC budget

08:37 PM | 26 Jun, 2018
Mayor Karachi Wasim Akhtar presents Rs27 million KMC budget
KARACHI - The Metropolitan Corporation of Pakistan's biggest city unveiled on Tuesday budget with an outlay of Rs27,170.97 million for the fiscal year 2018-19 amid protest by the opposition.

Mayor Karachi, Wasim Akhtar said that more funds had been allocated on development projects with no new tax burden on citizens, adding that almost 194 schemes would be completed with an amount of Rs5,61.585.

The council was told that as much as Rs9.629 million were saved this year.

In the current fiscal year, the KMC attained lion’s share for medical and health services worth Rs4,168.687 million, while Rs3,192.183 million for the municipal department and Rs966.352 million have been allocated for the parks and horticulture department.

Addressing the council, the mayor said they have completed six different schemes in the city. “Several roads in different areas of Gulberg has been constructed,” he said adding that the road from Jail chowrangi till Hassan Square has been constructed. In district central’s Nazimabad, several roads have been carpeted.

The mayor also promised to construct at least two graveyards in each district and in Surjani Town, he assured to construct a model graveyard. “We are also working to construct new fire brigade stations,” he said.

However, the opposition tore copies of the budget and roared, “the mayor is a thief.” Jamaat-e-Islami’s parliamentary leader in KMC council Junaid Mukati claimed that the amount allocated in the previous budget was never spent on the city. “The current budget will also land in corrupt hands,” he added.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 26, 2024 Friday in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 74.95 and Saudi Riyal's new rate was at 73.30.

Today’s currency exchange rates in Pakistan - 26 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.15 280.15
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 74.95 75.75
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 178.5 180
Bahrain Dinar BHD 740.57 748.57
Canadian Dollar CAD 200.8 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

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