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Pakistan Post to launch debit card facility for pensioners by December

04:56 PM | 26 Nov, 2019
Pakistan Post to launch debit card facility for pensioners by December

ISLAMABAD – Pensioners of the Pakistan Post will be given debit card facility by December 25, which would enable them to cash their pensions from any automated teller machine (ATM) nearby.

This service will help boost the revenue for the post besides helping to identify and catch the ‘Ghost Pensioners’ of the department, an official of Pakistan Post told APP.

The official said the initiative was taken in the light of many cases that have surfaced through different complaints by the old pensioners.

Official said that debit card facility would provide instant cash to old citizens besides making it easier for them to cash their pensions whenever they want without depending on anyone.

“It was a long standing issue as pensioners in their old age had to stand in long queues to collect their pensions from the post offices”, he added.

He said Minister for Postal Services Murad Saeed took personal interest in this initiative with the view to facilitate old employees who gave all their lives in the service of the department.

A pensioner, retired in 2015 from Post Office, Muhamad Hakeem said this facility would save his and energy from traveling half an hour from his house to go post office every month for his pension.

Another pensioner Abdul Hameed told APP that getting his pension from a debit card through an ATM will not only be a time savior, but it will also help them avoid waiting in long queues especially in scorching heat in summers.

This programme was announced by Minster for Postal Services Murad Saeed in October this year in the ceremony of 145th World Post Day.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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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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