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Lease dispute: Malaysian court releases PIA grounded plane

03:39 PM | 27 Jan, 2021
Lease dispute: Malaysian court releases PIA grounded plane

KUALA LUMPUR – A Malaysian court on Wednesday directs immediate release of a Pakistan International Airlines (PIA) plane that was held two weeks ago in wake of a British court case over the jet's lease.

The court directed to release the plane with immediate release as both sides had reached an amicable settlement to the dispute.

PIA counsel Kwan Will Sen said Peregrine has agreed to withdraw lawsuit against Pakistan International Airlines Corp and for the injunction orders to be set aside. With this, the two Boeing aircraft operated by PIAC would be released with immediate effect.

Earlier on January 23, the national carrier informed the London High Court that it has paid around $7 million to Peregrine Aviation Charlie Ltd in the case of two jets leased to it by the Dublin-based AerCap.

Daily Pakistan Global Web Desk

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 20 May 2024

Pakistani currency rates against US Dollar and other currencies on May 20, 2024 (Monday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

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

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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