Search

Brexit bill becomes law allowing UK to leave European Union

02:25 PM | 27 Jun, 2018
Brexit bill becomes law allowing UK to leave European Union
LONDON - A bill enacting Britain's decision to leave the European Union has become law after months of debate, the speaker of parliament announced on Tuesday to cheers from Conservative Party lawmakers.

Speaker John Bercow said the EU (Withdrawal) Bill, which repeals the 1972 European Communities Act through which Britain became a member, had received royal assent from Queen Elizabeth II.

The bill transfers decades of European law onto British statute books in a bid to avoid any legal disruption.

It also enshrines Brexit day in British law as March 29, 2019 at 11pm (2300 GMT) -- midnight Brussels time, defined by the end of the two-year Article 50 withdrawal process.

The bill has undergone more than 250 hours of acrimonious debate in the Houses of Parliament since it was introduced in July 2017.

Eurosceptics celebrated the passing of the bill through parliament last week as proof that, despite all the continuing uncertainty over the negotiations with Brussels, Britain was leaving the EU.

International Trade Minister Liam Fox said it paved the way "irrevocably" for Brexit, adding that the chances of Britain not leaving "are now zero".

Leading eurosceptic MP Jacob Rees-Mogg, a member of the ruling Conservative party, said at the weekend: "The legal position is now so much stronger for a clean Brexit.

"Crucially this makes the prime minister's negotiating hand much stronger."

Another eurosceptic Conservative MP, Dominic Raab, said May would go to an EU summit later this week "with the wind in her sails".

The government had a tough time getting the bill through parliament and was forced to concede some power to lawmakers over the final Brexit deal agreed with Brussels.

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

Advertisement

Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) 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 - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
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
Norwegians 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 Bhat THB 7.57 7.72

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter