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No more official Iftar parties in Punjab under austerity measures

01:12 PM | 27 Mar, 2023
No more official Iftar parties in Punjab under austerity measures
Source: File Photo

LAHORE – The provincial government in Punjab has imposed a ban on holding iftar parties at government expense as the country has made various economic modifications including an austerity drive to avert debt default.

A notification issued by Punjab Services and General Administration Department directed that no officials or any other functionary will arrange iftar parties spending public money.

In wake of new measures, the provincial administration of the country’s most populous region also restricted exchanging gifts for departmental delegations during the Holy Month of Ramadan, exempting diplomats and foreign guests from these restrictions.

Sharif-led government has rolled out a series of so-called austerity measures in an effort to woo the IMF as the global lender is giving hard times to crisis-hit country for the release of bailout funds.

In this regard, the Prime minister called for the rich to start paying taxes and said the country will begin an austerity drive to reduce debt.

Daily Pakistan Global Web Desk

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

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

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

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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