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Need to fulfill our responsibilities for success of govt's economic initiatives, Army chief to Pakistan

06:32 PM | 28 Jun, 2019
Need to fulfill our responsibilities for success of govt's economic initiatives, Army chief to Pakistan
ISLAMABAD – Pakistan's top military commander has said the armed forces played their part by voluntarily foregoing annual increase in defence budget and "this is not the only step" we are taking for improvement of economy.

"Pakistan is going through difficult economic situation, and we all need to fulfill our responsibilities so that difficult initiatives taken by the government succeed," Chief of Army Staff General Qamar Javed Bajwa said while addressing a seminar titled "Pakistan's Economy: Challenges and Way Forward" at National Defence University Islamabad on Friday.

"It is time to be a nation," he was quoted as saying by the Inter Services Public Relations (ISPR).7

"There cannot be any sovereignty in the absence of economic sovereignty," the army chief added.





General Bajwa also highlighted Pakistan's efforts for restoring regional peace that will lead to better trade connectivity.

For our region to develop, he said "we need to have greater regional connectivity amongst all neighbours".

Referring to the seminar, the COAS said such types of interactions are important to enable both government and other stakeholders in exchanging their views on issues of national importance.

In his address on the occasion, PM's Adviser on Finance Dr. Abdul Hafeez Shaikh dilated upon reasons, which resulted in increasing these challenges. He counted perpetual security threats, inconsistent economic policies, poor economic discipline and lack of will to take difficult decisions in the past as major contributors to the economic situation the government is facing today.

The participants of the seminar dilated on identifying challenges and ways to overcome the same.

Daily Pakistan Global Web Desk

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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