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Peshawar BRT contractor lodges Rs57b claim in international court of arbitration

09:43 AM | 29 Mar, 2024
Peshawar BRT contractor lodges Rs57b claim in international court of arbitration

PESHAWAR – The contractor of Peshawar BRT has approached the International Court of Arbitration and filed a claim of Rs 57 billion against the government.

Under the terms of the contract, the contractors of the project have resorted to international arbitration for the payment of the remaining amount of Rs 57 billion.

The contractor has stated that the project scope was expanded, there were repeated changes in design, and delays in payments occurred as well.

Peshawar BRT is grappling with a financial crisis, leading to the decision to halt the services of a private company.

On the other hand, according to sources from Peshawar Development Authority (PDA), the dispute between both parties couldn’t be resolved amicably due to NAB inquiries.

PDA sources have stated that in case of non-payment, the total cost of Peshawar BRT will exceed Rs 120 billion.

Daily Pakistan Global Web Desk

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

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