Asian Development Bank to provide $197.85m for Sindh Roads Improvement Project

09:53 PM | 30 Aug, 2016
Asian Development Bank to provide $197.85m for Sindh Roads Improvement Project
ISLAMABAD (APP) - Asian Development Bank (ADB) agreed on Tuesday to provide a loan of $197.85 million for Sindh Provincial Roads Improvement Project.

A signing ceremony in this regard was held in the federal capital which was witnessed by Finance Minister Senator Ishaq Dar.

The loan agreement was signed by ADB's Country Director Werner E. Liepach and Secretary Economic Affairs Division Tariq Bajwa on behalf of Pakistan government.

Talking to media on the occasion, the finance minister said this was a concessionary loan being provided by the ADB and it would hold even less than one per cent spread. He thanked ADB for providing vital support to Pakistan particularly in the transport, energy and irrigation sectors.

The project would help in rehabilitation and upgradation of roads in Sindh, particularly in Sanghar, Mirpur Khas, Badin, and Kashmore districts.

In addition, it would also serve to strengthen the institutional capacity of Sindh government's Works and Services Department in project management, road planning and maintenance as well as in ensuring road safety, Ishaq Dar added.

Liepach on the occasion said the bidding process of the projects would start soon and by the end of the year the construction work of projects would be initiated.



Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 22 May 2024

 Pakistani currency rates against US Dollar and other currencies on May 22, 2024 (Wednesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.05 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349 for buying, and 352.5 for selling.

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

Today’s currency exchange rates in Pakistan - 22 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 277.15
Euro EUR 297 300
UK Pound Sterling GBP 349 352.5
U.A.E Dirham AED 75.2 75.95
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.34 748.34
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.91
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 903.3 912.3
Malaysian Ringgit MYR 59.34 59.94
New Zealand Dollar NZD 170.11 172.11
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.13 731.13
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.98 26.28
Swiss Franc CHF 305.97 308.47
Thai Bhat THB 7.67 7.82


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