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Peshawar Metro more expensive than Lahore Metro, claims report

05:26 PM | 30 Mar, 2017
Peshawar Metro more expensive than Lahore Metro, claims report
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has been known for leading up the 'campaign' against the incumbent government's Metro Bus project given its extravagant costs and alleged corruption.

However, the Khyber-Pakhtunkhwa’s (K-P) Provincial Working Development Party (PWDP) on Tuesday approved the revised Bus Rapid Transit (BRT) project with a 54 percent increase in the total cost to Rs57 billion as against December 2016’s estimation of Rs37 billion.

The PTI ascribes the 'unexpected' cost overrun to improper mapping by two stakeholders: Khyber-Pakhtunkhwa (K-P) Transport Department and Peshawar Development Authority.



While it is confirmed that there are certainly some changes in the project's cost, there are varying reports stating more or less the same figures.

According to Express Tribune, the cost of the project has increased due to the inclusion of Sunehri Masjid Alignment, institutional costs, resettlement costs, land requisition resettlement cost, utilities relocation, financing charges and fleet scraping charges.

"The cost increased owing to lack of proper preparation of the initial design of the BRT. The official said many ‘technical flaws’ were made in the design despite the fact that millions were given to the consultant for preparation of the design."



“Now after changes in the alignment, the government has again paid millions of rupees for the redesigned plan of the project,” the official told ET.

Despite party's persistent criticism of federal government for taking foreign loans, it has also emerged that the project has been approved with new cost of Rs57.23 billion, in which Rs50 billion will be provided by the Asian Development Bank (ADB) as a soft loan and Rs7.23 billion by the K-P government.

A senior official of the RDA, while talking to Dawn, said that increase in land and construction material cost, purchase of escalators for bus stations, relocation of shrine on Sixth Road and bus depot land were some of the factors that had contributed to increasing the project cost.

Multiple reasons are being cited for the slow and pricey metro project. Asad Umar and Imran Khan have also been very vocal about how the metro buses are not needed in this country and are a complete waste of resources; not to mention their blatant insistence upon PML-N being corrupt regarding the project.

https://twitter.com/Asad_Umar/status/465379160320274434

https://twitter.com/Asad_Umar/status/465380721440202753

https://twitter.com/Asad_Umar/status/465897850111401984

https://twitter.com/ImranKhanPTI/status/530634689040506880

Hamza Rao is a member of the staff at Daily Pakistan. He can be reached at raohamzafree@gmail.com. He tweets at @HamzaRaoxxx

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
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 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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