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KP budget only focused on uplift of few districts, ignores the rest

09:43 AM | 17 Jun, 2016
KP budget only focused on uplift of few districts, ignores the rest
PESHAWAR (Staff Report) - Opposition parties in the Khyber Pakhtunkhwa Assembly have dismissed the Rs. 505 billion budget presented by PTI-led provincial government, calling it an imbalanced, deficit budget.

Opening the budget debate in KP Assembly on Thursday, Opposition Leader Maulana Lutfur Rehman asked the government to review the budget to remove its shortcomings. He claimed that in the Financial Year 2015-16, the deficit was Rs. 27 billion, however it was expected to jump over Rs. 60 billion this year.

Participating in the debate, PML-N's Sardar Aurangzeb Nalotha alleged that the budget was focused on only a few districts, while other districts requiring urgent attention had been ignored.

He went on to say that PTI-led provincial government had failed to fulfill even ten percent of their promises to the people of KP. The government is claiming to be spending billions of rupees on education sector, however the situation has not improved in public sector schools, he added.

On the occasion, he also urged government to withdraw the levy of taxes imposed on five sectors of the province, claiming that it would affect all people of the province without any discrimination.

 

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Currency Rates in Pakistan Today - Pakistani rupee to Dollar, Euro, Pound, Dirham, and Riyal - 7 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 7, 2024 Tuesday in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro stands at 295.7 for buying and 298.65 for selling while British Pound rate is 345 for buying, and 348.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal's comes down to 73.25.

Today’s currency exchange rates in Pakistan - 7 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 295.7 298.65
UK Pound Sterling GBP 345 348.5
U.A.E Dirham AED 75.05 75.8
Saudi Riyal SAR 73.25 74
Australian Dollar AUD 180 182
Bahrain Dinar BHD 739.99 747.99
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 905.3 914.3
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 167.23 169.23
Norwegians Krone NOK 25.57 25.87
Omani Riyal OMR 722.7 730.7
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204.65 206.65
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 307.34 309.84
Thai Bhat THB 7.56 7.71

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