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KP corruption? Khattak accepts resignation of official to interrupt financial probe

02:12 PM | 24 Jun, 2016
KP corruption? Khattak accepts resignation of official to interrupt financial probe
PESHAWAR (News Desk) - Khyber Pakhtunkhwa Chief Minister Pervez Khatak has allegedly accepted the resignation of the chairman of the board of directors (BoD) of Pakhtunkhwa Energy Development Organisation (PEDO), reportedly halting an inquiry into the illegal award of contracts by the body which have caused losses worth millions of rupees to the public exchequer.

According to reports, former PEDO chairman Shakeel Durrani had resigned two months ago. Durrani's resignation was, however, only accepted this Tuesday, Dawn reported.

In a statement, Durrani said that if his resignation had not been accepted, he would have headed a meeting to order two inquiries into the loss of Rs. 40 million per month from the exchequer due to delays in construction of transmission lines for the Machai and Ranolia power projects.

The projects were started by Awami National Party-led provincial government and completed in July 2015, however, they have remained unproductive due to the absence of transmission lines.

This is not the first time that public servants in the province have alleged political interference by the KP government. Earlier, Director General of the KP Ehtesab Commission General (r) Hamid Khan had also resigned after accusing the provincial government of diluting his powers and effectively making accountability impossible.

The Ehtesab Commission was the PTI-led KP government's much-trumpeted answer to the high incidence of corruption in the province. However, the KP assembly later passed amendments to the law under which the Commission was formed, allegedly diluting its powers and making it easier to get away with corruption.

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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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
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 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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