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Lloyd's Bank building - Heritage in danger

04:57 PM | 25 May, 2017
Lloyd's Bank building - Heritage in danger
KARACHI - Among many other historical buildings in Karachi, is the Lloyd's Bank building that stands at the end of I.I. Chundrigar Road across from Merewether Tower.

One of the better-preserved heritage buildings in the city, this century-old building has been central to the business district of Karachi.

But Silk Bank, the current owner of the property, wants to build a multi-story high-rise building on the site and have managed to obtain approval from the Heritage Committee to demolish the building, retaining only the facade.

However, the permission to demolish is in violation of the Heritage Act which requires that the facade be retained only when the rest of the building has collapsed or is irreparable. The area behind the facade where the old building will be demolished will accommodate, among other things, the parking ramp. This new structure will also adversely impact the surroundings of Merewether Tower, another heritage structure.

People and activists have expressed their concerns that if a prominent bank can obtain permission to destroy a perfectly sound and well-preserved heritage building to be reduced to its facade, it will set a precedent which will be devastating for all heritage buildings. "No structure on MA Jinnah Road or anywhere in Saddar will be safe. We will witness a whole scale 'skinning' of our heritage architecture," said Principal Architect at Arif Belgaumi Architects in his Facebook post.

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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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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