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PM Nawaz Sharif steps down; federal cabinet stands dissolved

01:36 PM | 28 Jul, 2017
PM Nawaz Sharif steps down; federal cabinet stands dissolved
ISLAMABAD - Prime Minister Nawaz Sharif has resigned from his post following the verdict of the Supreme Court, while Federal cabinet stands dissolved, PML-N spokesman said on Friday.

Flags, ministerial staff and official vehicles have been removed.

Earlier, the Supreme Court of Pakistan ordered the disqualification of Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar.

Announcing their verdict in the Panama Papers case, all five judges ruled to send a reference against the premier, his three children and others to an accountability court.

The court ordered the National Accountability Bureau (NAB) to file a reference against the accused in an accountability court in six weeks and directed for the trial to be wrapped up within six months.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 16 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Thursday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 279.95 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 16 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 279.95
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.5 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 722.59 730.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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