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PM House successfully auctions first vehicle as bidding for ultra-luxury cars begins

10:15 AM | 17 Sep, 2018
PM House successfully auctions first vehicle as bidding for ultra-luxury cars begins
ISLAMABAD - Pakistan Tehreek-e-Insaf-led federal government has started the first phase of auctioning of 102 vehicles, including bulletproof cars and ultra-luxury vehicles, today as part of Prime Minister Imran Khan’s austerity drive.

The expensive cars that have been put up for auction include four recent models of Mercedes Benz, eight bulletproof BMWs, three 5000cc SUVs and two 3000cc SUVs of 2016 model, with first Toyota successfully auctioned in the process.

As many as 24 Mercedes Benz of 2016 model have also been put up for auction. Two of the cars are 4,000cc bullet-proof vehicles; the ministry of interior will issue a permit for handing over the bulletproof cars to the successful bidders.

https://www.facebook.com/dailypakistan.en/videos/242921143038435/

Further, 40 Toyota cars which include a 2004 Lexus, a 2006 Lexus SUV, and two 2004model Land Cruisers will also be auctioned in a bid to deposit a handsome amount of money in the national exchequer.

Other vehicles to be auctioned include eight Suzuki cars, five Mitsubishi vehicles, nine Hondas and two jeeps. The cars will be sold to those who offer the highest bid that should also exceed the market value.

First Car Auctioned


As the bidding started, the first car that has been auctioned successfully is a 2010 Model Toyota Altis.

The successful bidder offered Rs 11, 20000 (1.12m) for the car.

Toyota Corolla Altis (File Photo)


In his first address to the nation, Prime Minister Imran had asserted cutting government expenditure, promising that he would not live in the palatial PM House.

The 22nd premier had announced that there were 80 vehicles in possession of PM Office, however, he would retain only two of them.

In the first phase, non-imported cars have been put up for auction followed by imported models and then the bulletproof cars.

As part of the austerity drive, Imran Khan has also selected the residence of the military secretary, instead of the PM House. The said residence comprises three bed rooms.

The writer is a civil servant.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 26, 2024 Friday in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 74.95 and Saudi Riyal's new rate was at 73.30.

Today’s currency exchange rates in Pakistan - 26 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.15 280.15
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 74.95 75.75
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 178.5 180
Bahrain Dinar BHD 740.57 748.57
Canadian Dollar CAD 200.8 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

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