Search

x
Join our whatsapp channel for News Updates

Utility Stores Corruption scam: Lifeline of the common man lost 71 crore in 3 years

02:36 PM | 25 May, 2016
Utility Stores Corruption scam: Lifeline of the common man lost 71 crore in 3 years
ISLAMABAD (Web Desk) - A total of Rs. 710 million has been embezzled from the state-owned Utility Stores Corporation in the last 3 years.

This was revealed in a meeting of the Senate Standing Committee on Industries and Trade held on Wednesday (Today).

The committee was investigating into corruption worth 360 million in the Utility Stores Corporation over the last three years. However, as the investigation progressed they found corruption to the tune of Rs. 710 m, worth almost double what they had initially expected.

The committee was told that 139 individuals had been removed for participating in the scam, including 17 from Khyber Pukhtunkhwa, 37 from Punjab, 58 from Sindh and 28 from Balochistan.

 

The writer is a civil servant.

Advertisement

Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 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 - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
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 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
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 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter