Exchange Rate: Pakistan Private Hajj Group to lose Rs65,000 on each pilgrims
ISLAMABAD – Private Hajj Group Organisers (HGOs) were enduring Rs65,000 loss on each approved private Hajj package due to depreciation in value of rupee and increase in airline fares, Chairman Hajj Group Organisers Association of Pakistan (HOAP) Muhammad Waheed Iqbal Butt said.
In a statement issued here, he asked the government to provide relief to HGOs to save them from further losses.
The Ministry of Religious Affairs and Interfaith Harmony had approved private Hajj packages at the estimated rates of Rs39 per dollar whereas one dollar has already surpassed Rs 150 mark.
He said rupee depreciation inflicts heavy losses on each HGO as appreciation of rupee in the price of dollar and riyal causes Rs20,000 to Rs25,000 increase in a Hajj package.
He said 804 HGOs were organising private Hajj since 2005. HGOs were booking Hujjaj in accordance with approved package of the ministry. Airlines were charging from Rs115,000 to Rs185,000 fares from private Hujjaj.
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