Chinese Defence minister calls on Pakistan PM Imran

Web Desk 03:31 PM | 1 Dec, 2020

ISLAMABAD – Chinese Defence Minister Wei Fenghe on Tuesday called on Prime Minister (PM) Imran Khan in Islamabad, both leaders discuss bilateral relations.

According to the Prime Minister office, both the time-tested friendly countries discuss issues related to mutual interest. Prime Minister Imran Khan welcomed the Chinese Defence Minister upon his arrival, both leaders exchange elbow bump in wake of Covid-19.

Foreign Minister of Pakistan Shah Mehmood Qureshi, Defence Minister Pervez Khattak, Secretary Foreign office and other high leadership of both countries.

Wei Fenghe also attended a special investiture ceremony that was held at Awan-e-Sadar where he was conferred Nishan-e-Imtiaz Military by President Dr. Arif Alvi in recognition of his services for further promoting and strengthen defense cooperation between Pakistan and China.

چین کےوزیر دفاع وی فینگ کو نشان امتیاز ملٹری عطا کرنے کے حوالے سےایوان صدر اسلام آباد میں خصوصی تقریب،وفاقی وزرا، مسلح افواج کے سربراہان اور دوسرے اعلیٰ افسران کی شرکت pic.twitter.com/R6NB6nGVdc
— Directorate of Electronic Media and Publications (@demp_gov) December 1, 2020

Earlier on Monday, Chinese Minister of National Defence General Wei Fenghe called on Chief of Army Staff (COAS) General Qamar Javed Bajwa at GHQ and discussed matters of mutual interest, regional security and enhanced bilateral defence collaboration.

Pakistan, China sign MoU to enhance defence cooperation

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Forex

ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.

During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.

Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.

Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.

The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.

https://en.dailypakistan.com.pk/30-Jan-2023/gold-continues-to-shine-hits-all-time-high-of-rs210-500-in-pakistan

Gold & Silver Rate

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.

Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City	Gold	Silver
Lahore	PKR 205,900	PKR 2,370
Karachi	PKR 205,900	PKR 2,370
Islamabad	PKR 205,900	PKR 2,370
Peshawar	PKR 205,900	PKR 2,370
Quetta	PKR 205,900	PKR 2,370
Sialkot	PKR 205,900	PKR 2,370
Attock	PKR 205,900	PKR 2,370
Gujranwala	PKR 205,900	PKR 2,370
Jehlum	PKR 205,900	PKR 2,370
Multan	PKR 205,900	PKR 2,370
Bahawalpur	PKR 205,900	PKR 2,370
Gujrat	PKR 205,900	PKR 2,370
Nawabshah	PKR 205,900	PKR 2,370
Chakwal	PKR 205,900	PKR 2,370
Hyderabad	PKR 205,900	PKR 2,370
Nowshehra	PKR 205,900	PKR 2,370
Sargodha	PKR 205,900	PKR 2,370
Faisalabad	PKR 205,900	PKR 2,370
Mirpur	PKR 205,900	PKR 2,370