Says former army chief's 'set-up in establishment' still working against PTI
LAHORE – Ousted Pakistani prime minister Imran Khan says the former army chief, General (r) Qamar Javed Bajwa, still has influence over the establishment.
The defiant politician made these remarks during his interaction with journalists at his Zaman Park residence in the provincial capital. He alleged that the set-up of General Bajwa was still working in the establishment, revealing that three lawmakers from his party were told to remain neutral in Punjab CM Parvez Elahi’s vote of confidence.
Khan, 70, is up in arms against the former COAS, who remains mostly tight-lipped about the allegations levelled by the PTI chief. Khan accused General Bajwa of hiring Hussain Haqqani, former Pakistani envoy in Washington, for lobbying against him in the United States.
“Haqqani kept promoting General Bajwa and continued campaigning against me,” he mentioned.
Referring to Bajwa’s ‘set-up’ in the establishment, the PTI chief said that MQM-Pakistan and the Balochistan Awami Party (BAP) have been tied to PPP under the latest gambit by the influential people.
During his latest interaction with journos, the ousted premier revealed that his relations with Gen Bajwa went sour because he did not want accountability in Pakistan.
He then called for transparent elections in Pakistan for a sustainable government, linking stability in the South Asian country to free and fair elections.
Referring to a recent audio leak allegedly featuring his wife, the PTI chief said Bushra Bibi was a housewife and she used to go to places like mental health care centres for welfare purposes. He added that Bushra was not alike Maryam Nawaz, the daughter of the PML-N patron Nawaz Sharif, who spends millions on cosmetic surgeries.
The outspoken politician slammed new PCB Chairman Najam Sethi, saying he had nothing to do with cricket. Imran Khan said the constitution of the cricket board had to be changed to bring Sethi in.
KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.
This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.
According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.
The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.
In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”
Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.
Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.
Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.
Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.
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.
|Lahore||PKR 229,000||PKR 2125|
|Karachi||PKR 229,000||PKR 2125|
|Islamabad||PKR 229,000||PKR 2125|
|Peshawar||PKR 229,000||PKR 2125|
|Quetta||PKR 229,000||PKR 2125|
|Sialkot||PKR 229,000||PKR 2125|
|Attock||PKR 229,000||PKR 2125|
|Gujranwala||PKR 229,000||PKR 2125|
|Jehlum||PKR 229,000||PKR 2125|
|Multan||PKR 229,000||PKR 2125|
|Bahawalpur||PKR 229,000||PKR 2125|
|Gujrat||PKR 229,000||PKR 2125|
|Nawabshah||PKR 229,000||PKR 2125|
|Chakwal||PKR 229,000||PKR 2125|
|Hyderabad||PKR 229,000||PKR 2125|
|Nowshehra||PKR 229,000||PKR 2125|
|Sargodha||PKR 229,000||PKR 2125|
|Faisalabad||PKR 229,000||PKR 2125|
|Mirpur||PKR 229,000||PKR 2125|
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