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World Bank to continue assisting Pakistan, says country director

03:02 PM | 1 Oct, 2015
World Bank to continue assisting Pakistan, says country director
WASHINGTON(Staff Report) - The World Bank’s new Country Director Patchamuthu Illangovan has said that the bank will continue supporting Pakistan in several areas, including the energy sector, and in enhancing opportunities for women and youth.

Mr Illangovan (Illango) joins the Islamabad office from Thursday. He succeeds Rachid Benmessaoud, who completes his term on Sept 30, according to a bank statement.

“I am delighted to be in Pakistan,” said the director. “We have a long-standing partnership that has benefited millions of people over generations.

Together with my team, I look forward to deepening our engagement with government, local institutions, civil society, private sector, development partners, and other stakeholders to further boost shared prosperity and reduce poverty in the country.”

The director said that the bank would continue supporting Pakistan in several areas, including transforming the energy sector; supporting private sector led growth; inclusion of the under-served, neglected and poor; and improved service delivery; and at the same time enhance opportunities for women and youth, advance regional integration efforts and address climate resilience and environmental sustainability.

Mr Illangovan, a Sri-Lankan national, counts over three decades of international development experience.

He joined the World Bank in 1993 and has since served in many positions, including leadership roles in Europe and Central Asia, East Asia and Pacific, and South Asia regions of the World Bank.

He has also held managerial responsibilities in the Bank’s country offices in Bangkok, Vientiane and Kabul.

He has managed programnes and projects in many middle and low income countries, including leading teams that have delivered complex and innovative solutions to Bank’s clients in water, environment, natural resources, energy and urban sectors.

Mr Illangovan has an extensive experience in overseeing the implementation of portfolios in challenging country environments.

Prior to joining the Bank, he worked in the public and private sectors in Sri Lanka.

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Pakistani rupee sees marginal decline against US Dollar, Euro, Dirham, & Riyal; check forex rates

Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.

Dollar Rate in Pakistan Today

On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.

Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.

UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 29 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.6  288.65 
Euro EUR 312  315 
UK Pound Sterling GBP 360  363
U.A.E Dirham AED 78.25  79
Saudi Riyal SAR 76.25 77.25
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 750.11 758.11
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 914.36 923.36
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 320.1 322.6
Thai Bhat THB 8.01 8.16

Gold rates see big increase in Pakistan; Check today gold price here

KARACHI – The gold price moved up down in the local market in line with massive increase in international market.

Gold Rates in Pakistan Today - 29 November 2023

On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.

Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.

In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,000 PKR 2,610
Karachi PKR 218,000 PKR 2,610
Islamabad PKR 218,000 PKR 2,610
Peshawar PKR 218,000 PKR 2,610
Quetta PKR 218,000 PKR 2,610
Sialkot PKR 218,000 PKR 2,610
Attock PKR 218,000 PKR 2,610
Gujranwala PKR 218,000 PKR 2,610
Jehlum PKR 218,000 PKR 2,610
Multan PKR 218,000 PKR 2,610
Bahawalpur PKR 218,000 PKR 2,610
Gujrat PKR 218,000 PKR 2,610
Nawabshah PKR 218,000 PKR 2,610
Chakwal PKR 218,000 PKR 2,610
Hyderabad PKR 218,000 PKR 2,610
Nowshehra PKR 218,000 PKR 2,610
Sargodha PKR 218,000 PKR 2,610
Faisalabad PKR 218,000 PKR 2,610
Mirpur PKR 218,000 PKR 2,610

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