ISLAMABAD – The International Monetary Fund (IMF) has asked Pakistan to do more to overcome the losses of state-owned enterprises and boost revenue collection.
As technical talks concluded on Friday, the global lender asked the Pakistani government to increase electricity and gas tariff, increase GST on petroleum products to 18% and privatise the state-owned entities running in loss.
It also sought limited state intervention in economy through privatisation of state-owned entities and demanded regular audit of the public institutions. The IMF delegation also laid stress on privatisation of LNG power plants, promotion of tax culture and eradication of corruption.
The visiting IMF team asked the Pakistani government to reduce losses of the Pakistan International Airlines (PIA) and Pakistan Steel Mills.
On conclusion of technical talks, the two sides will start policy-level negotiations tomorrow.
The IMF delegation is visiting the South Asian country for ninth review of the $7 billion loan programme stalled since September last.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 23, 2023 (Thursday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||343.5||347|
|Hong Kong Dollar||HKD||35.92||36.27|
|New Zealand Dollar||NZD||176.66||178.66|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 203,800 on Thursday. The price of 10 grams of 24k gold was recorded at Rs174,730.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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 203,800||PKR 2,350|
|Karachi||PKR 203,800||PKR 2,350|
|Islamabad||PKR 203,800||PKR 2,350|
|Peshawar||PKR 203,800||PKR 2,350|
|Quetta||PKR 203,800||PKR 2,350|
|Sialkot||PKR 203,800||PKR 2,350|
|Attock||PKR 203,800||PKR 2,350|
|Gujranwala||PKR 203,800||PKR 2,350|
|Jehlum||PKR 203,800||PKR 2,350|
|Multan||PKR 203,800||PKR 2,350|
|Bahawalpur||PKR 203,800||PKR 2,350|
|Gujrat||PKR 203,800||PKR 2,350|
|Nawabshah||PKR 203,800||PKR 2,350|
|Chakwal||PKR 203,800||PKR 2,350|
|Hyderabad||PKR 203,800||PKR 2,350|
|Nowshehra||PKR 203,800||PKR 2,350|
|Sargodha||PKR 203,800||PKR 2,350|
|Faisalabad||PKR 203,800||PKR 2,350|
|Mirpur||PKR 203,800||PKR 2,350|
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.