TEHRAN – In a major boost for ties between the two sides, Iran appointed an envoy to the United Arab Emirates (UAE) for the first time since 2016.
Tehran picked Reza Ameri for the coveted role who previously served as the director general of the Iranian expatriates' office in the Foreign Ministry as two neighbors of the region planned to push bilateral relations to achieve common interests.
Amid a major thaw, the Gulf nation announced the return of its ambassador to Tehran, ushering in a new era by ending strained ties.
Since 2016, the tensions between the two sides continue unabated after Iranian protesters stormed the Saudi embassy in Tehran in response to the execution of a Shi’ite cleric in the Kingdom. The tense relations between Iran and Saudi Arabia threatened stability and security in the Gulf, and further fueled conflicts in the Middle East.
With Beijing’s contribution, Saudi Arabia now announced that it would re-establish ties with Iran ending hostility.
In recent times, the Gulf nation has been mending ties with rivals, especially with Türkiye through dialogue to avoid any new confrontations in the region.
KARACHI – The Pakistani rupee continued its positive trajectory against the US dollar in the interbank market on Thursday with the local currency’s recovery relating to crackdown launched against hoarders and outflows of the foreign currency through unlawful means.
During the intraday trading, PKR moved up against the USD, and hovered at 287.73, with an increase of Rs1.04, in the interbank market.
Yesterday, the Pakistani rupee appreciated 0.36pc to settle at 288.75.
Last week, the government said a crackdown to prevent cross-border smuggling was initiated across Pakistan. The country’s central bank also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions.
The SBP also introduced structural reforms in the exchange companies’ sector to provide better services and to ensure a transparent system.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,600 on Thursday.
The price of 10 grams of 24k gold was recorded at Rs 177,700. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
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 202,600||PKR 2,495|
|Karachi||PKR 202,600||PKR 2,495|
|Islamabad||PKR 202,600||PKR 2,495|
|Peshawar||PKR 202,600||PKR 2,495|
|Quetta||PKR 202,600||PKR 2,495|
|Sialkot||PKR 202,600||PKR 2,495|
|Attock||PKR 202,600||PKR 2,495|
|Gujranwala||PKR 202,600||PKR 2,495|
|Jehlum||PKR 202,600||PKR 2,495|
|Multan||PKR 202,600||PKR 2,495|
|Bahawalpur||PKR 202,600||PKR 2,495|
|Gujrat||PKR 202,600||PKR 2,495|
|Nawabshah||PKR 202,600||PKR 2,495|
|Chakwal||PKR 202,600||PKR 2,495|
|Hyderabad||PKR 202,600||PKR 2,495|
|Nowshehra||PKR 202,600||PKR 2,495|
|Sargodha||PKR 202,600||PKR 2,495|
|Faisalabad||PKR 202,600||PKR 2,495|
|Mirpur||PKR 202,600||PKR 2,495|