PPP threatens to quit coalition govt if promises not fulfilled

Web Desk 09:08 AM | 6 Mar, 2023
PPP threatens to quit coalition govt if promises not fulfilled
Source: Government of Pakistan (Twitter)

KARACHI – Foreign Minister Bilawal Bhutto Zardari, a key coalition partner of PML-N, has warned of quitting the coalition government if centre failed to honour the pledges.

Speaking at a ceremony organized to distribute funds among the flood victims in the provincial capital, the PPP chairman demanded the promises made to the flood-affected people be fulfilled at the earliest.

Minister raised questions at the digital census exercise, calling it unacceptable. He lamented that elections in the region take place based on a different census. Bilawal said if the census is to be conducted in the same deceitful way, it is not acceptable to his party. Sindh would oppose the ongoing census if the federal government did not address the objections.

Bhutto said it was decided that centre would release a Rs4.7 billion grant and the remaining Rs8.39 billion would be provided by the Sindh government to provide relief to the flood-hit farmers but those funds were never released.

He mentioned taking up this issue in the National Assembly and added to speak to Prime Minister Shehbaz Sharif to fulfil the promises made to the flood victims.

In his address, the PPP leader termed inflation the biggest problem in Pakistan. At the same time, he raised questions about the deteriorating law and order situation but pinned hope on reforms to resolve these issues.

He said Pakistan Peoples Party is endeavouring for economic revival and employment to the masses. Pakistan was an agricultural country, Bilawal said, calling for more investment in this sector.

He also called out former premier Imran Khan for his politics of division. He refrained from naming the PTI chief but mentioned a ‘political rat is hiding under the bed at Zaman Park’. He added that the government needs to focus on the economy instead of the political rat.

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Web Desk

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USD to PKR: Pakistani rupee remains stable against dollar as IMF talks underway

ISLAMABAD – Pakistani rupee remained stable against the US dollar as the market is looking for direction amid Pakistan’s ongoing negotiations with the International Monetary Fund (IMF).

Amid the economic uncertainty, the local currency remained unchanged against the greenback, moving up 0.01 percent during the opening hours of trading. Before noon, PKR was hovering at 285.40 in the interbank.

In contrast to the inter-bank, the dollar continued its upward trajectory in the open market and is reportedly available at Rs315, as the gap between the official rate and open market rate is Rs30 per dollar.

As the money market is waiting for a positive development from the economic front, International Monetary Fund (IMF) Mission Chief to Pakistan said they continued engagement with Islamabad focusing on the restoration of foreign exchange proper market functioning, with special on the upcoming budget.

Today's gold rates in Pakistan – May 30 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,700 on Tuesday.The price of 10 grams of 24k gold was recorded at Rs199,510.   

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.

City Gold Silver
Lahore PKR 232,700 PKR 2,500
Karachi PKR 232,700 PKR 2,500
Islamabad PKR 232,700 PKR 2,500
Peshawar PKR 232,700 PKR 2,500
Quetta PKR 232,700 PKR 2,500
Sialkot PKR 232,700 PKR 2,500
Attock PKR 232,700 PKR 2,500
Gujranwala PKR 232,700 PKR 2,500
Jehlum PKR 232,700 PKR 2,500
Multan PKR 232,700 PKR 2,500
Bahawalpur PKR 232,700 PKR 2,500
Gujrat PKR 232,700 PKR 2,500
Nawabshah PKR 232,700 PKR 2,500
Chakwal PKR 232,700 PKR 2,500
Hyderabad PKR 232,700 PKR 2,500
Nowshehra PKR 232,700 PKR 2,500
Sargodha PKR 232,700 PKR 2,500
Faisalabad PKR 232,700 PKR 2,500
Mirpur PKR 232,700 PKR 2,500


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