Aitzaz holds PM Nawaz responsible for diplomatic isolation

Haider Ali 01:12 PM | 6 Oct, 2016
Aitzaz holds PM Nawaz responsible for diplomatic isolation
ISLAMABAD (Web Desk) - PPPP senator Aitzaz Ahsan has held Prime Minister Nawaz Sharif responsible for diplomatic isloation of Pakistan in the aftermath of Uri attack and growing tension across Line of Control.

Addressing a joint session of parliament here on Thursday, the legislator slammed the government for its inefficiency over tackling foreign affairs.

Aitzaz expressed his concerns over the disclosure of important details regarding the All Parties Conference by a senior PML-N member Muhammad Zubair during a television talkshow.

The renowned lawyer maintained that as Nawaz Sharif was hoolding the additional portfolio of  Foreign Minister so he should be held responsible for the diplomatic isolation of Pakistan.

"It used to be that India was alone but now Pakistan is isolated, If this is not a failure of our foreign ministry, then what is it?" he asked.

"Nawaz Sharif did not anticipate the Uri attack. Our defence minister said that perhaps India did it themselves to divert attention away from Kashmir. I agree it is possible, but then why is it Pakistan, who is isolated now? It is because you have given freedom to non-state actors." Aitzaz added.

The law-maker took aim at the PML-N government for focussing on the "Punjab" section of China-Pakistan Economic Corridor (CPEC).

"The impression that CPEC is the China Punjab Economic Corridor is not acceptable to us. The $46 billion CPEC investment is not more important than national unity," he said.

He concluded his speech by saying that there would be no war between India and Pakistan although media wanted to initiate the war beween the arch-rivals.

Responding to the allegations hurled by PPP senator, PML-N Senator Mushahid Ullah Khan retaliated sparking ruckus in the house.

He did not name anyone but lamented the individuals responsible for providing secret list of Sikh leaders to India during Benazir Bhutto stint.

Although the session was called for deliberations over Kashmir issue but Panama leaks and personal score settling reverbrated in the house.




Haider Ali

The writer is a civil servant.


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

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.

Today's gold rates in Pakistan – June 1, 2023

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.

City Gold Silver
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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