‘Cold or hot start’, Pakistan Army is ready for anything: General Raheel Sharif

Fayyaz Hussain 10:50 PM | 6 Sep, 2016
‘Cold or hot start’, Pakistan Army is ready for anything: General Raheel Sharif
RAWALPINDI- In a direct response to his Indian counterpart’s threat of a short war, Army Chief Gen Raheel Sharif has said Pakistan Army is fully ready to thwart any external aggression.

“If the enemy ever resorts to any misadventure, regardless of its size and scale - short or long - it will have to pay an unbearable cost,” Gen Sharif said at a grand ceremony held at the General Headquarters (GHQ) to commemorate 50 years of the 1965 war with India.

In his address, the army chief touched upon all issues of concern to the military - terrorism, Karachi, the peace process in Afghanistan that it has been facilitating, and the China-Pakistan Economic Corridor. But the primary focus remained on the threat from India, something which he mentioned on two separate occasions during his 11-minute speech.

Gen Sharif’s curt comments came against the backdrop of Indian Army Chief General Dalbir Singh Suhag’s remarks earlier this week, where he said his troops were ready for the “swift, short nature of future wars”. Indian Army’s 2 ‘Kharga’ Strike Corps had, in April, also carried out large scale war games codenamed ‘Brahmashira’ to rehearse “swift multiple offensives”.

The increasing ceasefire violations by India along the Line of Control (LoC) and the Working Boundary, where some 20 Pakistanis have been killed over the past three months, reinforced fears in Pakistan that India was planning a brief incursion.

‘Cold Start or Hot Start’

Gen Sharif, while seemingly calling India’s bluff, said: “[The] armed forces of Pakistan are fully capable of dealing with all types of internal and external threats, may it be conventional or sub-conventional; whether it is cold start or hot start. We are ready!”

He said his army was among “the most battle hardened armies of the world, which has no parallels”. He went on to say that despite the ups and downs witnessed by the country over the past 50 years, it was much stronger now.

The army chief also emphasized the resolution of the longstanding Kashmir issue, which he described as an “unfinished agenda of partition” and warned against putting it on the backburner.

Defence Minister Khawaja Asif and federal Information Minister Pervaiz Rashid were also present in the ceremony.

The army chief also offered prayers and laid a wreath at the Shuhada monument to remember their sacrifices for the nation.


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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