ISLAMABAD – As the sword of default hangs over cash-strapped Pakistan, the government has decided to sell two LNG-fired plants, Express News reported.
The report claimed that the two power plants, which were taken up during Nawaz Sharif's tenure in tandem with building the first LNG terminal, were put on an active list for privatisation to raise an estimated $1.5 billion.
A new cabinet committee of the Sharif-led government approved selling the plants owned by the National Power Park Management Company Private Limited on a priority basis after the recent meeting to remove power plants from the privatisation programme.
It was also reported that the Board of the Privatisation Commission issued no statement to keep the matter under wraps, contrary to previous events as press statements were usually issued after such meetings.
Last year, the Sharif-led government approved an order to sidestep all the prerequisites for the process and also abolished regulatory checks including the applicability of relevant laws.
The development comes as South Asian country is facing a threat of default in wake of the delay of the revival of the International Monetary Fund programme (IMF). The country’s official foreign exchange reserves have also nosedived.
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 31, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.8 | 286.6 |
Euro | EUR | 306 | 309 |
UK Pound Sterling | GBP | 347.5 | 351 |
U.A.E Dirham | AED | 77.2 | 79.9 |
Saudi Riyal | SAR | 75.6 | 76.4 |
Australian Dollar | AUD | 187.5 | 189.9 |
Bahrain Dinar | BHD | 753.99 | 761.99 |
Canadian Dollar | CAD | 206.5 | 208.7 |
China Yuan | CNY | 41.25 | 41.65 |
Danish Krone | DKK | 41.26 | 41.51 |
Hong Kong Dollar | HKD | 36.11 | 36.46 |
Indian Rupee | INR | 3.45 | 3.56 |
Japanese Yen | JPY | 2.15 | 2.22 |
Kuwaiti Dinar | KWD | 925.67 | 934.67 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 175.57 | 177.58 |
Norwegians Krone | NOK | 26.33 | 26.63 |
Omani Riyal | OMR | 736.34 | 744.35 |
Qatari Riyal | QAR | 77.92 | 78.62 |
Singapore Dollar | SGD | 209.5 | 211.5 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 308.25 | 310.75 |
Thai Bhat | THB | 8.28 | 8.43 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.
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 190,849.
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 208,200 | PKR 2,470 |
Karachi | PKR 208,200 | PKR 2,470 |
Islamabad | PKR 208,200 | PKR 2,470 |
Peshawar | PKR 208,200 | PKR 2,470 |
Quetta | PKR 208,200 | PKR 2,470 |
Sialkot | PKR 208,200 | PKR 2,470 |
Attock | PKR 208,200 | PKR 2,470 |
Gujranwala | PKR 208,200 | PKR 2,470 |
Jehlum | PKR 208,200 | PKR 2,470 |
Multan | PKR 208,200 | PKR 2,470 |
Bahawalpur | PKR 208,200 | PKR 2,470 |
Gujrat | PKR 208,200 | PKR 2,470 |
Nawabshah | PKR 208,200 | PKR 2,470 |
Chakwal | PKR 208,200 | PKR 2,470 |
Hyderabad | PKR 208,200 | PKR 2,470 |
Nowshehra | PKR 208,200 | PKR 2,470 |
Sargodha | PKR 208,200 | PKR 2,470 |
Faisalabad | PKR 208,200 | PKR 2,470 |
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