KARACHI – Pak Suzuki Motor Company (PSMC) on Wednesday announced halting its automobile products for five days as the automaker is facing shortage of inventory due to non-issues of letters of credit (LCs) by banks amid dearth of dollars.
Several import-based business are struggling to continue the operation as foreign exchange reserves held by the central bank dropped to an alarming level of around $3 billion.
The one of largest auto manufacturer in the country has informed about its decision to the Pakistan Stock Exchange in a letter, stating that "due to continued shortage of inventory level, the management of the company has decided to shut-down automobile plant from February 13, 2023 to February 17, 2023".
However, the Pak Suzuki’s motorcycle plant would not be shut down.
It is the fourth time that the company is shutting down its car plant since the start of the year 2023.
Daily Pakistan Global Web Desk
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 25, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.1 | 286.15 |
Euro | EUR | 304 | 307 |
UK Pound Sterling | GBP | 345.5 | 349 |
U.A.E Dirham | AED | 77.2 | 78 |
Saudi Riyal | SAR | 75.4 | 76.2 |
Australian Dollar | AUD | 187 | 189.4 |
Bahrain Dinar | BHD | 751.6 | 759.6 |
Canadian Dollar | CAD | 205 | 207.2 |
China Yuan | CNY | 41.44 | 41.84 |
Danish Krone | DKK | 41.31 | 41.71 |
Hong Kong Dollar | HKD | 35.92 | 36.27 |
Indian Rupee | INR | 3.41 | 3.52 |
Japanese Yen | JPY | 2.06 | 2.11 |
Kuwaiti Dinar | KWD | 923.62 | 932.59 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 177.56 | 179.56 |
Norwegians Krone | NOK | 26.33 | 26.63 |
Omani Riyal | OMR | 731.97 | 739.94 |
Qatari Riyal | QAR | 77.43 | 78.13 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 308.97 | 311.47 |
Thai Bhat | THB | 8.3 | 8.45 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs177,470.
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 207,000 | PKR 2,445 |
Karachi | PKR 207,000 | PKR 2,445 |
Islamabad | PKR 207,000 | PKR 2,445 |
Peshawar | PKR 207,000 | PKR 2,445 |
Quetta | PKR 207,000 | PKR 2,445 |
Sialkot | PKR 207,000 | PKR 2,445 |
Attock | PKR 207,000 | PKR 2,445 |
Gujranwala | PKR 207,000 | PKR 2,445 |
Jehlum | PKR 207,000 | PKR 2,445 |
Multan | PKR 207,000 | PKR 2,445 |
Bahawalpur | PKR 207,000 | PKR 2,445 |
Gujrat | PKR 207,000 | PKR 2,445 |
Nawabshah | PKR 207,000 | PKR 2,445 |
Chakwal | PKR 207,000 | PKR 2,445 |
Hyderabad | PKR 207,000 | PKR 2,445 |
Nowshehra | PKR 207,000 | PKR 2,445 |
Sargodha | PKR 207,000 | PKR 2,445 |
Faisalabad | PKR 207,000 | PKR 2,445 |
Mirpur | PKR 207,000 | PKR 2,445 |
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