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IMF clears the air about Shehbaz-Georgieva call after ‘misleading’ handout released by PM office

10:22 AM | 8 Jan, 2023
IMF clears the air about Shehbaz-Georgieva call after ‘misleading’ handout released by PM office

ISLAMABAD – The International Monetary Fund (IMF) says that a call between Managing Director Kristalina Georgieva and Prime Minister Shehbaz Sharif took place on the request of the Pakistani premier.

In a statement to a private TV channel today, IMF resident representative Esther Perez clarified that the telephonic conversation between Shehbaz Sharif and Kristalina Georgieva was held to discuss the international conference on resilient Pakistan, which is scheduled to be held tomorrow (January 9).

The IMF official responded to an official handout released by the PM Office after his speech at the Hazara Electric Supply Company (HAZECO)'s inauguration ceremony which read that “the IMF managing director called premier Shehbaz on the phone.”

During his Friday’s speech, PM Shehbaz claimed that the Fund's managing director had contacted him and that the IMF mission “would come to Pakistan in two to three days.”

However, the IMF official said that the Fund’s delegation is expected to meet Finance Minister Ishaq Dar on the sidelines of the Geneva conference to discuss outstanding issues and the path forward.

The statement did not indicate that the 9th review mission will arrive in Pakistan in three days.

Such factually incorrect statements may create more problems for Pakistan to convince the IMF, particularly when there is a long history of mistrust between both the sides.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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