President Alvi calls for reducing political polarisation to achieve economic stability in Pakistan

Web Desk 09:40 AM | 9 Dec, 2022
President Alvi calls for reducing political polarisation to achieve economic stability in Pakistan
Source: File photo

ISLAMABAD – President Dr Arif Alvi has called upon all the politicians to commit themselves to democratic means of negotiations, consultations and deliberations to achieve consensus on issues confronting the nation and reduce political polarisation to achieve financial and economic stability in the country.

Addressing the concluding session of Islamabad Conclave-2022, titled “75 Years of Independence: Achieving Comprehensive National Security”, in Islamabad, the president said that the armed forces were committed to performing their mandated functions as per the constitution.

The president said that in the past the superpowers adopted the doctrine of mutually assured destruction, which diverted resources of the world towards meeting and developing more lethal weapon systems.

Dr Alvi added that even if a fraction of these resources had been diverted towards poverty and hunger then it could have been eliminated as well as the effects of climate change could have been mitigated.

He added that democracy, military defence, information and communication security, and economic independence were essential elements for a comprehensive defence of the country.

He said that the Constitution of Pakistan safeguarded the rights of all citizens equally irrespective of their social status, wealth or influence. He said that justice should be served promptly and cheaply without any discrimination which would help the country to move forward on a fast-track basis.

Dr Alvi stated that Pakistan acquired nuclear deterrence, which provided the country relief and a credible defence system for 20 to 30 years but with the advent of cyber security, the entire defence system paradigm had changed. He went on to say that concrete steps should be taken to protect national assets from cyber security attacks, and that a system should be put in place to counter any future cyber-attacks in the country.

The president stated that the country’s higher education institutions should avoid refusing admission to students in the country’s major institutions, and that all aspiring students should be admitted in order to increase the number of people with a higher education.

Talking about population control, President Alvi said that there was a need to remove taboos attached to the preventive methods of population control and ensure the availability of contraceptives.

The Director General of ISSI, Ambassador (retd) Aizaz Ahmed Chaudhary, briefed the participants about the issues discussed at the conclave.

Web Desk
Web Desk

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 February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420


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