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Finance Minister says talks with IMF about to conclude, staff-level pact likely in two days

11:21 AM | 9 Mar, 2023
Finance Minister says talks with IMF about to conclude, staff-level pact likely in two days
Source: File Photo

ISLAMABAD – Pakistan is inching closer to reviving a bailout from the International Monetary Fund, Finance Minister Ishaq Dar announced, saying he and his team were absolutely committed to sealing deal with US-based lender.

Sharing his views at a seminar organized by the Finance Ministry in the federal capital, the finance czar pledged to follow the agreements with the global. He flagged the ongoing economic crisis as one of the many challenges faced by South Asian countries, which according to him was caused by the policies of the Pakistan Tehreek-e-Insaf government.

Our government is doing its best to fix these issues and that progress will soon be visible, Dar added.

He called it a race against time to implement measures to salvage the deal with the IMF as reserves for essential imports plunged in recent times, while elections are due in coming months.

Drawing a comparison of the policies of the previous and incumbent governments, the PML-N leader said his team decided to discharge all the sovereign commitments that the previous government had made.

He slammed Imran Khan-led government for deviating from the IMF program, denting the confidence of development institutions, and losing foreign investment due to erroneous policies.

Before concluding his speech, the country’s finance chief said Pakistan is set to salvage the IMF deal in two days.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 25, 2023

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 September 25, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 292 295.15
Euro EUR 317 317
UK Pound Sterling GBP 372.5 376
U.A.E Dirham AED 81.5 82.3
Saudi Riyal SAR 78.55 79.3
Australian Dollar AUD 198 200
Bahrain Dinar BHD 781.13 789.13
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.22 40.62
Danish Krone DKK 42.35 42.75
Hong Kong Dollar HKD 317 320
Indian Rupee INR 37.93 38.28
Japanese Yen JPY 1.92 1.99
Kuwaiti Dinar KWD 951.03 960.03
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.23 176.23
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.72 770.72
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 217 219
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 325.12 327.62
Thai Bhat THB 8.31 8.46

Gold Rate in Pakistan Today – September 26, 2023

Today Gold Rate in Pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 210,100 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs180,130.

Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

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.

Today Gold Price in Pakistan - 26 September 2023

City Gold Silver
Lahore PKR 210,100 PKR 2,587
Karachi PKR 210,100 PKR 2,587
Islamabad PKR 210,100 PKR 2,587
Peshawar PKR 210,100 PKR 2,587
Quetta PKR 210,100 PKR 2,587
Sialkot PKR 210,100 PKR 2,587
Attock PKR 210,100 PKR 2,587
Gujranwala PKR 210,100 PKR 2,587
Jehlum PKR 210,100 PKR 2,587
Multan PKR 210,100 PKR 2,587
Bahawalpur PKR 210,100 PKR 2,587
Gujrat PKR 210,100 PKR 2,587
Nawabshah PKR 210,100 PKR 2,587
Chakwal PKR 210,100 PKR 2,587
Hyderabad PKR 210,100 PKR 2,587
Nowshehra PKR 210,100 PKR 2,587
Sargodha PKR 210,100 PKR 2,587
Faisalabad PKR 210,100 PKR 2,587
Mirpur PKR 210,100 PKR 2,587

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