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‘IMF stands ready to support Pakistan,’ says Cristine Lagarde after meeting PM Imran

Web Desk 06:43 PM | 10 Feb, 2019
‘IMF stands ready to support Pakistan,’ says Cristine Lagarde after meeting PM Imran
DUBAI – Prime Minister Imran Khan on Sunday held a one-on-one meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde on the sidelines of the World Government Summit, hosted by Dubai, to discuss conditionalities that have held up the accession to fund's bailout programme.

A press release issued by the IMF said Lagarde's meeting with the Pakistani premier had been "good and constructive".

“I had a good and constructive meeting with Prime Minister Khan, during which we discussed recent economic developments and prospects for Pakistan in the context of ongoing discussions toward an IMF-supported program.

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“I reiterated that the IMF stands ready to support Pakistan. I also highlighted that decisive policies and a strong package of economic reforms would enable Pakistan to restore the resilience of its economy and lay the foundations for stronger and more inclusive growth. As emphasized in the new government’s policy agenda, protecting the poor and strengthening governance are key priorities to improve people’s living standards in a sustainable manner,” the IMF statement read.

Earlier, Information Minister Fawad Chaudhry said the Khan-Lagarde meeting would "give us a chance to understand the IMF views and we will be able to give our version to IMF chief", Radio Pakistan reported. Chaudhry claimed that Pakistan wants "a fair deal that can actually help Pakistan in the short-term without affecting our long-term economic goals".

On Sunday evening, PM Imran Khan addressed the 7th edition of the WGS ─ an annual gathering of heads of states and governments, policy makers and experts. The summit will provide an opportunity to discuss improvement in governance through reform, innovation and technology.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 2, 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 June 2, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 299 302
Euro EUR 321 325
UK Pound Sterling GBP 375.5 380
U.A.E Dirham AED 80 81
Saudi Riyal SAR 79 79
Australian Dollar AUD 198 200
Bahrain Dinar BHD 758.25 766.25
Canadian Dollar CAD 226 228
China Yuan CNY 40.26 40.66
Danish Krone DKK 41.04 41.44
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.45
Kuwaiti Dinar KWD 927.17 936.17
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.04 317.54
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan – June 2, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,000 on Friday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

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 230,000 PKR 2125
Karachi PKR 230,000 PKR 2125
Islamabad PKR 230,000 PKR 2125
Peshawar PKR 230,000 PKR 2125
Quetta PKR 230,000 PKR 2125
Sialkot PKR 230,000 PKR 2125
Attock PKR 230,000 PKR 2125
Gujranwala PKR 230,000 PKR 2125
Jehlum PKR 230,000 PKR 2125
Multan PKR 230,000 PKR 2125
Bahawalpur PKR 230,000 PKR 2125
Gujrat PKR 230,000 PKR 2125
Nawabshah PKR 230,000 PKR 2125
Chakwal PKR 230,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125

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