ISLAMABAD – Finance Minister Ishaq Dar said the coalition government has been in talks with friendly nations to restructure loans as crisis hit country struggling to salvage bailout funds.
Sharing his views about the deficit budget in the National Assembly, the Minister said the federal government is working on debt restructuring and sovereign deposits, which will continue being rolled over in the near future.
PML-N stalwart was of the view that if any country borrowed money, it should have returned it, saying restructuring was not something negative. Dar was optimistic to improve cash flow, saying the government is doing its best despite multiple challenges.
On Friday, Finance Minister rolled out an Rs14.5 trillion budget, GDP growth has been budgeted at 3.5 percent. The total outlay of the upcoming fiscal year is Rs14.46 trillion, more than 50 percent higher than last year.
The fifth most populous nation is facing a massive balance-of-payments crisis which dented economy badly as it attempts to service crippling external debt, and political quagmire also hampered potential foreign investment which further worsens the condition.
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 29, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||353.3||357|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.58||176.58|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Friday.
The price of 10 grams of 24k gold was recorded at Rs 176,270. 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.
|Lahore||PKR 205,600||PKR 2,465|
|Karachi||PKR 205,600||PKR 2,465|
|Islamabad||PKR 205,600||PKR 2,465|
|Peshawar||PKR 205,600||PKR 2,465|
|Quetta||PKR 205,600||PKR 2,465|
|Sialkot||PKR 205,600||PKR 2,465|
|Attock||PKR 205,600||PKR 2,465|
|Gujranwala||PKR 205,600||PKR 2,465|
|Jehlum||PKR 205,600||PKR 2,465|
|Multan||PKR 205,600||PKR 2,465|
|Bahawalpur||PKR 205,600||PKR 2,465|
|Gujrat||PKR 205,600||PKR 2,465|
|Nawabshah||PKR 205,600||PKR 2,465|
|Chakwal||PKR 205,600||PKR 2,465|
|Hyderabad||PKR 205,600||PKR 2,465|
|Nowshehra||PKR 205,600||PKR 2,465|
|Sargodha||PKR 205,600||PKR 2,465|
|Faisalabad||PKR 205,600||PKR 2,465|
|Mirpur||PKR 205,600||PKR 2,465|