ADB President lauds Pakistan's reform process, assures continued support

Web Desk 11:35 AM | 12 Apr, 2019
ADB President lauds Pakistan's reform process, assures continued support
WASHINGTON/ISLAMABAD – Finance Minister Asad Umar and the Pakistani delegation he has been leading, met with representatives of Asian Development Bank (ADB), World Bank representatives and his Saudi Arabia counterpart, to discuss issues related to economy and reforms’ measures taken by the country.

They also held a number of bilateral meetings on the sidelines of International Monetary Fund (IMF) and World Bank (WB) spring meetings in Washington DC, said a press statement received Friday.

The finance minister and his delegation met with the President Asian Development Bank, Takehiko Nakao and apprised him of the current macroeconomic situation in the country.

The minister and the ADB president discussed continuation of Pakistan’s ongoing engagement with the bank, while Nakao appreciated the reform process in the country and assured continued support of the Asian Development Bank.

Earlier, Asad Umar reviewed the World Bank’s Pakistan portfolio in a meeting with the World Bank team led by Hartwig Schafer, Vice President for South Asia.

They discussed the pipeline projects as well as the sectors where World Bank could further scale up its interventions in Pakistan.

The finance minister also held a meeting with a team of World Bank’s Multilateral Investment Guarantee Agency (MIGA) led by its Chief Operating Officer, Vijay Iyer, and shared views about the privatization policy of the government and the expansion of public private partnership framework in the country.

MIGA team apprised Asad Umar of its current engagements in Pakistan. They informed that MIGA was now looking to expand its portfolio in the country.

On the sidelines, the minister also met with the US Treasury and apprised them about the macroeconomic situation in the country, the reform efforts as well as measures being taken to strengthen the anti-money laundering legal and enforcement framework.

Asad Umar also held a meeting with his Saudi counterpart, Mohammed Al-jadaan.

Al-jadaan apprised the minister of increasing growth momentum of Saudi economy and potential employment opportunities for Pakistani construction workers in his country.

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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 January 26, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 253.4 255.15
Euro EUR 274 276.6
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs190,900 on Thursday. The price of 10 grams of 24k gold was recorded at Rs163,670.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

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 190,900 PKR 2,100
Karachi PKR 190,900 PKR 2,100
Islamabad PKR 190,900 PKR 2,100
Peshawar PKR 190,900 PKR 2,100
Quetta PKR 190,900 PKR 2,100
Sialkot PKR 190,900 PKR 2,100
Attock PKR 190,900 PKR 2,100
Gujranwala PKR 190,900 PKR 2,100
Jehlum PKR 190,900 PKR 2,100
Multan PKR 190,900 PKR 2,100
Bahawalpur PKR 190,900 PKR 2,100
Gujrat PKR 190,900 PKR 2,100
Nawabshah PKR 190,900 PKR 2,100
Chakwal PKR 190,900 PKR 2,100
Hyderabad PKR 190,900 PKR 2,100
Nowshehra PKR 190,900 PKR 2,100
Sargodha PKR 190,900 PKR 2,100
Faisalabad PKR 190,900 PKR 2,100
Mirpur PKR 190,900 PKR 2,100


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