Earlier this week, Najib, whose long-ruling Barisan Nasional coalition suffered a shocking electoral defeat said that he and his wife were planning to go on an overseas holiday on Saturday.
According to media reports, Najib has been accused of diverting $700m (£517m) from a state investment fund in 2015 but has since been cleared by the authorities.
On Thursday, Mahathir Mohamad was sworn in as Malaysia's new prime minister, becoming the world's oldest elected leader at 92.
Mahathir asserted that there would be a thorough investigation into cases of alleged corruption including the one involving the state investment fund.
Interestingly, Mahathir Mohamad was once leading Barisan Nasional (BN) coalition and ruled the country for 22 years, from 1981 to 2003, however, he defected to the opposition to confront former fellow Najib Razak.
ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.
During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.
Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
https://en.dailypakistan.com.pk/30-Jan-2023/gold-continues-to-shine-hits-all-time-high-of-rs210-500-in-pakistan
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.
Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.
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 205,900 | PKR 2,370 |
Karachi | PKR 205,900 | PKR 2,370 |
Islamabad | PKR 205,900 | PKR 2,370 |
Peshawar | PKR 205,900 | PKR 2,370 |
Quetta | PKR 205,900 | PKR 2,370 |
Sialkot | PKR 205,900 | PKR 2,370 |
Attock | PKR 205,900 | PKR 2,370 |
Gujranwala | PKR 205,900 | PKR 2,370 |
Jehlum | PKR 205,900 | PKR 2,370 |
Multan | PKR 205,900 | PKR 2,370 |
Bahawalpur | PKR 205,900 | PKR 2,370 |
Gujrat | PKR 205,900 | PKR 2,370 |
Nawabshah | PKR 205,900 | PKR 2,370 |
Chakwal | PKR 205,900 | PKR 2,370 |
Hyderabad | PKR 205,900 | PKR 2,370 |
Nowshehra | PKR 205,900 | PKR 2,370 |
Sargodha | PKR 205,900 | PKR 2,370 |
Faisalabad | PKR 205,900 | PKR 2,370 |
Mirpur | PKR 205,900 | PKR 2,370 |
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