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Looking for this?According to the report, IIF expects an agreement on a three-year IMF program of $15 billion by end of this year.
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The rupee’s 24% depreciation since end of 2017 may have eliminated most of the overvaluation, the institute stated.
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Fiscal adjustment, monetary tightening, and a greater exchange rate flexibility will be integral to the new program, it said.
Finance Minister Asad Umar on Saturday said the government will have to take difficult decisions that would be painful for people but necessary under international commitments to get out of the current severe economic situation.
Pakistan formally requested IMF for financial assistance at a meeting of the IMF-World Bank in Bali, Indonesia earlier this week. IMF chief Christine Lagarde said in a statement that she met with Finance Minister Asad Umar, State Bank Governor Tariq Bajwa and other members of Pakistan’s delegation.
"During the meeting, they requested financial assistance from the IMF to help address Pakistan’s economic challenges," Lagarde said.
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 07, 2023 (Wednesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 302.9 | 306.15 |
Euro | EUR | 321 | 324 |
UK Pound Sterling | GBP | 376 | 380 |
U.A.E Dirham | AED | 83 | 84 |
Saudi Riyal | SAR | 79.2 | 81 |
Australian Dollar | AUD | 202 | 204 |
Bahrain Dinar | BHD | 759.46 | 767.46 |
Canadian Dollar | CAD | 227 | 230 |
China Yuan | CNY | 40.28 | 40.68 |
Danish Krone | DKK | 41.09 | 41.49 |
Hong Kong Dollar | HKD | 36.4 | 36.75 |
Indian Rupee | INR | 3.46 | 3.57 |
Japanese Yen | JPY | 1.98 | 2.06 |
Kuwaiti Dinar | KWD | 928.09 | 937.09 |
Malaysian Ringgit | MYR | 61.94 | 62.54 |
New Zealand Dollar | NZD | 173.16 | 175.16 |
Norwegians Krone | NOK | 25.88 | 26.18 |
Omani Riyal | OMR | 742.38 | 750.38 |
Qatari Riyal | QAR | 78.38 | 79.08 |
Singapore Dollar | SGD | 222.5 | 225 |
Swedish Korona | SEK | 26.36 | 26.65 |
Swiss Franc | CHF | 313.87 | 316.35 |
Thai Bhat | THB | 8.21 | 8.36 |
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 226,100 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs193,850.
Likewise, 10 grams of 22k gold were being traded for Rs 177,695 while a single tola of 22-karat gold was being sold at Rs 207, 257.
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 226,100 | PKR 2125 |
Karachi | PKR 226,100 | PKR 2125 |
Islamabad | PKR 226,100 | PKR 2125 |
Peshawar | PKR 226,100 | PKR 2125 |
Quetta | PKR 226,100 | PKR 2125 |
Sialkot | PKR 226,100 | PKR 2125 |
Attock | PKR 226,100 | PKR 2125 |
Gujranwala | PKR 226,100 | PKR 2125 |
Jehlum | PKR 226,100 | PKR 2125 |
Multan | PKR 226,100 | PKR 2125 |
Bahawalpur | PKR 226,100 | PKR 2125 |
Gujrat | PKR 226,100 | PKR 2125 |
Nawabshah | PKR 226,100 | PKR 2125 |
Chakwal | PKR 226,100 | PKR 2125 |
Hyderabad | PKR 226,100 | PKR 2125 |
Nowshehra | PKR 226,100 | PKR 2125 |
Sargodha | PKR 226,100 | PKR 2125 |
Faisalabad | PKR 226,100 | PKR 2125 |
Mirpur | PKR 226,100 | PKR 2125 |
Daily Pakistan diligently monitors and updates the current gold rates in Pakistan on a daily basis
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