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Pakistan’s Finance minister lands in Washington for IMF talks, World Bank’s meetings

10:19 AM | 15 Apr, 2024
Pakistan’s Finance minister lands in Washington for IMF talks, World Bank’s meetings
Source: File Photo

WASHINGTON – Pakistan’s Finance Minister Muhammad Aurangzeb on Sunday landed in Washington for crucial talks with International Monetary Fund (IMF) and the World Bank meetings.

Aurangzeb and his team arrived in the US amid Islamabad’s efforts to secure a new loan program by the end of the current FY. Pakistan’s Ambassador Masood Khan and officials from the Pakistan embassy welcomed the finance minister at the airport.

IMF meetings and events are scheduled from April 17-19, with additional activities from April 15-20. FinMin Aurangzeb and other members have a busy schedule, including bilateral meetings with global lender and World Bank leaders, as well as officials from various international financial institutions.

The Pakistani delegation will also interact with finance ministers from China, Saudi Arabia, UAE, Turkey, and other friendly nations attending the event. They are expected to meet US officials, given the meetings are in Washington.

Earlier, IMF MD Kristalina Georgieva mentioned that South Asian nation has important issues to resolve, acknowledging the country’s interest in a new loan arrangement.

Pakistan showed interest in securing its largest loan facility yet and expressed readiness to engage in program discussions in the coming months. The IMF is also expected to finalize the disbursement of the last tranche of $1.1 billion from the existing arrangement during the spring meetings.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 22 May 2024

 Pakistani currency rates against US Dollar and other currencies on May 22, 2024 (Wednesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.05 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349 for buying, and 352.5 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 22 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 277.15
Euro EUR 297 300
UK Pound Sterling GBP 349 352.5
U.A.E Dirham AED 75.2 75.95
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.34 748.34
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.91
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 903.3 912.3
Malaysian Ringgit MYR 59.34 59.94
New Zealand Dollar NZD 170.11 172.11
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.13 731.13
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.98 26.28
Swiss Franc CHF 305.97 308.47
Thai Bhat THB 7.67 7.82

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