Search

PM Shehbaz Sharif says approaching friendly nations for more loans ‘embarrassd’ him

Web Desk 12:24 PM | 15 Jan, 2023
PM Shehbaz Sharif says approaching friendly nations for more loans ‘embarrassd’ him
Source: File photo

LAHORE – Prime Minister Shehbaz Sharif visited friendly countries seeking foreign funds and loans as the sword of default is hanging over Pakistan.

During his recent address during the passing out ceremony of probationary officers of the Pakistan Administrative Service (PAS), the premier said approaching friendly nations for more loans and payments 'embarrassed' him.

Sharif said tapping friendly nations is not the right solution to deal with current economic challenges and stressed on achievement of sustainable development goals to put the economy on right track.

Sharing his views on economic challenges, the premier lamented previous governments for not contributing much to deal with the current situation.

Recalling his recent visit to UAE, PM Shehbaz maintained that United Arab Emirates President Sheikh Mohammed bin Zayed kindly announced to grant of a further $1 billion loan to cash strapped nation. Following PM’s visit, UAE agreed to roll over $2 billion and also approved providing $1 billion in loans while Islambad and Riyadh inked an agreement to finance oil derivatives worth $1 billion.

PM made back-to-back visits to friendly nations and approached the global lenders as country’s central bank forex reserves nosedived to $4.3 billion, badly affecting financing imports.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

Advertisement

Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 31, 2023

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 March 31, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.8 286.6
Euro EUR 306 309
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 79.9
Saudi Riyal SAR 75.6 76.4
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.

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 208,200 PKR 2,470
Karachi PKR 208,200 PKR 2,470
Islamabad PKR 208,200 PKR 2,470
Peshawar PKR 208,200 PKR 2,470
Quetta PKR 208,200 PKR 2,470
Sialkot PKR 208,200 PKR 2,470
Attock PKR 208,200 PKR 2,470
Gujranwala PKR 208,200 PKR 2,470
Jehlum PKR 208,200 PKR 2,470
Multan PKR 208,200 PKR 2,470
Bahawalpur PKR 208,200 PKR 2,470
Gujrat PKR 208,200 PKR 2,470
Nawabshah PKR 208,200 PKR 2,470
Chakwal PKR 208,200 PKR 2,470
Hyderabad PKR 208,200 PKR 2,470
Nowshehra PKR 208,200 PKR 2,470
Sargodha PKR 208,200 PKR 2,470
Faisalabad PKR 208,200 PKR 2,470

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter