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COAS Bajwa likely to visit US soon: reports

01:26 PM | 16 Aug, 2022
COAS Bajwa likely to visit US soon: reports
Source: File Photo

ISLAMABAD - Chief of Army Staff (COAS) General Qamar Javed Bajwa is expected to visit Pakistan in late August or September, it emerged on Tuesday.

A local media report said that officials of both countries were trying to finalize the exact dates of the high-profile trip to Washington.

Pakistan had been closely cooperating with the US in the fields of defence and security but fissures developed between them following the Afghanistan conflict wherein Islamabad was pressurized to do more despite sacrificing thousands of civil and military officials’ lives.  

The ties touched a historic level when former prime minister Imran Khan blamed the US for orchestrating a conspiracy with local PTI rivals to topple his government.  The US has been continuously denied the allegations.

Dawn newspaper in its report said that Pakistan Army chief’s visit was likely to take place “in late August or early September.”

“A date will soon be finalized,” the publication said in its story.

The development comes after around a couple of weeks General Bajwa approached Washington to request help in getting an early loan dispersal from the International Monetary Fund (IMF), as inflation and debt all stoke fears of economic collapse in cash strapped nation.

A report in Nikkei Asia quoting sources suggests that a top Pakistani general held a rare telephonic conversation with US Deputy Secretary of State Wendy Sherman earlier this week as deteriorating foreign reserves overshadow economic recovery.

During his call with US Deputy Secretary of State, COAS Bajwa urged the White House and the US Treasury Department for the quick supply of $1.2 billion to Pakistan.

General Bajwa has reached out to Washington as the financial lifeline from global lenders would be crucial for Islamabad’s economy buckling under pressure amid global price rise.

Earlier, Washington-based lender IMF already granted Pakistan staff-level approval for the loan, however, the transaction will be processed after the multilateral lender's executive board grants final approval.

Meanwhile, International Monetary Fund is going into recess for the next three weeks and its board will not convene until late August, the report said, as the Pakistani currency is falling freely against the US dollar in interbank trading.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec  2023

Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.

Dollar Rate in Pakistan Today

On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.

Today’s currency exchange rates in Pakistan – 4 December 2023

Currency Symbol Buying Selling
US Dollar USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices in Pakistan move down despite positive global cues

The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 4 December 2023

On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043 

A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.

In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,000 PKR 2,720
Karachi PKR 217,000 PKR 2,720
Islamabad PKR 217,000 PKR 2,720
Peshawar PKR 217,000 PKR 2,720
Quetta PKR 217,000 PKR 2,720
Sialkot PKR 217,000 PKR 2,720
Attock PKR 217,000 PKR 2,720
Gujranwala PKR 217,000 PKR 2,720
Jehlum PKR 217,000 PKR 2,720
Multan PKR 217,000 PKR 2,720
Bahawalpur PKR 217,000 PKR 2,720
Gujrat PKR 217,000 PKR 2,720
Nawabshah PKR 217,000 PKR 2,720
Chakwal PKR 217,000 PKR 2,720
Hyderabad PKR 217,000 PKR 2,720
Nowshehra PKR 217,000 PKR 2,720
Sargodha PKR 217,000 PKR 2,720
Faisalabad PKR 217,000 PKR 2,720
Mirpur PKR 217,000 PKR 2,720

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