Top military brass resolves to fully support initiatives for revival of Pakistan’s economy

06:16 PM | 17 Oct, 2023
Top military brass resolves to fully support initiatives for revival of Pakistan’s economy
Source: A screengrab from Twitter video

RAWALPINDI (Dunya News) – Top military brass has vowed to fully support the strategic initiatives planned by the government of Pakistan for the revival of the economy by providing all possible support for the overall wellbeing of the people of the country.

Chief of Army Staff (COAS) General Asim Munir chaired the 260th Corps Commanders’ Conference (CCC) at GHQ on Tuesday, the Inter Services Public Relations said in a statement. 

Participants offered Fateha for the martyrs of Mastung, Hangu and Zhob incidents during the Holy month of Rabi’ al-Awwal. Forum also paid rich tribute to the supreme sacrifices being continuously offered by the security forces and Law Enforcement Agencies (LEAs) in defence of the motherland while fighting the menace of terrorism. 

The military leadership resolved that all terrorists, their facilitators and abettors, working on the behest of hostile forces to destabilise Pakistan will be dealt with unflinching resolve of the state.

Forum was briefed on prevalent geo-strategic environment, challenges to the national security and own strategy in response to evolving threat.

The top commanders reiterated Pakistan Army’s resolve to defend the sovereignty and territorial integrity of Pakistan against all kinds of direct and indirect threats.

The participants of the meeting viewed with concern the developments taking place in Gaza-Israel War and the enormous human cost being imposed on the innocent civilians due to the disproportionate use of force by Israel. 

Gen Asim Munir said, “the Palestinian people have unequivocal diplomatic, moral and political support of the Pakistani nation and we will continue to support the principled stance of our brethren for enduring resolution of the Palestinian issue and end to the unlawful occupation of their territories and Muslims’ Sacred places”.

The conference also took holistic review of the ongoing actions being taken against illegal economic activities. 

COAS emphasised “Pakistan Army will continue to provide all out support to the government and LEAs in taking strict lawful actions against illegal economic activities across the country. Actions against hoarding and smuggling mafias and cartels in different domains will be further strengthened in coming days to rid the country from negative impact of such ill practices”.

It also resolved to fully support the federal government’s decision to repatriate and deport all illegal foreigners from November 1, 2023 onwards. 

COAS also directed all concerned to support and facilitate smooth, respectable and safe repatriation/deportation of all illegal foreigners.  

He stressed on maintaining high standards of professionalism and motivation during operations and achieving excellence during training of the formations.


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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