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Petroleum prices likely to increase for next fortnight: reports
ISLAMABAD – The prices of petroleum products are likely to increase a little as the incumbent government is expected to announce revised prices today (Saturday).
The announcement about the prices of petroleum products was earlier deferred as Prime Minister Shahbaz Sharif departed for Uzbekistan to attend the Shanghai Cooperation Organisation summit.
Prime Minister's Office has already informed the Finance Ministry about the announcement of the POL prices.
Reports in local media previously suggest that petrol price was likely to drop from Rs235.98 per litre to Rs226.36 after a cut of Rs9.62 per litre for the next fortnight, however latest reports suggest otherwise.
The government earlier increased prices under the deal with the International Monetary Fund.
Sharif-led government has given an assurance to the global lender to gradually increase petroleum levy on all products by Rs5 per litre every month to a maximum of Rs50 per litre to achieve the Rs855bn revenue target.
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Pakistani rupee inches up against US dollar, Euro, Pound, Riyal and Dirham; Check latest rates here
Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.
Dollar Rate in Pakistan Today
On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.
Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.
UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.
Today's currency exchange rates in Pakistan - 6 December 2023
Source: Forex Association of Pakistan. (last update 09:00 AM)
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 283.7 | 286.75 |
| Euro | EUR | 309 | 312 |
| UK Pound Sterling | GBP | 361 | 364 |
| U.A.E Dirham | AED | 77.6 | 78.3 |
| Saudi Riyal | SAR | 76 | 76.8 |
| Australian Dollar | AUD | 187.72 | 188.22 |
| Bahrain Dinar | BHD | 758.58 | 766.58 |
| Canadian Dollar | CAD | 209 | 211 |
| China Yuan | CNY | 39.93 | 40.33 |
| Danish Krone | DKK | 41.41 | 41.81 |
| Hong Kong Dollar | HKD | 36.49 | 36.84 |
| Indian Rupee | INR | 3.42 | 3.53 |
| Japanese Yen | JPY | 1.49 | 1.56 |
| Kuwaiti Dinar | KWD | 923.13 | 932.13 |
| Malaysian Ringgit | MYR | 60.97 | 61.57 |
| New Zealand Dollar | NZD | 175.89 | 177.89 |
| Norwegians Krone | NOK | 26.68 | 26.98 |
| Omani Riyal | OMR | 740.01 | 748.01 |
| Qatari Riyal | QAR | 78.36 | 79.06 |
| Singapore Dollar | SGD | 211 | 213 |
| Swedish Korona | SEK | 27.45 | 27.75 |
| Thai Bhat | THB | 8.09 | 8.24 |
Gold price sees major drop in Pakistan; Check today gold rates - 6 Dec 2023
KARACHI – Gold prices in the local market continue to decline in line with the international market.
Gold Rates in Pakistan Today - 6 December 2023
On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100.
Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.
In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.
Today Gold Rate in Pakistan
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR 219,400 | PKR 2,625 |
| Karachi | PKR 219,400 | PKR 2,625 |
| Islamabad | PKR 219,400 | PKR 2,625 |
| Peshawar | PKR 219,400 | PKR 2,625 |
| Quetta | PKR 219,400 | PKR 2,625 |
| Sialkot | PKR 219,400 | PKR 2,625 |
| Attock | PKR 219,400 | PKR 2,625 |
| Gujranwala | PKR 219,400 | PKR 2,625 |
| Jehlum | PKR 219,400 | PKR 2,625 |
| Multan | PKR 219,400 | PKR 2,625 |
| Bahawalpur | PKR 219,400 | PKR 2,625 |
| Gujrat | PKR 219,400 | PKR 2,625 |
| Nawabshah | PKR 219,400 | PKR 2,625 |
| Chakwal | PKR 219,400 | PKR 2,625 |
| Hyderabad | PKR 219,400 | PKR 2,625 |
| Nowshehra | PKR 219,400 | PKR 2,625 |
| Sargodha | PKR 219,400 | PKR 2,625 |
| Faisalabad | PKR 219,400 | PKR 2,625 |
| Mirpur | PKR 219,400 | PKR 2,625 |
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