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Pakistan proposes SCO Development Bank for member states
Pakistan has proposed establishment of Shanghai Cooperation Organization Development Bank for development of member states on the pattern of the International Financial Cooperation.
The proposal was put forth by Pakistani Minister for Industries and Production Makhdum Khusro Bakhtyar while addressing the Industrial Ministerial Conference of SCO member states through video link.
The Pakistani minister also proposed energising the SCO business council for greater integration of business and industries in the region.
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Pakistani rupee remains stable against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates
Pakistani rupee remained stable against the US dollar, and other currencies in the open market on Friday.
Dollar Rate in Pakistan Today
On Friday, the US dollar remained stable and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Today's currency exchange rates in Pakistan - 8 December 2023
Source: Forex Association of Pakistan. (last update 09:00 AM)
| Currency | Symbol | Buying | Selling |
| US Dollar | USD | 283.2 | 286.15 |
| Euro | EUR | 308 | 311 |
| UK Pound Sterling | GBP | 358.5 | 362 |
| U.A.E Dirham | AED | 77.4 | 78.1 |
| Saudi Riyal | SAR | 76 | 76.8 |
| Australian Dollar | AUD | 187.2 | 189 |
| Bahrain Dinar | BHD | 757.23 | 765.23 |
| Canadian Dollar | CAD | 209 | 211 |
| China Yuan | CNY | 39.89 | 40.29 |
| Danish Krone | DKK | 41.19 | 41.59 |
| Hong Kong Dollar | HKD | 36.41 | 36.71 |
| Indian Rupee | INR | 3.42 | 3.53 |
| Japanese Yen | JPY | 1.39 | 1.45 |
| Kuwaiti Dinar | KWD | 921.71 | 930.71 |
| Malaysian Ringgit | MYR | 61.02 | 61.62 |
| New Zealand Dollar | NZD | 174.54 | 176.54 |
| Norwegians Krone | NOK | 26.05 | 26.35 |
| Omani Riyal | OMR | 739.62 | 747.62 |
| Qatari Riyal | QAR | 78.22 | 78.92 |
| Singapore Dollar | SGD | 211 | 213 |
| Swedish Korona | SEK | 27.12 | 27.42 |
| Swiss Franc | CHF | 324.94 | 327.44 |
| Thai Bhat | THB | 8.06 | 8.21 |
Gold prices in Pakistan increase; Check out latest rates here
Gold price in Pakistan increased as the yellow metal witnessed an upward trend in the international market.
Gold Rates in Pakistan Today - 8 December 2023
On Friday, the price of a single tola of 24-karat gold stands at Rs217,400 and 10 grams of 24k gold costs Rs186,390.
Single tola of 22 Karat Gold costs Rs199,282, 21 karat rate for per tola is Rs190,225 and 18k gold rate is Rs163,050 each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Friday.
Today Gold Rate in Pakistan
Today Gold Price in Pakistan (8 December 2023)
| City | Gold | Silver |
| Lahore | PKR 217,400 | PKR 2,583 |
| Karachi | PKR 217,400 | PKR 2,583 |
| Islamabad | PKR 217,400 | PKR 2,583 |
| Peshawar | PKR 217,400 | PKR 2,583 |
| Quetta | PKR 217,400 | PKR 2,583 |
| Sialkot | PKR 217,400 | PKR 2,583 |
| Attock | PKR 217,400 | PKR 2,583 |
| Gujranwala | PKR 217,400 | PKR 2,583 |
| Jehlum | PKR 217,400 | PKR 2,583 |
| Multan | PKR 217,400 | PKR 2,583 |
| Bahawalpur | PKR 217,400 | PKR 2,583 |
| Gujrat | PKR 217,400 | PKR 2,583 |
| Nawabshah | PKR 217,400 | PKR 2,583 |
| Chakwal | PKR 217,400 | PKR 2,583 |
| Hyderabad | PKR 217,400 | PKR 2,583 |
| Nowshehra | PKR 217,400 | PKR 2,583 |
| Sargodha | PKR 217,400 | PKR 2,583 |
| Faisalabad | PKR 217,400 | PKR 2,583 |
| Mirpur | PKR 217,400 | PKR 2,583 |
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