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India imposes President's rule in occupied Jammu and Kashmir

10:32 AM | 19 Dec, 2018
India imposes President's rule in occupied Jammu and Kashmir
NEW DELHI – The Indian government has imposed President’s rule in the occupied Jammu and Kashmir, the first time since 1996, after Ram Nath Kovind signed a proclamation ordering imposition of central rule in the state from midnight, PTI reported. The Governor’s rule ended on December 19.

The new ruling system in the occupied region where Indian forces ‘atrocities are on the rise will be imposed from Thursday (December 20), Indian media reported.

The Union Cabinet has given the go-ahead for President’s rule after it was recommended by Governor Satya Pal Malik.

A communication from the governor’s office was sent to the Union Home Ministry and subsequently, it was sent to the cabinet with the proposal for its approval.

Indian President Ram Nath Kovind will have to issue a proclamation declaring that the powers of the legislature of the state shall be exercisable by or under the authority of the Parliament, India Today reported.

A political crisis marred the occupied land in June this year when 25 members of the Bhartiya Janta Party (BJP) withdrew support from People's Democratic Party (PDP) chief Mehbooba Mufti-led coalition government, making it a minority.

Following the crisis, a six-month-long Governor rule, which is compulsory under Article 92 of the state’s Constitution, was imposed and the legislative powers were vested the Governor.

The Governor has to dissolve the Legislative Assembly after six months. The state then directly comes under President's rule for another six months after which elections have to be held in the region.

The President’s rule can be extended for another six months if elections are not held, while it cannot be remained in force for more than three years except for the intervention of Election Commission of India which has to certify that the proclamation is need of the hour due to difficulties in holding the elections.

The governor on November 21 dissolved the 87-member legislative assembly after the PDP, supported by the Congress and their arch-rivals National Conference, had staked their claim to form the government.

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Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
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 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696

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