A survey conducted by the Ipsos Global Consumer Confidence Index (GCCI) has shown concerns about the Pakistani economy, investment scenario and the job market.
The survey by the GCCI, a national survey of consumer attitudes on the current and future state of the local economy, personal financial situation, confidence to make larger investments and the ability to save, says a vast majority of the people who took part in the survey believes that Pakistan is heading in the wrong direction.
According to the survey, the number of people who were worried about the rising inflation has increased by 12 percent compared to the numbers in March 2021. The survey says that inflation, poverty and social inequality, unemployment, increase in power tariff and the burden off additional taxes have affected the people the most.
The survey says only 8% of Pakistanis rate the current state of economy as strong. Most people believe that the economy will remain weak in the next six months and there will be no improvement in their financial condition.
As many as 86 percent of Pakistanis are less secure about their job compared to the last year. As many as 50 of Pakistanis say they personally know some who has lost the job in recent months.
Here are the key insights:
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 27, 2023 (Monday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.1 | 286.15 |
Euro | EUR | 304 | 307 |
UK Pound Sterling | GBP | 345.5 | 349 |
U.A.E Dirham | AED | 77.2 | 78 |
Saudi Riyal | SAR | 75.4 | 76.2 |
Australian Dollar | AUD | 187 | 189.4 |
Bahrain Dinar | BHD | 751.6 | 759.6 |
Canadian Dollar | CAD | 205 | 207.2 |
China Yuan | CNY | 41.44 | 41.84 |
Danish Krone | DKK | 41.31 | 41.71 |
Hong Kong Dollar | HKD | 35.92 | 36.27 |
Indian Rupee | INR | 3.41 | 3.52 |
Japanese Yen | JPY | 2.06 | 2.11 |
Kuwaiti Dinar | KWD | 923.62 | 932.61 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 177.56 | 179.56 |
Norwegians Krone | NOK | 26.33 | 23.64 |
Omani Riyal | OMR | 731.97 | 739.97 |
Qatari Riyal | QAR | 77.43 | 78.13 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 308.97 | 311.47 |
Thai Bhat | THB | 8.3 | 8.45 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs175,590.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 204,800 | PKR 2,470 |
Karachi | PKR 204,800 | PKR 2,470 |
Islamabad | PKR 204,800 | PKR 2,470 |
Peshawar | PKR 204,800 | PKR 2,470 |
Quetta | PKR 204,800 | PKR 2,470 |
Sialkot | PKR 204,800 | PKR 2,470 |
Attock | PKR 204,800 | PKR 2,470 |
Gujranwala | PKR 204,800 | PKR 2,470 |
Jehlum | PKR 204,800 | PKR 2,470 |
Multan | PKR 204,800 | PKR 2,470 |
Bahawalpur | PKR 204,800 | PKR 2,470 |
Gujrat | PKR 204,800 | PKR 2,470 |
Nawabshah | PKR 204,800 | PKR 2,470 |
Chakwal | PKR 204,800 | PKR 2,470 |
Hyderabad | PKR 204,800 | PKR 2,470 |
Nowshehra | PKR 204,800 | PKR 2,470 |
Sargodha | PKR 204,800 | PKR 2,470 |
Faisalabad | PKR 204,800 | PKR 2,470 |
Mirpur | PKR 204,800 | PKR 2,470 |
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