ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday called on President Dr. Arif Alvi for the first time after assuming the premiership.
President's Secretariat issued a statement saying the two leaders met at President's House and exchanged views related to the evolving political and economic situation in Pakistan.
Sharif meets Alvi amid a dispute over the removal of Punjab Governor Omer Sarfaraz Cheema who earlier refused to administer the oath to the newly-elected Punjab Chief Minister after calling the provincial election controversial.
Sharif used his discretionary powers to remove Cheema, who has been directed to leave the governor's house at the earliest while the PTI leader said the premier did not have the authority to dismiss him and only the president could do so.
Later, the newly appointed Information Minister said that the government was sending a summary to the president for his removal on which senior PTI leader Fawad Chaudhry tweeted that the president had denied removing Cheema.
Dr Alvi earlier skipped the oath-taking ceremony of the Prime Minister citing poor health after which Senate Chairman Sadiq Sanjrani had taken over the responsibility. Similarly, he also distanced himself to administer oaths to federal cabinet members.
The PML-N leaders have criticised the president for what they said not performing his constitutional duties.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.
Globally, yellow metal went up by $12 to settle at $2,015 per ounce.
Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.
|Lahore||PKR 217,600||PKR 2,600|
|Karachi||PKR 217,600||PKR 2,600|
|Islamabad||PKR 217,600||PKR 2,600|
|Peshawar||PKR 217,600||PKR 2,600|
|Quetta||PKR 217,600||PKR 2,600|
|Sialkot||PKR 217,600||PKR 2,600|
|Attock||PKR 217,600||PKR 2,600|
|Gujranwala||PKR 217,600||PKR 2,600|
|Jehlum||PKR 217,600||PKR 2,600|
|Multan||PKR 217,600||PKR 2,600|
|Bahawalpur||PKR 217,600||PKR 2,600|
|Gujrat||PKR 217,600||PKR 2,600|
|Nawabshah||PKR 217,600||PKR 2,600|
|Chakwal||PKR 217,600||PKR 2,600|
|Hyderabad||PKR 217,600||PKR 2,600|
|Nowshehra||PKR 217,600||PKR 2,600|
|Sargodha||PKR 217,600||PKR 2,600|
|Faisalabad||PKR 217,600||PKR 2,600|
|Mirpur||PKR 217,600||PKR 2,600|