Search

French National Assembly approves 'yellow vest' tax cuts

11:35 AM | 21 Dec, 2018
French National Assembly approves 'yellow vest' tax cuts
PARIS – The French National Assembly on Friday approved a package of emergency concessions first announced by President Emmanuel Macron in a bid to end the violent "yellow vest" protests.

The tax cuts for low-income workers were put forward by Macron in a televised address earlier this month to help cool weeks of protests that brought major disruption to the country.

The measures provide a "quick, strong and concrete response" to the crisis, said the labour minister Muriel Penicaud in a debate which lasted into the early hours of Friday morning.

The measures include the removal of a planned tax increase for a majority of pensioners and tax-free overtime pay for all workers.

Economists estimate the cuts will cost up to 15 billion euros ($17 billion).

The concessions will now move to the Senate for approval.

https://en.dailypakistan.com.pk/world/over-700-arrested-in-paris-amid-violent-fuel-protests/

Tens of thousands of people joined rallies across France on consecutive Saturdays in a movement which sprung up over fuel tax hikes but snowballed into broader opposition to Macron.

Police this week said they would start removing barricades at roundabouts and on motorways after the demonstrations began to run out of steam.

The protests, which at times spiralled into violence, took a toll on the economy, with businesses counting the cost of supply disruptions, smashed property and a dearth of shoppers and tourists who stayed away from city centres.

On Thursday the president told critics of the fuel tax hikes "you're right" after 1.15 million people signed a petition suggesting several other ways to fight fossil fuel pollution.

Macron called the petition a "citizens' act".

"Your message, I heard it. I am responding to you directly, you are right," Macron wrote on the website Change.org.

He reminded the petition signers that his government has cancelled the planned increase in fuel tax and that no hikes in gas and electricity prices would be made during the winter.

While restating that reducing fossil fuels which contribute to climate change was a necessary action, Macron added that it "must not put the problems of the end of the world in opposition to the problems at the end of the month" -- alluding to the anger of the "yellow vest" protest movement about the cost of living in France and the difficulty in making ends meet.

The number of people who have been killed during the "yellow vest" protests since they began in early November rose to nine on Thursday after a 60-year-old man was hit by a lorry at a demonstration next to a motorway near Agen in southwestern France.

Advertisement

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

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter