KARACHI – Two more leaders of the Pakistan Tehreek-e-Insaf (PTI) have quit the party as crackdown on Imran Khan's supporters and party leaders continues unabated despite calls from the rights groups that the Pakistani government must end the reign of "arbitrary arrests".
Aftab Siddiqui, president of the Pakistan Tehreek-e-Insaf (PTI) Karachi, and Usman Tarakai, former member of the National Assembly, are the latest to quit the party.
Aftab Siddiqui, a former Karachi-based member of the National Assembly (MNA), announced his resignation from the party and departure from politics in a statement. He however said he would continue to work in "individual capacity" for the sake of the nation and its economy.
Usman Tarakai, who was elected to the National Assembly from Swabi, has parted ways with the party.
Usman announced his resignation from the PTI, citing his inability to remain in the party after the May 9 events. He said he was leaving the party's basic membership. "May 9 events were disrespectful to the martyrs,'' he stated
Daily Pakistan Global Web Desk
KARACHI – The Pakistani rupee on Tuesday continued its ascent, trading at less than Rs290 against the US dollar in the morning interbank market, primarily due to stringent measures in the financial sector.
The US dollar was valued at Rs289.78 around 9:48 am, as reported by the Forex Association of Pakistan, marking a decrease of Rs1.18 from the previous day’s closing rate of Rs290.86.
This ongoing rise in the value of the rupee follows the crackdown on illegal dollar trading initiated earlier this month, with strong support from the military.
In the open market, the rupee also made gains against the dollar, trading at Rs292 compared to the previous day’s rate of Rs293, according to the Exchange Companies Association of Pakistan.
Saad Bin Naseer, the director of the financial services platform Mettis Global, noted that this marked the 16th consecutive day of appreciation for the PKR, amounting to nearly a 6% increase.
Naseer attributed this surge primarily to administrative measures, stating that it seems the government’s crackdown on speculative elements contributing to rupee depreciation is having an effect.
He also suggested that if this trend persists and the Afghan border remains closed, the rupee could continue to appreciate in the future. However, he emphasized the importance of attracting foreign direct investment (FDI) into export-oriented sectors for long-term stability.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 210,100 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs180,130.
Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
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 210,100 | PKR 2,587 |
Karachi | PKR 210,100 | PKR 2,587 |
Islamabad | PKR 210,100 | PKR 2,587 |
Peshawar | PKR 210,100 | PKR 2,587 |
Quetta | PKR 210,100 | PKR 2,587 |
Sialkot | PKR 210,100 | PKR 2,587 |
Attock | PKR 210,100 | PKR 2,587 |
Gujranwala | PKR 210,100 | PKR 2,587 |
Jehlum | PKR 210,100 | PKR 2,587 |
Multan | PKR 210,100 | PKR 2,587 |
Bahawalpur | PKR 210,100 | PKR 2,587 |
Gujrat | PKR 210,100 | PKR 2,587 |
Nawabshah | PKR 210,100 | PKR 2,587 |
Chakwal | PKR 210,100 | PKR 2,587 |
Hyderabad | PKR 210,100 | PKR 2,587 |
Nowshehra | PKR 210,100 | PKR 2,587 |
Sargodha | PKR 210,100 | PKR 2,587 |
Faisalabad | PKR 210,100 | PKR 2,587 |
Mirpur | PKR 210,100 | PKR 2,587 |
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.