New army chief to be appointed by Nov 26, says Khawaja Asif

09:33 PM | 22 Nov, 2022
New army chief to be appointed by Nov 26, says Khawaja Asif
Source: National Assembly of Pakistan (Twitter)

ISLAMABAD – Defence Minister Khawaja Asif has said the new army chief will be announced by November 26.

The incumbent head of the Pakistan Army, General Qamar Javed Bajwa, will retire on November 29.

“General Bajwa will retire on December 29, but the new army chief will be notified before that, by the 26th of this month,” Asif said in an interview to a Pakistani news channel.

He explained that as per tradition, the Prime Minister’s Office had sent a letter to the Ministry of Defence as well as to the army headquarters, GHQ, to send dossiers of the top contenders for the army chief’s post.

“The GHQ will send names and dossiers detailing the services of all prospective candidates for the post of army chief,” Asif said.

“A summary [of candidates’ names] prepared by the defence ministry [and sent to PMO] is a tradition and the process has no legal constraints … In my opinion, PM Shehbaz [Sharif] should be following this tradition.”

Top Contenders For Army Chief's Post

Among the top contenders for the army chief's post are Lieutenants-General Asim Munir, the army’s quartermaster general; Azhar Abbas, the chief of general staff; Nauman Mahmood, president of the National Defence University and Faiz Hameed, the former chief of Pakistan’s premier Inter-Services Intelligence (ISI) and currently the commander of the army’s Bahawalpur Corps.

Asif’s repeated comments in the last week that the new chief would be appointed by November 25 have given rise to widespread speculation that the government’s choice is Gen Munir, who is technically the senior-most of the top generals in the army but is set to retire on November 27, two days before the incumbent hangs up his uniform. He thus needs to be appointed before November 27 in order to become chief.

An army chief’s tenure is for three years from the date of appointment, but they often obtain extensions, as did Bajwa in 2019.

The appointment of a new army chief will have a bearing on the future of the burgeoning democracy and set the tone for Pakistan's relations with India, Afghanistan, China and the United States.


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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