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Commerce minister hopes decrease in petrol prices from Oct 1

08:41 PM | 23 Sep, 2023
Commerce minister hopes decrease in petrol prices from Oct 1
Source: Radio Pakistan

KARACHI – Caretaker Commerce and Industries Minister Gohar Ejaz hoped that petrol prices would go down from October 1 as the rupee has registered significant recovery against dollar in the open market.

The minister was addressing a press conference after he along with Governor Sindh Kamran Tessori held a meeting with businessmen, exporters and others in Karachi on Saturday.

He attributed the historic surge in prices of petroleum prices to massive depreciation of rupee against the greenback. He said it was standing at Rs160 against dollar last year while it surged to fresh high to Rs305 by early September 2023.

The caretaker minister said the government is determined to resolve energy crisis to facilitate businessmen in the country.

Gohar Ijaz praised the role of Karachi in the country’s economy and said the businessmen of Karachi can single-handedly take the country out of economic crisis.

Speaking on the occasion, Governor Sindh said efforts are being taken to ensure the supply of low cost electricity to the consumers.

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Pakistani rupee remains stable against US dollar, Euro, Pound and other currencies

Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today’s currency exchange rates in Pakistan – 3 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15 287.95
Euro EUR 309.9 310.5
UK Pound Sterling GBP 359.4 360.05
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
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 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices increase in Pakistan; check out today gold rates in Pakistan - 3 December 2023  

The price of gold increased by thousands of rupees due to an upward trend in the international market.

Gold Rates in Pakistan Today - 3 December 2023

On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.

Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.

Globally, gold prices hover at around $2072, gaining $32 on Sunday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,800 PKR 2,730
Karachi PKR 219,800 PKR 2,730
Islamabad PKR 219,800 PKR 2,730
Peshawar PKR 219,800 PKR 2,730
Quetta PKR 219,800 PKR 2,730
Sialkot PKR 219,800 PKR 2,730
Attock PKR 219,800 PKR 2,730
Gujranwala PKR 219,800 PKR 2,730
Jehlum PKR 219,800 PKR 2,730
Multan PKR 219,800 PKR 2,730
Bahawalpur PKR 219,800 PKR 2,730
Gujrat PKR 219,800 PKR 2,730
Nawabshah PKR 219,800 PKR 2,730
Chakwal PKR 219,800 PKR 2,730
Hyderabad PKR 219,800 PKR 2,730
Nowshehra PKR 219,800 PKR 2,730
Sargodha PKR 219,800 PKR 2,730
Faisalabad PKR 219,800 PKR 2,730
Mirpur PKR 219,800 PKR 2,730

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