ISLAMABAD – The International Monetary Fund has placed Pakistan at the 180th spot out of 190 countries in terms of the ratio of fiscal revenue to GDP.
The South Asian country, which is facing economic woes due to depleting foreign exchange reserves, has fiscal revenue to GDP ratio at 12.1 percent.
Among other countries in the region, Bangladesh ranked 183rd with a ratio of 9.6% while Sri Lanka fiscal revenue to GDP ratio recorded at 8.8% and Iran's at 8.3%. Somalia was ranked lowest at 190th with 7% in the list.
Among the countries with a high ratio, Libya is on the top of the list with 68.2%, followed by Norway 63.7%, Kuwait 54.9%, France 53.3% and Finland 51.9%.
Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.
On Saturday, 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.
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 |
The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.
On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.
Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.
Globally, gold prices hover at around $2072, gaining $32 on Saturday.
City | Gold | Silver |
Lahore | PKR 217,300 | PKR 2,705 |
Karachi | PKR 217,300 | PKR 2,705 |
Islamabad | PKR 217,300 | PKR 2,705 |
Peshawar | PKR 217,300 | PKR 2,705 |
Quetta | PKR 217,300 | PKR 2,705 |
Sialkot | PKR 217,300 | PKR 2,705 |
Attock | PKR 217,300 | PKR 2,705 |
Gujranwala | PKR 217,300 | PKR 2,705 |
Jehlum | PKR 217,300 | PKR 2,705 |
Multan | PKR 217,300 | PKR 2,705 |
Bahawalpur | PKR 217,300 | PKR 2,705 |
Gujrat | PKR 217,300 | PKR 2,705 |
Nawabshah | PKR 217,300 | PKR 2,705 |
Chakwal | PKR 217,300 | PKR 2,705 |
Hyderabad | PKR 217,300 | PKR 2,705 |
Nowshehra | PKR 217,300 | PKR 2,705 |
Sargodha | PKR 217,300 | PKR 2,705 |
Faisalabad | PKR 217,300 | PKR 2,705 |
Mirpur | PKR 217,300 | PKR 2,705 |
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