PM Shehbaz says Pakistan ready to complete IMF programme without further delay

Cash-strapped country assured lender to complete all prior conditions

Web Desk 11:49 PM | 24 Jan, 2023
PM Shehbaz says Pakistan ready to complete IMF programme without further delay
Source: shehbazsharif/Facebook

ISLAMABAD – Prime Minister Shehbaz Sharif on Tuesday reiterated his government’s desire to complete the 9th review of the International Monetary Fund (IMF) without further delay as the economic crisis worsens in Pakistan.

Speaking at the launch ceremony in the federal capital, the premier said the government has conveyed the government’s willingness to Washington-based lender. “I have informed the IMF chief executive that we are ready to complete the pending review and fulfill all the stern conditions,” he said.

The incumbent government is trying to woo the IMF, which is dubbed as the last option for South Asian country, amid deadlock that continued over the last few months while the sword of debt default is hanging over Pakistan.

During today’s ceremony, PM Shehbaz underscored the ongoing negotiation with IMF, calling it bitter pill for the government as he claims to sacrifice ‘political gains’ for the sake of the country.

Reports in local media said the global lender told Islamabad to take essential actions within three weeks for the revival of staff-level agreement and release a $1 billion tranche under the Extended Fund Facility (EFF).

PM launches ‘Youth Business and Agricultural Loan Schemes

Prime Minister launched Youth Business and Agricultural Loan Schemes to facilitate the youth amid challenging times.

The new program empowers youth with loans up to Rs7.5 million with easy installment options and low-interest rates, while loans of up to half a million will be offered interest-free.

Addressing the ceremony, Sharif commended young people as shining stars on the horizon of the country, saying he is confident about their potential and talent.

He further announced restoring Prime Minister Laptop Scheme and 1 lac laptops would be distributed among top students in the first phase.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 253.5 255.5
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

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 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100


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