Cash-strapped country assured lender to complete all prior conditions
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.
https://mobiles.dailypakistan.com.pk/pakistan-to-re-launch-youth-laptop-scheme-for-university-students/
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 |
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.