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Looking for this?Trump's fresh executive order targets senior military figures in Iran, blocking their access to any financial assets under US jurisdiction and came as a surprise to many.
"These measures represent a strong and proportionate response to Iran's increasingly provocative actions," Trump told reporters in the Oval Office.
https://twitter.com/CNNPolitics/status/1143191560110125056
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The tycoon-turned-president elaborated that Washington would continue to ramp up pressure on Tehran until the regime abandons its 'dangerous activities and its aspirations, including the pursuit of nuclear weapons, increased enrichment of uranium, development of ballistic missiles, engagement and support for terrorism, fuelling of foreign conflicts and belligerent acts directed against the United States and its allies.'
The executive order stated the sanctions are "in light of the actions of the government of Iran and Iranian-backed proxies, particularly those taken to destabilize the Middle East, promote international terrorism, and advance Iran's ballistic missile program, and Iran's irresponsible and provocative actions in and over international waters, including the targeting of United States military assets and civilian vessels."
The US Treasury Department said eight senior Iranian commanders who "sit atop a bureaucracy that supervises the IRGC's [the elite Islamic Revolution Guard Corps] malicious regional activities", were being targeted.
The sanctions come days after Iran shot down a US surveillance drone worth over $100 million over the Strait of Hormuz last week, with its Foreign Minister Javad Zarif contending that trespassed.
After Tehran's action, Trump pulled back from the brink of retaliatory strikes on Iran; the Muslim-majority state has yet to comment on fresh sanctions imposed by POTUS.
Daily Pakistan Global Web Desk
KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.
This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.
According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.
The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.
In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”
Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.
Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.
Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.
https://en.dailypakistan.com.pk/01-Jun-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-june-1-2023
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.
Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.
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 229,000 | PKR 2125 |
Karachi | PKR 229,000 | PKR 2125 |
Islamabad | PKR 229,000 | PKR 2125 |
Peshawar | PKR 229,000 | PKR 2125 |
Quetta | PKR 229,000 | PKR 2125 |
Sialkot | PKR 229,000 | PKR 2125 |
Attock | PKR 229,000 | PKR 2125 |
Gujranwala | PKR 229,000 | PKR 2125 |
Jehlum | PKR 229,000 | PKR 2125 |
Multan | PKR 229,000 | PKR 2125 |
Bahawalpur | PKR 229,000 | PKR 2125 |
Gujrat | PKR 229,000 | PKR 2125 |
Nawabshah | PKR 229,000 | PKR 2125 |
Chakwal | PKR 229,000 | PKR 2125 |
Hyderabad | PKR 229,000 | PKR 2125 |
Nowshehra | PKR 229,000 | PKR 2125 |
Sargodha | PKR 229,000 | PKR 2125 |
Faisalabad | PKR 229,000 | PKR 2125 |
Mirpur | PKR 229,000 | PKR 2125 |
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