KARACHI – The Pakistan Stock Exchange (PSX) on Friday witnessed a negative trend amid the uncertainty over the resumption of the International Monetary Fund (IMF) bailout package.
The benchmark KSE-100 Index was hovering at 39,993.37 level, a decrease of 382.73 points and a percentage decline of 0.95%.
Automobile, cement, chemical, banking, oil and fertiliser sectors were trading in red.
Earlier, Prime Minister Shehbaz Sharif announced the Rs100 fuel subsidy on fuel, a programme that some economists fear could hinder a crucial IMF pay out needed to prevent economic collapse.
IMF representative Esther Perez Ruiz said this the government did not consult the fund about the fuel pricing scheme.
She said the fund would ask the government for more details about the proposal, including how it will be implemented and what protection would be put in place to prevent abuse.
Last month, the MPC of the State Bank of Pakistan (SBP) raised the key interest rate by 300 basis points, taking it to 20%.
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 June 03, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||375.5||380|
|Hong Kong Dollar||HKD||36.39||36.74|
|New Zealand Dollar||NZD||173.16||175.16|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 232,500 on Saturday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
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.
|Lahore||PKR 232,500||PKR 2125|
|Karachi||PKR 232,500||PKR 2125|
|Islamabad||PKR 232,500||PKR 2125|
|Peshawar||PKR 232,500||PKR 2125|
|Quetta||PKR 232,500||PKR 2125|
|Sialkot||PKR 232,500||PKR 2125|
|Attock||PKR 232,500||PKR 2125|
|Gujranwala||PKR 232,500||PKR 2125|
|Jehlum||PKR 232,500||PKR 2125|
|Multan||PKR 232,500||PKR 2125|
|Bahawalpur||PKR 232,500||PKR 2125|
|Gujrat||PKR 232,500||PKR 2125|
|Nawabshah||PKR 232,500||PKR 2125|
|Chakwal||PKR 232,500||PKR 2125|
|Hyderabad||PKR 232,500||PKR 2125|
|Nowshehra||PKR 232,500||PKR 2125|
|Sargodha||PKR 232,500||PKR 2125|
|Faisalabad||PKR 232,500||PKR 2125|
|Mirpur||PKR 232,500||PKR 2125|
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