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'No NRO for the corrupt': PM Imran Khan assures Pakistanis of bright future after accountability drive

08:05 PM | 24 Oct, 2018
'No NRO for the corrupt': PM Imran Khan assures Pakistanis of bright future after accountability drive
LAHORE - Prime Minister Imran Khan is taking the nation into confidence about his recent visit to Saudi Arabia and other issues related to the country's deteriorating economy in a live address.

Starting his speech with a 'good news' following his visit to Saudi Arabia, Khan said: "We were trying for many days to get rid of this burden placed on us of the debt. We had to pay back our debts otherwise we would have been faced with default."

"We got an amazing package from Saudi Arabia which has taken off the burden."

Khan said we had limited resources and were at the brink of becoming defaulters. We had two options; either go to IMF or seek help from friendly countries.

"If we had gone to IMF directly, we’d have had to borrow more money and that would have meant stricter conditions which would crush our poor strata of society. But now we are in a better position."

The premier said PTI government’s highest priority has been to protect the salaried class from economic pressures as much as we can.

"We are in talks with two more friendly nations and hopeful of more good news."

" In 1971, Pakistan was in debt of only Rs 30 billion, that amounted to Rs 6000 billion up to 2008 that hiked to Rs 30,000 billion by two parties-- PMLN and PPP."

The two parties that have been ruling Pakistan have not even spared welfare fund of workers. People in Steel Mills have been robbed of their welfare funds even.

Apart from all this, I want to ask the two parties who have been ruling Pakistan for past 10 years that do they have any shame when they unite against us and term us as failures?

Both the parties who have been ruling Pakistan have accumulated Pakistan’s debts from Rs 6,000 billion to Rs 30,000 billion. In addition to that, the previous government has left Rs 1200 billion as circular debt.

No NRO for the corrupt

"Pakistan is facing the worst volume of Money Laundering, they think that might pressurize us as they did in the Musharaf era, I would never do this as this would burden the public even more "

"They are trying to blackmail us. But if these parties want to protest, they’re more than welcome. We will give them a container. We will also give them dinner every day but what we will never give them is an NRO."

The corrupt think they will get another NRO just like they got from Musharraf. Make no mistake, there will be no NRO. "Our govt is adamant to take on corruption," Khan reiterated.

"Corruption is cancer for this society, we must eradicate corruption no matter how painful and hard it is for us, we are also encouraging investors to start the business in Pakistan "

PIA is under debt, Steel Mills is non-functional, under Rs 300 billion debt. These are the doings of these two parties. Now, they are all united in the name of “democracy is endangered” because we are investigating their corruption.

"My people! do not get panicked, nations have to pay the price of the wrongdoings of their leaders, we are curbing money laundering by strengthening our institutions. "

"The time is not far when Pakistan would be offering loans to the other countries instead of taking, stay strong, May Allah help us all. "

PM Imran said he had talked to Saudi authorities to reduce the visa fee for our workers that has been accepted by them. "I urge all overseas to send remittance through banking channel "

On Tuesday, Pakistan announced Saudi Arabia had agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.

Prime Minister Imran Khan said this week Pakistan was seeking help from "friendly nations", which is usually a reference to close allies Saudi Arabia and China, to go with an IMF programme.

'Pakistan to act as mediator in Yemen war'

Khan said that he will try to get Muslim countries together, besides acting as a "mediator" in the resolution of conflicts between Muslim countries.

"We are trying our best to act as a mediator to resolve the Yemen crisis," he said.

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Pakistani rupee inches up against US dollar, Euro, Pound and other currencies - Check forex rates here

Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

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.

Today's currency exchange rates in Pakistan – 2 December 2023

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

Gold registers big fall in Pakistan; check today gold rates in Pakatan - 2 December 2023

The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.

Gold Rates in Pakistan Today - 2 December 2023

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.

Today Gold Rate in Pakistan

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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