Naval chief vows to thwart any misadventure with iron fist

10:49 PM | 24 Oct, 2019
Naval chief vows to thwart any misadventure with iron fist
RAWALPINDI - Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi on Thursday visited Pakistan Navy's coastal installations and forward posts of units along Makran Coast to review the operational preparedness.

He also performed groundbreaking of various operational and administrative projects at Gwadar and Ormara bases.

During the visit, the naval chief was briefed about the ongoing operational activities, special measures being employed to maintain operational readiness of Pakistan Navy Fleet Units at optimum level and on achievements of Task Force-88 for ensuring maritime security of China Pakistan Economic Corridor (CPEC) GwadarPort, press release of Pakistan Navy stated.

Chief of the Naval Staff inspected the forward posts at coastal installations, interacted with the deployed troops and commended officers and men for their high morale, commitment and spirit of sacrifice.

The Naval Chief expressed satisfaction over operational preparedness of Pakistan Navy in undertaking the sacred task of defence of the motherland and reaffirmed the resolve that any misadventure by the enemy shall be thwarted with an iron fist.

During the visit, Chairman China Overseas Ports Holding Company, Zhang Baozhong called on Chief of the Naval Staff at Gwadar.

Matters of mutual interest including the security of CPEC and Gwadar Port were discussed. Zhang Baozhong appreciated Pakistan Navy's role in ensuring peace and security of this Game Changer project.

The Naval Chief expressed Pakistan Navy's resolve to ensure seaward defence of vital maritime infrastructure and protect maritime interests of Pakistan against all threats.

Both the dignitaries agreed to continue momentum on this important project which is aimed at prosperity and economic empowerment of people of the region and beyond.

Later, Admiral Zafar Mahmood Abbasi performed groundbreaking of various operational and administrative projects at Gwadar and Ormara which included extension of educational facilities at Junior Naval academy Ormara (JNAO).

Speaking at the occasion, the Naval Chief reiterated that Pakistan Navy will continue to play its part in contributing towards uplift of coastal areasthrough socio-economic initiatives especially in education and healthsectors.


Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720


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