With the political temperature rising in crisis-hit Pakistan, top leaders are meeting to chalk out future strategies.
As former ruling Pakistan Tehreek-e-Insaf (PTI) workers thronged Imran Khan’s residence to prevent the authorities from arresting the populist leader, President Dr. Arif Alvi has also reached Lahore’s Zaman Park to meet Imran Khan.
Reports in local media said Alvi exchanged views the Imran Khan about the dilapidating political situation as ruling alliance members hinted at the arrest of the PTI chief, who is facing a flurry of cases since being removed from power last year.
While top PTI leadership gathered in Lahore, PPP leader Asif Ali Zardari called on Prime Minister Shehbaz Sharif in Islamabad to discuss the future strategy of ruling alliance. Finance Minister Ishaq Dar, Khawaja Saad Rafique, Ayaz Sadiq senator Saleem Mandviwalla and other leaders also attended the meeting.
It was reported that the two met at Prime Minister’s House, and discussed the country’s political situation besides reviewing the politics of the southeastern region.
As Khan gains momentum on the heels of the current crisis, the ruling alliance leaders are discussing ways to resolve reservations of MQM-Pakistan and other allies.
The current development in politics threatens to plunge the country of over 220 million, already struggling with the worst economic crisis in recent times, even deeper into political turmoil.
ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.
During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.
Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.
Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.
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 205,900||PKR 2,370|
|Karachi||PKR 205,900||PKR 2,370|
|Islamabad||PKR 205,900||PKR 2,370|
|Peshawar||PKR 205,900||PKR 2,370|
|Quetta||PKR 205,900||PKR 2,370|
|Sialkot||PKR 205,900||PKR 2,370|
|Attock||PKR 205,900||PKR 2,370|
|Gujranwala||PKR 205,900||PKR 2,370|
|Jehlum||PKR 205,900||PKR 2,370|
|Multan||PKR 205,900||PKR 2,370|
|Bahawalpur||PKR 205,900||PKR 2,370|
|Gujrat||PKR 205,900||PKR 2,370|
|Nawabshah||PKR 205,900||PKR 2,370|
|Chakwal||PKR 205,900||PKR 2,370|
|Hyderabad||PKR 205,900||PKR 2,370|
|Nowshehra||PKR 205,900||PKR 2,370|
|Sargodha||PKR 205,900||PKR 2,370|
|Faisalabad||PKR 205,900||PKR 2,370|
|Mirpur||PKR 205,900||PKR 2,370|