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What is Wagner Group, and what’s happening in Russia?

11:45 PM | 24 Jun, 2023
What is Wagner Group, and what’s happening in Russia?
Source: File photos

MOSCOW – Amid the ongoing war between Russia and Ukraine, an armed rebellion by the private mercenary militia known as Wagner Group put President Vladimir Putin's government in a serious trouble.

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The Wagner Group led by Yevgeny Prigozhin, a former ally of Putin, announced a rebellion against the Russian army and took control of the Rostov city close to the Ukraine border on Saturday.

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In some of his recorded messages now circulating on social media, Prigozhin said the Russian military bombed his men fighting in Ukraine. He called the Wagner Group's rebellion a "march for justice" and not a military coup. He said that Putin's Ukraine war was based on lies and accused the top leadership of the Russian military of mishandling the Ukraine war.

Hours after the Wagner Group started marching on Moscow, Putin addressed the nation and vowed to crush the armed mutiny and punish its planners.

In a late night development, mutinous Russian mercenaries agreed to turn back to avoid bloodshed. The fighters of the Wagner private army were just 200 kilometres from the capital, said the leader, Yevgeny Prigozhin.

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“They wanted to disband the Wagner military company. We embarked on a march of justice on June 23. In 24 hours we got to within 200km of Moscow. In this time we did not spill a single drop of our fighters’ blood,” Prigozhin said in an audio message.

“Now the moment has come when blood could be spilled. Understanding … that Russian blood will be spilled on one side, we are turning our columns around and going back to field camps as planned.”

The Wagner Group's decision to halt further movement across Russia was brokered by Belarusian President Alexander Lukashenko in return for guarantees for their safety, his office said. There was no immediate word on the deal from Putin.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 9 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Saturday.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.

Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.

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

Currency Symbol Buying Selling
US Dollar USD 283.4 285.95
Euro EUR 307 307
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Japanese Yen JPY 3.41 3.52
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 746.71
Qatari Riyal QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold remains under pressure in Pakistan; Check today gold rates here

Gold prices witnessed negative trend in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 9 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,600, and 10 grams of 24k gold costs Rs186,560.

Single tola of 22 Karat Gold price costs Rs199,465, 21 karat rate per tola costs Rs190, 400 and 18k gold rate is Rs163,200.00 for each tola.

In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,530
Karachi PKR 217,600 PKR 2,530
Islamabad PKR 217,600 PKR 2,530
Peshawar PKR 217,600 PKR 2,530
Quetta PKR 217,600 PKR 2,530
Sialkot PKR 217,600 PKR 2,530
Attock PKR 217,600 PKR 2,530
Gujranwala PKR 217,600 PKR 2,530
Jehlum PKR 217,600 PKR 2,530
Multan PKR 217,600 PKR 2,530
Bahawalpur PKR 217,600 PKR 2,530
Gujrat PKR 217,600 PKR 2,530
Nawabshah PKR 217,600 PKR 2,530
Chakwal PKR 217,600 PKR 2,530
Hyderabad PKR 217,600 PKR 2,530
Nowshehra PKR 217,600 PKR 2,530
Sargodha PKR 217,600 PKR 2,530
Faisalabad PKR 217,600 PKR 2,530
Mirpur PKR 217,600 PKR 2,530

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