ISLAMABAD – Former prime minister Imran Khan has approached the Supreme Court of Pakistan as recent days have seen a flurry of resignations in the Pakistan Tehreek-e-Insaf (PTI) after government vowed to try civilians under the military courts after the May 9 protests.
Khan, 70, filed a petition in country’s top court against the alleged attempts to dismantle his party as the defiant leader accused incumbent authorities of pressurising the country’s leading party members through fear and detention.
The PTI chief maintained that residences of PTI leaders were being raided and arrests made without registration of cases.
In the petition, the ousted premier called Lahore Corps Commander House as Jinnah House, which is a civilian building, and it further stated that trial of those suspected to have carried out Jinnah House attack opposed law.
The PTI chief moved court as after his controversial arrest and the violence that followed, over two dozen PTI leaders have quit the beleaguered party including some of the key aides of Imran Khan.
Imran Khan, the chairman of Pakistan Tehreek-e-Insaf (PTI), stated on Wednesday that he is willing to engage with "anyone who is in power" after the party's key figures started defecting after the May 9 riots.
"I'm setting up a committee. It will discuss two issues with 'anyone who is in power'; if it benefits "them," I will resign from politics. Second, how would holding elections in October be beneficial for the nation?" Khan asked his followers.
"Please persuade us of these two points. I will step back and leave politics if they agree with the committee that my leaving politics will serve the nation," he added. The former prime minister claimed that "they" had benefited from the fire at the Lahore Corps Commander House (also known as Jinnah House) and had exploited it to target his party.
"[Such] a crackdown] has never been seen in the history of the country," he declared. "They have put everyone in the leadership, including those who are not even party members, in jail. They must say the key words, "I am leaving PTI," in order to escape. "I'm telling my workers and those in the office that you don't need to leave. me,'' he added and urged people to flee their homes and hide.
KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.
This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.
According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.
The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.
In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”
Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.
Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.
Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.
Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.
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 229,000||PKR 2125|
|Karachi||PKR 229,000||PKR 2125|
|Islamabad||PKR 229,000||PKR 2125|
|Peshawar||PKR 229,000||PKR 2125|
|Quetta||PKR 229,000||PKR 2125|
|Sialkot||PKR 229,000||PKR 2125|
|Attock||PKR 229,000||PKR 2125|
|Gujranwala||PKR 229,000||PKR 2125|
|Jehlum||PKR 229,000||PKR 2125|
|Multan||PKR 229,000||PKR 2125|
|Bahawalpur||PKR 229,000||PKR 2125|
|Gujrat||PKR 229,000||PKR 2125|
|Nawabshah||PKR 229,000||PKR 2125|
|Chakwal||PKR 229,000||PKR 2125|
|Hyderabad||PKR 229,000||PKR 2125|
|Nowshehra||PKR 229,000||PKR 2125|
|Sargodha||PKR 229,000||PKR 2125|
|Faisalabad||PKR 229,000||PKR 2125|
|Mirpur||PKR 229,000||PKR 2125|
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