PM Shehbaz says no difference between May 9 miscreants, terrorists  

12:42 PM | 25 May, 2023
PM Shehbaz says no difference between May 9 miscreants, terrorists  
Source: File Photo

PESHAWAR – Prime Minister Shehbaz Sharif said on Thursday there was no different between those involved in May 9 attack and terrorists, saying such elements will be punished according to the law and Constitution. 

The premier was addressing a ceremony in connection with Youme-e-Takreem Shuhda at Radio Pakistan office in Peshawar, which was torched on May 9 during protests staged by PTI workers following the arrest of their party chief Imran Khan in the Al-Qadir Trust case. 

He said the miscreants set ablaze all record of over 100 years, adding that it was the building from where the world was told that Pakistan had come into being. He asserted that nations sacrificed their lives to protect their heritage.

He said Pakistan’s long-standing enemy could not think of such attacks what happened on May 9 and 10 in the country. He said perpetrators of these attacks will be punished according to the law and Constitution.

The prime minister also said it came to his knowledge that Radio Pakistan employees had not received their salaries in May, adding that he had ordered the release of funds in 48 hours.  

Earlier in the day, PM Shehbaz Sharif arrived in Peshawar and visited the Radio Pakistan building. The caretaker Khyber Pakhtunkhwa chief minister, the KP governor, federal ministers, including Ishaq Dar and Marriyum Aurangzeb, and others were also present on the occasion.  


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

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.

Today's gold rates in Pakistan – June 1, 2023

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.

City Gold Silver
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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