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Pakistan seeks US help to secure much-needed IMF programme

assures working in right direction despite economic challenges

10:24 AM | 26 Jan, 2023
Pakistan seeks US help to secure much-needed IMF programme
Source: @FinMinistryPak/Twitter

ISLAMABAD – The cash-strapped country sought Washington's support in reviving the crucial International Monetary Fund programme.

Deputy Assistant Secretary of the US Department of the Treasury for Asia Robert Kaproth called on Federal Minister for Finance Ishaq Dar on Wednesday and Pakistan’s Finance Chief briefed Kaproth on the economic outlook of the South Asian nation.

Reports in local media suggest that Dar told US Treasury officials that Islamabad would honour all its pledges and was in the process of taking tough decisions, including increasing the gas and electricity tariff to put the country of over 220 million back on track through reforms.

Dar however mentioned that ‘Pakistan required breathing space’ citing the worst floods of 2022 that wreak havoc across the country.

He apprised the visiting members that reforms were being introduced in all sectors, including energy and capital market, to enhance economic growth. Dar also explained that the Pakistani rupee was also under pressure because of the smuggling of US dollars to neighboring Afghanistan and Iran.

Commending the stringent measures taken by the incumbent government, Dar assured that the country was destined for progress and development. He also briefed Robert Kaproth and the delegation about the damages caused by deluges and their impact on the economy.

Meanwhile, the US Treasury official Robert Kaproth highlights good ties between Islamabad and Washington and assured his support and cooperation on issues.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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