LAHORE – US Consul General Lahore William K. Makaneole visited the Punjab districts of Sahiwal, Pakpattan and Bahawalnagar from May 22 through May 25.
During the three-day tour, Makaneole met the local government representatives and members of the business community to deepen the robust partnership between the United States and Pakistan. He also visited the shrines of Baba Fariduddin Ganjshakar, Tajuddin Chisti, and the landmark Harappa Museum.
“Pakistan has been and continues to be a valued partner to the United States. Our governments have partnered on a range of issues and our people-to-people ties remain strong,” said the US Consul General Makaneole.
While paying his respects at the shrines of famous Sufi saints he added, “These shrines symbolize the diverse cultural, historical, and religious heritage of Punjab and Pakistan.” Founded in 2001, the Ambassadors Fund for Cultural Preservation (AFCP) preserves historical and cultural treasures under threat from environmental pressure or lack of resources.
In Pakistan, AFCP has invested more than $7.6 million on 32 cultural preservation projects. The restored sites include Buddhist monasteries, Hindu monuments, Sufi shrines, and relics of the Mughal empire.
Makaneole also visited the Harappa Museum in Sahiwal, a noteworthy archaeological site.
Consul General Makaneole appreciated local entrepreneurial efforts at Digital Dera in Pakpattan, and the Semen Production Unit and Flour Mills in Sahiwal. He emphasized that the United States is Pakistan’s largest bilateral export destination, noting that “In 2022, bilateral trade hit a record $9.9 billion, with Pakistani exports to the United States reaching $6.8 billion.”
In his meetings with the Deputy Commissioners for Pakpattan and Bahawalnagar and Commissioner in Sahiwal, Makaneole thanked them for hosting the delegation in their districts and making the trip a success. The United States has a broad, deep, and long-term partnership with the people of Punjab Province spanning the education, economic, health, legal sectors and beyond. The Consulate looks forward to deepening and expanding these relationships over the coming years.
KARACHI – The Pakistani rupee on Tuesday continued its ascent, trading at less than Rs290 against the US dollar in the morning interbank market, primarily due to stringent measures in the financial sector.
The US dollar was valued at Rs289.78 around 9:48 am, as reported by the Forex Association of Pakistan, marking a decrease of Rs1.18 from the previous day’s closing rate of Rs290.86.
This ongoing rise in the value of the rupee follows the crackdown on illegal dollar trading initiated earlier this month, with strong support from the military.
In the open market, the rupee also made gains against the dollar, trading at Rs292 compared to the previous day’s rate of Rs293, according to the Exchange Companies Association of Pakistan.
Saad Bin Naseer, the director of the financial services platform Mettis Global, noted that this marked the 16th consecutive day of appreciation for the PKR, amounting to nearly a 6% increase.
Naseer attributed this surge primarily to administrative measures, stating that it seems the government’s crackdown on speculative elements contributing to rupee depreciation is having an effect.
He also suggested that if this trend persists and the Afghan border remains closed, the rupee could continue to appreciate in the future. However, he emphasized the importance of attracting foreign direct investment (FDI) into export-oriented sectors for long-term stability.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 210,100 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs180,130.
Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
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 210,100||PKR 2,587|
|Karachi||PKR 210,100||PKR 2,587|
|Islamabad||PKR 210,100||PKR 2,587|
|Peshawar||PKR 210,100||PKR 2,587|
|Quetta||PKR 210,100||PKR 2,587|
|Sialkot||PKR 210,100||PKR 2,587|
|Attock||PKR 210,100||PKR 2,587|
|Gujranwala||PKR 210,100||PKR 2,587|
|Jehlum||PKR 210,100||PKR 2,587|
|Multan||PKR 210,100||PKR 2,587|
|Bahawalpur||PKR 210,100||PKR 2,587|
|Gujrat||PKR 210,100||PKR 2,587|
|Nawabshah||PKR 210,100||PKR 2,587|
|Chakwal||PKR 210,100||PKR 2,587|
|Hyderabad||PKR 210,100||PKR 2,587|
|Nowshehra||PKR 210,100||PKR 2,587|
|Sargodha||PKR 210,100||PKR 2,587|
|Faisalabad||PKR 210,100||PKR 2,587|
|Mirpur||PKR 210,100||PKR 2,587|