ISLAMABAD – Pakistan will repay the $1 billion international bond before its due date, the State Bank of Pakistan (SBP) Governor Jameel Ahmad said Friday.
The SBP chief cleared the air amid growing uncertainty about the ability of cash-strapped country to meet external financing obligations amid a widening economic crisis.
“The repayment would be made on December 2, 2022, three days ahead the maturity of the debt instrument on December 5, 2022,” the chief of the country’s central bank was quoted as saying. He affirmed that the reserves will not take a hit from the repayment and will remain immune.
The central bank governor further assured that funding has been lined up from multilateral sources to avoid repayment delay. An immediate inflow of $500 million was expected next week from the Asian Infrastructure Investment Bank, he added.
Lately, the reserves of South Asian country have plunged to a critically low level, and the current forex position is hardly sufficient for one and half month import cover.
The top government officials also expressed hope as depletion made lenders and investors worried about their receivables. International Monetary Fund also announced that country's timely finalisation of a recovery plan from devastating floods is crucial for continued financial support.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 02, 2023 (Thursday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||335.5||336.2|
|Hong Kong Dollar||HKD||34.19||34.54|
|New Zealand Dollar||NZD||173.25||175.25|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.
Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.
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 207,100||PKR 2,420|
|Karachi||PKR 207,100||PKR 2,420|
|Islamabad||PKR 207,100||PKR 2,420|
|Peshawar||PKR 207,100||PKR 2,420|
|Quetta||PKR 207,100||PKR 2,420|
|Sialkot||PKR 207,100||PKR 2,420|
|Attock||PKR 207,100||PKR 2,420|
|Gujranwala||PKR 207,100||PKR 2,420|
|Jehlum||PKR 207,100||PKR 2,420|
|Multan||PKR 207,100||PKR 2,420|
|Bahawalpur||PKR 207,100||PKR 2,420|
|Gujrat||PKR 207,100||PKR 2,420|
|Nawabshah||PKR 207,100||PKR 2,420|
|Chakwal||PKR 207,100||PKR 2,420|
|Hyderabad||PKR 207,100||PKR 2,420|
|Nowshehra||PKR 207,100||PKR 2,420|
|Sargodha||PKR 207,100||PKR 2,420|
|Faisalabad||PKR 207,100||PKR 2,420|
|Mirpur||PKR 207,100||PKR 2,420|