KARACHI - The Civil Aviation Authority (CAA) has suspended the operation of five aviation companies for their failure to renew the licenses on time.
The suspension affected the flight operations of two companies based in Lahore while one each from Rawalpindi, Karachi and Peshawar. The Aero Club Karachi, Airborne Aviation Lahore, Selected Aviation Lahore, Rawalpindi Flying Club and Peshawar Flying Club are the ones which failed to renew their annual licenses on time.
The suspension has barred the trainer aircraft of these companies to go airborne, denting a huge financial blow to them on daily basis. Sources close to the developments opine that the issue erupted due to inclusion of KIBOR (Karachi inter-bank offered rate) in bills.
The spokesperson for CAA confirmed that the operations would be resumed once the licenses are renewed. He added that the decision on KIBOR would be made during the Board of Directors meeting, Express News reported.
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 March 24, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||343.5||347|
|Hong Kong Dollar||HKD||35.92||36.27|
|New Zealand Dollar||NZD||176.66||178.66|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,500 on Friday. The price of 10 grams of 24k gold was recorded at Rs174,730.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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 205,500||PKR 2,350|
|Karachi||PKR 205,500||PKR 2,350|
|Islamabad||PKR 205,500||PKR 2,350|
|Peshawar||PKR 205,500||PKR 2,350|
|Quetta||PKR 205,500||PKR 2,350|
|Sialkot||PKR 205,500||PKR 2,350|
|Attock||PKR 205,500||PKR 2,350|
|Gujranwala||PKR 205,500||PKR 2,350|
|Jehlum||PKR 205,500||PKR 2,350|
|Multan||PKR 205,500||PKR 2,350|
|Bahawalpur||PKR 205,500||PKR 2,350|
|Gujrat||PKR 205,500||PKR 2,350|
|Nawabshah||PKR 205,500||PKR 2,350|
|Chakwal||PKR 205,500||PKR 2,350|
|Hyderabad||PKR 205,500||PKR 2,350|
|Nowshehra||PKR 205,500||PKR 2,350|
|Sargodha||PKR 205,500||PKR 2,350|
|Faisalabad||PKR 205,500||PKR 2,350|
|Mirpur||PKR 205,500||PKR 2,350|
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