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Saudi Crown Prince Mohammed bin Salman terms anti-corruption purge 'shock therapy'

Haider Ali 03:55 PM | 28 Feb, 2018
Saudi Crown Prince Mohammed bin Salman terms anti-corruption purge 'shock therapy'
RIYADH - Saudi Arabia’s crown prince Mohammed bin Salman expressed that the anti-corruption drive launched late last year was the 'shock therapy' his kingdom needed in a bid to stamp out widespread corruption.

"You have a body that has cancer everywhere, the cancer of corruption. You need to have chemo, the shock of chemo, or the cancer will eat the body," said the 32-year-old Crown Prince in an interview with Washington Post, published Tuesday night.

Salman, known by the initials MBS declared that the kingdom couldn’t meet budget targets without halting this looting.

Military Shake-up

Regarding the shuffle in the top military brass, the crown prince noted that the shake-up announced by his father, King Salman, was aimed at installing 'high energy' people who could achieve modernization targets.

"We want to work with believers," the crown prince asserted in his conversation with the US paper.

Let it be known that the 82-year-old King Salman issued a series of royal decrees late Monday reshuffling the defence and civil establishment.

The monarch has replaced the commanders of the ground forces and air defences, as well as senior officials at the interior ministry.

As per the details, Chief of Staff Abdul Rahman bin Saleh al-Bunyan has been terminated from services, while Fayyad al-Ruwaili had been appointed as his replacement.

The king ordered Lt. Gen. Muhammad Suhaim, commander of the Air Defense Forces, to retire and promoted Maj. Gen. Muzaid Al-Amr to this key position.

Lt. Gen. Fahd Bin Turki, commander of the Land Forces, has been relieved of the post and was appointed as commander of the Joint Forces. Maj. Gen. Fahd Al-Mutair was promoted to Lt. Gen. and appointed as commander of the Land Forces.

Maj. Gen. Mutlaq Al-Azaimie was promoted to Lt. Gen. and appointed as deputy chief of staff, while Maj. Gen. Jarallah Al-Olwait promoted to Lt. Gen. and appointed as commander of the Strategic Missiles Force.

Similarly, Maj. Gen. Turki Bin Bandar was promoted to Lt. Gen. and appointed as commander of the Air Forces.

Haider Ali

The writer is a civil servant.

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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 1, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 267.53 268.18
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

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.

City Gold Silver
Lahore PKR 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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