ISLAMABAD – Prime Minister Imran Khan on Tuesday called for extension of the G-20's Debt Service Suspension Initiative for at least another year but the request for forbearance under this initiative should not affect country's credit rating.
In his virtual address at the Financing for Development summit at UN headquarters in New York, he also urged rich countries to support raise at least 500 billion dollars to create fiscal space for developing countries in wake of COVID-19 pandemic.
He said the amount of 500 billion dollars should be available for developing countries.
The premier said investment in sustainable infrastructure will be key to a resilient economic recovery and realization of SDGs.
He stressed the need to create a UN Infrastructure Investment Facility to mobilize an additional 1.5 Trillion dollars annually in the developing countries as the IMF estimates that developing countries will require an additional 2.5 Trillion dollars to recover from COVID-induced contraction.
Prime Minister said we must break the shackles of poverty and inequality.
He said COVID-19 pandemic is inflicting unparalleled human suffering and controlling the virus is critical to address both the health and the economic emergency.
Prime Minister said in Pakistan, our strategy of "smart lockdowns" has fortunately controlled the spread of the virus. He said no one is safe until everyone is safe. He said debt relief is one of the quickest ways to create fiscal space for developing countries.
Pakistani rupee saw slight gains against US dollar in the open market on March 19, 2024, Tuesday.
In the open market, the US dollar was being quoted at 278.6 for buying and 281.45 for selling.
Euro remains unchanged at 303 for buying and 306 for selling while British Pound hovers around 356 for buying, and 359 for selling.
UAE Dirham AED saw slight changes and new rate stands at 75.7 whereas the Saudi Riyal new rates was 73.95.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.6 | 281.45 |
Euro | EUR | 303 | 306 |
UK Pound Sterling | GBP | 356 | 359 |
U.A.E Dirham | AED | 75.7 | 76.45 |
Saudi Riyal | SAR | 73.95 | 74.4 |
Australian Dollar | AUD | 182.7 | 184.5 |
Bahrain Dinar | BHD | 741.22 | 749.22 |
Canadian Dollar | CAD | 204 | 206.2 |
China Yuan | CNY | 38.73 | 39.13 |
Danish Krone | DKK | 40.69 | 41.09 |
Hong Kong Dollar | HKD | 35.63 | 35.98 |
Indian Rupee | INR | 3.36 | 3.47 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.77 | 912.77 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 169.5 | 171.5 |
Norwegians Krone | NOK | 26.27 | 26.57 |
Omani Riyal | OMR | 723.7 | 731.7 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 315.26 | 317.76 |
Thai Bhat | THB | 7.76 | 7.91 |
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