ISLAMABAD/ONTARIO – Canadian Prime Minister Justin Trudeau has pledged support as Pakistan faces devastating destruction amid heavy rainfall and floods.
In a recent tweet, Trudeau said his country is providing support to South Asian nation through United Nations Central Emergency Response Fund and Red Cross Canada to provide food, clean water, and other essential services as quickly as possible.
Canadian Foreign Minister Melanie Joly also expressed her deep concerns about the flood situation saying that we will continue to support the people of Pakistan. Joly termed the floods situation absolutely heart-breaking. My heart is with the victims, their families and Pakistanis everywhere, she said.
Like many Canadians across the country, I’m thinking of everyone affected by the devastating flooding in Pakistan. Canada is providing support through @UNCERF and @redcrosscanada – to provide food, clean water, and other essential services as quickly as possible. https://t.co/jwEjiIEilJ— Justin Trudeau (@JustinTrudeau) August 27, 2022
Several other world leaders sent messages of support for Pakistan as the deadly monsoon continued to devastate, particularly Khyber Pakhtunkhwa, Sindh, and Balochistan.
Pakistan received flights being sent by the friendly states with relief goods for victims of ravaging floods that have claimed over 1,100 live as the South Asian country has been facing abnormal monsoon rains since mid-June.
The federal government has declared an emergency in the country and urged the international community for help as more than 30 million people were affected by recent floods in recent weeks.
ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.
During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.
Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.
Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.
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 205,900||PKR 2,370|
|Karachi||PKR 205,900||PKR 2,370|
|Islamabad||PKR 205,900||PKR 2,370|
|Peshawar||PKR 205,900||PKR 2,370|
|Quetta||PKR 205,900||PKR 2,370|
|Sialkot||PKR 205,900||PKR 2,370|
|Attock||PKR 205,900||PKR 2,370|
|Gujranwala||PKR 205,900||PKR 2,370|
|Jehlum||PKR 205,900||PKR 2,370|
|Multan||PKR 205,900||PKR 2,370|
|Bahawalpur||PKR 205,900||PKR 2,370|
|Gujrat||PKR 205,900||PKR 2,370|
|Nawabshah||PKR 205,900||PKR 2,370|
|Chakwal||PKR 205,900||PKR 2,370|
|Hyderabad||PKR 205,900||PKR 2,370|
|Nowshehra||PKR 205,900||PKR 2,370|
|Sargodha||PKR 205,900||PKR 2,370|
|Faisalabad||PKR 205,900||PKR 2,370|
|Mirpur||PKR 205,900||PKR 2,370|