RAWALPINDI – Chief of Army Staff General Qamar Javed Bajwa said that Pakistan valued its relations with US and wanted to enhance mutually beneficial multi-domain relations based on common interests.
Army chief expressed it during a telephonic conversation with General Michael Erik Kurilla, Commander United States (US) CENTCOM on Friday, ISPR said in a statement. .
During the call, matters of mutual interests, regional stability as well as defence and security cooperation were discussed in detail.
Both reiterated the desire to further enhance bilateral relations in all fields.
The commander US CENTCOM acknowledged the professionalism of Pakistan Armed Forces. He appreciated Pakistan’s role in regional stability and pledged to play his role for further improvement in cooperation with Pakistan at all levels.
The high-level military contact comes after COAS Bajwa reportedly approached Washington to request help in getting an early loan dispersal from the International Monetary Fund, as inflation and debt all stoke fears of economic collapse in cash strapped nation.
A report in Nikkei Asia quoting sources suggests that a top Pakistani general held a rare telephonic conversation with US Deputy Secretary of State Wendy Sherman earlier this week as deteriorating foreign reserves overshadow economic recovery.
During his call with US Deputy Secretary of State, COAS Bajwa urged the White House and the US Treasury Department for the quick supply of $1.2 billion to Pakistan.
Earlier, Washington-based lender IMF already granted Pakistan staff-level approval for the loan, however, the transaction will be processed after the multilateral lender's executive board grants final approval.
Meanwhile, International Monetary Fund is going into recess for the next three weeks and its board will not convene until late August, the report said, as the Pakistani currency is falling freely against the US dollar in interbank trading.
Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.
On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.
Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.
UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||360||363.5|
|Hong Kong Dollar||HKD||36.46||36.81|
|New Zealand Dollar||NZD||175.89||177.89|
The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.
On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330.
Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.
In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.
|Lahore||PKR 218,500||PKR 2,720|
|Karachi||PKR 218,500||PKR 2,720|
|Islamabad||PKR 218,500||PKR 2,720|
|Peshawar||PKR 218,500||PKR 2,720|
|Quetta||PKR 218,500||PKR 2,720|
|Sialkot||PKR 218,500||PKR 2,720|
|Attock||PKR 218,500||PKR 2,720|
|Gujranwala||PKR 218,500||PKR 2,720|
|Jehlum||PKR 218,500||PKR 2,720|
|Multan||PKR 218,500||PKR 2,720|
|Bahawalpur||PKR 218,500||PKR 2,720|
|Gujrat||PKR 218,500||PKR 2,720|
|Nawabshah||PKR 218,500||PKR 2,720|
|Chakwal||PKR 218,500||PKR 2,720|
|Hyderabad||PKR 218,500||PKR 2,720|
|Nowshehra||PKR 218,500||PKR 2,720|
|Sargodha||PKR 218,500||PKR 2,720|
|Faisalabad||PKR 218,500||PKR 2,720|
|Mirpur||PKR 218,500||PKR 2,720|