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UAE president designates his son as Abu Dhabi crown prince

Web Desk 12:00 PM | 30 Mar, 2023
UAE president designates his son as Abu Dhabi crown prince
Source: Twitter

United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan has named his eldest son Sheikh Khaled as the crown prince of Abu Dhabi, the capital of the oil-rich Gulf state, state media reported on Wednesday.

Sheikh Mohammed has also appointed his brothers to top positions, further centralizing power in Abu Dhabi. His brother Sheikh Mansour was named UAE vice president, alongside Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, while Sheikh Tahnoun bin Zayed Al Nahyan and Hazza bin Zayed Al Nahyan were appointed deputy rulers of Abu Dhabi.

Sheikh Mohammed has been grooming his son for years, placing him in positions of authority in security, economy, and governance. The appointment of Sheikh Khaled as crown prince reflects a trend towards direct lineage in most Gulf Arab monarchies.

The UAE, with Abu Dhabi as its political capital, has held the presidency since its founding in 1971. The country is known for its political and economic stability, high per-capita income levels, and a large expatriate workforce.

Recently, Abu Dhabi has undergone several reshuffles, including Sheikh Tahnoun's appointment as chair of Abu Dhabi Investment Authority and Sheikh Mansour's appointment as chairman of Mubadala.

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USD to PKR: Pakistani rupee remains stable against dollar amid ongoing talks with IMF

KARACHI – Pakistani rupee, which is facing blows in the open market, remained stable against the US dollar, in the inter-bank market on Wednesday.

The local currency moved slightly upward during the opening hours of trading in the inter-bank market. Before noon, PKR was hovering around 285.22, with a slight increase of Rs0.13.

As the situation remained under control in the interbank market, the rupee hits a fresh record low in the open market and was selling at 315 per dollar.

In a recent development, the IMF mission chief shared positive news, confirming that talks are underway with Pakistani authorities. The resumption of the IMF programme remains important for the crisis-hit country.

https://en.dailypakistan.com.pk/31-May-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-may-31-2023

Today's gold rates in Pakistan – May 31 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.   

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.

City Gold Silver
Lahore PKR 232,300 PKR 2,485
Karachi PKR 232,300 PKR 2,485
Islamabad PKR 232,300 PKR 2,485
Peshawar PKR 232,300 PKR 2,485
Quetta PKR 232,300 PKR 2,485
Sialkot PKR 232,300 PKR 2,485
Attock PKR 232,300 PKR 2,485
Gujranwala PKR 232,300 PKR 2,485
Jehlum PKR 232,300 PKR 2,485
Multan PKR 232,300 PKR 2,485
Bahawalpur PKR 232,300 PKR 2,485
Gujrat PKR 232,300 PKR 2,485
Nawabshah PKR 232,300 PKR 2,485
Chakwal PKR 232,300 PKR 2,485
Hyderabad PKR 232,300 PKR 2,485
Nowshehra PKR 232,300 PKR 2,485
Sargodha PKR 232,300 PKR 2,485
Faisalabad PKR 232,300 PKR 2,485
Mirpur PKR 232,300 PKR 2,485

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