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Pakistan does not need IMF support anymore: Finance minister

01:39 PM | 4 Jan, 2018
Pakistan does not need IMF support anymore: Finance minister
KARACHI - Newly appointed Federal Fiance Minister Rana Afzal on Thursday said Pakistan did not need to look towards International Monetary Fund (IMF) for assistance any more as county's economic outlook is positive.

Addressing a presser, he said that Pakistan's foreign reserves stood at $19.7 billion which is enough for meeting the debt obligation. He added that Pakistan's condition has improved economically.

He further said that the country's exports observed a 17 percent growth in past five month, adding that import of unnecessary goods is being discouraged by imposing taxes.

He hoped that the fiscal deficit would decrease in the coming days, adding, "We want to leave a financially strong Pakistan before next elections".

Afzal said that Pakistan would satisfy the United States on every concern, adding that issues should be resolved through talks.

Afzal slamming PTI chief Imran Khan said that he never appreciated any development in the country under the PML-N.

 

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Currency Rates in Pakistan Today - Pakistani rupee to Dollar, Euro, Pound, Dirham, and Riyal - 7 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 7, 2024 Tuesday in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro stands at 295.7 for buying and 298.65 for selling while British Pound rate is 345 for buying, and 348.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal's comes down to 73.25.

Today’s currency exchange rates in Pakistan - 7 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 295.7 298.65
UK Pound Sterling GBP 345 348.5
U.A.E Dirham AED 75.05 75.8
Saudi Riyal SAR 73.25 74
Australian Dollar AUD 180 182
Bahrain Dinar BHD 739.99 747.99
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 905.3 914.3
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 167.23 169.23
Norwegians Krone NOK 25.57 25.87
Omani Riyal OMR 722.7 730.7
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204.65 206.65
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 307.34 309.84
Thai Bhat THB 7.56 7.71

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