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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 - Pak Rupee to US Dollar, Euro, Dirham, Riyal 16 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Thursday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 279.95 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 16 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 279.95
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.5 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 722.59 730.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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