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USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

The US Dollar (USD) was being bought and sold at Rs 279.6 and Rs 280.3 in the Open Market against the Pakistani Rupee (PKR) respectively on Wednesday.USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

USD to PKR Today in Open Market

Currency
Buying
Selling
US DollarRs 279.6Rs 280.3

Foreign Currency Rates in Pakistan on August 21, 2024 (Open Market)

Currency
Symbol
Buying
Selling
US DollarUSDRs 279.6Rs 280.3
Canadian DollarCADRs 202.55Rs 206.9
Australian DollarAUDRs 185.55Rs 189.15
EuroEURRs 306.3Rs 308.5
UK Pound SterlingGBPRs 360.1Rs 362.4
UAE DirhamAEDRs 75.80Rs 76.42
Saudi RiyalSARRs 73.72Rs 74.42
Omani RiyalOMRRs 723.4Rs 728.50
Qatari RiyalQARRs 76.44Rs 77.14
Kuwaiti DinarKWDRs 905.45Rs 910.60
Japanese YenJPYRs 1.97Rs 1.98
Chinese YuanCNYRs 38.29Rs 38.69
Indian Rupee INRRs 3.34Rs 3.45

Earlier on August 21, the US Dollar was equal to Rs 278.52 against the Pakistani Rupee (PKR) at the Closing of the Interbank Trading Session.USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

Also Read: Pakistan’s foreign reserves rise to $14.64 billion

It’s worth noting that like elsewhere around the Pakistan, exchange rates are not fixed in Pakistan as well and they can fluctuate everyday due to a variety of factors including market forces, interest rates, inflation, political & economic stability, and speculation.

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Gold Price in Pakistan Today – 22 August 2024

On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.

It’s important to note that gold prices in Pakistan are subject to frequent fluctuations based on international market conditions; therefore, they are not fixed. The below rates are sourced from local gold markets and Sarafa Markets in different cities.Gold Price in Pakistan Today – 22 August 2024

Gold Price in Pakistan Today – August 22, 2024 (In PKR)

Gold Rate24K Gold22K Gold21K Gold18K Gold
Per Tola Gold261,450.000239,662.500228,768.750196,087.500
Per 10 Gram Gold224,160.000205,480.000196,140.000168,120.000
Per 1 Gram of Gold22,416.00020,548.00019,614.00016,812.000
Per Ounce635,323.500582,379.875555,908.063476,492.625

Today’s gold rate per Tola in Pakistan is Rs 261,450.000 on Thursday (August 22, 2024).

Whereas one gram of 24k Gold is being sold at Rs 22,416.000 and 10 grams of 24K Gold are being traded for Rs 224,160.000.

A single ounce of 24k gold is trading at Rs 635,323.500.

 

Source: https://sarmaaya.pk/

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Pakistan’s New Envoy to US stresses need for result-oriented diplomacy

The newly appointed Pakistani Ambassador to the United States Rizwan Saeed Sheikh has formally assumed his diplomatic responsibilities as Pakistan’s Ambassador to the United States.

The Ambassador had a busy day at the Embassy wherein he had a detailed meeting with the officers of the Embassy.

Later, the heads of various departments gave a detailed briefing to the Ambassador.

The ambassador also held a zoom meeting with the Consul Generals of Pakistan in the United States.Pakistan’s New Envoy to US stresses need for result-oriented diplomacy

Talking to the officers, Ambassador Rizwan Saeed Sheikh emphasized the importance of Pak-US relationship.

The envoy stated that cementing multifaceted Pak-US relations, strengthening economic ties and enhancing people to people linkages would remain his foremost priorities.

Ambassador Rizwan Saeed Sheikh also highlighted the importance of the Pakistani diaspora in the US, describing them as a valuable asset of the country.

The ambassador noted that the community was serving as a strong bond in Pak-US relationship. He said that every possible effort should be made to ensure better service delivery to the community.

The ambassador stressed upon the need to pursue result-oriented diplomacy.

Earlier upon his arrival in Washington on August 21, Ambassador Rizwan Saeed Sheikh was received at the airport by officials of the US State Department and the officers of the Embassy.

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Pakistan urges int’l community to stand in solidarity with victims of state terrorism in IIOJK

ISLAMABAD, Pakistan: Pakistan has called upon the international community to stand in solidarity with victims of state terrorism in Indian Illegally Occupied Jammu and Kashmir (IIOJK).

In a statement on the occasion of the International Day of Remembrance of and Tribute to the Victims of Terrorism observed on Wednesday, the Spokesperson of the Ministry of Foreign Affairs Mumtaz Zahra Baloch said that on this day, we pay special tribute to the oppressed people of IIOJK who have been victims of decades long state-terrorism unleashed by the Indian occupation forces.

The Spokesperson said that India’s unabated reign of terror in IIOJK over the last three decades has resulted in death of thousands of Kashmiris.

Ambassador Mumtaz Zahra Baloch said that the people of Pakistan will always stand with the victims of state terrorism in IIOJK and continue to provide political, diplomatic, and moral support to the people of Jammu and Kashmir in their quest for the right to self-determination.

Baloch further said that on the occasion of the International Day of Remembrance of and Tribute to the Victims of Terrorism, we honour the memories of those who have lost lives as a result of terrorist acts.

The Spokesperson said that Pakistan stands in solidarity with the victims of terrorism and their families, and reaffirms its unwavering commitment to combat terrorism in all its forms and manifestations.

“We honour the memories of our martyrs and survivors which include thousands of women and children,” she said. “We pay homage to our brave security and law enforcement personnel, who sacrificed their precious lives in fighting terrorism. Their sacrifices will never be forgotten.”

Ambassador Mumtaz Zahra Baloch also said that as we remember victims of terrorism today, we also reiterate our commitment to upholding the rights and dignity of all individuals; and to promoting dialogue, cooperation and a culture of peace, tolerance, and understanding.

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State Bank decides to change all currency notes from Rs 10 to Rs 5000

ISLAMABAD, Pakistan: The State Bank of Pakistan (SBP) has decided to change all the currency notes from Rs 10 to Rs 5,000 by the end of 2024.

While giving a briefing in the Senate Standing Committee on Finance, the Governor State Bank Jameel Ahmad said that by December 2024, newly-designed currency notes will be launched.

Jameel Ahmad said that instead of paper currency, polymer banknote (plastic note) will also be issued.State Bank decides to change all currency notes from Rs 10 to Rs 5000

The Committee was that in a bid to issue new currency notes, an approval will be taken soon from the Federal Cabinet.

The Committee member Mohsin Aziz suggested banning of Rs 5,000 note to prevent smuggling; however, the Governor State Bank said that Rs 5,000 currency notes will not be banned as well as there is no such proposal under consideration.

The Governor State Bank Jameel Ahmad further told that polymer banknote will be used permanently if its lifespan is found to be longer than the paper currency.

Jameel Ahmed also said that all new features will be introduced in the new currency notes, adding that polymer plastic will be used for plastic currency.

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Banks asked to provide 40% loans to SMEs to promote small businesses: PM

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has said that he has asked the banks to provide at least 40 percent of loans to the Small and Medium Enterprises (SMEs) to promote small businesses.

While addressing the Concluding Session of the two-day National Youth Convention in Islamabad on Wednesday, the prime minister urged the youth to engage with SMEs for their economic empowerment and skill development.

The prime minister said the key to Pakistan’s progress is in the hands of youth and this is the reason the government is fully focused to empower them. He said the government is utilizing all available resources to facilitate the youth so that they can harness their potential for the progress and prosperity of the Country.

The prime minister said that we have to move forward with unity and the Constitution of Pakistan is one such instrument that is binding us all together as one cohesive national force.

Shahbaz Sharif urged all political forces to work together in unison with all constitutional institutions of the Country within the contours of the Constitution for the progress of the Country.

Highlighting Pakistan’s indomitable struggle to rid of the menace of terrorism, he said that over 70,000 Pakistanis have sacrificed their lives in the war against terrorism. He commended the security forces and law enforcement agencies for standing resolute in this war.

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Monsoon rains expected in KP and Punjab in next 24 to 72 hours

  • NDMA issues alert to relevant departments

ISLAMABAD, Pakistan: The National Disaster Management Authority’s (NDMA) National Emergency Operations Center (NEOC) has anticipated more rain wind/thunderstorms and heavy downpours in Khyber Pakhtunkhwa and isolated rainfall in Punjab from August 21 to 24, 2024.

Rains may cause increased flows in local nullahs and river tributaries and low to Medium flows are expected in Kabul River & its tributaries.

Increased flows may cause flash floods in Abbottabad, Parachinar, Charbagh, Charsadda, Chitral, Dir, Haripur, Hazara, Malakand, Mansehra, Mardan, Peshawar, and Swabi districts of KP while Potohar region, twin Cities, Bahawalpur, DG Khan, Faisalabad, Gujranwala, Gujrat, Hafizabad, Jhelum, Lahore, Layyah, Mianwali, Multan, Narowal, Rahimyar Khan, Sialkot and Sargodha districts of Punjab to experience rain and heavy fall is expected in the eastern Punjab.

The NDMA has urged all relevant authorities and the public to take necessary precautions to mitigate the potential impacts of flooding and landslides.

The authority has issued instructions to all relevant departments to alert Emergency Response Teams and mobilized resources to ensure a swift response to any arising situations.

The tourists have been advised to avoid traveling to these areas during the forecasted period. The public is advised to remain vigilant and follow instructions from local authorities.

The NDMA has advised the public to stay informed and download ‘Pak NDMA Disaster Alert’ mobile app for timely alerts and closely monitor weather reports.

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Interbank Dollar Rate Today in Pakistan – 21 August 2024

Interbank Exchange Rates in Pakistan

The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for August 21, 2024.Interbank Dollar Rate Today in Pakistan – 21 August 2024

Interbank Dollar Rate Today in Pakistan – 21 August 2024

At the Closing of the Trading Session in the Interbank Market on August 21, 2024, the US Dollar (USD) settled at 278.52 against the Pakistani Rupee (PKR), appreciating by 0.06 percent.

The Euro (EUR) stood at Rs 309.59, the British Pound (GBP) at Rs 362.59, the Canadian Dollar (CAD) at Rs 204.53, the Australian Dollar (AUD) at Rs 187.62, the UAE Dirham (AED) at Rs 75.83, the Saudi Riyal (SAR) at Rs 74.22, the Chinese Yuan (CNY) at Rs 39.03, and the Turkish Lira (TRY) at Rs 8.21.Interbank Dollar Rate Today in Pakistan – 21 August 2024

Exchange Rates against Pakistani Rupees Today

  • USD to PKR – USD/PKR (1 US Dollar equals 278.52 Pakistani Rupees)
  • EUR to PKR – EUR/PKR (1 Euro equals 309.59 Pakistani Rupees)
  • GBP to PKR – GBP/PKR (1 British Pound equals 362.59 Pakistani Rupees)
  • CAD to PKR – CAD/PKR (1 Canadian Dollar equals 204.53 Pakistani Rupees)
  • AUD to PKR – AUD/PKR (1 Australian Dollar equals 187.62 Pakistani Rupees)
  • AED to PKR – AED/PKR (1 UAE Dirham equals 75.83 Pakistani Rupees)
  • SAR to PKR – SAR/PKR (1 Saudi Riyal equals 74.22 Pakistani Rupees)
  • CNY to PKR – CNY/PKR (1 Chinese Yuan equals 39.03 Pakistani Rupees)
  • TRY to PKR- TRY/PKR (1 Turkish Lira equals 8.21 Pakistani Rupees)

Interbank Dollar Rate Today in Pakistan – 21 August 2024

Interbank Exchange Rate in Pakistan Today

Currency
Exchange Rate (In PKR)
USD278.52
EUR309.59
GBP362.59
CAD204.53
AUD187.62
AED75.83
SAR74.22
CNY39.03
TRY8.21
Also Read: Pakistan’s foreign reserves up by $80.2 million

It’s worth noting that like elsewhere around the Pakistan, exchange rates are not fixed in Pakistan as well and they can fluctuate everyday due to a variety of factors including market forces, interest rates, inflation, political & economic stability, and speculation.

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Pakistan, Germany reaffirm commitment to deepening bilateral cooperation in trade, investment

ISLAMABAD, Pakistan: Germany’s Federal Minister for Economic Cooperation & Development Svenja Schulze met with the Federal Minister for Commerce Jam Kamal Khan in Islamabad on Wednesday to bolster economic and trade relations between the two nations.

The meeting focused on advancing economic collaboration with a particular emphasis on sustainable business practices and labor standards.

Jam Kamal lauded Germany’s leadership in promoting sustainability through initiatives like the German Supply Chain Due Diligence Act. He highlighted Pakistan’s ongoing efforts to improve labor standards and environmental sustainability in its textile industry, and he sought German support for capacity-building and technical assistance to help Pakistani SMEs comply with these new regulations.

The German minister responded by highlighting the long-standing historical relationship between Germany and Pakistan, which has spanned many decades. She noted that many German companies are operating successfully in Pakistan, particularly in the textile sector, and praised the robust business ties between the two Countries.

Svenja Schulze also emphasized the importance of women’s empowerment across all sectors, a priority she shared with Jam Kamal.

While acknowledging cultural and regional challenges, Jam Kamal reiterated Pakistan’s commitment to gradually enhancing women’s roles, particularly through initiatives like the Female Exclusive Training Institute (FETI) in Faisalabad.

The minister urged Germany to continue its support for these efforts and other initiatives which could benefit. The ministers also discussed the potential for increased collaboration between their respective business communities.

The discussion highlighted the National Compliance Center (NCC), an initiative led by the Ministry of Commerce to promote labor compliance and social responsibility in Pakistan.

The National Compliance Center, the first of its kind in the Country, aims to improve labor, social, and environmental standards, making Pakistani businesses more competitive and sustainable. The Center will address industry concerns through a cluster approach, focusing on areas such as human rights, climate change, labor rights, traceability, and quality assurance.

Both ministers reaffirmed their commitment to deepening bilateral cooperation in trade and investment.

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How to apply for Punjab’s Apni Chat Apna Ghar program

The Punjab Chief Minister Maryam Nawaz Sharif has officially launched the “Apni Chat Apna Ghar” program, aimed at providing affordable housing to the people of Punjab.

Speaking at the inaugural ceremony in Lahore on Wednesday, she announced that the Punjab government will offer interest-free loans of up to Rs 1.5 million, repayable in easy installments over seven years.

The Chief Minister said that these loans will be available for the construction of houses on plots of up to 5 marlas in urban areas and up to 10 marlas in rural areas.

Maryam Nawaz also mentioned that citizens can apply for these loans through the Punjab Information Technology Board (PITB) Portal or by calling the toll-free number 0800-09100 for more information.How to apply for Punjab’s Apni Chat Apna Ghar Program

The Chief Minister emphasized that the long-awaited dream of “Apni Chat Apna Ghar” has now become a reality.

Maryam Nawaz revealed plans to introduce the largest solar program in the province’s history starting next year.

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