COP28 gets off to a strong start with the establishment of a loss and damage fund, providing much-needed financial support for developing nations facing the brunt of climate change. This breakthrough decision sets the stage for further progress on climate action during the two-week summit.

COP28 kicks off with a historic breakthrough as delegates agree to establish a loss and damage fund, providing much-needed financial assistance to developing nations grappling with the consequences of climate change. This early success signals a promising start for the two-week summit, raising hopes for further progress on climate action

COP28 Delivers Historic Win for Vulnerable Nations with Loss and Damage Fund

FOREX

DUBAI, UNITED ARAB EMIRATES - The 28th UNFCCC Conference of Parties (COP28) has commenced in Dubai's Expo City, marking a significant step towards addressing climate change and its devastating impacts on vulnerable nations. The establishment of a loss and damage fund, a long-awaited demand from developing countries, stands as a key achievement and sets the tone for a promising COP28.
<p data-sourcepos="15:1-15:75" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The 28th UNFCCC Conference of Parties (COP28) opened its doors on Thursday, bringing together over 52,000 party delegates and 90,000 non-party delegates in Dubai's Expo City. In a momentous decision, delegates unanimously agreed to establish a loss and damage fund, fulfilling a long-standing demand from developing nations disproportionately affected by climate change.<p data-sourcepos="17:1-17:348" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The creation of the loss and damage fund marks a significant step towards climate justice, providing financial assistance to vulnerable countries that are struggling to cope with the escalating costs of climate-induced disasters. This breakthrough decision has been met with widespread applause, signaling a promising start for the two-week summit.<p data-sourcepos="19:1-19:367" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Over $400 million has already been secured in pledges from various countries, including $100 million from the host nation, the United Arab Emirates, at least $51 million from the United Kingdom, $17.5 million from the United States, and $10 million from Japan. The European Union has also pledged a substantial $245.39 million, with Germany contributing $100 million.<p data-sourcepos="21:1-21:243" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The early establishment of the loss and damage fund is expected to pave the way for further progress on other critical issues during the COP28 negotiations. Delegates will now turn their attention to addressing the phasing out of fossil fuels, a crucial step in mitigating climate change and safeguarding the planet's future.

cop28-delivers-early-win-for-vulnerable-nations-with-loss-and-damage-fund

International

Landmark Loss and Damage Fund Established as COP28 Kicks Off

COP28 Delivers Early Win for Vulnerable Nations with Loss and Damage Fund

<p data-sourcepos="3:1-3:79" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Dubai, United Arab Emirates – Gold prices in Dubai fell at the start of the week, mirroring a global trend as investors awaited key economic data releases.<p data-sourcepos="5:1-5:48" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The 24-karat gold price in Dubai opened at Dh237.0 per gram on Monday, down from Dh237.25 per gram at last week's close. The 22-karat, 21-karat, and 18-karat gold prices also opened lower, at Dh219.5, Dh212.5, and Dh182.0 per gram, respectively.<p data-sourcepos="7:1-7:156" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Globally, spot gold fell 0.1 percent to $1,955.49 per ounce. The dollar index held firm, making bullion less attractive for buyers holding other currencies.<p data-sourcepos="9:1-9:244" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Investors are cautious ahead of Thursday's US inflation readings, which could influence the Federal Reserve's interest rate policy. Higher interest rates tend to weigh on gold prices, as they make holding the non-yielding metal less attractive.<p data-sourcepos="11:1-11:102" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">"The market is waiting for the inflation data and the Fed's reaction," said one analyst. "If inflation comes in higher than expected, it could put pressure on gold prices."<p data-sourcepos="13:1-13:289" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Despite the recent decline, gold prices have been relatively resilient this year, up about 5 percent from their lows in January. The precious metal is seen as a safe haven asset in times of economic uncertainty, and it has benefited from concerns about inflation and a potential recession.<p data-sourcepos="15:1-15:250" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">"Gold prices are likely to remain volatile in the near term, but the long-term outlook is still positive," said another analyst. "Investors are still concerned about inflation and the geopolitical risks, and gold is a good hedge against these risks."

Gold prices in Dubai fell at the start of the week, mirroring a global trend as investors awaited key economic data releases.

Gold Prices in Dubai Decrease at the Start of the Week

Gold Rate

gold-prices-in-dubai-experience-a-decrease-at-the-start-of-the-week

Gold prices in Dubai experience a decrease at the start of the week

<p data-sourcepos="5:1-5:36" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">An International Monetary Fund (IMF) delegation arrived in Pakistan on Thursday to discuss the release of the next installment of a $6.5 billion bailout package.<p data-sourcepos="7:1-7:44" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Pakistan is seeking the immediate release of $1.1 billion, which would help the country to avert a balance of payments crisis. The IMF program has been stalled since August 2022, when the lender expressed concerns over Pakistan's commitment to reforms.<p data-sourcepos="9:1-9:101" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF delegation is expected to meet with Pakistani officials, including Finance Minister Ishaq Dar, to discuss the country's progress on meeting the lender's conditions. These conditions include raising taxes, cutting subsidies, and privatizing state-owned assets.<p data-sourcepos="11:1-11:299" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF program is crucial for Pakistan, which is facing a number of economic challenges, including high inflation, a widening trade deficit, and a shrinking foreign exchange reserve. The country's currency, the Pakistani rupee, has lost over 20% of its value against the US dollar in the past year.<p data-sourcepos="13:1-13:166" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The Pakistani government is eager to revive the IMF program in order to secure the next installment of the loan and boost confidence in the country's economy. However, the government is also facing pressure from the public to avoid further austerity measures.<p data-sourcepos="15:1-15:208" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF delegation's visit to Pakistan comes at a critical time for the country. The outcome of the talks will determine whether Pakistan is able to secure the financial assistance it needs to avert a crisis.<h2 data-sourcepos="17:1-17:39" class="" style="margin: 4px 0px; font-size: 1rem; line-height: 1.5rem; font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; color: rgb(31, 31, 31);">Challenges facing the IMF delegation</h2><p data-sourcepos="19:1-19:297" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF delegation will face a number of challenges in their talks with the Pakistani government. The government is facing pressure from the public to avoid further austerity measures, but the IMF is likely to insist on these measures as a condition for releasing the next installment of the loan.<p data-sourcepos="21:1-21:252" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Another challenge for the IMF delegation is the political situation in Pakistan. The country is due to hold general elections in 2023, and the government is likely to be reluctant to take unpopular measures that could damage its chances of re-election.<h2 data-sourcepos="23:1-23:45" class="" style="margin: 4px 0px; font-size: 1rem; line-height: 1.5rem; font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; color: rgb(31, 31, 31);">Importance of the IMF program for Pakistan</h2><p data-sourcepos="25:1-25:200" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF program is crucial for Pakistan, which is facing a number of economic challenges. The country needs the IMF's financial support to stabilize its economy and avert a balance of payments crisis.<p data-sourcepos="27:1-27:217" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The IMF program is also important for Pakistan because it will help to boost confidence in the country's economy. This will make it easier for Pakistan to attract foreign investment and borrow money from international lenders.

An International Monetary Fund (IMF) delegation arrived in Pakistan on Thursday to discuss the release of the next installment of a $6.5 billion bailout package. Pakistan is seeking the immediate release of $1.1 billion, which would help the country to avert a balance of payments crisis.

IMF delegation arrives as Pakistan seeks next installment of loan

imf-team-arrives-in-pakistan-as-the-country-seeks-next-loan-installment

Pakistan's future hangs in the balance as IMF delegation arrives for crucial talks

IMF Team Arrives in Pakistan as the Country Seeks Next Loan Installment

<p data-sourcepos="3:1-3:188" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">old prices in Pakistan have declined significantly in recent months, reaching their lowest levels in over a year. This is good news for consumers, as it makes gold more affordable to buy.<p data-sourcepos="5:1-5:158" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">On October 19, 2023, the price of one tola of 24-karat gold in Pakistan was Rs. 213,800. This is down from Rs. 230,000 in September and Rs. 245,000 in August.<p data-sourcepos="7:1-7:93" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">There are a number of factors that have contributed to the decline in gold prices, including:<ul data-sourcepos="9:1-12:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="9:1-9:143" style="margin-bottom: 10px;">A decrease in global demand for gold.&nbsp;This is due to a number of factors, including the ongoing COVID-19 pandemic and the war in Ukraine.</li><li data-sourcepos="10:1-10:104" style="margin-bottom: 10px;">A rise in the value of the Pakistani rupee against the US dollar.&nbsp;This makes gold imports cheaper.</li><li data-sourcepos="11:1-12:0" style="margin-bottom: 10px;">A decrease in the interest rate offered by the State Bank of Pakistan.&nbsp;This makes gold more attractive as an investment, as it offers a higher return than other investments.</li></ul><p data-sourcepos="13:1-13:316" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The decrease in gold prices is a boon for consumers, as it makes gold more affordable to buy. This is especially important for low-income households, who often view gold as a safe haven investment. Gold can also be used as collateral for loans, so a decrease in prices can make it easier for people to access credit.<p data-sourcepos="15:1-15:407" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">However, the decrease in gold prices is not all good news. It is also a sign of a weakening economy. Gold is often seen as a safe haven asset, so when people are selling gold, it is a sign that they are losing confidence in the economy. Additionally, the decrease in gold prices could lead to a decline in the value of the Pakistani rupee, as the government may sell gold reserves to raise foreign currency.<p data-sourcepos="17:1-17:243" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Despite the potential risks, the decrease in gold prices is a positive development for consumers. It makes gold more affordable to buy, which could lead to an increase in consumer spending. This could boost the economy and help to create jobs.<p data-sourcepos="19:1-19:44" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Expert advice on buying gold in Pakistan<p data-sourcepos="21:1-21:80" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">If you are considering buying gold in Pakistan, here are some tips from experts:<ul data-sourcepos="23:1-27:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="23:1-23:205" style="margin-bottom: 10px;">Do your research.&nbsp;Before you buy any gold, it is important to research the market and understand the different types of gold that are available. You should also compare prices from different dealers.</li><li data-sourcepos="24:1-24:202" style="margin-bottom: 10px;">Buy from a reputable dealer.&nbsp;Only buy gold from a reputable dealer who has a good track record. You should avoid buying gold from street vendors or online retailers that you are not familiar with.</li><li data-sourcepos="25:1-25:147" style="margin-bottom: 10px;">Get a receipt.&nbsp;When you buy gold, be sure to get a receipt from the dealer. This will protect you in case there is any problem with the gold.</li><li data-sourcepos="26:1-27:0" style="margin-bottom: 10px;">Store your gold safely.&nbsp;Once you have bought gold, it is important to store it safely. You can store your gold at home in a safe place, or you can store it in a bank vault.</li></ul>

Gold prices in Pakistan have declined significantly in recent months, reaching their lowest levels in over a year. This is good news for consumers, as it makes gold more affordable to buy.

Gold prices in Pakistan decline to lowest levels in months

a-decrease-in-gold-prices-in-pakistan

A decrease in gold prices in Pakistan

In recent developments, Pakistan has taken significant strides towards the potential launch of PayPal and Stripe services within the country. Dr. Umar Saif, the Caretaker Federal Minister for Information Technology and Telecommunication, has unveiled a series of promising discussions with these prominent online payment giants. The primary objective is to enhance opportunities for freelancers and stimulate growth in Pakistan's burgeoning IT industry.Dr. Umar Saif has revealed that concerted efforts are underway to persuade PayPal to extend its services to Pakistan through a third-party arrangement, mirroring the successful model implemented in Egypt. Future dialogues with PayPal are scheduled, and there is an optimistic outlook for an agreement in the near future.In parallel, conversations with Stripe, another major player in the online payment sector, are also advancing. This demonstrates Pakistan's strong commitment to expanding opportunities for freelancers and businesses to prosper in the digital realm.Earlier this month, Dr. Saif emphasized his dedication to introducing these online payment services to Pakistan. His vision has garnered approval and support from the caretaker Prime Minister, Anwaarul Haq Kakar, underscoring the government's endorsement of this forward-thinking initiative. As the country progresses toward embracing digital financial solutions, stay tuned for further updates on this exciting development.

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PayPal in Pakistan: Efforts to Boost Freelancers and IT Industry

paypal-in-pakistan-strengthening-freelancers-and-it-industry-with-strategic-initiatives

PayPal in Pakistan: Empowering Freelancers and Boosting the IT Sector

PayPal in Pakistan: Strengthening Freelancers and IT Industry with Strategic Initiatives

<p data-sourcepos="3:1-3:15" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Open Market<ul data-sourcepos="5:1-7:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="5:1-5:24" style="margin-bottom: 10px;">Buying rate: PKR 74.04</li><li data-sourcepos="6:1-7:0" style="margin-bottom: 10px;">Selling rate: PKR 74.24</li></ul><p data-sourcepos="8:1-8:13" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Interbank<ul data-sourcepos="10:1-12:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="10:1-10:24" style="margin-bottom: 10px;">Buying rate: PKR 73.94</li><li data-sourcepos="11:1-12:0" style="margin-bottom: 10px;">Selling rate: PKR 74.14</li></ul><p data-sourcepos="13:1-13:11" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Average<ul data-sourcepos="15:1-17:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="15:1-15:24" style="margin-bottom: 10px;">Buying rate: PKR 73.99</li><li data-sourcepos="16:1-17:0" style="margin-bottom: 10px;">Selling rate: PKR 74.19</li></ul><p data-sourcepos="18:1-18:388" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">This means that for every Saudi Riyal, you can get 74.04 Pakistani Rupees if you are buying and 74.24 Pakistani Rupees if you are selling in the open market. In the interbank market, you can get 73.94 Pakistani Rupees if you are buying and 74.14 Pakistani Rupees if you are selling. The average buying rate is 73.99 Pakistani Rupees and the average selling rate is 74.19 Pakistani Rupees.<p data-sourcepos="20:1-20:164" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Please note that exchange rates can fluctuate throughout the day, so it is always best to check with a currency exchange bureau or bank before making a transaction.<h2 data-sourcepos="22:1-22:37" style="margin: 4px 0px; font-size: 1rem; line-height: 1.5rem; font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; color: rgb(31, 31, 31);">Factors that affect exchange rates</h2><p data-sourcepos="24:1-24:72" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">There are a number of factors that can affect exchange rates, including:<ul data-sourcepos="26:1-31:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="26:1-26:142" style="margin-bottom: 10px;">Interest rates:&nbsp;Countries with higher interest rates tend to have stronger currencies, as investors are attracted to the higher returns.</li><li data-sourcepos="27:1-27:121" style="margin-bottom: 10px;">Inflation:&nbsp;Countries with high inflation tend to have weaker currencies, as the value of money decreases over time.</li><li data-sourcepos="28:1-28:144" style="margin-bottom: 10px;">Economic growth:&nbsp;Countries with strong economic growth tend to have stronger currencies, as demand for their goods and services increases.</li><li data-sourcepos="29:1-29:183" style="margin-bottom: 10px;">Political stability:&nbsp;Countries with political stability tend to have stronger currencies, as investors are more likely to invest in countries that are seen as safe and reliable.</li><li data-sourcepos="30:1-31:0" style="margin-bottom: 10px;">Supply and demand:&nbsp;The basic law of supply and demand also applies to exchange rates. If there is more demand for a currency than supply, the value of that currency will increase.</li></ul><h2 data-sourcepos="32:1-32:36" style="margin: 4px 0px; font-size: 1rem; line-height: 1.5rem; font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; color: rgb(31, 31, 31);">How to get the best exchange rate</h2><p data-sourcepos="34:1-34:121" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">If you are looking to get the best exchange rate for Saudi Riyals to Pakistani Rupees, there are a few things you can do:<ul data-sourcepos="36:1-40:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="36:1-36:176" style="margin-bottom: 10px;">Compare exchange rates from different currency exchange bureaus and banks.&nbsp;Don't just go to the first one you see. Take some time to compare rates and find the best deal.</li><li data-sourcepos="37:1-37:134" style="margin-bottom: 10px;">Negotiate the exchange rate.&nbsp;If you are exchanging a large amount of money, you may be able to negotiate a better exchange rate.</li><li data-sourcepos="38:1-38:106" style="margin-bottom: 10px;">Avoid exchanging money at airports and hotels.&nbsp;These places typically have the worst exchange rates.</li><li data-sourcepos="39:1-40:0" style="margin-bottom: 10px;">Use a currency exchange website or app.&nbsp;There are a number of websites and apps that allow you to compare exchange rates and find the best deal.</li></ul>

Saudi Riyal Exchange Rate in Pakistan: 9th October 2023

saudi-riyal-to-pakistani-rupee-exchange-rate-on-9th-october-2023

World Currencies

Official Interbank and Open Market Rates, Weekly and Monthly Trends

Saudi Riyal to Pakistani Rupee Exchange Rate on 9th October 2023

The exchange rate for 1 USD to PKR stands at PKR 286.76 in the interbank market, as officially reported by the State Bank of Pakistan. It's essential to note that the buying and selling rates for US Dollar to Pakistani Rupee differ between the interbank and open market. Interbank Rate: Date: 03 Oct 23Buying: PKR 283.70Selling: PKR 286.50Weekly Performance:The USD to PKR exchange rate has witnessed an increase in value, with the Pakistani Rupee strengthening by PKR 1.99 or 0.689% in the last week. The highest conversion rate during this period was PKR 290.86, while the lowest was PKR 286.76.Monthly Fluctuation:Over the last 30 days, the exchange rate for USD to PKR has seen fluctuations, with the highest at PKR 307.1 and the lowest at PKR 286.76. The buying rate was PKR 286.26, and the selling rate was PKR 286.76.USD to PKR Interbank Rates History: Today: Buying - 286.26, Selling - 286.7603 Oct, 23: Buying - 286.26, Selling - 286.7602 Oct, 23: Buying - 287.24, Selling - 287.7401 Oct, 23: Buying - 287.24, Selling - 287.7430 Sep, 23: Buying - 287.24, Selling - 287.7429 Sep, 23: Buying - 287.24, Selling - 287.7428 Sep, 23: Buying - 288.25, Selling - 288.7527 Sep, 23: Buying - 289.70, Selling - 290.2026 Sep, 23: Buying - 290.36, Selling - 290.8625 Sep, 23: Buying - 291.26, Selling - 291.7624 Sep, 23: Buying - 291.26, Selling - 291.76

USD to PKR Exchange Rate in Pakistan: 3rd October 2023

Stock Exchanges

usd-to-pkr-exchange-rate-in-pakistan-on-october-3-2023

USD to PKR Exchange Rates: October 3, 2023, and Historical Trends

USD to PKR Exchange Rate in Pakistan on October 3, 2023

Gold Rates in Pakistan on October 3, 2023Today, on Tuesday, October 3, 2023, the gold rates in Pakistan are as follows:24K Gold: Rs. 202,500 per tola and Rs. 173,611 per 10 grams22K Gold: Rs. 159,144 per 10 grams21K Gold: Rs. 177,233 per tola18K Gold: Rs. 130,209 per 10 gramsThese rates are provided by the Sarafa Jewelers Association and are reflective of the international gold market trends. Gold Rates in Pakistan for the Last 10 Days: Oct 03, 2023: 24K - Rs. 202,500, 22K - Rs. 159,144Oct 02, 2023: 24K - Rs. 202,800, 22K - Rs. 159,379Oct 01, 2023: 24K - Rs. 202,800, 22K - Rs. 159,379Sep 30, 2023: 24K - Rs. 205,600, 22K - Rs. 161,580Sep 29, 2023: 24K - Rs. 205,600, 22K - Rs. 161,580Sep 28, 2023: 24K - Rs. 202,600, 22K - Rs. 159,222Sep 27, 2023: 24K - Rs. 204,100, 22K - Rs. 160,401Sep 26, 2023: 24K - Rs. 210,100, 22K - Rs. 165,116Sep 25, 2023: 24K - Rs. 214,700, 22K - Rs. 168,730Sep 24, 2023: 24K - Rs. 214,700, 22K - Rs. 168,730

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Gold Rates in Pakistan Today on 3rd October 2023

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Current Gold Rates in Pakistan - October 3, 2023, and Historical Data

Today's Gold Rates in Pakistan on October 3, 2023

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<p data-sourcepos="3:1-3:53" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Gold Rate Today in Pakistan: Rs. 216,700 per tola<p data-sourcepos="5:1-5:275" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The gold rate in Pakistan today, November 29, 2023, is Rs. 216,700 per tola for 24-karat gold. This represents a slight decrease from yesterday's price of Rs. 218,000 per tola. The price of gold in Pakistan is highly volatile and can fluctuate significantly on a daily basis.<p data-sourcepos="7:1-7:43" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Factors Affecting Gold Rate in Pakistan<p data-sourcepos="9:1-9:64" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Several factors can affect the gold rate in Pakistan, including:<ul data-sourcepos="11:1-14:0" style="margin: 4px 0px; padding-inline-start: 36px; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><li data-sourcepos="11:1-11:181" style="margin-bottom: 10px;">International gold prices:&nbsp;The global gold market is a major driver of gold prices in Pakistan.&nbsp;When international gold prices rise,&nbsp;Pakistani gold prices tend to follow suit.</li><li data-sourcepos="12:1-12:193" style="margin-bottom: 10px;">The Pakistani rupee exchange rate:&nbsp;The value of the Pakistani rupee against the US dollar also plays a role in determining the gold rate.&nbsp;When the rupee weakens,&nbsp;gold prices tend to rise.</li><li data-sourcepos="13:1-14:0" style="margin-bottom: 10px;">Supply and demand:&nbsp;Gold is a precious metal,&nbsp;and its price is also affected by supply and demand.&nbsp;In Pakistan,&nbsp;there is a strong demand for gold,&nbsp;particularly during festivals and wedding seasons.&nbsp;This can put upward pressure on gold prices.</li></ul><p data-sourcepos="15:1-15:34" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Gold Rates in Different Cities<p data-sourcepos="17:1-17:209" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">The gold rate in Pakistan can vary from city to city. For example, the gold rate in Lahore is typically slightly higher than the gold rate in Karachi. This is because Lahore is a larger and more affluent city.<p data-sourcepos="19:1-19:35" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Gold Rates for Different Karats<p data-sourcepos="21:1-21:218" style="margin: 24px 0px; white-space-collapse: preserve; word-break: break-word; color: rgb(31, 31, 31); font-family: &quot;Google Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;">Gold is also available in different karats, which is a measure of its purity. The higher the karat, the purer the gold. The gold rate for 24-karat gold is the highest, followed by 22-karat gold, and then 18-karat gold.

Get the latest gold rate in Pakistan today, November 29, 2023. Learn about the factors affecting gold prices and how to invest in gold.

Gold Rates in Pakistan : 29 November 2023

Understanding the Factors Influencing Gold Prices in Pakistan