Today’s top Pakistan current affairs 1st November 2021 with download link available in pdf. These are the latest breaking news about Pakistan which will be helpful for aspirants in test preparation of current affairs, Pakistan affairs, General knowledge for NTS, PPSC, CSS, FPSC, KPPSC, SPSC, BPSC, AJKPSC, OTS, PTS, and other Govt Jobs, exams & MDCAT, ECAT Entry test preparation.
Gold Rate In Pakistan Today, 1st November 2021. Gold Rate in Pakistan today on 1st November 2021 is being sold for Rs. 99,450 per 10 grams, and the price of Gold is Rs. 116,000 per tola in Pakistan today.
Spotlight by The NewsRun
1. COVID-19 IN PAKISTAN
2. Prime Minister thanks Saudi Arabia for financial support
What’s going on? Saudi Arabia pledged to provide $4.2 billion to assist Pakistan. This pledge is timely for Pakistan since its foreign exchange reserves are “dwindling” according to Bloomberg.
Reminder: Foreign exchange reserves are assets in foreign currencies that central banks hold on reserve. In simpler terms, central banks like to have foreign currency in hand. Most foreign exchange reserves are held in US dollars. As of October 15, reserves in Pakistan’s central bank have declined to $17.5 billion. At the same time, the Pakistani rupee’s value has consistently depreciated against the US dollar. Pakistan also has to pay $14 billion in external debt over the next three to four years (P.S. foreign exchange reserves help countries meet international financial obligations, including debt payments).
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