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India nears deal to purchase 36 Rafale fighter jets from France

01:02 PM | 11 Jan, 2016
India nears deal to purchase 36 Rafale fighter jets from France
NEW DELHI (News Desk) - India is nearing to sign a final agreement with France to purchase as many as 36 Rafale fighter jets, as Indian newspaper The Hindu has quoted Defence Minister Manohar Parrikar as saying that "negotiations for price are in the final stages."

New Delhi and Paris can struck a deal in this regard during forthcoming visit of French Defence Minister Jean-Yves Le Drian, who is scheduled to arrive in India on January 18.

Sources in Pakistani defence establishment told Daily Pakistan Global that although Drian's trip is very short and mainly limited to making arrangements for January 26 visit of French President Francoise Hollande. India has invited Mr Hollande to become chief guest at Republic Day's central ceremony in New Delhi.

Sources said that probability of any such agreement is very high because the two countries need to have something big at the agenda when Narendra Modi and Francoise Hollande meet on such a national occasion.

The situation can be compared with last year when India invited US President Barack Obama on Republic Day as chief guest and they tabled long discussed civil nuclear deal between two countries just to match importance of the meeting, sources added.

Earlier in April last year Prime Minister Narendra Modi had announced to buy Rafale fighter jets directly from France after a meeting with President Francoise Hollande in Paris.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 20 May 2024

Pakistani currency rates against US Dollar and other currencies on May 20, 2024 (Monday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 20 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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