Minerals Summit: COAS Asim Munir invites foreign investors to discover ‘hidden treasure’ in Pakistan

04:35 PM | 1 Aug, 2023
Minerals Summit: COAS Asim Munir invites foreign investors to discover ‘hidden treasure’ in Pakistan
Source: File Photo

RAWALPINDI – Chief of Army Staff (COAS) General Asim Munir on Tuesday invited the foreign investors to discover “hidden treasure” in shape of minerals in Pakistan.

The Pakistan Army chief stated this while addressing the Pakistan Mineral Summit in Islamabad where Prime Minister Shehbaz Sharif and other officials were also present.

He said, “Our homeland is blessed with various minerals, and it is our social responsibility to contribute to the national economy.

General Asim Munir said that the Pakistani government had established the Special Investment Facilitation Council (SIFC) in collaboration with all institutions. Its establishment brings all stakeholders to a common platform, besides formulating new principles for easy business for both local and foreign investors.

General Asim Munir emphasized that walking on the path of peace and prosperity is the key to stability, and mineral projects are sources of progress for the public.

While referring to teachings of the Holy Quran, he said that Allah helps those who help themselves.

He further stated Pakistan was blessed with snow-capped mountains, vast deserts and coastal plains. “It is our social responsibility to play our role and contribute to the country's economy,” he said.

On this occasion, COAS thanked foreign investors from different countries, including Saudi Arabia, for their participation in the summit.


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91


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