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PM Shehbaz woos foreign investors at Pakistan-Turkey Business Council

Web Desk 05:00 PM | 1 Jun, 2022
PM Shehbaz woos foreign investors at Pakistan-Turkey Business Council
Source: @PakPMO_Twitter

ISLAMABAD – Prime Minister Shehbaz Sharif assured all-out support as he called on the business community to strengthen collaboration with Pakistani counterparts to earn good profit.

Addressing the Pakistan Turkey Business Council under the DEIK – Foreign Economic Relations Board, the premier said the South Asian country could prosper with Ankara’s support while Turkish companies stood to make a profit by investing in different projects.

He maintained that Pakistan has a giant automotive industry but Turkey’s is far superior, proposing collaboration between the two sides to uplift sales between themselves and other countries.

Premier appraised Turkish standards, saying Ankara is already exporting automobile parts to Europe.

Pakistan’s energy sector with its vast potential in hydel, thermal, coal, wind, and solar areas could prove ideal for Turkish investors, he added.

He further stressed energy, housing, textiles, infrastructure development, agro-based industry, and oil and gas sectors.

Recalling the ties between the two Islamic nations, he said Pakistan and Turkey built unbreakable bonds of love, affection, and respect as the two countries shared a history, century-old tradition, and common aspirations.

PM added taking this relationship to new heights, particularly in the vital fields of commercial, economic, and investment cooperation.

During his address, he expressed hopes that Turkish textile companies could explore the sector for joint ventures, especially for intra-industry trade as well as becoming partners.

Highlighting the priorities of the incumbent government, the PM said the challenges of industrial sustainability, particularly given the global fourth industrial revolution were significant.

The South Asian nation with its huge youth bulge could undergo remarkable progress and development in various sectors of public importance, he maintained.

Foreign Minister Bilawal Bhutto Zardari, Minister for Commerce and Investment Syed Naveed Qamar and Minister for Information and Broadcasting Marriyum Aurangzeb also attended the session.

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Daily Pakistan Global Web Desk

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 264 266
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs203,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs174,810.

Likewise, 10 grams of 22k gold were being traded for Rs160,241 while a single tola of 22-karat gold was being sold at Rs 186,907.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 203,900 PKR 2,100
Karachi PKR 203,900 PKR 2,100
Islamabad PKR 203,900 PKR 2,100
Peshawar PKR 203,900 PKR 2,100
Quetta PKR 203,900 PKR 2,100
Sialkot PKR 203,900 PKR 2,100
Attock PKR 203,900 PKR 2,100
Gujranwala PKR 203,900 PKR 2,100
Jehlum PKR 203,900 PKR 2,100
Multan PKR 203,900 PKR 2,100
Bahawalpur PKR 203,900 PKR 2,100
Gujrat PKR 203,900 PKR 2,100
Nawabshah PKR 203,900 PKR 2,100
Chakwal PKR 203,900 PKR 2,100
Hyderabad PKR 203,900 PKR 2,100
Nowshehra PKR 203,900 PKR 2,100
Sargodha PKR 203,900 PKR 2,100
Faisalabad PKR 203,900 PKR 2,100
Mirpur PKR 203,900 PKR 2,100

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