PM Shehbaz looking for ‘new chapter’ in ties with UAE as senior delegation visits Pakistan

Web Desk 09:06 PM | 3 May, 2022
PM Shehbaz looking for ‘new chapter’ in ties with UAE as senior delegation visits Pakistan
Source: Shehbaz Sharif (Instagram)

ISLAMABAD – A top-level delegation of the United Arab Emirates visited Pakistan today and pledged to stay in close contact for the implementation of the investment and trade decisions made at the leadership level.

A statement issued by the Prime Minister’s Office said the delegation visited Pakistan to explore opportunities on the economic front after the South Asian nation sought a multibillion-dollar investment from Abu Dhabi.

It added that the high-level visit during the Eidul Fitr holidays depicted UAE’s keenness UAE to invest in Pakistan.

Meanwhile, the premier Shehbaz Sharif hailed the brotherly gesture of the Gulf nation and expressed his interest to welcome significant investments from UAE.

Islamabad and Abu Dhabi also agreed to strengthen bilateral economic cooperation in the fields of trade, energy, infrastructure, petroleum, and other sectors, the statement added.

The delegation visited Pakistan days after PM Sharif stopped in the UAE to hold a meeting with top leaders on his return from Saudi Arabia.

Earlier today, the prime minister called Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan to convey Eid greetings.

Minister for Information and Broadcasting Marriyum Aurangzeb, in a tweet said the visit is immediate response of UAE leadership to the Prime Minister's recent visit to the country.

She said the delegation will dilate upon ways and means to promote trade and investment relations and to implement the decisions taken by leadership of both the countries at recent Abu Dhabi meeting. The delegation will be apprised of Pakistan's investment policy and environment.

Marriyum Aurangzeb said the deliberations will also focus on cooperation in the areas of energy and the petroleum industry.

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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 February 8, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 276.9 280.15
Euro EUR 296.12 296.74
UK Pound Sterling GBP 331.78 332.48
U.A.E Dirham AED 75.06 75.36
Saudi Riyal SAR 73.48 73.79
Australian Dollar AUD 190.31 192.71
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.45
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.18
Norwegians Krone NOK 27.12 27.41
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – Gold prices fell on Wednesday for the third straight day in local markets, after hitting aan all-time high in previous week.

The per tola price of 24 carats gold in Pakistan dropped by Rs2,000 to settle at Rs198,000 while the price of 10 grams decreased by Rs1715 to reach Rs169753.

On Monday, the gold price witnessed a drop of Rs200 per tola to close at Rs204,300.

In the international market, the commodity witnessed an upward trend as per ounce price reached to $1,880 after an increase of $11 dollars.


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