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Omani businessmen see investment opportunities in Pakistan's Sindh province

10:43 PM | 4 Jan, 2022
Omani businessmen see investment opportunities in Pakistan's Sindh province

ISLAMABAD – A 15-member Omani business delegation arrived in the Pakistani port city of Karachi on Tuesday.

The delegation, led by Eng Redha Jumma Al Salih, chairman of the Oman Chamber of Commerce and Industry (OCCI), and Pakistan’s Ambassador to Oman Ahsan Wagan, expressed its interest in investment opportunities in the Sindh province, the Pakistani embassy and Sindh chief minister’s office said.

The Pakistani embassy in Oman tweeted pictures of members of the delegation being handed bouquets by people at Karachi airport upon their arrival. The delegation was “warmly received” by the brotherly people of Pakistan, it said. 

The delegates met Sindh Chief Minister Murad Ali Shah at his official residence and discussed investment opportunities in different sectors. “The Omani delegation told the chief minister that they have an interest to invest in the fisheries sector, agriculture, livestock, construction, water supply and education sector,” the Sindh CM’s office said in a statement.

On this, the chief minister put them in touch with the Sindh investment department for a list of different projects for further coordination, the statement said.

CM Shah said Karachi, being a port city, had vast investment opportunities and his government worked as a partner with the private sector to execute mega projects.

He said they had created the investment department to facilitate and guide investors in Sindh. “We have simplified the investment process so that investors may not face any hardship.”

Pakistan and Oman enjoy close, brotherly relations and cooperate in various sectors, including defence, economy and tourism. Thousands of Pakistani expatriates have played an integral part in Oman’s economic development so far.

The OCCI delegation head urged the chief minister to encourage his people to invest in health care specialties, such as cardiovascular diseases, liver transplantation and Cyberknife non-surgical robotic radiosurgery, in Oman, the statement said.

To this, the Sindh chief minister said his medical team would coordinate with OCCI in this regard. “We both are next door neighbours and Muslim brothers, and we should come forward to take benefit from each other’s expertise,” he said.

The meeting was attended by Sindh Industries Minister Jam Ikramullah Dharejo, CM’s Special Assistant Syed Qasim Naveed, Suleman Chawla of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ambassador Wagan and others. 

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) 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 - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
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
Norwegians 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 Bhat THB 7.57 7.72

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