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Top general inaugurates Pakistan’s Pavilion at World Defence Show

Caretaker minister calls on Saudi counterpart in Riyadh

05:28 PM | 5 Feb, 2024
Top general inaugurates Pakistan’s Pavilion at World Defence Show

RIYADH – Chairman Joint Chiefs of Staff Committee (CJCS) Gen Sahir Shamshad Mirza inaugurated the Pakistani pavilion at second edition of the World Defence Show in Riyadh, Saudi Arabia. 

The event is organized by the General Authority for Military Industries and it will continue until Feb 8. It will showcase the future of defense through technological developments from around the globe. 

Twelve Pakistani arms manufacturing companies, including Global Industrial and Defence Solutions and Pakistan Ordnance Factory, are showcasing their products at the mega event. The Pakistani manufacturers also displayed their drone technologies, missile system and other weapons.

Speaking on the occasion, Gen Mirza said Pakistan was aware of all threats. He said Pakistan was enhancing its defence capabilities keeping in view the challenges. 

“Pakistan is a peaceful country, but we also want to make it clear to the world that we cannot hold back our defence needs,” he said. 

Overall 750 companies from 45 countries are participating in the defence show, which is expected to be attended by thousands of people. 

At inauguration of the show, Saudi air force presented the aerial display. Pakistan’s Thunder fighter jets will present the air show in last days of the event. 

Meanwhile, caretaker Defence Minister Anwar Ali Haider called on his Saudi counterparty Prince Khalid bin Salman in Riyadh. 

Matters related to promoting defence and military relations were discussed in the meeting. They also reviewed the regional situation. 

Both sides signed various memorandum of understandings related to military cooperation during the meeting.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 23 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 23, 2024 (Friday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.45 for selling.

Euro comes down to 301 for buying and 304 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 75.95 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 23 Feb 2024

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.5 282.45
Euro EUR 301 304
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 75.95 76.7
Saudi Riyal SAR 74.25 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.60 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal ‎QAR 76.76 77.43
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.87
Thai Bhat THB 7.79 7.94

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