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Saudi Arabia opens border with Qatar after prolonged crisis

12:42 AM | 5 Jan, 2021
Saudi Arabia opens border with Qatar after prolonged crisis

Saudi Arabia Tuesday opened its land borders with Qatar to resolve a long-standing political dispute led by Riyadh and its allies. 

The development happened on the eve of the Gulf Cooperation Council (GCC) summit. and could help =ending a three-year-old conflict, reported Al-Jazeera.

Earlier, Kuwaiti Foreign Minister Amhad Nasser Al Sabah announced that Riyadh would be opening its airspace and land and sea borders for Qatar starting from this evening.

He also said that Kuwaiti Emir Sheikh Nawaf Al Ahmad Al Sabah spoke to Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Saudi Crown Prince Mohammed bin Salman, adding that both the sides have expressed their keen for reunification.

All the three leaders are to meet and sign a statement to revamp brotherly relations. 

The announcement comes ahead of a Gulf leaders' summit that is set to be held in Al-Ula on Tuesday.

In mid-2017, Saudi Arabia, United Arab Emirates (UAE), Egypt and Bahrain had imposed a commercial and diplomatic blockade on Qatar, closed land borders and blocked Qatar’s airspace.

These four Arab nations imposed 13 demands to return to normal with Doha, including ceasing its alleged support for terror groups, a shutdown of a Turkish military base, closure of the Al-Jazeera TV network and scaling down contacts with Iran.

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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 – The price of a single tola of 24-karat gold in Pakistan is Rs199,500 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs171,040.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 199,500 PKR 2,340
Karachi PKR 199,500 PKR 2,340
Islamabad PKR 199,500 PKR 2,340
Peshawar PKR 199,500 PKR 2,340
Quetta PKR 199,500 PKR 2,340
Sialkot PKR 199,500 PKR 2,340
Attock PKR 199,500 PKR 2,340
Gujranwala PKR 199,500 PKR 2,340
Jehlum PKR 199,500 PKR 2,340
Multan PKR 199,500 PKR 2,340
Bahawalpur PKR 199,500 PKR 2,340
Gujrat PKR 199,500 PKR 2,340
Nawabshah PKR 199,500 PKR 2,340
Chakwal PKR 199,500 PKR 2,340
Hyderabad PKR 199,500 PKR 2,340
Nowshehra PKR 199,500 PKR 2,340
Sargodha PKR 199,500 PKR 2,340
Faisalabad PKR 199,500 PKR 2,340
Mirpur PKR 199,500 PKR 2,340

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