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Saudi firm signs MoU with Pakistani company to introduce high tech fiber solutions
RIYADH – In a significant move to strengthen technology collaboration between Pakistan and Saudi Arabia, Saudi company "ACTCO" has entered into a strategic partnership with the Premier Cables Private Limited, a leading fiber optic manufacturer from Pakistan.
The MoU was signed at the Embassy of Pakistan in Riyadh under the patronage of the Pakistani Ambassador to Saudi Arabia Ahmed Farooq.
This collaboration aims to introduce high-tech optic fiber solutions to the market.
These fiber solutions underscore a shared vision of both entities to foster innovation and address the demand for advanced communication infrastructure based on the requirements of the national operators.
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Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
Dollar Rate in Pakistan Today
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Today's currency exchange rates in Pakistan - 7 December 2023
Source: Forex Association of Pakistan. (last update 09:00 AM)
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 283.2 | 286.15 |
| Euro | EUR | 308 | 311 |
| UK Pound Sterling | GBP | 358.5 | 362 |
| U.A.E Dirham | AED | 77.4 | 78.1 |
| Saudi Riyal | SAR | 76 | 76.8 |
| Australian Dollar | AUD | 187.2 | 189 |
| Bahrain Dinar | BHD | 757.23 | 765.23 |
| Canadian Dollar | CAD | 209 | 211 |
| China Yuan | CNY | 39.89 | 40.29 |
| Danish Krone | DKK | 41.19 | 41.59 |
| Hong Kong Dollar | HKD | 36.41 | 36.76 |
| Indian Rupee | INR | 3.42 | 3.53 |
| Japanese Yen | JPY | 1.39 | 1.45 |
| Kuwaiti Dinar | KWD | 921.71 | 930.71 |
| Malaysian Ringgit | MYR | 61.02 | 61.62 |
| New Zealand Dollar | NZD | 174.54 | 176.54 |
| Norwegians Krone | NOK | 26.05 | 26.35 |
| Omani Riyal | OMR | 739.62 | 747.62 |
| Qatari Riyal | QAR | 78.22 | 78.92 |
| Singapore Dollar | SGD | 211 | 213 |
| Swedish Korona | SEK | 27.12 | 27.42 |
| Swiss Franc | CHF | 324.94 | 327.44 |
| Thai Bhat | THB | 8.06 | 8.21 |
Gold prices in Pakistan move down despite positive global cues; Check latest rates here
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
Gold Rates in Pakistan Today - 7 December 2023
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Rate in Pakistan
Today Gold Price in Pakistan (4 September 2023)
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR 217,100 | PKR 2,565 |
| Karachi | PKR 217,100 | PKR 2,565 |
| Islamabad | PKR 217,100 | PKR 2,565 |
| Peshawar | PKR 217,100 | PKR 2,565 |
| Quetta | PKR 217,100 | PKR 2,565 |
| Sialkot | PKR 217,100 | PKR 2,565 |
| Attock | PKR 217,100 | PKR 2,565 |
| Gujranwala | PKR 217,100 | PKR 2,565 |
| Jehlum | PKR 217,100 | PKR 2,565 |
| Multan | PKR 217,100 | PKR 2,565 |
| Bahawalpur | PKR 217,100 | PKR 2,565 |
| Gujrat | PKR 217,100 | PKR 2,565 |
| Nawabshah | PKR 217,100 | PKR 2,565 |
| Chakwal | PKR 217,100 | PKR 2,565 |
| Hyderabad | PKR 217,100 | PKR 2,565 |
| Nowshehra | PKR 217,100 | PKR 2,565 |
| Sargodha | PKR 217,100 | PKR 2,565 |
| Faisalabad | PKR 217,100 | PKR 2,565 |
| Mirpur | PKR 217,100 | PKR 2,565 |
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