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FPCCI to support PCA in export

Web Desk 10:51 AM | 7 Dec, 2022
FPCCI to support PCA in export

KARACHI - Pakistan Coating Association (PCA) chairman Siraj Uddin visited the Federation Pakistan Chamber of Commerce & Industry (FPCCI) at the Federation House this week.

The acting president of FPCCI Suleman Chawla welcomed the association members for their visit to the Chamber. On behalf of FPCCI, he assured the PCA delegation to facilitate them in all matters and export of coating industry products.

He stated a lot of opportunities exist and emerging in CIS states, namely Azerbaijan, Uzbekistan, Tajikistan, Turkmenistan, also Afghanistan being our neighbours, PCA should target these markets to promote the coating business mainly focusing on exports. Through their good contacts with their counterparts and Pakistani consulates there, FPCCI can facilitate PCA in promoting the coating industry, Mr Chawla stated.

He offered, PCA to obtain research data information also on CIS states from the R&D Office in FPCCI on request. Mr Chawla informed the PCA team that FPCCI recently had sent a delegation to one of the CIS States, where PCA Members could also be included in the same delegation if they had approached FPCCI earlier. Talking about immediate opportunities for PCA, he apprised that URAN Chamber of Commerce plans to visit FPPCI shortly and an Export Exhibition is coming up soon in Indonesia, expect PCA to avail of these events.

Mr Chawla, suggested PCA, for aggressive marketing through a professional presentation including research data and numbers to the Secretary, of Commerce, Mr Sawleh Farooqui in the Ministry of Commerce and TDAP for promoting the coating industry. Also, PCA needs to participate in all events and activities being organized by Trade Organizations, including FPCCI, he said. Mian Nasser Hyatt Maggo, Former President, of FPCCI, asked PCA to provide details of the coating industry’s export-oriented products.

Addressing the house, Mr. Siraj Uddin, Chairman, PCA, thanked FPPCI for extending a warm welcome to the Association. Believing on PCA slogan “ Main Nahi Hum” he said let us all work together including FPCCI for the development of trade and business. He requested FPPCI for their guidance to PCA in promoting and developing the coating industry.

Mr. Muhammad Yousuf, Former Senior Vice Chairman, PCA, requested FPCCI to provide advice for promoting and enhancing new markets for coating products. Now that pricing are good in Central Asian Markets, Mr. Khalid Khanani, Former Senior Vice Chairman, PCA, seconded the idea for targeting CIS states.

Those attended the meeting were: Mr. Suleman Chawla, Acting President, and Mr. Nasir Magoo, Former President, from FPCCI. Mr. Siraj Uddin, Chairman, Mr. Muhammad Yousuf, Mr. Khalid Khanani, Former Senior Vice Chairmen, Mr.Musa Yahya Baghpatee, Usman Umer, EC Members and Mr. Iftekhar Rahat, Secretary, South Region from PCA.

Finally, the meeting was concluded by the Acting President, FPCCI, followed by presentation of souvenirs and flower bouquets by the PCA Officials.

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Daily Pakistan Global Web Desk

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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 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,300 on Sunday. The price of 10 grams of 24k gold was recorded at Rs176,010.

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 205,300 PKR 2,360
Karachi PKR 205,300 PKR 2,360
Islamabad PKR 205,300 PKR 2,360
Peshawar PKR 205,300 PKR 2,360
Quetta PKR 205,300 PKR 2,360
Sialkot PKR 205,300 PKR 2,360
Attock PKR 205,300 PKR 2,360
Gujranwala PKR 205,300 PKR 2,360
Jehlum PKR 205,300 PKR 2,360
Multan PKR 205,300 PKR 2,360
Bahawalpur PKR 205,300 PKR 2,360
Gujrat PKR 205,300 PKR 2,360
Nawabshah PKR 205,300 PKR 2,360
Chakwal PKR 205,300 PKR 2,360
Hyderabad PKR 205,300 PKR 2,360
Nowshehra PKR 205,300 PKR 2,360
Sargodha PKR 205,300 PKR 2,360
Faisalabad PKR 205,300 PKR 2,360
Mirpur PKR 205,300 PKR 2,360

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