Future Fest 2023: Saudi Arabia announces to open first joint technology house in Pakistan

Prince Fahad bin Mansour Al Saud says the Saudi-Pakistan Tech House will help ‘ease of doing business’

Web Desk 03:17 PM | 7 Jan, 2023
Future Fest 2023: Saudi Arabia announces to open first joint technology house in Pakistan

LAHORE – In another step to increase cooperation in diverse technical fields, Saudi Prince Fahad bin Mansour has announced the establishment of joint technology house with Pakistan.

Prince Fahad bin Mansour Alsaud, during a virtual address to Future Fest 2023 stakeholders, announced the establishment of a dedicated Saudi - Pakistan Tech House to promote greater ease of doing business.

The prince called it a great hallmark of Pakistan-Saudi digital collaSaudi Arabia to boost tech ties with Pakistan with first joint technology houseboration excellence. 

To this end, Prince Fahad bin Mansour Alsaud also announced a further 300+ projects for the company with 100 Million project value, creating more than a 1000+ jobs in Pakistan, Saudi Arabia and globally.

“I’m deeply honored to be a part of such a respected and prestigious gathering of the IT industry with thought leaders of Pakistan at the country’s largest tech conference and expo, Future Fest 2023. My journey to Pakistan started 5 years ago to explore the possibilities of establishing an IT company in Lahore.

Let me say that the resources in Pakistan are very talented in all fields; Technical Resources, User Experience and Quality Assurance resources have been great to work with.”

He further added, “At Future Fest 2923, I am pleased a delegation of Saudi startups & venture capitalists will have a chance to meet Pakistani companies and key stakeholders to explore investments, partnerships, acquisitions, and talent recruitment.”

During his address, he highlighted the Kingdom’s Vision 2030 roadmap under the leadership of the Custodian of the Two Holy Mosques, King Salman, which has seen the booming of the technology sector along with major new smart cities like NEOM.

He emphasised how companies such as ILSA Interactive are reflective of the determination of both Pakistani and Saudi leaders to further deepen an existing strategic relationship in all fields with plans to forge partnerships with IT companies, Universities and big enterprises in Pakistan. 

On announcing the establishment of the Saudi - Pakistan Tech House, Prince Fahad bin Mansour Alsaud confirmed that the House will be headquartered in Riyadh, with it’s first branch in Lahore.

Under the theme of #SaveTheFuture, Pakistan’s biggest three-day tech conference and expo titled Future Fest 2023 kicked off on Friday with historic participation from Saudi startup and investors.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 23, 2023

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 March 23, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.1 286.15
Euro EUR 302.5 305.5
UK Pound Sterling GBP 343.5 347
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 749.55 757.55
Canadian Dollar CAD 205 207.2
China Yuan CNY 40.91 41.31
Danish Krone DKK 40.77 41.17
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 919.22 928.22
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 176.66 178.66
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 731.97 739.97
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 305.12 307.62
Thai Bhat THB 8.19 8.34

Today's gold rates in Pakistan – 23 March 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 203,800 on Thursday. The price of 10 grams of 24k gold was recorded at Rs174,730.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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 203,800 PKR 2,350
Karachi PKR 203,800 PKR 2,350
Islamabad PKR 203,800 PKR 2,350
Peshawar PKR 203,800 PKR 2,350
Quetta PKR 203,800 PKR 2,350
Sialkot PKR 203,800 PKR 2,350
Attock PKR 203,800 PKR 2,350
Gujranwala PKR 203,800 PKR 2,350
Jehlum PKR 203,800 PKR 2,350
Multan PKR 203,800 PKR 2,350
Bahawalpur PKR 203,800 PKR 2,350
Gujrat PKR 203,800 PKR 2,350
Nawabshah PKR 203,800 PKR 2,350
Chakwal PKR 203,800 PKR 2,350
Hyderabad PKR 203,800 PKR 2,350
Nowshehra PKR 203,800 PKR 2,350
Sargodha PKR 203,800 PKR 2,350
Faisalabad PKR 203,800 PKR 2,350
Mirpur PKR 203,800 PKR 2,350


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