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Saudi Crown Prince Mohammed bin Salman to visit Pakistan this month

09:15 AM | 8 Nov, 2022
Saudi Crown Prince Mohammed bin Salman to visit Pakistan this month
Source: @PakPMO (Twitter)

ISLAMABAD – Saudi Crown Prince and Prime Minister Mohammed bin Salman will reach Pakistan on an official visit on November 21.

The Saudi Embassy in Islamabad confirmed it, days after Finance Minister Ishaq Dar revealed that the Saudi crown prince will be in Pakistan within the ongoing month.

It is expected that the South Asian country will get an additional bailout package worth $4.2 billion from the kingdom during this visit. 

It will be the second official trip of the Saudi prime minister to Pakistan as he, last, visited Pakistan in 2019 when the two Islamic nations inked $21 billion investment agreements, including a $10 billion Aramco oil refinery and a $1 billion petrochemical complex.

Last month, Prime Minister Shehbaz Sharif visited Riyadh where he attended the Saudi Future Investment Initiative Summit and held a meeting with the Saudi crown prince. After wrapping his visit, the Pakistani PM hoped a breakthrough in the financing of the oil refinery project during the upcoming highly anticipated visit of Mohammad bin Salman.

Earlier this month, the finance minister confirmed that the Saudi Arabia had agreed to roll over existing deposits of $3 billion and their oil facility of $1.2 billion on deferred payment ($100 million on monthly basis) would continue till June 2023.

Saudi Arabia has also agreed to revive the around $10 billion oil refinery and petrochemical project in Pakistan, he said.  

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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