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Dutch firm to invest in dairy, food sectors of Pakistan

03:19 PM | 11 Jun, 2016
Dutch firm to invest in dairy, food sectors of Pakistan
ISLAMABAD (APP) - The Royal Friesland Company (RFC) of Netherlands is planning to invest in the dairy and food sectors of Pakistan, Global Chief Financial Officer RFC, Hein Schumacher informed Minister for Finance, Muhammad Ishaq Dar here on Saturday.

Hein Schumacher was leading a delegation of RFC who called on the Finance Minister here. The delegation informed the Minister about RFC's plan to invest in the dairy and food sector in Pakistan.

Members of the delegation said they were eagerly looking forward to implement the RFC's investment plan which was in the final stages of approval and that the company would contribute to economic progress in Pakistan.

Mr Schumacher also shared the international investment portfolio of the company with the minister, adding that RFC had a profound desire to undertake investment in Pakistan because of the attractive business environment.

He said there were "positive prospects in Pakistan not just in the dairy and food sector but in other sectors as well". Ishaq Dar welcomed the delegation and gave them an overview of the investment policy of the government and the opportunities that were offered to foreign companies in Pakistan.

He said a number of multinational companies had been engaged in business ventures in Pakistan and RFC would also be offered maximum possible facilitation in undertaking investment here.

He said that Government was full focused on achieving economic growth and foreign investment was a major tool to help achieve this objective. Senior officials of the Ministry of Finance and Federal Bureau of Revenue also attended the meeting.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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