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PM Shehbaz Sharif embarks on UAE visit to advance investment ties

Web Desk 10:28 AM | 12 Jan, 2023
PM Shehbaz Sharif embarks on UAE visit to advance investment ties
Source: Prime Minister\'s Office (Twitter)

ISLAMABAD – Prime Minister Shehbaz Sharif on Thursday embarked on a two-day official visit to the United Arab Emirates (UAE).

The prime minister visited the Middle Eastern nation at the invitation of UAE President Sheikh Mohamed bin Zayed Al Nahyan. The premier is accompanied by a high-level delegation, including key members of the cabinet.

In a statement, the Foreign Office spokesperson confirmed that during the visit, the premier will meet UAE president, Prime Minister with focus on advancing economic, trade and investment ties between the two sides, besides creating increased opportunities for the Pakistani workforce in the Gulf nation.

During his scheduled meeting, PM Shehbaz will discuss a range of regional and global issues of mutual interest.

The PML-N leader will also interact with Emirati businessmen and investors to discuss ways to enhance bilateral ties.

MoFA statement said “Pakistan and the UAE enjoy close ties based on common faith and traditions, shared history and heritage; deep-rooted cultural affinities, geographic proximity and identity of views on several regional and global issues…Regular high-level exchanges and visits are a key feature of this relationship”.

Prime Minister is visiting the UAE for the third time since assuming his charge last year.

Reports in local media also claimed that PM will request UAE to rollover the maturing $2 billion debt, besides offering a proposal of stakes in listed government companies.

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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 02, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
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 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 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 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 207,100 PKR 2,420
Karachi PKR 207,100 PKR 2,420
Islamabad PKR 207,100 PKR 2,420
Peshawar PKR 207,100 PKR 2,420
Quetta PKR 207,100 PKR 2,420
Sialkot PKR 207,100 PKR 2,420
Attock PKR 207,100 PKR 2,420
Gujranwala PKR 207,100 PKR 2,420
Jehlum PKR 207,100 PKR 2,420
Multan PKR 207,100 PKR 2,420
Bahawalpur PKR 207,100 PKR 2,420
Gujrat PKR 207,100 PKR 2,420
Nawabshah PKR 207,100 PKR 2,420
Chakwal PKR 207,100 PKR 2,420
Hyderabad PKR 207,100 PKR 2,420
Nowshehra PKR 207,100 PKR 2,420
Sargodha PKR 207,100 PKR 2,420
Faisalabad PKR 207,100 PKR 2,420
Mirpur PKR 207,100 PKR 2,420

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