High-level Saudi delegation due in Pakistan today

09:23 AM | 15 Apr, 2024
High-level Saudi delegation due in Pakistan today
Source: File Photo

ISLAMABAD – Saudi Arabian delegation, led by Foreign Minister Prince Faisal bin Farhan is set to land in Pakistan today to expedite action on the understanding reached between PM Shehbaz and Crown Prince Mohammad bin Salman.

The high-level delegation will hold key meetings with top officials to discuss investments in mining and tourism, Reko Diq, Diamer Basha Dam, expanding small oil refineries for oil purification.

Saudi delegation will also include Minister of Water and Agriculture Abdul Rahman Abdul Mohsen Al-Fadley, Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef, Deputy Minister of Investment Badr AlBadr, Head of Saudi Special Committee Mohammad Mazyed Al Towaijri, along with senior officials from the energy ministry and Saudi Fund for General Investments.

During Pakistani premier's visit to Kingdom, he and MBS agreed to speed up the initial phase of a planned $5 billion Saudi investment in Pakistan.

This investment was initiated after the Crown Prince instructed the Saudi Development Fund to explore increasing the deposit in the State Bank of Pakistan to $5 billion last year. 

The Saudi delegation is scheduled to meet with the president, prime minister, foreign minister, chief of army staff, and the apex committee of the Saudi-Pakistan Supreme Coordination Council (SIFC), as announced by the Foreign Office.

The purpose of this visit is to give a major boost to enhanced bilateral cooperation and foster a mutually beneficial economic partnership between the two countries.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Dirham, Riyal 13 June 2024

Pakistani currency rates against US Dollar and other currencies on June 13, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 350.5 for buying, and 353 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 75.9.

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.6 280.65
Euro EUR 296 299
UK Pound Sterling GBP 350.5 353
U.A.E Dirham AED 75 75.9
Saudi Riyal SAR 73.1 73.85
Australian Dollar AUD 182 184
Bahrain Dinar BHD 740.88 748.88
Canadian Dollar CAD 204 206
China Yuan CNY 38.38 38.78
Danish Krone DKK 40.14 40.54
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.19 917.19
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.52 731.52
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.5 205.5
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.94 312.44
Thai Bhat THB 7.56 7.71


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