HBL, Bank of China sign MoU on Strategic Cooperation to enhance regional trade

02:15 PM | 15 Nov, 2023

Source: Farhan Talib, Head of International Banking - HBL (designate), and Yu Xiaoming, DGM Financial Institutions - BOC signed the agreement in the presence of Liu Jin, Vice Chairman & President - BOC (standing 3rd from right), Sultan Ali Allana, Chairman - HBL, (standing 3rd from left) and Muhammad Aurangzeb, President & CEO - HBL (standing 2nd from left).

KARACHI – HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters in Beijing, China. Liu Jin, Vice Chairman and president - Bank of China, Sultan Ali Allana, Chairman - HBL, and Muhammad Aurangzeb, President & CEO - HBL represented their respective institutions.

The signing of the strategic cooperation memorandum signifies HBL and BOC’s commitment to drive economic empowerment and regional connectivity. The cooperation between HBL and BOC will facilitate seamless trade opportunities, benefiting businesses in South Asia, the Middle East, Central Asia, and Africa.

Both the organizations will also work to deepen strategic cooperation in the areas of Environmental, Social and governance (ESG), technology, and training.

Bank of China is a premier bank in China with presence in over 60 markets around the world while HBL serves over 15 global markets with dedicated China desks and branches in Beijing and Urumqi.

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Daily Horoscope - 4th December, 2023

Forex

Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec 2023

Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.

Dollar Rate in Pakistan Today

On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.

Today’s currency exchange rates in Pakistan – 4 December 2023

Currency	Symbol	Buying	Selling
US Dollar	USD	285.15	287.95
Euro	EUR	309.9	310.5
UK Pound Sterling	GBP	359.4	360.05
U.A.E Dirham	AED	77.45	77.6
Saudi Riyal	SAR	75.82	75.97
Australian Dollar	AUD	187.72	188.22
Bahrain Dinar	BHD	759.94	767.94
Canadian Dollar	CAD	209.99	210.49
China Yuan	CNY	39.78	39.88
Danish Krone	DKK	41.95	42.05
Hong Kong Dollar	HKD	36.38	36.48
Indian Rupee	INR	3.39	3.5
Japanese Yen	JPY	1.49	1.56
Kuwaiti Dinar	KWD	926.39	935.39
Malaysian Ringgit	MYR	60.38	60.98
New Zealand Dollar	NZD	173.44	175.44
Norwegians Krone	NOK	26.25	26.55
Omani Riyal	OMR	742.16	750.18
Qatari Riyal	QAR	78.5	79.2
Singapore Dollar	SGD	212.45	212.95
Swedish Korona	SEK	27.09	27.19
Swiss Franc	CHF	325.38	325.88
Thai Bhat	THB	8.05	8.09

Gold & Silver Rate

Gold prices in Pakistan move down despite positive global cues

The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 4 December 2023

On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043

A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.

In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.

Today Gold Rate in Pakistan

City	Gold	Silver
Lahore	PKR 217,000	PKR 2,720
Karachi	PKR 217,000	PKR 2,720
Islamabad	PKR 217,000	PKR 2,720
Peshawar	PKR 217,000	PKR 2,720
Quetta	PKR 217,000	PKR 2,720
Sialkot	PKR 217,000	PKR 2,720
Attock	PKR 217,000	PKR 2,720
Gujranwala	PKR 217,000	PKR 2,720
Jehlum	PKR 217,000	PKR 2,720
Multan	PKR 217,000	PKR 2,720
Bahawalpur	PKR 217,000	PKR 2,720
Gujrat	PKR 217,000	PKR 2,720
Nawabshah	PKR 217,000	PKR 2,720
Chakwal	PKR 217,000	PKR 2,720
Hyderabad	PKR 217,000	PKR 2,720
Nowshehra	PKR 217,000	PKR 2,720
Sargodha	PKR 217,000	PKR 2,720
Faisalabad	PKR 217,000	PKR 2,720
Mirpur	PKR 217,000	PKR 2,720

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