Pakistan, Saudi Arabia reiterate commitment to enhanced bilateral strategic, economic partnership

05:09 PM | 16 Apr, 2024
Pakistan, Saudi Arabia reiterate commitment to enhanced bilateral strategic, economic partnership

ISLAMABAD—Saudi Foreign Minister Prince Faisal bin Farhan Al Saud called on Prime Minister Muhammad Shehbaz Sharif on Tuesday. During the meeting, both leaders reiterated their commitment to strengthening their bilateral relations, focusing on mutually beneficial economic cooperation.

On Monday, a high-powered Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan, arrived in Pakistan for a two-day visit to expedite the follow-up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman during their recent meeting in Makkah Al Mukarramah. The goal of the visit is to enhance bilateral economic cooperation.

The FM expressed his appreciation for the Saudi leadership and sincere wishes to the Custodian of the Two Holy Mosques, King Salman bin Abdul Aziz Al Saud and Crown Prince Mohammed bin Salman bin Abdul Aziz Al Saud. He also highlighted the significance of the longstanding fraternal, economic, and strategic relations between Pakistan and Saudi Arabia.

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The prime minister informed the delegation about the Special Investment Facilitation Council (SIFC) and its initiatives to promote investment in Pakistan. He also emphasized the critical role of Chief of the Army Staff General Syed Asim Munir and the cooperation of all institutions to encourage investment in the country through SIFC.

The Saudi foreign minister expressed gratitude for the warm welcome accorded to his delegation and highlighted that Saudi Arabia attaches high importance to its solid and close ties with Pakistan. He also conveyed the Kingdom’s commitment to an enhanced strategic and economic partnership with Pakistan and discussed the escalating situation in the occupied Palestinian Territories.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 19 May 2024

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

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

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72


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