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90,000 Pakistanis get overseas jobs in first 40 days of 2020

Associated Press of Pakistan 06:01 PM | 16 Feb, 2020
90,000 Pakistanis get overseas jobs in first 40 days of 2020

ISLAMABAD - The Ministry of Overseas Pakistanis and Human Resource Development has facilitated some 90,000 Pakistanis, to secure jobs in multiple fields of international labour market during the first 40 days of 2020.

“This is a good start for ‘2020’ and it seems that we will accomplish the target of 750,000 set for the current year,” a senior officer in the Bureau of Emigration and Overseas Employment (BEOE) told APP.

The foreign remittances, sent by Pakistani expatriates, were a potential source of boosting the country’s forex reserve (FER), he added.

The officer said over 63 per cent growth in manpower export was observed during the last year as 625, 203 Pakistanis went abroad for overseas employment in multiple trades compared to 382,439 in 2018.

Citing the State Bank of Pakistan (SBP) as the source, he said the foreign remittances had reached to $11.4 billion during the first half of 2019-20.

He hoped that the government might achieve $24 billion target of foreign remittances set for the current financial year.

The officer said the government had chalked out a comprehensive plan to boost flow of foreign remittances in the country by providing incentives to the Pakistani expatriates for using legal channels to send money to their homes.

The idea was worked out by a committee on remittances chaired by the Adviser to the Prime Minister on Finance & Revenue Hafeez Sheikh, he added.

He said the initiative would be launched shortly as the overseas ministry had suggested during the recent meeting that the plan should be implemented before the holy month of Ramazan due to high flow of remittances from Pakistani expatriates on the Eid-ul-Fitr.

Under the initiative, the officer said a card would be issued for the emigrants to give them multiple incentives like concession in air tickets and permission for bringing some extra quantity of luggage against the approved weight and two mobile phones.

The card holders’ families might be offered some packages on purchasing edible items from the utility stores, he added.

He said an expatriate would get the incentives against some points that he/she earned on swiping the card for the transfer of remittances.

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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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 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
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 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 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 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 205,200 PKR 2,430
Karachi PKR 205,200 PKR 2,430
Islamabad PKR 205,200 PKR 2,430
Peshawar PKR 205,200 PKR 2,430
Quetta PKR 205,200 PKR 2,430
Sialkot PKR 205,200 PKR 2,430
Attock PKR 205,200 PKR 2,430
Gujranwala PKR 205,200 PKR 2,430
Jehlum PKR 205,200 PKR 2,430
Multan PKR 205,200 PKR 2,430
Bahawalpur PKR 205,200 PKR 2,430
Gujrat PKR 205,200 PKR 2,430
Nawabshah PKR 205,200 PKR 2,430
Chakwal PKR 205,200 PKR 2,430
Hyderabad PKR 205,200 PKR 2,430
Nowshehra PKR 205,200 PKR 2,430
Sargodha PKR 205,200 PKR 2,430
Faisalabad PKR 205,200 PKR 2,430
Mirpur PKR 205,200 PKR 2,430

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