Pakistan's Finance Minister holds key meetings with World Bank, ADB chiefs

12:01 PM | 17 Apr, 2024
Pakistan's Finance Minister holds key meetings with World Bank, ADB chiefs
Source: Financegovpk/Twitter

ISLAMABAD – Finance Minister Muhammad Aurangzeb interacted with heads of World Bank and Asian Development Bank on Wednesday in Washington.

Aurangzeb, during his visit to US, met with World Bank President Ajay Banga, highlighting Pakistan's progress in its IMF arrangement and reforms in taxation, energy, and privatization.

Two sides agreed on a 10-year rolling Country Framework Plan, with the World Bank reaffirming its support for Pakistan's reforms and digitization programs. Aurangzeb also invited the World Bank president to visit Pakistan.

In a separate meeting, Aurangzeb led a delegation meeting with Asian Development Bank President Masatsugu Asakawa to enhance Islamabad's partnership with the ADB, protect its concessional financing, and discuss future projects.

Aurangzeb also met with United States International Development Finance Corporation CEO Scott Nathan to discuss expanding DFC's investment in Pakistan and resolving outstanding issues. He highlighted the government's efforts to improve the economy, including encouraging innovative financing models and public-private partnerships.

Earlier, Aurangzeb had a positive meeting with Saudi Foreign Minister Mohammad AL-Jadaan, where they discussed support for Pakistan's economic growth and agreed to broaden bilateral cooperation in various fields.

Daily Pakistan Global Web Desk


Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 May 2024

Pakistani currency rates against US Dollar and other currencies on May 27, 2024 (Monday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.

Currency Symbol Buying Selling
US Dollar USD 277.25 280
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.15 75.85
Saudi Riyal SAR 73.35 74.1
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegian Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Baht THB 7.67 7.82


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