Pak, Turkey enhance economic cooperation, sign 11 MoUs

05:04 PM | 17 Feb, 2015
Pak, Turkey enhance economic cooperation, sign 11 MoUs
ISLAMABAD (Web Desk) – Pakistan and Turkey on Tuesday promised each other an enhanced cooperation, by raising the mutual trade to $3 billion.
Turkey has announced an additional assistance of $2 billion for Pakistan to speed up its fight against terrorism.
Addressing a joint press conference, Prime Minister Nawaz Sharif thanked the Turkish counterpart Ahmet Davutoglu on his maiden visit to Pakistan as the prime minister of a friendly country.
Pakistan and Turkey have been supporting each other for decades and this relationship will be strengthened further, said Sharif.
The Turkish prime minister said that whenever someone swore in as country head in Turkey he visited Pakistan. “Currently I am here on a short trip but I will be back soon,” he added.
Sharif praised the role of Turkey in maintenance of peace in Middle East. Both the premiers agreed to conduct a trilateral meeting of foreign ministers of Pakistan, Turkey and Afghanistan in March at the Turkish Capital of Ankara.
A number of treaties for trade among both the countries were also signed on the occasion.
Addressing the media after meeting the Turkish prime minister, Nawaz said, “Turkey has always stood by Pakistan in times of need.”
He said that security, defence and counter-terrorism cooperation remained robust between the two countries, adding, “We have no doubt, Pakistan and Turkey’s relations will continue to grow from strength to strength.”
Nawaz further said the two premiers met today in the backdrop of the Paris attack and its aftermath.
“We decided we will not allow any attempt to vilify Islam and justify sacrilegious cartoons in the name of freedom of expression.”
“Condemning terrorism, Pakistan and Turkey have decided to work together to work together towards any form of Islamophobia,” he added.
Speaking on the occasion, Turkish Prime Minister Ahmet Davutoglu said, “It is my absolute honour to have visited Pakistan in my first few months of leadership.” He announced $20 million aid for the internally displaced persons owing to the ongoing Operation Zarb-e-Azb.
Claiming Pakistan has always cooperated with Turkey in their time of need, he said, “Turkey will always be with you prime minister and the people of Pakistan.”
Turkey and Pakistan are much closer than neighbor but owing to our geographic locations we need to work on transportation linking us. This is why we want more frequency between Turkish Airlines and PIA and railway networks,” he said.
“We have signed 11 MoUs today,” he added, claiming the total number of agreements signed between the two countries is now 51.
“On regional matters, we are coordinating our strategies. The peace and stability of Afghanistan means peace and stability in Pakistan and Turkey,” he said.
“We support your initiative to have good neighbourly relations with India,” he further added.
Matters related to regional security and defence cooperation between the two countries were discussed. Prime Minister Davutoglu appreciated the success achieved by Pakistan in its fight against terrorism.


Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter