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With Embraer E-Jets, another airline set to start operations in Pakistan

Web Desk 07:10 PM | 17 Feb, 2023
With Embraer E-Jets, another airline set to start operations in Pakistan

ISLAMABAD - Another airline by the name K2 Airways is set to commence its commercial operation this year as the firm says it is in the final stages to offer its services.

According to an official statement issued on Friday, the company backed by 'successful UAE-based Pakistani businessmen and professionals with an astounding passion for aviation', is the first of its kind in Pakistan to introduce Embraer E-Jets in the country's commercial aviation.

The company vows to link under-utilised and smaller airports of Pakistan with Karachi, Islamabad and Lahore to make travel convenient and to serve specific domestic destinations with two Embraer E-190 aircraft by this year.

The airliner intends to narrow the gap by offering flexibility to travellers in choosing the right airport within the catchment area; the firm said it can operate as a feeder carrier for the existing domestic carriers to complement their operations. The statement elaborated that the company has a well-thought strategy to diversify and reshape the travel experience of passengers through the Embraer E-Jets cabin experience based on 2+2 row seating with comfortable leg space.

Those behind the airline claim that they believe in utilising modern automation tools and gathering young and dynamic professionals in the team to create a strong, technologically apt, and digitally enabled aviation entity in Pakistan.

The airline says the existing players are majorly serving the trunk routes while K2 has a noble plan to connect smaller cities to the bigger ones besides eliminating the middle seat.

The development comes weeks after British Airline Virgin Atlantic announced closing operations in Pakistan in next few months.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on May 29, 2023

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 May 29, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 307.9 311.15
Euro EUR 330 333
UK Pound Sterling GBP 381 384.5
U.A.E Dirham AED 84.6 85.4
Saudi Riyal SAR 82.6 83.4
Australian Dollar AUD 201 203
Bahrain Dinar BHD 762.21 770.21
Canadian Dollar CAD 225.5 227.5
China Yuan CNY 40.6 41
Danish Krone DKK 41.39 41.78
Hong Kong Dollar HKD 36.6 36.95
Indian Rupee INR 3.47 3.58
Japanese Yen JPY 2.15 2.20
Kuwaiti Dinar KWD 932.2 941.2
Malaysian Ringgit MYR 62.42 63.02
New Zealand Dollar NZD 176.98 178.98
Norwegians Krone NOK 26.14 26.44
Omani Riyal OMR 744.58 752.57
Qatari Riyal ‎QAR 78.73 79.43
Singapore Dollar SGD 215 217
Swedish Korona SEK 26.73 27.03
Swiss Franc CHF 316.34 318.84
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – May 29 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs202,160.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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 235,800 PKR 2,505
Karachi PKR 235,800 PKR 2,505
Islamabad PKR 235,800 PKR 2,505
Peshawar PKR 235,800 PKR 2,505
Quetta PKR 235,800 PKR 2,505
Sialkot PKR 235,800 PKR 2,505
Attock PKR 235,800 PKR 2,505
Gujranwala PKR 235,800 PKR 2,505
Jehlum PKR 235,800 PKR 2,505
Multan PKR 235,800 PKR 2,505
Bahawalpur PKR 235,800 PKR 2,505
Gujrat PKR 235,800 PKR 2,505
Nawabshah PKR 235,800 PKR 2,505
Chakwal PKR 235,800 PKR 2,505
Hyderabad PKR 235,800 PKR 2,505
Nowshehra PKR 235,800 PKR 2,505
Sargodha PKR 235,800 PKR 2,505
Faisalabad PKR 235,800 PKR 2,505
Mirpur PKR 235,800 PKR 2,505

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