RIYADH - Saudi Arabia’s Crown Prince, Muhammad bin Salman has announced the launch of EIF, a fund aimed at developing tourism as well as other sectors with top-notch amenities to help attract citizens from across the world.
The Events Investment Fund aims to develop a sustainable infrastructure for culture, tourism, entertainment and sports sectors across the Kingdom, with facilities like racing tracks as well.
It is envisioned that the fund will bolster the contribution of the tourism sector to annual GDP, from its existing rate of 3 per cent to over 10 per cent by 2030 and would provide alternate options to travelers going to Europe and other countries for leisure and fun.
As part of the plan, indoor arenas, art galleries, theaters and conference centers, horse-racing tracks, auto racing tracks and other event facilities across the Kingdom will be developed. The first project in this regard would be ready by 2023.
The fund will support the transformation of Saudi Arabia into a global tourist destination, attracting over 100 million visitors by 2030; it is poised that the fund will help make the kingdom one of the world’s most visited countries and would achieve the plan of shifting the country's revenue sources from oil to other streams.
The fund is being seen as a major game changer considering the fact that it will conceptualize, finance and oversee development of over 35 venues by 2030.
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 April 01 , 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||350.5||354|
|Hong Kong Dollar||HKD||36.11||36.46|
|New Zealand Dollar||NZD||176.37||178.38|
|Qatari Riyal||QAR|| |
|Swiss Franc||CHF||310.26|| |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 209,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs179,190.
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.
|Lahore||PKR 209,000||PKR 2,525|
|Karachi||PKR 209,000||PKR 2,525|
|Islamabad||PKR 209,000||PKR 2,525|
|Peshawar||PKR 209,000||PKR 2,525|
|Quetta||PKR 209,000||PKR 2,525|
|Sialkot||PKR 209,000||PKR 2,525|
|Attock||PKR 209,000||PKR 2,525|
|Gujranwala||PKR 209,000||PKR 2,525|
|Jehlum||PKR 209,000||PKR 2,525|
|Multan||PKR 209,000||PKR 2,525|
|Bahawalpur||PKR 209,000||PKR 2,525|
|Gujrat||PKR 209,000||PKR 2,525|
|Nawabshah||PKR 209,000||PKR 2,525|
|Chakwal||PKR 209,000||PKR 2,525|
|Hyderabad||PKR 209,000||PKR 2,525|
|Nowshehra||PKR 209,000||PKR 2,525|
|Sargodha||PKR 209,000||PKR 2,525|
|Faisalabad||PKR 209,000||PKR 2,525|
|Mirpur||PKR 209,000||PKR 2,525|
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