GITEX Global 2023: Pakistan participates in world’s largest IT exhibition

03:09 PM | 17 Oct, 2023
GITEX Global 2023: Pakistan participates in world’s largest IT exhibition
Source: social media

GITEX Global 2023: Pakistan participates in world’s largest IT exhibition

DUBAI – UAE Vice President, Prime Minister and Ruler of Dubai Rashid Al Maktoum has officially opened GITEX GLOBAL, the world's largest IT exhibition, at the Dubai World Trade Centre (DWTC) in Dubai.

The five-day (Oct 16-20) tech show will be attended by over 6,000 companies from 170 countries across the globe.

Under the leadership Ministry Information Technology Umar Saif, Pakistan is also participating in the event with full might as the pavilion of the South Asian country comprises 27 companies and over 45 startups, making it one of the largest exhibit lounges at GITEX.

The Pakistan pavilion was inaugurated by the IT minister while a number of officials were also present on the occasion.

“Our brand Tech Destination Pakistan is one of the biggest brands visible at GITEX, and the buzz around Pakistan’s IT industry is electrifying,” the ministry said in a post on X.

Speaking at GITEX about the potential of Pakistani IT companies and investing in Pakistani startups, Umar Saif said: “Our IT industry has so much potential to grow and acquire large clients globally”

He said Pakistan's IT exports and startups had witnessed a sharp upward trend in recent years, driven by enabling policies of the government. He said Pakistan's IT exports now stand at $2.6 billion annually, with the potential to increase to $10 billion within the next 2-3 years.

To incentivise the industry, he said the government is establishing special technology zones, adding that around 5-7 technology zones are ready, while two technology zones are already operational.

He said the zones will house technology companies, outsourcing companies, startups, financial institutions, and real estate developers capable of building technology infrastructure.

“Additionally, we are also creating co-working spaces with necessary infrastructure to accommodate 500,000 freelancers working online in Pakistan,” said Dr. Saif while highlighting that Pakistan has the second largest online freelancing workforce.


Rupee recovers marginally against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan - 30 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates in Pakistan increase; Check today’s gold rates 30 November 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 30 November 2023

On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.

Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,600 PKR 2,675
Karachi PKR 218,600 PKR 2,675
Islamabad PKR 218,600 PKR 2,675
Peshawar PKR 218,600 PKR 2,675
Quetta PKR 218,600 PKR 2,675
Sialkot PKR 218,600 PKR 2,675
Attock PKR 218,600 PKR 2,675
Gujranwala PKR 218,600 PKR 2,675
Jehlum PKR 218,600 PKR 2,675
Multan PKR 218,600 PKR 2,675
Bahawalpur PKR 218,600 PKR 2,675
Gujrat PKR 218,600 PKR 2,675
Nawabshah PKR 218,600 PKR 2,675
Chakwal PKR 218,600 PKR 2,675
Hyderabad PKR 218,600 PKR 2,675
Nowshehra PKR 218,600 PKR 2,675
Sargodha PKR 218,600 PKR 2,675
Faisalabad PKR 218,600 PKR 2,675
Mirpur PKR 218,600 PKR 2,675


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