ISLAMABAD - Prime Minister Shahid Khaqan Abbasi will reach Turkey Thursday to lead Pakistan’s delegation for the 9th D-8 Summit being held in Istanbul on October 20.
This is Abbasi’s first visit to Turkey since assuming the PM office. He would be interacting with the leaders of D-8 Member States on the sidelines of the Summit.
The international summit, with the theme Expanding Opportunities through Cooperation, will be attended by leaders of rising economies in the Muslim world.
Nigerian President Muhammadu Buhari, Azerbaijani leader Ilham Aliyev, Iran's first vice president Eshaq Jahangiri and the vice president of Indonesia Jusuf Kalla will also participate in the summit.
On June 15, 1997, the D-8 was launched after Turkish Prime Minister Necmettin Erbakan proposed the creation of an economic group consisting of eight emerging economies from the Muslim world.
Pakistan is the current Chair of the D-8. It assumed the Chair at the 8th Summit of D-8, held in Islamabad in November 2012. Pakistan continued to hold the Chair beyond the normal period of two years.
During Islamabad Summit in November 2012 two landmark documents: the D-8 Charter and the Global Vision were signed.
The prime minister will hand over the chairmanship of the D-8 Summit to Turkey. The Istanbul Summit is expected to adopt a Declaration and a Plan of Action.
The major areas of cooperation in D-8 Charter are; Industry, Agriculture and Food Security, Energy, Trade, Transportation and Tourism.
Foreign Minister Khawaja Muhammad Asif will attend the 17th Council of Ministers meeting that would precede the Summit.
This is the 9th Summit of eight Developing Countries i.e. Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. The Istanbul Summit would coincide with the 20th Anniversary of the Organization.
Two of its members, Turkey and Indonesia, are among the group of the world's 20 biggest economies.
Today, the organization has a combined GDP of $3.7 trillion and includes more than one billion people, around 15 percent of the world's population.
Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Sunday.
On Sunday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.
Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.37||36.72|
|New Zealand Dollar||NZD||175.33||177.33|
Gold prices decreased in local markets in line with the trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs216,300, and 10 grams of 24k gold costs Rs185,450.
Single tola of 22 Karat Gold price costs Rs198,274, 21 karat rate per tola costs Rs189,263 and 18k gold rate is Rs162,225 for each tola.
In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Sunday.
|Lahore||PKR 216,300||PKR 2,486|
|Karachi||PKR 216,300||PKR 2,486|
|Islamabad||PKR 216,300||PKR 2,486|
|Peshawar||PKR 216,300||PKR 2,486|
|Quetta||PKR 216,300||PKR 2,486|
|Sialkot||PKR 216,300||PKR 2,486|
|Attock||PKR 216,300||PKR 2,486|
|Gujranwala||PKR 216,300||PKR 2,486|
|Jehlum||PKR 216,300||PKR 2,486|
|Multan||PKR 216,300||PKR 2,486|
|Bahawalpur||PKR 216,300||PKR 2,486|
|Gujrat||PKR 216,300||PKR 2,486|
|Nawabshah||PKR 216,300||PKR 2,486|
|Chakwal||PKR 216,300||PKR 2,486|
|Hyderabad||PKR 216,300||PKR 2,486|
|Nowshehra||PKR 216,300||PKR 2,486|
|Sargodha||PKR 216,300||PKR 2,486|
|Faisalabad||PKR 216,300||PKR 2,486|
|Mirpur||PKR 216,300||PKR 2,486|