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PM Abbasi leads Pakistan delegation at D-8 Summit in Turkey

06:45 PM | 18 Oct, 2017
PM Abbasi leads Pakistan delegation at D-8 Summit in Turkey

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.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 10 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Sunday.

Dollar Rate in Pakistan Today

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)

Currency Symbol Buying Selling
US Dollar ‎USD 283.4 285.95
Euro EUR 307 310
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 741.76
Qatari Riyal ‎QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold price drops in Pakistan; Check out today gold rates here

Gold prices decreased in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 10 December 2023

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.

Today Gold Rate in Pakistan

City Gold Silver
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

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