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

Dawood Rehman 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.

Dawood Rehman
Dawood Rehman

The writer is a member of the staff.

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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 February 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 205,200 PKR 2,430
Karachi PKR 205,200 PKR 2,430
Islamabad PKR 205,200 PKR 2,430
Peshawar PKR 205,200 PKR 2,430
Quetta PKR 205,200 PKR 2,430
Sialkot PKR 205,200 PKR 2,430
Attock PKR 205,200 PKR 2,430
Gujranwala PKR 205,200 PKR 2,430
Jehlum PKR 205,200 PKR 2,430
Multan PKR 205,200 PKR 2,430
Bahawalpur PKR 205,200 PKR 2,430
Gujrat PKR 205,200 PKR 2,430
Nawabshah PKR 205,200 PKR 2,430
Chakwal PKR 205,200 PKR 2,430
Hyderabad PKR 205,200 PKR 2,430
Nowshehra PKR 205,200 PKR 2,430
Sargodha PKR 205,200 PKR 2,430
Faisalabad PKR 205,200 PKR 2,430
Mirpur PKR 205,200 PKR 2,430

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