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100 Japanese companies keen to invest in Pakistan

11:08 AM | 19 Dec, 2020
100 Japanese companies keen to invest in Pakistan

ISLAMABAD – Special Assistant to Prime Minister (SAPM) on Overseas Pakistanis Zulfikar Abbas Bukhari met with Japanese ambassador to Pakistan, Kininori Matsuda to discuss the export of Pakistani IT Engineers in Japan, said a press release on Saturday.

“Following the Pak-Japan Skilled Workforce Agreement, more than 100 major Japanese IT companies, including NEC Corporation, Mac, Sankyo, and Orix Japan, have approached the Pakistani Embassy in Japan,” the statement said.

According to Japan’s Ministry of Commerce and Industry, by 2030, Japan will face a shortage of 800,000 IT engineers. They further said that after the COVID-19 situation subsides, more than 500 Japanese IT companies will come to Pakistan.

The meeting was followed by a video conference held with the Japanese IT Companies association.

Officials from the ministry of foreign affairs, ministry of information technology, Pakistan Software House association and embassies of both countries participated in the meeting.

Zulfi said that he hopes that in 2021, the ministry will pave the way for Pakistani IT engineers to work in Japan and Japanese IT companies would also be welcomed to set up training centers in Pakistan.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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