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Dubai signs deal with India for investment in occupied Kashmir

07:43 PM | 19 Oct, 2021
Dubai signs deal with India for investment in occupied Kashmir

NEW DELHI – Dubai has entered a deal with the Indian government to build infrastructure in the Indian Illegally Occupied Jammu and Kashmir. 

The announcement was made by the Modi government on Monday amid rising violence in the occupied territory. It has not shared the details about the value of the accord yet.

The agreement by Dubai, one of the seven emirates of the UAE, marks the first foreign investment in the restive region since the Indian government stripped the region of its autonomous status. 

Dubai, as per the agreement, will establish infrastructure including industrial parks, IT towers, multipurpose towers, logistics centres, a medical college and a specialty hospital.

“The world has started to recognise the pace [at] which Jammu and Kashmir is traversing on the development bandwagon,” Indian Trade Minister Piyush Goyal said in a statement.

He said that various Dubai-based firms had shown interest in investment in occupied Kashmir.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

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.

Euro currently 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 - 26 Feb 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 2.1 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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