State-owned SriLankan Airlines is aiming to reduce its debt and is looking for an international partner to help reverse years of losses, Kabir Hashim, Minister of Public Enterprise Development, told reporters in Colombo.
“A team from the airline is in Pakistan for negotiations. We will lease one A330 next month on wet lease,” Kabir Hashim said. He also said SriLankan Airlines would lease three more A330s “in the next few months”, but did not discuss the type of lease.
The airline, which has taken on seven Airbus A330-300s since 2012, has debts of around $3.25 billion.
Hashim said the airline paid around $450,000 dollars a month to lease each A330 and was looking to lease the aircraft to the Pakistani carrier “even at a break even” level.
The aircraft to be leased were used on loss-making routes to cities such as Frankfurt, Paris, and Rome, which SriLankan Airlines has decided to cancel, he said.
A PIA official confirmed the company was in negations with SriLankan.
“Sri Lanka and Pakistan are in negotiations, a Pakistani team visited Colombo but the deal hasn't been sealed,” the official said, speaking on condition of anonymity as he was not authorized to talk to media about the deal.
No SriLankan team is in Pakistan currently, he said.
SriLankan ordered eight A350s from Airbus in 2014. It has cancelled four and got rid of one of the others. Hashim said it was in talks with parties including an Iranian airline to sell the remaining A350s, which are still in production.
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 9, 2023 (Thursday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 270.25 | 271.25 |
Euro | EUR | 290.11 | 290.71 |
UK Pound Sterling | GBP | 326.85 | 327.55 |
U.A.E Dirham | AED | 73.49 | 73.79 |
Saudi Riyal | SAR | 71,93 | 72.23 |
Australian Dollar | AUD | 184.3 | 186.7 |
Bahrain Dinar | BHD | 732.35 | 740.35 |
Canadian Dollar | CAD | 205 | 207.2 |
China Yuan | CNY | 40.72 | 41.12 |
Danish Krone | DKK | 39.92 | 40.32 |
Hong Kong Dollar | HKD | 35.08 | 35.43 |
Indian Rupee | INR | 3.35 | 3.46 |
Japanese Yen | JPY | 2 | 2.16 |
Kuwaiti Dinar | KWD | 900.32 | 909.32 |
Malaysian Ringgit | MYR | 64.65 | 65.25 |
New Zealand Dollar | NZD | 173.63 | 175.63 |
Norwegians Krone | NOK | 27.12 | 27.42 |
Omani Riyal | OMR | 715.53 | 723.57 |
Qatari Riyal | QAR | 75.64 | 76.34 |
Singapore Dollar | SGD | 208.03 | 210.03 |
Swedish Korona | SEK | 26.1 | 26.4 |
Swiss Franc | CHF | 298.06 | 300.56 |
Thai Bhat | THB | 8.25 | 8.4 |
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs193,700 on Thursday. The price of 10 grams of 24k gold was recorded at Rs166,070.
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 193,700 | PKR 2,350 |
Karachi | PKR 193,700 | PKR 2,350 |
Islamabad | PKR 193,700 | PKR 2,350 |
Peshawar | PKR 193,700 | PKR 2,350 |
Quetta | PKR 193,700 | PKR 2,350 |
Sialkot | PKR 193,700 | PKR 2,350 |
Attock | PKR 193,700 | PKR 2,350 |
Gujranwala | PKR 193,700 | PKR 2,350 |
Jehlum | PKR 193,700 | PKR 2,350 |
Multan | PKR 193,700 | PKR 2,350 |
Bahawalpur | PKR 193,700 | PKR 2,350 |
Gujrat | PKR 193,700 | PKR 2,350 |
Nawabshah | PKR 193,700 | PKR 2,350 |
Chakwal | PKR 193,700 | PKR 2,350 |
Hyderabad | PKR 193,700 | PKR 2,350 |
Nowshehra | PKR 193,700 | PKR 2,350 |
Sargodha | PKR 193,700 | PKR 2,350 |
Faisalabad | PKR 193,700 | PKR 2,350 |
Mirpur | PKR 193,700 | PKR 2,350 |
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