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Pakistan seeks active partnership as Saudi Arabia announces $243 initiative to bolster filmmaking sector

09:05 PM | 22 Mar, 2023
Pakistan seeks active partnership as Saudi Arabia announces $243 initiative to bolster filmmaking sector
Source: Twitter

ISLAMABAD – Federal Information Minister Marriyum Aurangzeb Pakistan wanted to enhance cooperation in fields of filmmaking and broadcasting through content sharing and joint ventures.

The minister expressed it while addressing a prize distribution ceremony organized by the Saudi embassy to honor the winners of a documentary competition days after the kingdom announced its $243 million Film Sector Financing Programme to shore up the film sector.

She highlighted that the partnership between the friendly countries in areas like security and economy was turning into the fields of broadcasting and filmmaking.

She highlighted that Pakistan had a “robust film and broadcasting policy” adding that there was zero taxation on the industry.

“I have seen how the film industry in Saudi Arabia has grown in the last ten years,” she said. “It has become really robust and has started partnering with different countries in the region. We would also like to become an active partner with Saudi Arabia and learn from its experience,” Arab News reported.

The minister added that Pakistan could benefit greatly by utilising Saudi expertise in post-production of films and broadcasting.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on May 31, 2023

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 May 31, 2023 (Wednesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 312.4 316.65
Euro EUR 331.5 334.5
UK Pound Sterling GBP 382 385
U.A.E Dirham AED 84.9 85.7
Saudi Riyal SAR 82.7 83.5
Australian Dollar AUD 201 203
Bahrain Dinar BHD 758.7 766.7
Canadian Dollar CAD 228 230.2
China Yuan CNY 40.34 40.74
Danish Krone DKK 41.03 41.43
Hong Kong Dollar HKD 36.44 36.79
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.18 2.41
Kuwaiti Dinar KWD 927.38 936.38
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 214 216
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.7 318.2
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan – May 31 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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 232,300 PKR 2,485
Karachi PKR 232,300 PKR 2,485
Islamabad PKR 232,300 PKR 2,485
Peshawar PKR 232,300 PKR 2,485
Quetta PKR 232,300 PKR 2,485
Sialkot PKR 232,300 PKR 2,485
Attock PKR 232,300 PKR 2,485
Gujranwala PKR 232,300 PKR 2,485
Jehlum PKR 232,300 PKR 2,485
Multan PKR 232,300 PKR 2,485
Bahawalpur PKR 232,300 PKR 2,485
Gujrat PKR 232,300 PKR 2,485
Nawabshah PKR 232,300 PKR 2,485
Chakwal PKR 232,300 PKR 2,485
Hyderabad PKR 232,300 PKR 2,485
Nowshehra PKR 232,300 PKR 2,485
Sargodha PKR 232,300 PKR 2,485
Faisalabad PKR 232,300 PKR 2,485
Mirpur PKR 232,300 PKR 2,485

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