ISLAMABAD – Finance Minister Ishaq Dar on Monday visited Qatar to woo investors as the country is suffering from the worst economic crisis in recent years.
Reports in local media suggest that Dar visited the Middle Eastern nation for talks aimed at improving cooperation in energy sector.
The PML-N leader will interact with Qatari officials in Doha and, and will also invite them to invest in the South Asian nation.
It was reported that Dar will offer to sell two Pakistani LNG power plants to the Qatari officials to raise $1.5 billion from their sale.
Doha earlier showed interest in taking administrative control of Pakistani airports, however, there is no official word on the matter.
It was reported that the two power plants, which were taken up during Nawaz Sharif's tenure in tandem with building the first LNG terminal, were put on an active list for privatization to raise an estimated $1.5 billion.
Last year, the Sharif-led government approved an order to sidestep all the prerequisites for the process and also abolished regulatory checks including the applicability of relevant laws.
The top government officials including Prime Minister visited friendly nations as the South Asian country is facing a threat of default in wake of the delay of the revival of the International Monetary Fund programme (IMF).
Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.5 | 280.5 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.5 | 346 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.55 | 748.55 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.47 | 38.87 |
Danish Krone | DKK | 39.78 | 40.18 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.11 | 912.11 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.61 | 25.91 |
Omani Riyal | OMR | 723.2 | 731.2 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.47 | 307.97 |
Thai Bhat | THB | 7.56 | 7.71 |
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