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Pakistan Finance Minister Ishaq Dar jets off to Qatar to woo investors

01:14 PM | 23 Jan, 2023
Pakistan Finance Minister Ishaq Dar jets off to Qatar to woo investors
Source: File photo

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). 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal 12 April

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 12, 2024.

US Dollar rate in Pakistan

On Friday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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