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IDEAS 2016: Pakistan signs MoUs with Ukraine, Turkey and others on 2nd day

05:38 PM | 23 Nov, 2016
IDEAS 2016: Pakistan signs MoUs with Ukraine, Turkey and others on 2nd day
KARACHI - The ninth four-day International Defence Exhibition and Seminar (IDEAS) 2016 continued for the second day on Wednesday at Expo Centre Karachi.

Several important memorandums of understanding (MoUs) have been signed in first two days of the four-day exhibition.

Ukraine has agreed to provide engines to Pakistan for 200 al-Khalid II tanks, said Minister for Defence Production Rana Tanveer Hussain. An agreement has also been signed for the provision of Mushaq Aircrafts to Turkey.

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The minister hailed the agreements signed with Turkey and other countries as a 'breakthrough' for Pakistan's defence capabilities.

The mega defence exhibition was jointly inaugurated yesterday by Prime Minister Nawaz Sharif and Army Chief General Raheel Sharif.



Some 55 countries, including China, Turkey, Ukraine and the United States, are participating in the event.

Besides diplomats from various countries, a large number of foreign exhibitors/delegates, representatives of local companies engaged in defence production and officials of three armed forces are also present.

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IDEAS is a biennially held defence exhibition which brings together the defence industry's players across the globe to showcase latest technological innovations.

About 90 delegations from 43 countries are expected to attend the exhibition and seminar, including 30 high-level teams comprising defence ministers, defence secretaries and services chiefs.


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Although Chinese and Turkish defence industries have a significant presence, Russia is participating in the event this time in a big way.


Some of the major indigenously developed products, including battle tank Al-Khalid, JF-17 Thunder, Super Mushshak and K-8 aircraft, Fast Attack Craft Missile boats, UAVs, armoured personnel carriers and premium grade military hardware, are being showcased at the event.


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The defence industries of Turkey, China, Russia, North America, South America, Europe and Asia have a significant presence at the exhibition.

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
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 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
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 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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