Doha also shares willingness to invest in major airports in Pakistan
ISLAMABAD/DOHA – Qatar is planning to invest $3 billion in various sectors, Qatar’s Emiri Diwan said in a statement.
It was reported that funds will be invested through the Qatar Investment Authority and now the officials are evaluating strategic investments in main airports in South Asian country. The authority further planned to invest in renewable energy, power, and hospitality sectors.
The development comes as Pakistani Prime Minister Shehbaz Sharif visited the Gulf nation. The premier, earlier today, called on His Highness Sheikh Hamad bin Khalifa Al Thani, and other top leaders of the Arab nation.
A day earlier, Sharif held a meeting with the chief of the Qatar Investment Authority. The friendly Muslim country will ensure that investment is made as soon as possible to support Pakistan.
During the maiden visit, PM Shehbaz also urged Qatari investors to explore the opportunities presented by the multi-billion dollar CPEC project aimed at promoting regional connectivity and mutual prosperity.
The cash-strapped country is currently seeking USD inflow, with the IMF set to announce its decision on Pakistan’s combined seventh and eighth reviews under the Extended Fund Facility (EFF) next week.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|