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TDAP willing to extend support to PCA

03:58 PM | 24 Dec, 2022
TDAP willing to extend support to PCA
Source: Mr Musa Yahya Baghpatee & Mr Usman Umer, Mr Siraj Uddin, Mr M. Zubair Motiwala, Mr Muhammad Yousuf, Mr  Abid Taqi, Member, Mr Iftekhar Rahat and PCA South Region officials.  

KARACHI - A five-member delegation of Pakistan Coating Association (PCA) headed by the Chairman Mr Siraj Uddin, visited Mr Zubair Motiwala, Chief Executive of the Trade Development Authority of Pakistan (TDAP) to meet and greet him for holding the new office here on Friday. 

During the meeting, referring to the State Bank of Pakistan (SBP) policy on exports to Afghanistan, he said the dollars required in advance from Afghan businessmen are mandatory due to the non-availability of dollars in Pakistan. He suggested that the PCA should become a member of the Pak-Afghan Joint Chamber of Commerce & Industry.

This will keep the PCA members updated on the Afghanistan trade and business insights. For enhancement of the coating industry’s exports to Afghanistan, he suggested arranging a warehousing facility at Torkham and Chaman borders and renting out to exporters of coating products to display their products. Relating to banking issues in Afghanistan, he stated that eventually it will be resolved sooner or later. 

Further, Mr Zubair emphasized and proposed the PCA delegation focus on CIS and African markets realizing their potential, also apprised that coating exporters should comply with product Certification initially, as CIS states are rigid on it. In context to marketing and promotion of coating exports, PCA initially should arrange seminars (cost savings) and then move ahead gradually, he added.  In regards to PCA’s participation in international trade events, Mr Zubair apprised the delegation of the upcoming Uzbekistan Trade Exhibition, in February 2023. Lastly, addressing all participants he agreed to extend support and cooperation for further enhancement of coating product’s exports.

Mr Siraj Uddin, Chairman, PCA, thanked TDAP’s Chief Executive for extending a warm welcome to his delegation. After briefing on the composition of the major manufacturing sectors which come under the Pakistan coating industry, he requested the TDAP authorities for facilitating PCA members for their participation in international trade events. Mr Muhammad Yousuf, Former Senior Vice Chairman of PCA asked for TDAP’s export methodology to enhance exports of the PCA member industries and their willingness to participate in TDAP’s associated international exhibitions and seminars. 

Mr Musa Yahya Baghpatee, Executive Member of PCA requested effective guidelines by the TDAP to promote exports of the coating industry. Mr Abid Taqi, a member of PCA, requested TDAP for the Certification details of coating products. Last but not the least, Mr Shafqatullah Siddiqui, Director General, TDAP satisfied the PCA delegation, and promised to provide unlimited services for the promotion and enhancement of the coating export products.

Those who attended the meeting were: Mr M. Zubair Motiwala, Chief Executive, TDAP, from PCA Mr Siraj Uddin, Chairman, Mr. Muhammad Yousuf, Former Senior Vice Chairman of PCA, Mr. Musa Yahya Baghpatee, Mr Usman Umer, EC Members, and Mr Iftekhar Rahat, Secretary, South Region. The meeting concluded, with the presentation of souvenirs and a flower bouquet to Mr Zubair Motiwala followed by a photo session. 

Daily Pakistan Global Web Desk

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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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