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Pakistani PM embarks on official visit to Saudi Arabia today to attend 'Davos in the desert'

World leaders headed to KSA to attend Future Investment Initiative, nicknamed Davos in the Desert

02:33 PM | 24 Oct, 2022
Pakistani PM embarks on official visit to Saudi Arabia today to attend 'Davos in the desert'
Source: Prime Minister\'s Office (Twitter)

ISLAMABAD – Prime Minister Shehbaz Sharif is set to embark on his official visit to Saudi Arabia on Monday to attend Saudi Future Investment Initiative Summit.

Reports of state broadcaster said the premier, during his stay in Kingdom, will hold consultations with the top Saudi officials including Crown Prince to review the longstanding fraternal relations, with a view to further strengthening the multifaceted cooperation, especially in the economic field.

PM is visiting the Arab country at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman and attend the Saudi Future Investment Initiative Summit.

Prime Minister is visiting brother Islamic country ahead of Saudi Crown Prince's visit to Pakistan next month. 

Meanwhile, leaders across the world are headed to the Saudi Arabia for the three-day gathering. Notably, Pakistan's strategic partner US will be absent, amid recent row with Kingdom.

Kingdom arranged the crucial summit under the initiative of de facto ruler to expand the country's role beyond oil in the global economy.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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