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Czech investors to have huge investment opportunities in Pakistan: Razak Dawood

10:51 PM | 25 Jun, 2019
Czech investors to have huge investment opportunities in Pakistan: Razak Dawood
ISLAMABAD - Adviser to the Prime Minister on Commerce, Textile and Investment, Razak Dawood on Tuesday said the Czech Republic investors would have huge investment opportunities in different potential sectors of Pakistan.

He said this in a meeting with the delegation of Czech-Pakistan Inter-Parliamentary Friendship Group led by Daniel Pawlas, said a press release issued here by BOI.

The meeting was aimed at discussing bilateral trade and investment relations and issues thereof.

The Adviser to the prime minister appreciated the technological expertise of Czech Republic in engineering and auto sector.

The adviser said Pakistan had taken various effective steps to improve trade procedures by establishing better trade facilitation regime.

Dawood also informed the delegation regarding enormous investment opportunities in technology up-gradation of whole value chain of textile sector as the textile manufacturers were using very old technology which was eroding their competitiveness.

Further he appraised the delegation that Special Economic Zones (SEZs) provide incentives to investors by allowing duty free import of machinery besides tax holidays for ten years and urged the Czech Republic companies to make investment in these zones to get better returns on their investments.

The head of the delegation Daniel Pawlas, urged to have more extended interaction on bilateral trade and investment relations in order to establish long term economic ties between both the countries.

He also stressed to explore mutual areas of interest for the investment in trade and industry related projects.

In this regard, he extended the invitation to the relevant Pakistani officials to visit Czech Republic so that untapped potential of bilateral investment can be explored for mutual economic benefit; which in return will create job opportunities in Pakistan as Czech Republic was deficient in labor force.

The big companies of Czech Republic were interested to invest in different projects, pertaining to manufacturing of technology and energy equipment of mutual interest.

The writer is a civil servant.

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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