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World Economic Forum: PM Shehbaz to leave for Saudi Arabia on April 28

08:47 PM | 26 Apr, 2024
World Economic Forum: PM Shehbaz to leave for Saudi Arabia on April 28
Source: File photo

Prime Minister Shehbaz Sharif is set to embark on a visit to Saudi Arabia to participate in a two-day World Economic Forum (WEF) meeting in Riyadh beginning April 28.

Sharif is going to Saudi Arabia on the invitation of Saudi Crown Prince Mohammed bin Salman

Pakistan's foreign office confirmed this development, highlighting the warm relations between the two countries, marked by frequent high-level engagements aimed at strengthening bilateral ties.

This visit follows a recent meeting between Saudi Foreign Minister Prince Faisal bin Farhan and Pakistani officials in Islamabad. Earlier, Prime Minister Sharif and the Saudi Crown Prince convened in Makkah, discussing Saudi Arabia's commitment to accelerate its $5 billion investments in Pakistan.

According to Mumtaz Zahra Baloch, the foreign office spokesperson, Prime Minister Shehbaz Sharif and Foreign Minister Mohammad Ishaq Dar have received invitation from Crown Prince Mohammed bin Salman and Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, to attend the WEF Special Meeting on Global Collaboration, Growth, and Energy in Riyadh from April 28 to 29.

This event presents an opportunity for the Pakistani delegation to engage with global leaders and heads of international organizations. The participation of Pakistan's leadership will focus on presenting the country's priorities, including global health architecture, inclusive growth, regional collaboration, and the balance between promoting growth and energy consumption.

Additionally, Prime Minister Sharif is scheduled to attend the 15th session of the Islamic Summit Conference in Banjul, Gambia, from May 4 to 5. The conference, themed "Enhancing Unity and Solidarity through Dialogue for Sustainable Development," will address various regional and global issues such as Palestine, Islamophobia, climate change, and minority rights.

Preceding the Summit, senior officials will convene on April 30 and May 1 to discuss session documents and prepare a report for the Council of Foreign Ministers (CFM) meeting on May 1-2. The CFM will then submit its findings to the Summit.

The Summit's agenda includes discussions on political, economic, humanitarian, social, and cultural matters affecting the Islamic world, as well as hate speech, Islamophobia, dialogue promotion, climate change, and food security. The session will conclude with a final communique and resolutions on pertinent issues. The Islamic Summit, a key organ of the OIC, gathers leaders from 57 member states to address and implement decisions concerning the Muslim world's welfare and development.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 19 May 2024

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 - 19 May 2024

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
Norwegian 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 Baht THB 7.57 7.72

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