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Azerbaijan allows tax-free import of Pakistani rice for five years

PM Shehbaz thanks Azerbaijan president for the decision

Web Desk 11:37 PM | 26 Nov, 2022
Azerbaijan allows tax-free import of Pakistani rice for five years
Source: File photo

BAKU – Azerbaijan on Saturday announced a five-year tax exemption on rice import from Pakistan.

The move is aimed at stimulating growth of the bilateral trade between Pakistan and Azerbaijan.

Speaking at the international conference “Along the Middle Corridor: Geopolitics, Security and Economy” at ADA University in Baku the other day, Azerbaijan President Ilham Aliyev said the decision was the outcome of his meetings with Pakistani Prime Minister Shehbaz Sharif held over the last couple of months.

During these meetings, the president said, they discussed the agenda of their bilateral relations.

The Azerbaijani president was responding to questions raised by Executive Director of Center for Global and Strategic Studies of Pakistan Khalid Taimur Akram, as a participant.

The president said he discussed with Pakistan’s prime minister, the prospects of further intensifying the bilateral economic and trade cooperation and the decision over special regulations for rice from Pakistan, was a reflection of that.

He said they had decided to take this step in order to stimulate the growth of mutual trade between the two countries.

“Why should we buy rice from some other place if we have high-quality rice in the brotherly country? So, that decision was clearly based on our brotherly relations,” the Azeri media quoted the president as saying.

Commenting further, the Azerbaijan president said that his country enjoyed excellent relations with Pakistan.

President Aliyev said: “We are very grateful to Pakistan for the continuous support which the country demonstrates with respect to Azerbaijan-Armenia relations. 

"During the times of occupation, during the war, and after the liberation of our territories, Pakistan was always with us. And this political and moral support is highly appreciated by the people of Azerbaijan.”

He said that he knew that the Gwadar Port of Pakistan was transforming into a big international hub.

Reacting to the decision, PM Shehbaz thanked Azerbaijan’s president for the five-year tax exemption on the import of rice from Pakistan.

“Pakistan and Azerbaijan will work on boosting economic cooperation through rail and Gwadar port,” the prime minister says.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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