Seeks investment for 10,000MW solar power project
ISTANBUL – Prime Minister Shehbaz Sharif Saturday urged the Turkish businessmen to invest in a 10,000 megawatt solar power project of Pakistan, saying “My investor is my master”,
The premier, who reached Turkiye on two-day official visit yesterday, made the pitch while addressing a meeting of Pakistan-Turkiye Business Council in Istanbul.
Vowing to provide enabling environment to the investors, he said that the Turkish companies can earn good profits from this project while it will save Pakistan from importing crude oil that takes much-needed dollars out of the country.
He said a special conference will also be organized in Islamabad for the Turkish investors to apprise them of the solar projects.
“We will be great partners in this big investment portfolio which will be a win-win for both the countries.”
PM Shehbaz said that there is infinite potential of boosting trade and investment relations between Pakistan and Turkiye.
He said both the countries are like a family and our hearts beat together, state broadcaster reported.
The prime minister said that there is a need to simplify business regulations to realize the potential of cooperation, adding that his government will do everything possible to address the issues faced by the Turkish businessmen in Pakistan.
Shehbaz Sharif said both the countries have signed an agreement to enhance trade volume to $5 billion in the next three years. He said we should make utmost efforts to achieve this target rather double it in the given timeframe.
As regards the launch of third of four MILGEM Corvette Ships for Pakistan Navy, the Prime Minister said this defence cooperation between the two countries will move forward in the days to come.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|