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My investor is my master’, Pakistan’s PM Shehbaz tells Turkish business community

Seeks investment for 10,000MW solar power project

05:40 PM | 26 Nov, 2022
My investor is my master’, Pakistan’s PM Shehbaz tells Turkish business community
Source: Radio Pakistan

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.

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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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