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Innovation 2.0

11:24 PM | 27 May, 2019
Innovation 2.0
A strong military and a monumentally strong economy go alongside. After years of progress, world has witnessed that true wealth is in innovation.

Ever wondered why leading companies like Apple, Microsoft and thousands of others have their own major research and development centers? Why do they invest millions in research? The answer is to keep exploring new and effective ways to utilize technology.

This statement leads us towards the developments made in the field of Artificial Intelligence! The key sentence here is “the confluence of big data on activity.” The concept of AI is to revolutionize all industries and create a whole new conglomerate. To break it down further, Agriculture and Medicine can be used as an example.

“Precision agriculture and precision medicine” is all about treating an individual plant and a person respectively with the help of big database connectivity through sensors and drones. Any country which masters AI would literally drive the world!

Major developments are in the pipeline in Pakistan through the forum of PIAIC ( Presidential Initiative for Artificial Intelligence and Computing). The day is not far when major mechanisms like electronic media channels would go obsolete as cloud computing & AI would eventually replace them. I see it as an astounding opportunity for Pakistan’s economic growth.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

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.

Euro currently 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 - 26 Feb 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 2.1 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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