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Coca Cola to invest $200m in Pakistan

11:26 PM | 27 Nov, 2018
Coca Cola to invest $200m in Pakistan
ISLAMABAD - Renowned beverage brand Coca-Cola Turkey will invest $200 million dollars in Pakistan, in addition to its current $500 million investment in the country, it emerged on Tuesday.

The investment plan was confirmed by the ruling Pakistan Tehreek-e-Insaf as a delegation of the company called on Prime Minister Imran Khan and discussed matters of mutual interest.

During the meeting, the premier expressed that foreign investment in the country will create more job opportunities and will promote industrialization and will result in more revenue collections.

https://twitter.com/PTVNewsOfficial/status/1067388227915579392?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1067388227915579392&ref_url=https%3A%2F%2Fdnd.com.pk%2Fcoca-cola-turkey-will-invest-200-million-more-in-pakistan-in-next-2-3-years%2F156322

The Prime Minister assured the delegation of his Government’s complete support and cooperation asserting that the Government will facilitate and extend support to those intending to invest in the country.

The incumbent regime is striving hard to bring in investment in the country to deliver on its promises of providing 10 million jobs to the youth over a period of five years.

Meanwhile, Finance Minister Asad Umar expressed that Suzuki was also mulling over investing $450 m to expand car production in Pakistan.

https://twitter.com/Asad_Umar/status/1067443406333517824

 

He also confirmed that Exxon mobil would also open its office in the country after 27 years.

Prime Minister Imran Khan had urged Chinese businessmen to explore investment opportunities in diverse socio-economic sectors of Pakistan during his recent visit.

He had made this call during separate meetings with heads of major Chinese business groups in Beijing, including Chairman China Rainbow International Investment Company Li Dacan, President China Gezhouba Group Lyu Zexiang.

The writer is a civil servant.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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