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Pakistan and UAE enter new era of cooperation with multi-billion dollars MoUs

09:19 AM | 28 Nov, 2023
Pakistan and UAE enter new era of cooperation with multi-billion dollars MoUs
Source: PTVNewsOfficial/Twitter

ISLAMABAD – Interim Prime Minister Anwaar-ul-Haq Kakar visited the United Arab Emirates and held bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan, which was also attended by Chief of Army Staff General Syed Asim Munir.

During Kakar's visit to Gulf nation, the two countries inked memorandums of understanding in different sectors worth multi-billion dollars.

The development comes as Pakistan is making all-out efforts to garner investment from friendly nations in the Gulf, and Special Investment Council.

The interim Information Minister Murtaza Solangi in a message on social media said, Islamabad and Abu Dhabi started new era of economic cooperation, regional stability, and strategic cooperation with the signing of the MoUs.

The MoUs were related to the fields of manpower, information technology, mineral exploration and food security, energy and defence, according to the ministry’s statement.

The tangible projects after the signing of MoUs will positively reflect on the country’s economy.

Prime Minister Kakar also discussed regional and global developments, especially Palestine issue with UAE President.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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