Pakistan, Saudi Arabia ink three key CPEC related agreements

09:03 AM | 28 Sep, 2018
Pakistan, Saudi Arabia ink three key CPEC related agreements
ISLAMABAD - Information Minister Fawad Chaudhry has said that Saudi Arabia has signed grant agreements with Pakistan to finance three projects related to the multi-billion dollar China-Pakistan Economic Corridor.

The accords are related to road infrastructure and energy projects which were inked between Saudi envoy and Pakistan's finance ministry officials during Prime Minister Imran Khan's visit to the Kingdom, the minister told media during a press conference on Thursday.

First step pertaining to the inclusion of Saudi Arabia in CPEC has been taken, he said, adding that these agreements show strengthened relations between the two countries.

A Saudi delegation is set to reach Pakistan on Sunday for further agreements, besides revealing that Islamabad and Riyadh are likely to sign agreements on Reko Diq gold, copper mines, and Gwadar oil refinery during the visit.

"When Imran Khan was in the Kingdom, Saudi Arabian leader including Crown Prince Muhammad bin Salman express willingness to finalise the deals within days" he said.

Talking about Afghan refugees, the information minister informed that the government would design a comprehensive policy on these refugees before giving them next extension of their stay in the country.

To deal with Financial Action Task Forces matters, the minister said that a DG financial monitoring position has been appointed at the State Bank of Pakistan.

He said that the first phase of reforms at the Federal Board of Revenue has been completed, adding that a grand operation would be launched against 100 biggest tax evaders.

He also hinted at launching anti-encroachments drives in Karachi as it was launched in Islamabad.


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 25, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279 for buying and 280.75 for selling. Euro's buying rate moved up to 301.75 and selling rate is 303.85.

British Pound rate is 356 for buying, and 360.25 for selling. UAE Dirham AED was at 76.65 and Saudi Riyal hovered at 73.90.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279 280.75
Euro EUR 301.75 303.85
UK Pound Sterling GBP 356 360.25
U.A.E Dirham AED 76.65 77.4
Saudi Riyal SAR 73.90 74.63
Australian Dollar AUD 184.95 186.75
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.65 205.65
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.75 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.4 204.4
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.55 7.7


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter