ISLAMABAD – Pakistan has issued a licence to a Chinese liquor company Hui Coastal Brewery and Distillery Limited to manufacture liquor for the first time in the country.
According to media reports, the Chinese Liquor Company was registered in April 2020 with the Securities and Exchange Commission of Pakistan (SECP) while the licence was issued by the Excise, Taxation and Anti-Narcotics Department Balochistan.
The foreign company has been launched as a joint venture with Balochistan at the Lasbela Industrial Estate Development Authority.
Hui Costal will be the first Chinese company to establish its plant in Pakistan as they have vast experience in manufacturing liquor in East Asian country.
The reports further stated that the company, known for its world-famous brands, will also introduce two brands in Pakistan.
Pakistani rupee remained stable against the US dollar, and other currencies in the open market on Friday.
On Friday, the US dollar remained stable and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.2 | 286.15 |
Euro | EUR | 308 | 311 |
UK Pound Sterling | GBP | 358.5 | 362 |
U.A.E Dirham | AED | 77.4 | 78.1 |
Saudi Riyal | SAR | 76 | 76.8 |
Australian Dollar | AUD | 187.2 | 189 |
Bahrain Dinar | BHD | 757.23 | 765.23 |
Canadian Dollar | CAD | 209 | 211 |
China Yuan | CNY | 39.89 | 40.29 |
Danish Krone | DKK | 41.19 | 41.59 |
Hong Kong Dollar | HKD | 36.41 | 36.71 |
Indian Rupee | INR | 3.42 | 3.53 |
Japanese Yen | JPY | 1.39 | 1.45 |
Kuwaiti Dinar | KWD | 921.71 | 930.71 |
Malaysian Ringgit | MYR | 61.02 | 61.62 |
New Zealand Dollar | NZD | 174.54 | 176.54 |
Norwegians Krone | NOK | 26.05 | 26.35 |
Omani Riyal | OMR | 739.62 | 747.62 |
Qatari Riyal | QAR | 78.22 | 78.92 |
Singapore Dollar | SGD | 211 | 213 |
Swedish Korona | SEK | 27.12 | 27.42 |
Swiss Franc | CHF | 324.94 | 327.44 |
Thai Bhat | THB | 8.06 | 8.21 |
Gold price in Pakistan increased as the yellow metal witnessed an upward trend in the international market.
On Friday, the price of a single tola of 24-karat gold stands at Rs217,400 and 10 grams of 24k gold costs Rs186,390.
Single tola of 22 Karat Gold costs Rs199,282, 21 karat rate for per tola is Rs190,225 and 18k gold rate is Rs163,050 each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Friday.
Today Gold Price in Pakistan (8 December 2023)
City | Gold | Silver |
Lahore | PKR 217,400 | PKR 2,583 |
Karachi | PKR 217,400 | PKR 2,583 |
Islamabad | PKR 217,400 | PKR 2,583 |
Peshawar | PKR 217,400 | PKR 2,583 |
Quetta | PKR 217,400 | PKR 2,583 |
Sialkot | PKR 217,400 | PKR 2,583 |
Attock | PKR 217,400 | PKR 2,583 |
Gujranwala | PKR 217,400 | PKR 2,583 |
Jehlum | PKR 217,400 | PKR 2,583 |
Multan | PKR 217,400 | PKR 2,583 |
Bahawalpur | PKR 217,400 | PKR 2,583 |
Gujrat | PKR 217,400 | PKR 2,583 |
Nawabshah | PKR 217,400 | PKR 2,583 |
Chakwal | PKR 217,400 | PKR 2,583 |
Hyderabad | PKR 217,400 | PKR 2,583 |
Nowshehra | PKR 217,400 | PKR 2,583 |
Sargodha | PKR 217,400 | PKR 2,583 |
Faisalabad | PKR 217,400 | PKR 2,583 |
Mirpur | PKR 217,400 | PKR 2,583 |
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