Pakistan inks several agreements with Kuwait to attract multi-billion dollars investment

Seven deals, 3 MoUs to add to inward foreign direct investment flows

09:18 AM | 30 Nov, 2023
Pakistan inks several agreements with Kuwait to attract multi-billion dollars investment
Source: Prime Minister\'s Office

KUWAIT – Pakistan and Kuwait agreed to further deepen bilateral relationship in diverse fields as interim Prime Minister Anwaar-ul-Haq Kakar and Chief of Army Staff Gen Asim Munir visited Middle Eastern nation and met Crown Prince Sheikh Meshal Al Ahmed Al Jaber Al Sabah.

Islamabad inked at least seven agreements and three Memorandums of Un­derstanding (MoUs) with Kuwait to lure massive invest­ment in various sectors. 

The deals were signed after the interaction of the top leadership of two countries. Both sides inked the pacts in the areas of Food Security/ Agricul­ture, Hydel Power, Wa­ter Supplies, establish­ment of Mining Fund to support mineral indus­try, Technology Zones Development and Man­grove Preservation, per report of state-run new agency.

Pakistani caretaker premier reaffirmed the importance of the country's ties with Kuwait and reiterated desire to further expand bilateral cooperation.

During the high-level interaction, Kuwait's Crown Prince reciprocated the sentiments of PM Kakar and reiterated the desire of Kuwaiti leadership to further deepen and broaden bilateral relations with the South Asian nation.

Daily Pakistan Global Web Desk


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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