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Pakistan to confer highest civil award on Saudi crown prince

04:55 PM | 17 Feb, 2019
Pakistan to confer highest civil award on Saudi crown prince
ISLAMABAD – Saudi Crown Prince Muhammad bin Salman will receive the country’s highest civil award during his two-day visit to Pakistan, starting today (Sunday).

The 33-year-old royal, who is also the deputy prime minister and minister of defense, will be conferred with Nishan-e-Pakistan during his first state visit to the South Asian country, the Foreign Office spokesman announced on Twitter.

https://twitter.com/ForeignOfficePk/status/1097081244301619200

Preparations have been made to give an "unprecedented warm welcome" to the Saudi Prince who will be received personally by Prime Minister Imran Khan and his cabinet members at the Nur Khan Airbase.

Saudi Arabia has in recent months helped keep Pakistan's economy afloat by propping up its rapidly dwindling foreign exchange reserves with a $6 billion loan, giving Islamabad breathing room as it negotiates a bailout with the International Monetary Fund.
During his visit, the crown prince is expected to sign investment agreements worth more than $10 billion.

Analyst say the crown prince's trip is being treated by Islamabad as the biggest state visit since Chinese President Xi Jinping in 2015, soon after Beijing announced plans to invest tens of billions of dollars on infrastructure in Pakistan as part of China's global Belt and Road initiative.

The visit marks a deepening in ties between allies whose relationship has in the past centered on oil-rich Saudi Arabia backing Pakistan's economy during difficult periods.



Pakistan has shut down its airspace and has stepped up security in Islamabad for the crown prince, who is set to become the first guest to stay at the Prime Minister's House.

In Islamabad, the crown prince is expected to meet Khan and Chief of Army Staff General Qamar Javed Bajwa. He is also likely to meet representatives of the Afghan Taliban militant group to discuss peace negotiations to end the 17-year civil war in Afghanistan.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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