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PM Abbasi extends full facilitation to Japanese companies for investment in Pakistan

11:46 PM | 24 Jan, 2018
PM Abbasi extends full facilitation to Japanese companies for investment in Pakistan
DAVOS - Prime Minister Shahid Khaqan Abbasi has said that the government will provide full support and facilitation to the Japanese companies that are interested to invest in Pakistan.

Talking to CEO of Japan Bank for International Cooperation (JBIC) Tadashi Maeda at World Economic Forum (WEF) in Davos, he hoped that JBIC will support Japanese companies in their investments in Pakistan particularly in the energy sector.

He said Pakistan and Japan enjoy a very long and cherished history of economic cooperation that is of immense importance to Pakistan.

Shahid Khaqan Abbasi said in the last few years Pakistan has made tremendous achievements towards political stability, law and order, energy security, and economic growth.

He said we are hoping that these positive indicators will incite Japanese companies and businesses to enhance their ties.

The prime minister stated that there are 84 Japanese companies currently operating in Pakistan and many more are expected to enter Pakistani market at an exponential rate.

PM Abbasi invited JBIC to open its operations in Pakistan.

CEO JBIC appreciated the economic stability achieved by Pakistan and expressed interest for investments in Energy and Telecom sectors.

JBIC has provided funding for Kohat tunnel-I, II and other infrastructure projects.

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 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 - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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