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اردو

Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance Print 2024-10-15

Bahra Electric and Pakistan Cables sign MoU to develop energy sectors

Press Release Published October 15, 2024

ISLAMABAD: Bahra Electric and Pakistan Cables Limited signed a Memorandum of Understanding (MoU) to strengthen partnerships between the two organizations ushering a new era for collaboration in the industrial and energy sectors between the Kingdom of Saudi Arabia and Pakistan.

The MoU was signed by Kareem Idriss, Deputy Chief Executive – Bahra Electric and Fahd K. Chinoy, CEO – Pakistan Cables at a signing ceremony in Islamabad on October 10th. The value of the MoU is estimated to be up to $100 million and is anticipated to contribute towards the strong economic relation between both the countries.

This was one of several MOUs signed during the visit of a Saudi delegation led by Honourable Khalid Bin Abdulaziz Al-Falih, Minister of Investment, Kingdom of Saudia Arabia.

The two sides agreed that Bahra Electric and Pakistan Cables will collaborate to develop electrical products for the energy sector, strengthen capabilities and supply chain resilience, and widen distribution networks.

energy sectors Pakistan Cables Limited Bahra Electric

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Currency	Rate
USD PKR Interbank Selling / Feb 14	279.27
USD PKR Interbank Buying / Feb 14	279.07
USD to Japanese Yen / Feb 14	152.31
USD to Swiss Franc / Feb 14	0.90
Pound Sterling to USD / Feb 14	1.26
Euro to USD / Feb 14	1.05
UK LIBOR % / Feb 14	4.96

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S&P 500 / Feb 14	6,114.63
India Sensex / Feb 14	75,939.21
Tokyo Nikkei / Feb 14	39,149.43
Nasdaq / Feb 14	20,026.77
Hang Seng / Feb 14	22,620.33
FTSE 100 / Feb 14	8,732.46
Dow Jones / Feb 14	44,546.08
Germany DAX 30 / Feb 14	22,513.42
France CAC40 / Feb 14	8,178.54

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Crude Oil USD/Barrel / Feb 14	70.74
Karachi Cotton PKR/37.32 KG / Feb 14	17,785
Gold 10 Grams PKR / Feb 14	262,517
Gold Spot USD/Ounce / Feb 14	2,882.53
Cotton US¢/pound / Feb 14	68.31
Petrol/Litre / Feb 16	256.13
Diesel/Litre / Feb 16	263.95

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