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اردو

Sep 30, 2026 اردو

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Business & Finance Print edition: 2024-10-15

Bahra Electric and Pakistan Cables sign MoU to develop energy sectors

Published October 15, 2024 Updated October 15, 2024 08:53am

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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.

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USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

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S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
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Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Petrol/Litre / Sep 30	387.54
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Diesel/Litre / Sep 30	402.24
Cotton US¢/pound / Sep 30	79.18

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