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اردو

Jul 20, 2026 اردو

Print Edition BR Markets Dollar to PKR

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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 / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
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Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

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Crude Oil USD/Barrel / Jul 17	82.49
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