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اردو

Apr 17, 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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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
FTSE 100 / Apr 16	8,275.60
Dow Jones / Apr 16	39,669.39
Germany DAX 30 / Apr 16	21,311.02
France CAC40 / Apr 16	7,329.97
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

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Tri-Star Mutual / Apr 17 Tri-Star Mutual Fund Limited(TSMF)	8.97 ▲ 0.87 (10.74%)
Imperial Limited / Apr 17 Imperial Limited(IML)	16.34 ▲ 1.49 (10.03%)
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Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)
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B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	15,237,604 ▲ 0.25
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	12,449,354 ▲ 2.79
National Bank / Apr 17 National Bank of Pakistan(NBP)	11,637,622 ▲ 4.22
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	11,091,308 ▲ 0.07
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WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	4,819,222 ▼ -0.01
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Pak Elektron / Apr 17 Pak Elektron Limited(PAEL)	4,341,937 ▲ 0.44