AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

Kuwait celebrated on Monday its national day, marking the anniversary of its 59th Independence Day and its Liberation Day at a local hotel.

The National Day commemorates the creation of Kuwait as a nation in 1961, while Liberation Day marks the end of the Iraqi occupation in 1991 during the Gulf War.

Minister for Privatisation Mohammadmian Somroo was the chief guest. Other distinguish guests were Raja Zafural Haq and ambassadors of Muslim and European Countries.

A large number of Pakistan's senior officials, foreign diplomats, politicians, business figures and senior journalists attended the ceremony and congratulated Kuwait on the auspicious occasion.

The formal programme inaugurated with the national anthems of two brotherly countries. On the occasion a cake was also cut.

Since independence, Kuwait adopted balanced national and foreign policies aimed at maintaining the wellbeing of its people and bolstering ties of cooperation with its regional neighbours.

Pakistan and Kuwait cooperate closely in fields of trade, defence and antiterrorism efforts. Pakistani foreign workers in Kuwait send home a sizeable amount of remittances. Kuwait has assisted Pakistan in natural disasters, such as the 2005 earthquake and the 2010 floods.

Kuwait is a small oil-rich country, with about 4.1 million inhabitants, of whom 1.2 million Kuwaitis and 2.8 million expatriates, including over 1 million from the sub-continent. There are about 120,000 Pakistanis working in Kuwait.

The Kuwaiti Dinar is among the most highly-valued currency in the world. Ninety-four percent of the country's export earnings come from oil, but the country continues its efforts to diversify its economy.

Copyright Business Recorder, 2020

Comments

Comments are closed.