Looking back at the history of Euro, it emerged as a currency in 1999 after an effort of 20 years to create a single legal currency for all European countries. The EUR rate in Pakistan PKR changes every hour, we have solved the problem of our users by giving complete history and record of last 30 days. Till Pakistan is not completely stable in the above mentioned sectors, Euro would remain one of the priciest currencies for exchange in Pakistan either you get it exchanged from open market or through a bank. The citizens have to put up with payment of international debts and rising prices of fuel and other facilities.Īt the current moment, economic and financial sector in Pakistan is still in the process of flourishing. This has lead to huge economic and financial crisis in Pakistan since the past few years. There is not even balance of trade between Pakistan and European Union which is a major reason that we are charged more on our imports and less is bestowed to us on our exports. There are not extremely good economical and financial relations between European Union and Pakistan due to which our currency keeps on devaluing in the international market. Now it has crossed 100 Rupees and still escalating in value. The lowest value that Euro touched in Pakistan was around 80 Rupees many years ago. The exchange rate for Euro in Pakistan is dramatically high and it is estimated that it will keep on rising in value in future. Like Business on Facebook, follow on Twitter to stay informed and join in the conversation.Today Euro Rate in Pakistan is Rs: 305.5 Date Published in The Express Tribune, March 11 th, 2023. Pakistani exporters, who were not getting industrial input due to foreign currency shortage and not receiving energy at regionally competitive rates, may opt for relocating to Bangladesh, a country far more export-friendly than Pakistan, remarked SITE Association of Industries (SAI) President Riazuddin. However, individuals may face delay due to the procedures which have to be adhered to. Pakistani business community must also come forward to benefit from our potential.”Ībout delay in the issuance of visas, the envoy emphasised that they were trying their best to issue visas to members of business community at the earliest. “Investors of Japan, China, India and South Korea have already established production units in Bangladesh. Besides, under vision 2041, the country intends to become a developed and smart nation. But now the country holds impressive foreign reserves of $48 billion,” the envoy highlighted.Īlam pointed out that Bangladesh was not importing any food items as it was self-sufficient in domestic production. When Bangladesh was born, it had zero foreign reserves and most of the food items were being imported. “There are challenges which have to be efficiently tackled through collective efforts. “We have a lot of potential to work together, so we must make collective efforts for economic prosperity of the two brotherly countries,” he stated. The envoy told the gathering that around 100 Special Economic Zones (SEZs) were being established across Bangladesh with the aim of promoting investment and accelerating economic growth through increased and diversified industrialisation, employment, production and exports. It would benefit both countries which had vast potential of increasing import and export, he said, adding that increased collaboration, partnership and joint ventures could boost economic growth of both countries. “The pending free trade agreement (FTA) with Bangladesh needs to be concluded without loss of time,” Union of Small and Medium Enterprises (UNISAME) President Zulfikar Thaver said while talking to The Express Tribune. Speaking to businessmen during his visit to the Karachi Chamber of Commerce and Industry (KCCI), the envoy invited the KCCI to send a business delegation to Bangladesh to explore trade and investment opportunities as the country offered all the required facilities and infrastructure along with special incentives for foreign investors. Bangladesh Deputy High Commissioner SM Mahbubul Alam has stressed the need for enhancing trade and investment cooperation with Pakistan.
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