F.P. Report
ISLAMABAD: Pakistani Rupee continued its winning streak against Saudi Arabia’s currency in the open market with an increase of a record 75 paisas. The new rate of the Saudi Riyal is Rs74.56 in comparison to the closing rate on Wednesday Rs73.56.
Today 1 SAR to PKR conversion rate is PKR 74.56 in the open market as Saudi Riyal to PKR buying and selling rates are different in interbank and currency exchange or open market rates. Saudi Riyal to Pakistani Rupee has been decreased by Rs0.75 in open bank trading.
NEOM has unveiled a substantial investment of $100 million through the NEOM Investment Fund (NIF) into Pony.ai, a globally acclaimed autonomous driving company. In tandem, a groundbreaking joint venture is set to emerge, dedicated to pioneering autonomous technology solutions tailored for the region.
Saudi Gazzatte reported the collaboration between NEOM and Pony.ai aims to conceptualize, produce, and deliver autonomous driving services, cutting-edge vehicles, and intelligent vehicle infrastructure across NEOM and pivotal markets in the Middle East and North Africa (MENA) region.
Majid Mufti, the CEO of NIF, expressed, “This investment harmonizes with NEOM’s ambitious agenda to realize autonomous transportation solutions within the region. Pony.ai’s autonomous driving technology is already accessible today, and we are thrilled to integrate it into NEOM’s landscape in the near future.”
Terry Wong, NEOM’s executive director of Land Mobility, remarked, “The investment in Pony.ai is a vital element of our ambitious blueprint to construct a smart, zero-emission, autonomous multi-modal transport system.
