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Pakistan, China all set to reopen Khunjerab Pass border after three years

09:49 AM | 1 Apr, 2023
Pakistan, China all set to reopen Khunjerab Pass border after three years
Source: File Photo

GILGIT – All-weather friends Pakistan, and China are set to open a key border crossing Khunjerab Pass for trade activities from Monday (April 3) after hiatus of three years.

Trade and tourism-related activities remained suspended for two sides and will resume from next week as Islamabad and Beijing have completed all arrangements to reopen the iconic border point for bilateral trade and other activities under the flagship CPEC project.

The 4,693-meter-high mountain pass was earlier closed to stem Covid transmission between the two nations and only emergency aid was shipped after safety measures during the pandemic.

The years-long closure of the key crossing caused a huge financial blow to the local community as a large number of workers become jobless. As the world is moving after the Covid pandemic; Pakistani and Chinese officials decided to boost cross-border trade and business.

The picturesque border crossing is the only land port linking neighboring countries. Both sides started trade and tourism through the border from April 1 to November every year. First, ever trade activity under CPEC started via the Karakoram Highway back in late 2016.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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