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Khunjerab Pass reopens for Pakistan-China trade after winter break

11:49 AM | 1 Apr, 2024
Khunjerab Pass reopens for Pakistan-China trade after winter break
Source: File Photo

GILGIT – Khunjerab Pass, a key trade route has been reopened after four months of winter break, with over a dozen trucks carrying goods from China entering Pakistan marking the resumption of the new trade season.

The trade activities between Iron brothers started on Monday after four months as the border, linking Gilgit Baltistan to China’s Xinjiang region, witnessed extreme cold in winter. 

A ceremony was organized to mark the start of the new trade season. AJ International Cargo CEO along with local politicians welcomed the trade convoys from Xinjiang. Businessmen from Gilgit-Baltistan were present on this occasion.

On the inaugural day, 15 containers carrying commercial goods arrived in Pakistan.

Before the closure, over 400 containers entered Pakistan through this high altitude trade in six-month period, which raked in Rs5.45 billion in customs revenue.

The trade resumption also created job opportunities for locals, as noted by former Gilgit Assembly member Javed Hussain, who urged the federal government to keep the pass open year-round for commercial traffic.

Islamabad and Beijing are a strong bilateral partners, with China being a significant investor in Pakistan. China also invested billions in Pakistan under flagship project of the Belt and Road Initiative.


 
 
 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

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

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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