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PM Nawaz inaugurates Free Trade Zone, other projects in Gawadar

02:11 PM | 1 Sep, 2016
PM Nawaz inaugurates Free Trade Zone, other projects in Gawadar
GAWADAR (News Desk) - Prime Minister Nawaz Sharif on Thursday unveiled as many as five mega developmental projects at Gwadar.

The projects included Gawadar Free Trade Zone, Business Complex of Gwadar Port Authority, Pak-China Government Primary School Faqir Colony, Sawar and Shadikor dams and Gwadar University.

Addressing on the occasion, development projects worth billions of rupees are being implemented in Balochistan to guarantee the progress and prosperity of the province. These projects will be completed in the next two to three years, he said.

The Prime Minister said he is very happy to see that Gwadar is transforming into an international city.  He said Gwadar has the potential to become a world class seaport.  He said it is a place which is not only important for Pakistan, but also for the region and the world.

He said Gwadar which used to be most backward city of Pakistan is becoming the most prosperous city of the region.  He said that Gwadar seaport is the nerve centre of China-Pakistan Economic Corridor.

He said Gwadar is Balochistan and Balochistan is Gwadar and similarly Gwadar is Pakistan and Pakistan is Gwadar.

The Prime Minister pointed out that 300MW coal fired power plant is being built which will provide electricity to Gwadar and other parts of Balochistan. Likewise, he said desalination plant will provide clean drinking water to water to Gwadar and adjoining areas.

Nawaz Sharif said domestic and international flights will be operated from Gwadar international airport linking Gwadar to the world.

He said he is proud of Pakistan, China friendship and said it will be strengthened further.  He said Pakistan and China is implementing joint venture in infrastructure, power, railways and other sectors including industrial zones and economic zones.  He said through infrastructure projects, traffic from Gwadar will go to China and from China to Gwadar.

The Prime Minister said over ten thousand MW of electricity will be added to the national grid by the end of 2017 or at the beginning of 2018.  He hoped that load shedding will end in 2018 in the country.  He said work is continuing on different projects in full swing.

He directed the Gwadar Port Authority not to allow land encroachers to crop up in the area.  He also directed the authority to follow the Master Plan of Gwadar City at all costs.

The Prime Minister as a result of operation against terrorists, terrorism is breathing its last.  He said peace has also been established in Balochistan.  He paid tribute to the armed forces, security agencies, police, administration and other institutions who sacrificed for peace in the country.

At the conclusion of the ceremony, MOUs on different projects were signed between Pakistan and Chinese authorities.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

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

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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