ISLAMABAD – Prime Minister Shehbaz Sharif has commended the reopening of Khunjerab Pass, saying it would help increase bilateral trade between Pakistan and China.
In a press release issued from the PM office, the premier commended the step for boosting trade with ‘Iron brother China’. He said the reopening of the historic border crossing will remove hurdles that would further expedite the pace of work on China Pakistan Economic Corridor (CPEC), and said restoration of the trade route between the two sides after the hiatus was a matter of rejoice.
Sharif expressed his resolve to move ahead on the flagship CPEC project with the fast pace in comparison to previous years, calling the infrastructure network project a gift of progress and prosperity given by Nawaz Sharif and the Chinese leadership.
Reopening of Khunjrab Pass is critical to accelerating trade between Pakistan & China. The govt is determined to unpack the full potential of CPEC by making it the centerpiece of our economic diplomacy for the region. Trade & connectivity are the building blocks of prosperity.
— Shehbaz Sharif (@CMShehbaz) April 2, 2023
Pakistan and China opened a key border crossing Khunjerab Pass for trade activities on Monday (April 3) after hiatus of three years.
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.
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
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 | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
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 | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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