Search

x
Join our whatsapp channel for News Updates

Pakistani PM rejoices at reopening of Khunjerab Pass trade route with China

10:06 AM | 3 Apr, 2023
Pakistani PM rejoices at reopening of Khunjerab Pass trade route with China
Source: Representational Photo

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.

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. 

Daily Pakistan Global Web Desk

Advertisement

Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

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.

Today’s currency exchange rates in Pakistan - 19 April 2024

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

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter