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Ship carrying 50,000 metric tonnes of Russian wheat arrives at Gwadar port

01:20 PM | 3 Mar, 2023
Ship carrying 50,000 metric tonnes of Russian wheat arrives at Gwadar port
Source: File photo

ISLAMABAD – The first ship, carrying 50,000 metric tonnes of wheat from Russia to Pakistan, arrived at the Gwadar port on Thursday.

The Economic Coordination Committee (ECC) of federal cabinet last year accorded its approval for the import of 450,000 metric tonnes of wheat from Russia. 

The approval, for the import of wheat at 372 dollars per metric tonne from February till March, was given after last year’s deadly floods washed away standing crops on hundreds of thousands of acres in Pakistan. 

Gwadar Port Authority (GPA) Chairman Pasand Khan Buledi said that the first ship reached Gwadar port carrying 50,000 metric tons of wheat. 

Pakistan will be importing the remaining 400,000 metric tonnes of wheat from Russia through eight other cargo ships.  

“Arrangements had already been made under an agreement between Trading Corporation of Pakistan (TCP) and the Gwadar International Terminal Limited (GITL) to handle the wheat import,” Buledi added. 

Besides wheat, Pakistan this year signed agreements with Moscow to import cheap oil and gas as the South Asian country struggled to meet its energy needs due to a severe forex crunch. 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
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 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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