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Gwadar airport being constructed at cost of $260 million

Sarfraz Ali 03:34 PM | 4 Jul, 2016
Gwadar airport being constructed at cost of $260 million
ISLAMABAD - Gwadar International Airport, which will be capable of handling the largest passenger planes including the A380 Boeing jet, is being constructed at a cost of US$ 260 million, after receipt of a grant from the Chinese government.

This was said during a meeting of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC).

Additionally, the committee was informed that the Chinese government had given a grant of $10 million for building the Pakistan-China Vocational and Technical Training Institute aimed at helping the local population of Gwadar getting skills and employment.

Gwadar Port Authority chairman also informed the committee that the water problem of Gwadar was being sorted out with the construction of Sawad dam, through which water would be provided to Gwadar via a 83 km pipeline and the water shortage of Gwadar would be resolved in that manner.

A briefing was also given on the various financial incentives being provided to potential investors in the Special Economic Zone of Gwadar as a result of which there was growing interest among investors both in Pakistan and abroad for investment in the Special Economic Zone.

With these new incentives, the Gwadar port is also being activated and three new ships will arrive from China this month, bringing construction material.

Regarding the provision of electricity for Gwadar, the committee was informed that as a result of an agreement with an Iranian company, an additional 100 MW of electricity would be available for Gwadar by the end of 2017.

Chairman of the Parliamentary Committee Senator Mushahid Hussain said that the Committee was guided by three key principles in its working, namely consensus through consultation with all political parties and provinces, transparency in projects and decision making and inclusive development, and a focus on implementation in letter and spirit of the decisions taken at All-Parties Conference held at the Prime Minister's House on May 28, 2015.

Among these decisions, building of Western route on a priority basis was agreed unanimously by all leaders and political parties, in addition to the rapid development of Gwadar port.

The chairman NHA briefed the committee in detail regarding the progress being made on the Western route which he said would be completed by August 2018.

Work on it was already underway at different segments and this would initially be a modern 4-lane highway which would eventually be upgraded into a 6-lane motorway, for which planning was underway.

Allocations have already been made and construction is underway to fast track construction of the Western route, which the Chairman NHA underlined would be completed a year earlier than the Eastern route.

The Committee directed the Ministry of Planning and Development to prepare a projection of requirement for electricity for Gwadar and Balochistan as a whole.

Sarfraz Ali
Sarfraz Ali

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 9, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 09, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 299.9 303.15
Euro EUR 319 322
UK Pound Sterling GBP 371 375
U.A.E Dirham AED 82.6 83.7
Saudi Riyal SAR 79.5 80.3
Australian Dollar AUD 202 204
Bahrain Dinar BHD 762.38 770.38
Canadian Dollar CAD 227 230
China Yuan CNY 40.28 40.67
Danish Krone DKK 41.09 41.48
Hong Kong Dollar HKD 36.55 36.9
Indian Rupee INR 3.46 3.57
Japanese Yen JPY 1.98 2.06
Kuwaiti Dinar KWD 931.55 940.54
Malaysian Ringgit MYR 62.19 62.78
New Zealand Dollar NZD 174.18 176.19
Norwegians Krone NOK 25.88 26.18
Omani Riyal OMR 744.53 752.53
Qatari Riyal ‎QAR 78.72 79.42
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.34 317.84
Thai Bhat THB 8.23 8.38

Today's gold rates in Pakistan | gold price in Pakistan – June 9, 2023

Gold Rate Today:

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 227,250 on Friday. The price of 10 grams of 24k gold was recorded at Rs194,830.   

Likewise, 10 grams of 22k gold were being traded for Rs178,593 while a single tola of 22-karat gold was being sold at Rs 208,311.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Gold Price in Pakistan: Lahore, Karachi, Islamabad

City Gold Silver
Lahore PKR 227,250 PKR 2125
Karachi PKR 227,250 PKR 2125
Islamabad PKR 227,250 PKR 2125
Peshawar PKR 227,250 PKR 2125
Quetta PKR 227,250 PKR 2125
Sialkot PKR 227,250 PKR 2125
Attock PKR 227,250 PKR 2125
Gujranwala PKR 227,250 PKR 2125
Jehlum PKR 227,250 PKR 2125
Multan PKR 227,250 PKR 2125
Bahawalpur PKR 227,250 PKR 2125
Gujrat PKR 227,250 PKR 2125
Nawabshah PKR 227,250 PKR 2125
Chakwal PKR 227,250 PKR 2125
Hyderabad PKR 227,250 PKR 2125
Nowshehra PKR 227,250 PKR 2125
Sargodha PKR 227,250 PKR 2125
Faisalabad PKR 227,250 PKR 2125
Mirpur PKR 227,250 PKR 2125

Daily Pakistan diligently monitors and updates the current gold rates in Pakistan on a daily basis

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