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Historic as Pakistan starts border trade with Kazakhstan via Silk Route

06:25 PM | 4 Jun, 2023
Historic as Pakistan starts border trade with Kazakhstan via Silk Route
Source: File Photo

ISLAMABAD – Trade and economic ties are gradually expanding between Pakistan and Kazakhstan, and in a recent development, Islamabad has sent its first transit consignment to the Central Asian nation via the historic Silk Route.

The two sides ushered in a new era of trade border trade was started under Quadrilateral Traffic in Transit Agreement (QTTA) signed between Pakistan, Kazakhstan, China, and Kyrgyzstan.

Two sides also marked the start of a new era at the Silk Route Dry Port (SRDP) which is located near Khunjerab Pass. The Ambassador of Kazakhstan to Pakistan, Gilgit Baltistan Commerce Minister, Collector Customs, and other officials attended the ceremony.

The first transit consignment will move through China to Almaty, Kazakhstan’s trading hub. The new route cuts trade time and costs and is said to be a promising avenue for regional nations including Pakistan.

As of June 2023, trade volume between the two sides stands at $219 million, which experts say is less than its true potential as the South Asian nation shares a huge market with the EU, Gulf regions, and the US.

Under the Quadrilateral Traffic in Transit Agreement (QTTA), the two sides can rake in historic gains with trade between Central Asia and the Gwadar Port.

Pakistan and Kazakhstan earlier signed several agreements to promote trade, investment, and economic cooperation. Key areas of collaboration include agriculture, energy, pharmaceuticals, textiles, and tourism.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 25, 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 September 25, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 292 295.15
Euro EUR 317 317
UK Pound Sterling GBP 372.5 376
U.A.E Dirham AED 81.5 82.3
Saudi Riyal SAR 78.55 79.3
Australian Dollar AUD 198 200
Bahrain Dinar BHD 781.13 789.13
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.22 40.62
Danish Krone DKK 42.35 42.75
Hong Kong Dollar HKD 317 320
Indian Rupee INR 37.93 38.28
Japanese Yen JPY 1.92 1.99
Kuwaiti Dinar KWD 951.03 960.03
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.23 176.23
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.72 770.72
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 217 219
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 325.12 327.62
Thai Bhat THB 8.31 8.46

Gold Rate in Pakistan Today – September 25, 2023

Today Gold Rate in Pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 214,700 on Monday. The price of 10 grams of 24k gold was recorded at Rs184,070.

Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

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.

Today Gold Price in Pakistan - 25 September 2023

City Gold Silver
Lahore PKR 214,700 PKR 2,590
Karachi PKR 214,700 PKR 2,590
Islamabad PKR 214,700 PKR 2,590
Peshawar PKR 214,700 PKR 2,590
Quetta PKR 214,700 PKR 2,590
Sialkot PKR 214,700 PKR 2,590
Attock PKR 214,700 PKR 2,590
Gujranwala PKR 214,700 PKR 2,590
Jehlum PKR 214,700 PKR 2,590
Multan PKR 214,700 PKR 2,590
Bahawalpur PKR 214,700 PKR 2,590
Gujrat PKR 214,700 PKR 2,590
Nawabshah PKR 214,700 PKR 2,590
Chakwal PKR 214,700 PKR 2,590
Hyderabad PKR 214,700 PKR 2,590
Nowshehra PKR 214,700 PKR 2,590
Sargodha PKR 214,700 PKR 2,590
Faisalabad PKR 214,700 PKR 2,590
Mirpur PKR 214,700 PKR 2,590

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