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Pakistan offers India to take advantage of CPEC on 10th anniversary

11:07 PM | 5 Jul, 2023
Pakistan offers India to take advantage of CPEC on 10th anniversary

ISLAMABAD – Prime Minister Shehbaz Sharif, on the completion of 10 years of the China-Pakistan Economic Corridor (CPEC), has asked neighbouring India to take benefit of the mega project instead of creating obstacles in its way.

Highlighting the significance of project, he said Iran, Afghanistan, the Middle East and the whole region would also benefit from it.

“CPEC is a beautiful plan to connect not only regions and areas but also people’s hearts,” he said in a statement issued by the PM Office on Wednesday.

The prime minister vowed to double the pace of the development as it was not only for improving roads, rail, sea ports and air routes, but it would also help health, education and skill development areas, besides masses’ participation in the process.

Terming it a game changer for the whole region, the prime minister said CPEC would have a positive impacts on the people’s living standards in the region.

PM Shehbaz congratulated the leadership and the people of Pakistan and China on 10 years completion of CPEC, which was a new chapter of the evergreen and trusted strategic cooperative partnership between the two iron brothers.

He said the project was a tremendous example of great Chinese leader Xi Jinping and PML-N Quaid Muhammad Nawaz Sharif’s vision of “development for all”.

“The Belt and Road initiative is the manifestation of Chinese President Xi’s vision of peace, friendship, and economic partnership.”

He regretted that during the four years of previous government, hurdles were created in the way of the project, besides levelling baseless allegations against a great friend like China.

“The enemies of CPEC are against peace, development and prosperity in Pakistan and the region, as they do not want to eradicate poverty from the country,” he added.

CPEC, he said, also initiated a new era of mutual partnership between Pakistan and China, and fortified their bilateral relationships.

PM Shehbaz said CPEC encompassed multiple projects ranging from provision of water to education, and technical and skilled-based training.

With the construction of nine Special Economic Zones (SEZs), new technology would be transferred to Pakistan, which would ultimately help increase local production, he said.

The prime minister also highlighted the impacts of the project on the effectiveness of the National Disaster Management Authority (NDMA) and early warning system for natural disasters as they were parts of CPEC.

Similarly, he said, the agriculture related projects had also been included in CPEC to ensure food security.

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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