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World must recognize Pakistan’s sacrifices in the war against terrorism: Chinese Ambassador to Pakistan

09:14 PM | 5 Oct, 2017
World must recognize Pakistan’s sacrifices in the war against terrorism: Chinese Ambassador to Pakistan
LAHORE - Outgoing Chinese Ambassador Mr. Sun Weidong acknowledged Pakistan's efforts in the war against terrorism, stating that it was time for the rest of the world to recognize Pakistan's sacrifices, during a discussion with senior journalists here on Thursday.

Referring to the US’s current criticism of Pakistan, the ambassador maintained that China will continue supporting Pakistan in its fight against terrorism.

The Chinese ambassador clearly stated that China follows a policy of coexistence and would not interfere in Pakistan’s domestic affairs. "We want to see Pakistan as stable and prosperous, and respect the wishes of the Pakistani people", he asserted.

The Chinese ambassador additionally revealed that CPEC projects are being implemented on a "one plus four" model, "one" referring to the economic corridor, and "four" referring to the major areas of cooperation that both countries are focusing on right now, namely energy, infrastructure, Gwadar Port and industrial cooperation.

China Pakistan Economic Corridor is now beginning to bear fruit, after an investment of $18.5 billion dollars in eighteen projects, mainly related to energy and infrastructure, till now.

In the energy sector, the ambassador disclosed that 1,820 MW has already been added by China to Pakistan’s national grid during the last two years. Regarding infrastructure, China is building Karakoram Highway Phase II and Karachi to Peshawar Highway.

Mr Weidong also expressed satisfaction at the progress of bilateral relations between Pakistan and China during his four-year term in Pakistan.

“When I arrived in 2013, Premier Leqiang visited Pakistan and we agreed to build CPEC. So, in 2013 we started with a blueprint, started implementation and now we have entered the early harvest stage”, he explained.

Mr. Sun Weidong also thanked the Pakistani people and government for the "love and affection continuously extended to him during his four years in Pakistan".

Usman Mujib Shami is the Executive Editor of Daily Pakistan. He did his Masters in international Business from Hult University and his Bachelors from Institute of Business Administration, Karachi.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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