ISLAMABAD – Over one billion dollars of Chinese investment is expected in Gwadar Free Zone phase two inaugurated by Prime Minister Imran Khan, Minister for Planning and Development Asad Umar said Tuesday.
Speaking with media persons in Gwadar, the ruling party member said that China is interested in investing over $1 billion in this mega project. The South Balochistan project was 35 times bigger than the Phase-1 of the North free zone of Gwadar, he added.
— Radio Pakistan (@RadioPakistan) July 6, 2021
At least 53 development projects worth over Rs600 billion have been included in the development programme of the current fiscal year (2021-22), the Public Sector Development Programme (PSDP) contains around Rs1200 billion development projects for Balochistan, the former Finance Minister said.
Asad opined that it is for the first time that such development works were being executed in Balochistan under the leadership of Prime Minister Imran Khan, adding that all this was being done in coordination with the Balochistan government.
Sharing further details about the development project in the country’s largest province by land, he stated that record development is being carried out in Balochistan province on the instructions of the premier.
On Monday, PM Imran Khan inaugurated the Gwadar Free Zone Phase 2 and Expo Center, Agriculture Industrial Park, besides three other factories. Khan also attended the signing of various MOUs for constructing a state-of-the-art hospital, airport, and vocational institutes.
Gwadar International Airport would boost regional trade and increase economic activity, he said while emphasizing the significance of the region.
Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.
US dollar was being quoted at 277.4 for buying and 280.35 for selling.
Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.35 |
Euro | EUR | 297 | 299.5 |
UK Pound Sterling | GBP | 348.5 | 352 |
U.A.E Dirham | AED | 75.25 | 76 |
Saudi Riyal | SAR | 73.5 | 74.25 |
Australian Dollar | AUD | 181 | 183 |
Bahrain Dinar | BHD | 747.77 | 755.77 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.49 | 38.89 |
Danish Krone | DKK | 40.25 | 40.65 |
Hong Kong Dollar | HKD | 35.96 | 36.31 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.91 | 1.99 |
Kuwaiti Dinar | KWD | 913.28 | 922.28 |
Malaysian Ringgit | MYR | 58.69 | 59.29 |
New Zealand Dollar | NZD | 169.45 | 171.45 |
Norwegians Krone | NOK | 25.67 | 25.97 |
Omani Riyal | OMR | 730.59 | 738.59 |
Qatari Riyal | QAR | 76.41 | 77.11 |
Singapore Dollar | SGD | 203 | 205 |
Swedish Korona | SEK | 25.67 | 25.97 |
Swiss Franc | CHF | 309.01 | 311.51 |
Thai Bhat | THB | 7.57 | 7.72 |
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