JEDDAH – Saudi Arabia has planned to launch a high-speed transportation system between Jeddah and Makkah that is expected to cut the journey times between the cities to only five minutes.
For this, the kingdom will avail the services of the US-based company Virgin Hyperloop, which made history in 2020 by completing its first successful passengers test. The distance between Jeddah and Makkah is about 80 kilometers.
It will take the new transportation system less than one hour to complete journey between Riyadh and Jeddah, which usually takes hours by road.
Virgin Hyperloop uses a ‘near-vacuum’ environment within a tube, which enables high speeds, low power consumption, and almost completely removes aerodynamic drag. Inside the tube, battery-powered pods glide at speeds of up to 1078kms. For passengers on board, it’s a comfortable, quiet and safe experience, the company said in a blog.
These innovations not only allow pods to travel at ultra-fast speeds but also provide on-demand, direct-to-destination service. Hyperloop will carry tens of thousands of passengers per direction per hour at aeroplane speeds, with zero direct emissions.
Saudi Arabia will be the first country to launch the hyperloop technology. Reports said it will cut the travel time between Riyadh and Dubai to 51 minutes only.
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 29, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||353.3||357|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.58||176.58|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Friday.
The price of 10 grams of 24k gold was recorded at Rs 176,270. 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.
|Lahore||PKR 205,600||PKR 2,465|
|Karachi||PKR 205,600||PKR 2,465|
|Islamabad||PKR 205,600||PKR 2,465|
|Peshawar||PKR 205,600||PKR 2,465|
|Quetta||PKR 205,600||PKR 2,465|
|Sialkot||PKR 205,600||PKR 2,465|
|Attock||PKR 205,600||PKR 2,465|
|Gujranwala||PKR 205,600||PKR 2,465|
|Jehlum||PKR 205,600||PKR 2,465|
|Multan||PKR 205,600||PKR 2,465|
|Bahawalpur||PKR 205,600||PKR 2,465|
|Gujrat||PKR 205,600||PKR 2,465|
|Nawabshah||PKR 205,600||PKR 2,465|
|Chakwal||PKR 205,600||PKR 2,465|
|Hyderabad||PKR 205,600||PKR 2,465|
|Nowshehra||PKR 205,600||PKR 2,465|
|Sargodha||PKR 205,600||PKR 2,465|
|Faisalabad||PKR 205,600||PKR 2,465|
|Mirpur||PKR 205,600||PKR 2,465|