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China is likely to establish military bases in Pakistan: Pentagon report

12:03 PM | 7 Jun, 2017
China is likely to establish military bases in Pakistan: Pentagon report
WASHINGTON - In order to expand its military capabilities across the world, China is likely on way to establish overseas military bases "in countries with which it has a longstanding friendly relationship and similar strategic interests, such as Pakistan" to protect its interest abroad, a Pentagon report said.

Defence Expenditures


The US defence department released a 94-page annual report showing advancement made by Chinese military in 2016. It added that China spent $180 billion on the People's Liberation Army during the last year surpassing the defence budget figure of $140.4 billion.

According to the report, "China’s expanding international economic interests are increasing demands for the PLAN to operate in more distant maritime environments to protect Chinese citizens, investments, and critical sea lines of communication (SLOC)".

It further said, "China’s overseas military basing may be constrained by the willingness of countries to support a PLA presence in one of their ports".

"This initiative, along with regular naval vessel visits to foreign ports, both reflects and amplifies China’s growing influence, extending the reach of its armed forces."

First Chinese Overseas Military Base


In February 2016, China began construction on its first overseas military base in Djibouti, a strategic location, where US already has military base, at the southern entrance to the Red Sea on the route to the Suez Canal.



Arms Export


"From 2011 to 2015, China was the world’s fourth largest arms supplier, with more than $20 billion in sales. Of this, $9 billion was to Asia-Pacific countries, primarily Pakistan. Sub-Saharan Africa was China’s second largest regional arms market," the report added.


Last year, China inked an agreement with Pakistan for the sale of eight submarines. The first four will be built in China, with the remaining four in Pakistan.



US Military Bases


The United States is the largest operator of military bases abroad, with 38 "named bases" having active-duty, national guard, reserve, or civilian personnel as of September 30, 2014. Its largest, in terms of personnel, was Ramstein AB, in Germany, with almost 9,200 personnel.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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