Search

x
Join our whatsapp channel for News Updates

China quells rumors about western route of CPEC

12:30 PM | 7 Oct, 2016
China quells rumors about western route of CPEC
ISLAMABAD (Web Desk) - The Chinese Embassy has clarified the rumours looming over the western route of the multi-billion dollars China-Pakistan Economic Corridor (CPEC) in a statement.

Multiple media outlets reported that the Chinese Ambassador to Pakistan informed Chief Minister Khyber Pakhtunkhwa and KP government that western route doesn't exist in China-Pakistan Economic Corridor (CPEC). Reflecting the rumours the Chinese Embassy has termed such news as "misreporting"

"On November 12th, 2015, the 5th meeting of Joint Cooperation Committee (JCC) of CPEC approved the principle of "one corridor with multiple passages", aiming at directly benefiting the socio-economic development of Pakistan, especially the western and north-western regions and providing effective connectivity to Gwadar Port" the statement said.

"The Monographic Study of Transport Plan, approved in 5th JCC, clearly mentions that Burhan-D.I.Khan-Quetta-Sorab section will provide much-needed connectivity between major connection points of CPEC and will connect the western areas of Pakistan. CPEC is for Pakistan as a whole and will bring benefits to all Pakistani people including the people from the western parts" the statement added.

It also said that the development work on the western route was still on and the project would benefit whole of Pakistan.

The KP government had shown concerns over the reports that the corridor would merely benefit the province. PPP lawmaker Aitzaz Ahsan also dubbed CPEC as "China Punjab Economic Corridor".

 

 

The writer is a civil servant.

Advertisement

Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter