BEIJING - China has reopened its borders to international travelers for the first time since it imposed strict travel restrictions in March 2020 in the wake of Covid-19.
As per latest guidelines effective January 8th, arriving passengers will no longer need to quarantine but will still require proof of a negative PCR test taken within 48 hours of traveling.
Observers are expecting rush of visitors especially from Hong Kong in the upcoming weeks to let people in the country move to the Guangdong province of China and other regions to reunite with families. On Sunday, more than 36,000 people from Hong Kong departed the city via its land borders according to official figures.
On Sunday, China resumed issuing passports and travel visas for mainland residents, and ordinary visas and residence permits for foreigners as well.
Over the past three years, China had imposed one of the world’s strictest Covid restrictions including lockdowns and frequent testing which dent a blow to its economy.
While China is easing the restrictions, countries are increasingly ramping up measures for visitors especially from China. For example countries like the US and Italy besides others have announced that they will test the passengers coming from China, drawing sharp criticism from Beijing.
International health experts including the ones from World Health Organization (WHO) are skeptical of the data shown by China of victims of new variant of Covid-19, alleging that the country was underreporting. On the other hand, Beijing has taken aims at what it says 'discrimination' regarding its visitors.
ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.
During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.
Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.
Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.
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 205,900||PKR 2,370|
|Karachi||PKR 205,900||PKR 2,370|
|Islamabad||PKR 205,900||PKR 2,370|
|Peshawar||PKR 205,900||PKR 2,370|
|Quetta||PKR 205,900||PKR 2,370|
|Sialkot||PKR 205,900||PKR 2,370|
|Attock||PKR 205,900||PKR 2,370|
|Gujranwala||PKR 205,900||PKR 2,370|
|Jehlum||PKR 205,900||PKR 2,370|
|Multan||PKR 205,900||PKR 2,370|
|Bahawalpur||PKR 205,900||PKR 2,370|
|Gujrat||PKR 205,900||PKR 2,370|
|Nawabshah||PKR 205,900||PKR 2,370|
|Chakwal||PKR 205,900||PKR 2,370|
|Hyderabad||PKR 205,900||PKR 2,370|
|Nowshehra||PKR 205,900||PKR 2,370|
|Sargodha||PKR 205,900||PKR 2,370|
|Faisalabad||PKR 205,900||PKR 2,370|
|Mirpur||PKR 205,900||PKR 2,370|