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China quietly removes ambassador's 'Rename CPEC' statement from embassy website

Haider Ali 12:37 PM | 9 May, 2017
China quietly removes ambassador's 'Rename CPEC' statement from embassy website
BEIJING - The Chinese embassy website quietly removed the statement made by ambassador Luo Zhaohui from his speech in which he extended an offer to India suggesting a name change for China-Pakistan Economic Corridor.

Just a day after the statement of ambassador made headlines across Pakistan and China, the Chinese authorities seemed to have dropped the idea of renaming the multi-billion dollar economic corridor as the ambassador to India Luo Zhaohui speech posted on embassy's website contains everything except the particular statement 'Even we can think about renaming the CPEC'.

The offer was reportedly made by ambassador Zhaohui in a speech to the United Service Institution (USI) in New Delhi on Friday, according to Zee News.

Stating that the CPEC is for promoting economic cooperation on connectivity, Luo claimed that it has “no connections to or impact on sovereignty issues”.

“It (CPEC) has no connections to or impact on sovereignty issues. Even we can think about renaming the CPEC. China and India have had successful experience of delinking sovereignty disputes with bilateral relations before. China is sincere in its intention to cooperate with India on the One Belt One Road (OBOR) initiative, as it is good for both of us,” he had said.

Screenshot of Ambassador Luo’s original speech

The embassy website originally carried the statement of its ambassador but as soon as it faced backlash, apparently for inking the prodigious project with Pakistan and suggesting a name change, the statement was removed.

 

'Renaming CPEC' statement deleted from Lui's speech

It was also reported by a leading daily in Pakistan that Ministry of Planning and Development had written a letter to Chinese authorities in Islamabad over the issue.

“We are awaiting Chinese clarification on this situation,” the officials were quoted by Geo News as saying on Monday.

Pakistan's pursuit of clarification seemed to have worked as the statement was expunged from the speech.

On April 20, 2015, Pakistan and China signed an agreement to commence work on the USD 46 billion agreement, with approximately USD 28 billion worth of fast-tracked projects to be developed by the end of 2018.

The ruling PML-N and especially the premier Nawaz Sharif repeatedly term CPEC a game changer for the region. Pakistan's military establishment is on the same page with the civilian government and has assured to provide foolproof security for the completion of the project.

Haider Ali

The writer is a civil servant.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 30, 2023

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 March 30, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 305.5 308.5
UK Pound Sterling GBP 348 351.5
U.A.E Dirham AED 77 77.7
Saudi Riyal SAR 75.5 76.3
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206 208.2
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 30 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Thursday.The price of 10 grams of 24k gold was recorded at Rs178,070.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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.

City Gold Silver
Lahore PKR 207,700 PKR 2,470
Karachi PKR 207,700 PKR 2,470
Islamabad PKR 207,700 PKR 2,470
Peshawar PKR 207,700 PKR 2,470
Quetta PKR 207,700 PKR 2,470
Sialkot PKR 207,700 PKR 2,470
Attock PKR 207,700 PKR 2,470
Gujranwala PKR 207,700 PKR 2,470
Jehlum PKR 207,700 PKR 2,470
Multan PKR 207,700 PKR 2,470
Bahawalpur PKR 207,700 PKR 2,470
Gujrat PKR 207,700 PKR 2,470
Nawabshah PKR 207,700 PKR 2,470
Chakwal PKR 207,700 PKR 2,470
Hyderabad PKR 207,700 PKR 2,470
Nowshehra PKR 207,700 PKR 2,470
Sargodha PKR 207,700 PKR 2,470
Faisalabad PKR 207,700 PKR 2,470

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