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Pakistan buying 48 high-end military drones from China: report

Haider Ali 12:15 PM | 9 Oct, 2018
Pakistan buying 48 high-end military drones from China: report
BEIJING - Pakistan's 'all-weather ally' China will sell 48 high-end military drones to Pakistan in a deal that is being perceived as one of the biggest deals in recent times.

According to a report by moneycontrol, Wing Loong II, a high-end reconnaissance, strike and multi-role endurance unmanned aircraft system, is manufactured by Chengdu Aircraft Industrial (Group) Company; it made its maiden flight in February last year.

In future, the Unmanned Aerial Vehicle (UAV) will also be jointly manufactured, as per the reports carried by Chinese state-run Global Times.

The Pak-China deal comes on the heels of India's move to acquire S-400 sophisticated missile defence systems from Russia; the deal was brokered during recent visit of Russian President Vladimir Putin to New Delhi.

The deal for the acquisition of Chinese drones was announced by Pakistan Air Force's Sherdils Aerobatic Team on its official Facebook account on Sunday, however, the exact worth of the deal was not revealed.

The air force academy aerobatics team announced the deal regarding the drones though Chengdu Aircraft Industrial Group did not confirm when the deal was reached.

China is the largest supplier of the weapon system to the Pakistan Army; both the countries also jointly manufacture JF-Thunder, a single engine multi-role combat aircraft.

According to military expert and TV commentator, Song Zhongping the deal involving as many as 48 Wing Loong IIs, if confirmed, would be China's largest export deal for drones to date.

The deal is trustworthy given the close military ties between the two countries and Pakistan's need for drones, Song said.

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 June 4, 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 June 4, 2023 (Sunday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 298.9 302.15
Euro EUR 321 325
UK Pound Sterling GBP 375.5 380
U.A.E Dirham AED 82 83
Saudi Riyal SAR 80 81.2
Australian Dollar AUD 202 204
Bahrain Dinar BHD 758.24 766.24
Canadian Dollar CAD 228 230
China Yuan CNY 40.18 40.58
Danish Krone DKK 41.16 41.56
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2 2.08
Kuwaiti Dinar KWD 927 936
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 173.16 175.16
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.5 748.5
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan | gold price in Pakistan – June 4, 2023

Gold Rate In Pakistan Today:

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,800 on Sunday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

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.

Gold Price in Pakistan: Lahore, Karachi, Islamabad

City Gold Silver
Lahore PKR 230,800 PKR 2125
Karachi PKR 230,800 PKR 2125
Islamabad PKR 230,800 PKR 2125
Peshawar PKR 230,800 PKR 2125
Quetta PKR 230,800 PKR 2125
Sialkot PKR 230,800 PKR 2125
Attock PKR 230,800 PKR 2125
Gujranwala PKR 230,800 PKR 2125
Jehlum PKR 230,800 PKR 2125
Multan PKR 230,800 PKR 2125
Bahawalpur PKR 230,800 PKR 2125
Gujrat PKR 230,800 PKR 2125
Nawabshah PKR 230,800 PKR 2125
Chakwal PKR 230,800 PKR 2125
Hyderabad PKR 230,800 PKR 2125
Nowshehra PKR 230,800 PKR 2125
Sargodha PKR 232,500 PKR 2125
Faisalabad PKR 232,500 PKR 2125
Mirpur PKR 232,500 PKR 2125

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