Gawadar to be made new division of Pakistan railways, announces Sheikh Rasheed

07:52 PM | 9 Sep, 2018
Gawadar to be made new division of Pakistan railways, announces Sheikh Rasheed
LAHORE - Federal Minister for Railways Sheikh Rashid has announced that Gwadar would be made the eighth division of railways and the ministry would give extra benefits to those officials who are willing to work for the development of railways in the port city.

Addressing a press conference at the Railways Headquarters on Saturday, the minister announced that a 700km Quetta-Taftan railway track would soon be completed to improve ties with neighbouring Iran.

Pakistan Railways was a backbone of CPEC projects, Rasheed said and added that Gawadar would be a hub for economic activities. "We would increase land for railways from 250 acres to 300 acres."

He stated that the ministry would discourage single bidding in upcoming projects of railways and encourage open competition in awarding the tender.

The minister showed his willingness to work with National Logistics Cell and Frontier Works Organisation, saying that by working with these agencies the money will remain in the national kitty.

“I am committed to take railways out of deficit within one year, for which we are focusing on our freight sector," Sheikh Rasheed said.

"We are signing agreements with many companies to use railways infrastructure and soon we will start a world-class courier and freight service too,” he added.

The Pakistan Railways is scheduled to inaugurate two passenger trains – Margalla and Mianwali express – on September 14, which would run between Lahore-Rawalpindi and Rawaplindi- Mianwali junctions simultaneously. “We will run two more passenger trains in coming months,” the minister informed.

One train will run between Mohenjo-daro, Sindh to Kotri and the other between Peshawar and Karachi junctions. “Pakistan Express that started 12 years ago in my tenure is the most successful train and these new trains will also prove effective,” he hoped.

Rasheed also announced to provide Rs100 million annually for the construction of dams as a contribution from Railways.

“On Rs100 ticket the ministry will charge Re1 extra and Rs2 on more than Rs100 ticket. For air-conditioned sleeper coaches, the fare will be increased up to Rs10,” the minister announced.


Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696


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