DUSHANBE (Staff Report) - The inaugural ceremony of Central Asia-South Asia-1000 (CASA-1000) power project was held on Thursday in Dushanbe in Tajikistan.
Prime Minister Nawaz Sharif, Tajikistan President Emomali Rahmon, Kyrgyzstan President Almazbek Atambayev and Afghanistan's Chief Executive Abdullah Abdullah launched the landmark power project.
On the occasion, an electricity pylon was erected on stage, while all four heads of states bolted one foot of the poll to formally start work on the project.
Afterwards, the leaders of all four participating countries were briefed about the key features of the project.
The moment we have been waiting for is here. #CASA1000 is inaugurated by the leaders from the 4 member nations. pic.twitter.com/aa7g3rJhiA
— Javid Faisal (@Javidfaisal) May 12, 2016
The CASA-1000 is a flagship project, and the first of its kind that will link the power grids of Pakistan, Afghanistan, Tajikistan and Kyrgyzstan.
Under the project, Tajikistan and Kyrgyzstan will supply 1300 megawatts of electricity to Pakistan and Afghanistan. The project is likely to be completed by 2018.
Earlier on Wednesday, at a meeting in Dushanbe, Prime Minister Nawaz Sharif and Tajik President Emomali Rahmon resolved to expand cooperation in diverse fields, particularly trade, energy and connectivity.
Nawaz Sharif said CASA-1000 will prove a significant boost to Pakistan, which has been striving to minimize its electricity shortage.
Nawaz Sharif said that the China-Pakistan Economic Corridor will provide new opportunities for enhanced connectivity and integration from Gwadar to Kashgar, besides providing a road link with Tajikistan through Murghab and other Central Asian states.
President Emomali Rahmon welcomed the development of China-Pakistan Economic Corridor, which will also facilitate connectivity between Pakistan and Tajikistan and other Central Asian States.
He acknowledged Pakistan's support to the request by Tajikistan to accede to the Quadrilateral Agreement on Traffic in Transit among China, Kazakhstan, Kyrgyzstan and Pakistan.
Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.
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.
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 |
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