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PM Abbasi inaugurates $1.4 billion Deep Water Container Terminal at Karachi Port

Web Desk 08:56 PM | 12 May, 2018
PM Abbasi inaugurates $1.4 billion Deep Water Container Terminal at Karachi Port
KARACHI - Prime Minister Shahid Khaqan Abbasi formally opened the most advanced Deep Water Container Terminal in the region at Karachi port yesterday.

“The Deep Water Container Terminal has made Pakistan a major hub for regional countries,” the premier said, adding that the port would also connect Pakistan to the rest of the world.

The high-tech terminal, supervised by Karachi Port Trust (KPT), is built at a cost of $1.4 billion.

The port had successfully handled four of world’s largest containerships during test operations on December 9, 2016.

It is capable of handling mother vessels having a loaded capacity of up to 18,000 20-foot containers, terminal officials reported earlier.

The port has a capacity of handling 3.1 million TEUs (Twenty Feet Equivalent Unit) per annum, higher than the previous capacity of all container terminals in the country of 2.5 million TEUs.

The terminal was named as Hutchison Ports Pakistan, which is a public-private partnership of Karachi Port Trust (KPT) and Hong-Kong-based Hutchison Ports.

“The terminal will be a key component (of the) overall CPEC system, assisting and facilitating CPEC developments in Pakistan, which governments of both Pakistan and China are pursing vigorously,” Abbasi said.

Assuring KPT employees that their issues would be resolved on a priority basis, the prime minister announced a bonus equaling one-month salary to all workers on the successful launch of the Hutchison Port Pakistan.

He said that he was announcing this in the presence of Finance Minister Miftah Ismail.

Besides, the port would also include KPT’s integrated power project, encompassing an LNG terminal, along with four 600-megawatt power plants and a desalination plant capable of producing over 50 million gallons of clean water.

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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 February 9, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 276.9 280.15
Euro EUR 294.7 297.7
UK Pound Sterling GBP 331 334.2
U.A.E Dirham AED 75.3 76
Saudi Riyal SAR 73.2 73.9
Australian Dollar AUD 191.3 193.7
Bahrain Dinar BHD 732.35 740.35
Canadian Dollar CAD 205 207.2
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2 2.16
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 173.63 175.63
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.53 723.57
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 298.06 300.56
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs193,700 on Thursday. The price of 10 grams of 24k gold was recorded at Rs166,070.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 193,700 PKR 2,350
Karachi PKR 193,700 PKR 2,350
Islamabad PKR 193,700 PKR 2,350
Peshawar PKR 193,700 PKR 2,350
Quetta PKR 193,700 PKR 2,350
Sialkot PKR 193,700 PKR 2,350
Attock PKR 193,700 PKR 2,350
Gujranwala PKR 193,700 PKR 2,350
Jehlum PKR 193,700 PKR 2,350
Multan PKR 193,700 PKR 2,350
Bahawalpur PKR 193,700 PKR 2,350
Gujrat PKR 193,700 PKR 2,350
Nawabshah PKR 193,700 PKR 2,350
Chakwal PKR 193,700 PKR 2,350
Hyderabad PKR 193,700 PKR 2,350
Nowshehra PKR 193,700 PKR 2,350
Sargodha PKR 193,700 PKR 2,350
Faisalabad PKR 193,700 PKR 2,350
Mirpur PKR 193,700 PKR 2,350

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