Ahead of the game at OBOR Summit

Shanzay Minhal Mustafa 01:15 PM | 15 May, 2017
Ahead of the game at OBOR Summit
In continuation of Pakistan’s delegation’s visit to China, Chief Minister Punjab’s engagements also gained momentum. There is no denying that Pakistan enjoys great harmony and bilateral relations with Turkey. This was reaffirmed and demonstrated again as the Prime Minister of Pakistan Nawaz Sharif and Chief Minister Punjab Shehbaz Sharif met Turkish President Recep Tayyip Erdogan on the Chinese soil. In meeting with the Turkish President, matters of mutual interest, enhancing Pak-Turk relations and improving cooperation in different sectors were discussed.

Chief Minister Punjab especially mentioned that he was greatly pleased to meet his ‘dear brother’ Erdogan in Beijing. The meeting was followed by world media.

"Turkey and Pakistan are moving towards development and prosperity hand in hand. Current prosperity in Turkey is a result of your vigorous leadership and Turkish government's hard work, the spirit of social welfare and exemplary vision." –Chief Minister Punjab.

Tweeted CM Shehbaz:

‘Had very fruitful meetings with President Xi Jinping & Premier Li on the sideline of Belt & Road Forum. Discussed ways to benefit from OBOR Initiative.... Meeting with President Erdogan in Beijing was an occasion to talk about massive opportunities available under OBOR for Pak-Turkey ties to benefit from.... Pak-China & Pak-Turkey relations under OBOR Initiative have been revitalised. Our peoples will gain massively from it – ss’

Another significant event was the Pakistani delegation’s meeting with China's delegation from National Energy Administration (NEA) led by Mr Nur Bekri. Not only that, MoU signing with NEA regarding the roadmap for power projects under CPEC was also witnessed by PM Nawaz, CM Shehbaz and others.

On this occasion, Chief Minister Punjab represented Punjab and said Punjab is facilitating development of Independent Power Projects (IPPs) and public power projects development with an aggregate capacity of more than 8,000 MW. Projects he mentioned include 1320 MW Sahiwal Coal Fired Power Plant (CFPP), 660 MW Muzaffargarh CFPP, 1320 RahimYar Khan CFPP, 660 MW Rahim Yar Khan CFPP and 1000 MW Quaid e Azam Solar Power Park.

Today’s engagements hold great importance as well, not only for the province but also for the global image of Pakistan. Chief Minister Punjab attended the inaugural session of "One Belt One Road (OBOR)" Summit at China National Convention Center (CNCC) along with Chief Ministers and federal ministers. Chief Minister Punjab Shehbaz Sharif also delivered a speech on ‘connectivity of people’ at a ‘Thematic Session on People-to-People connectivity’ at BRF 2017. In his address, the Chief Minister mentioned that the Belt and Road Summit provides a wonderful forum to boost cooperation, build cooperative frameworks & share cooperation outcomes. Acknowledging President Xi Jinping’s Belt and Road Initiative, CM called it an innovative and trailblazing concept. He added that Pakistan considers President Xi’s initiative not only bold and futuristic but also epic and historic.

Before the address, Chief Minister Shehbaz was interviewed by People’s Daily China. He also spoke to China Radio International (CRI) and congratulated the country on the successful organisation of One Belt One Road Summit’ 2017.

Conclusively, the way this Summit and its long-term effects are being acknowledged by the world leaders, it is becoming clearer that the OBOR Summit holds immeasurable importance for Pakistan. Not to be neglected, Chief Minister Punjab, so far, has been able to play an integral role by talking about connectivity, opportunity, stability and peace on all possible forums at the summit.

Nonetheless, all these events contribute to the realisation that the time has come for Pakistan to break free of anything causing hindrances to growth, cooperation and unity in today’s world. Acceptance and innovation are the keys. The world is changing, so should we!

Shanzay Minhal Mustafa

The writer is a student of Mass Communications at Punjab University and a blogger


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 January 28, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 263.9 266.15
Euro EUR 275.75 278.5
UK Pound Sterling GBP 313 316
U.A.E Dirham AED 69.75 70.45
Saudi Riyal SAR 67.25 67.9
Australian Dollar AUD 178.5 180.9
Bahrain Dinar BHD 644.19 652.19
Canadian Dollar CAD 187.5 189.70
China Yuan CNY 35.71 36.11
Danish Krone DKK 35.38 35.78
Hong Kong Dollar HKD 30.94 31.29
Indian Rupee INR 2.97 3.08
Japanese Yen JPY 2.50 2.54
Kuwaiti Dinar KWD 793.10 802.15
Malaysian Ringgit MYR 57.02 57.62
New Zealand Dollar NZD 156.69 158.69
Norwegians Krone NOK 24.46 24.76
Omani Riyal OMR 629.39 637.39
Qatari Riyal ‎QAR 66.54 67.24
Singapore Dollar SGD 184.38 186.38
Swedish Korona SEK 25.31 23.81
Swiss Franc CHF 263.01 265.51
Thai Bhat THB 7.38 7.53

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs204,100 on Saturday. The price of 10 grams of 24k gold was recorded at Rs174,990.

Likewise, 10 grams of 22k gold were being traded for Rs157,300 while a single tola of 22-karat gold was being sold at Rs 178,500.

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 204,100 PKR 2,220
Karachi PKR 204,100 PKR 2,220
Islamabad PKR 204,100 PKR 2,220
Peshawar PKR 204,100 PKR 2,220
Quetta PKR 204,100 PKR 2,220
Sialkot PKR 204,100 PKR 2,220
Attock PKR 204,100 PKR 2,220
Gujranwala PKR 204,100 PKR 2,220
Jehlum PKR 204,100 PKR 2,220
Multan PKR 204,100 PKR 2,220
Bahawalpur PKR 204,100 PKR 2,220
Gujrat PKR 204,100 PKR 2,220
Nawabshah PKR 204,100 PKR 2,220
Chakwal PKR 204,100 PKR 2,220
Hyderabad PKR 204,100 PKR 2,220
Nowshehra PKR 204,100 PKR 2,220
Sargodha PKR 204,100 PKR 2,220
Faisalabad PKR 204,100 PKR 2,220
Mirpur PKR 204,100 PKR 2,220


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