Enhanced economic cooperation to benefit generations, reduce regional strife: PM Nawaz

Mahmood Idrees 03:23 PM | 15 May, 2017
Enhanced economic cooperation to benefit generations, reduce regional strife: PM Nawaz
BEIJING - Enhanced economic cooperation will not only benefit present and future generations, but also reduce regional tensions opening ways towards shared prosperity, said Prime Minister Nawaz Sharif.

The prime minister was speaking at a roundtable session on Connectivity Cooperation for Interconnected Development.

“In Pakistan, we are pursuing our vision of a peaceful, inter-connected and prosperous neighbourhood with great determination,” the prime minister said.

The “One Belt-One Road” (OBOR) was in fact the beginning of a new era for humanity, which has brought to poor regions in the belt-road countries, spectacular opportunities to break free from the vicious cycle of poverty and under-development, he added.

“The railroads, highways, ports and airports that are being built are redefining economic landscapes within countries and regions. Hinterlands are being connected with coasts. Big businesses are moving to less developed and neglected territories. And a new generation of entrepreneurs is being inspired.”

He further highlighted that China and Pakistan were jointly implementing the China-Pakistan Economic Corridor (CPEC) and reaping the early benefits of interconnected development.

"As we connect Xinjiang to Gwadar and Karachi, with pathways of the Corridor running through the entire territory of Pakistan, it creates new supply and logistic chains, as well as manufacturing networks. In fact, CPEC has infused Pakistan’s economy with new vitality and dynamism," he concluded.

Speaking at another round table on Policy Synergy for Closer Partnership, Nawaz Sharif said that Pakistan strongly favours cooperation and synergetic partnerships across regions for socioeconomic development and human prosperity.

“Against this backdrop, it is imperative that we appreciate the “Belt and Road” initiative in its proper perspective of interconnected development. OBOR, as we know, is now turning into the centre of gravity for half of the world’s economies – in Asia, in Africa and in Europe,” he said.

All nations are concerned about the existing and emerging threats of terrorism, refugee movements, mass migration, food security and water shortages, Sharif said, adding, “I am confident that with OBOR in place, we would be able to turn the tide of these threats”.

He said there is need of policy synergy at yet another level. The new OBOR family and the wider international community should coordinate and synergise their initiatives to create and enhance the space for cooperation.

He also applaud China for taking this historic initiative, which now has the complete ownership of all participating countries.


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 31, 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 March 31, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.8 286.6
Euro EUR 306 309
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 79.9
Saudi Riyal SAR 75.6 76.4
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.

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 208,200 PKR 2,470
Karachi PKR 208,200 PKR 2,470
Islamabad PKR 208,200 PKR 2,470
Peshawar PKR 208,200 PKR 2,470
Quetta PKR 208,200 PKR 2,470
Sialkot PKR 208,200 PKR 2,470
Attock PKR 208,200 PKR 2,470
Gujranwala PKR 208,200 PKR 2,470
Jehlum PKR 208,200 PKR 2,470
Multan PKR 208,200 PKR 2,470
Bahawalpur PKR 208,200 PKR 2,470
Gujrat PKR 208,200 PKR 2,470
Nawabshah PKR 208,200 PKR 2,470
Chakwal PKR 208,200 PKR 2,470
Hyderabad PKR 208,200 PKR 2,470
Nowshehra PKR 208,200 PKR 2,470
Sargodha PKR 208,200 PKR 2,470
Faisalabad PKR 208,200 PKR 2,470


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