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CPEC becomes reality as first Chinese ship docks at Gwadar port

04:34 PM | 16 Oct, 2016
CPEC becomes reality as first Chinese ship docks at Gwadar port
GWADAR - First Chinese ship finally docked on Sunday at Gwadar port that is center of $46 billion China-Pakistan Economic Corridor project between Beijing and Islamabad.

The project is the beginning of a journey of prosperity of Pakistan. The CPEC is about 3000 kilometres long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to rest of the world through Pakistan’s Gwadar port.

Pakistan to get eight stealth attack submarines from China

The arrival of first Chinese ship comes a day after analysts indicated that China may speed up the construction of CPEC, which passes through Azad Kashmir if Pakistan was isolated and cornered by India.



“China has to discuss with Pakistan about the current situation on how to handle and how to come out it,” said Chinese scholar, Hu Shisheng, Director of the China Institutes of Contemporary International Relations affiliated to the Chinese Foreign Ministry.

China warns of ‘speeding up' CPEC construction if Pakistan is cornered by India

Mr. Hu was speaking about threats of Pakistan’s isolation in the region and postponement of the SAARC summit after the Uri terror attack in which 19 Indian soldiers were killed.

“China has to further enhance relations with Pakistan if it feels cornered. A cornered regime sometimes will be more desperate, which will not be conducive to political development within Pakistan.

“If Pakistan feels isolated from South Asia, then China will speed up CPEC to instill confidence in Islamabad,” he added.

To strengthen economic activities at the Gwadar port, Prime Minister Nawaz Sharif has recently unveiled five developmental projects for Gwadar.

These are Free Trade Zone, Business Complex of Gwadar Port Authority, Pak-China Government Primary School Faqir Colony, Sawar and Shadikor dams and Gwadar University.

Gwadar, the nerve centre of CPEC, is fast transforming into an international city. Gwadar has the potential to become a world class sea port and a place which is not only important for Pakistan, but also for the region and the world.

Dawood Rehman
Dawood Rehman

The writer is a member of the staff.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 30, 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 September 30, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 286.05 289.15
Euro EUR 307 310
UK Pound Sterling GBP 353.3 357
U.A.E Dirham AED 80 80.8
Saudi Riyal SAR 76 76.75
Australian Dollar AUD 189 191
Bahrain Dinar BHD 778.84 786.84
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.24 40.64
Danish Krone DKK 41.83 42.23
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.63 1.71
Kuwaiti Dinar KWD 945.27 954.27
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.58 176.58
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.31 770.31
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 323.01 325.51
Thai Bhat THB 8.12 8.27

Gold Rate in Pakistan Today – September 30, 2023

Today Gold Rate in Pakistan

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Saturday.

The price of 10 grams of 24k gold was recorded at Rs 176,270. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

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.

Today Gold Price in Pakistan - 30 September 2023

City Gold Silver
Lahore PKR 205,600 PKR 2,450
Karachi PKR 205,600 PKR 2,450
Islamabad PKR 205,600 PKR 2,450
Peshawar PKR 205,600 PKR 2,450
Quetta PKR 205,600 PKR 2,450
Sialkot PKR 205,600 PKR 2,450
Attock PKR 205,600 PKR 2,450
Gujranwala PKR 205,600 PKR 2,450
Jehlum PKR 205,600 PKR 2,450
Multan PKR 205,600 PKR 2,450
Bahawalpur PKR 205,600 PKR 2,450
Gujrat PKR 205,600 PKR 2,450
Nawabshah PKR 205,600 PKR 2,450
Chakwal PKR 205,600 PKR 2,450
Hyderabad PKR 205,600 PKR 2,450
Nowshehra PKR 205,600 PKR 2,450
Sargodha PKR 205,600 PKR 2,450
Faisalabad PKR 205,600 PKR 2,450
Mirpur PKR 205,600 PKR 2,450

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