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Pakistan, China mull expansion of CPEC to Afghanistan

Web Desk 07:28 PM | 19 Jul, 2022
Pakistan, China mull expansion of CPEC to Afghanistan
Source: File photo

ISLAMABAD – Pakistan, and China exchanged views on the possibility of extending the multi-billion dollar China-Pakistan Economic Corridor (CPEC) infrastructure project to neighboring Afghanistan.

Foreign Secretary Sohail Mahmood met Chinese special envoy on Afghanistan Ambassador Yue Xiaoyong in federal capital and mulled the option of expanding the infrastructure projects to war torn country to promote economic development and prosperity.

A statement issued by the foreign office said Islamabad and Beijing discussed the political and security situation in Kabul and other matters of mutual interest.

Pakistani senior diplomat also underscored Islamabad’s commitment to a peaceful, stable, prosperous Afghanistan as he highlighted the provision of humanitarian assistance to a country of nearly 39 people.

The foreign secretary also reiterated the de-freezing of Kabul’s foreign reserves and the facilitation of banking operations to ease the economic hardships of the Afghan people and help build a sustainable economy.

He also underlined the significance for the Afghan side to address the international community’s expectations regarding inclusivity; respect for the rights of all Afghans, including girls’ education; and effective counter-terrorism measures.

The foreign secretary further emphasized the role of platforms such as Troika Plus and Six Neighbouring Countries of Afghanistan in advancing shared goals.

Meanwhile, the Chinese envoy appreciated the constructive role played by Pakistan in the context of Afghanistan. Both sides agreed that only a peaceful, stable and connected Afghanistan could act as a fulcrum for enhanced regional trade and connectivity.

Last year, senior Taliban leader Zabiullah Mujahid revealed that Kabul is interested to join the China-Pakistan Economic Corridor.

Beijing announced the multi-billion dollar project which is worth nearly $46 billion. The project would link the southern Gwadar port on the Arabian Sea to China’s western Xinjiang region.

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Daily Pakistan Global Web Desk

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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 January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 253.5 255.5
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

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 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100

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