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Pakistan, China mull expansion of CPEC to Afghanistan

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.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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