Chinese nuclear power giant to construct two reactors in Karachi

Associated Press of Pakistan 11:08 PM | 20 Nov, 2018
Chinese nuclear power giant to construct two reactors in Karachi
BEIJING/KARACHI - China National Nuclear Corporation (CNNC), a nuclear power giant will construct two third-generation reactors in Karachi.

The first pilot nuclear power project using "Hualong One," a domestically-developed third-generation reactor design will soon go into a crucial test stage and is expected to start operations in 2020.

"Its construction is carried out as planned, and its safety and quality are under good control," said Xing Ji, chief designer of "Hualong One", according to China Global Television Network (CGTN).

The project is being assembled in Fuqing, east China's Fujian Province. Another one is to be built later at the same site and two more in Karachi, Pakistan. Altogether, four such facilities are under construction in the world.

"Their current construction goals have all been completed on time or beforehand. They are the world's only third-generation pressurized water reactor power units being constructed according to plan," said Yu Jianfeng, CNNC chairman.

Now, the third-generation nuclear power reactor design has much safer standards than the international predecessors.

Construction of the first "Hualong One" pilot project began in 2015 in Fuqing, and it is a window showing how the Chinese nuclear power industry tries to develop itself and link with the international community.

Based on these, CNNC announced earlier this month that the total amount of its import purchase and overseas local sourcing will exceed 12 billion US Dollars in the next five years.

CNNC's latest programmes also include a small, dedicated "district heating reactor" named "Yanlong," the high-temperature gas cooled reactor technology and participation of the international fusion reactor programme.

These technologies are being displayed in a major exhibition in Beijing to commemorate the 40th anniversary of China's reform and opening up.

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency


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 February 02, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 207,100 PKR 2,420
Karachi PKR 207,100 PKR 2,420
Islamabad PKR 207,100 PKR 2,420
Peshawar PKR 207,100 PKR 2,420
Quetta PKR 207,100 PKR 2,420
Sialkot PKR 207,100 PKR 2,420
Attock PKR 207,100 PKR 2,420
Gujranwala PKR 207,100 PKR 2,420
Jehlum PKR 207,100 PKR 2,420
Multan PKR 207,100 PKR 2,420
Bahawalpur PKR 207,100 PKR 2,420
Gujrat PKR 207,100 PKR 2,420
Nawabshah PKR 207,100 PKR 2,420
Chakwal PKR 207,100 PKR 2,420
Hyderabad PKR 207,100 PKR 2,420
Nowshehra PKR 207,100 PKR 2,420
Sargodha PKR 207,100 PKR 2,420
Faisalabad PKR 207,100 PKR 2,420
Mirpur PKR 207,100 PKR 2,420


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