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Chinese nuclear power giant to construct two reactors in Karachi

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.

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Pakistani rupee inches up against US dollar, Euro, Pound, Riyal and Dirham; Check latest rates here

Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.

Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.

UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.

Today's currency exchange rates in Pakistan - 6 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.7  286.75 
Euro EUR 309  312 
UK Pound Sterling GBP 361  364 
U.A.E Dirham AED 77.6 78.3
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 758.58 766.58
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.41 41.81
Hong Kong Dollar HKD 36.49 36.84
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 923.13 932.13
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.36 79.06
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Thai Bhat THB 8.09 8.24

Gold price sees major drop in Pakistan; Check today gold rates - 6 Dec 2023

KARACHI – Gold prices in the local market continue to decline in line with the international market.

Gold Rates in Pakistan Today - 6 December 2023

On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100. 

Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.

In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,400 PKR 2,625
Karachi PKR 219,400 PKR 2,625
Islamabad PKR 219,400 PKR 2,625
Peshawar PKR 219,400 PKR 2,625
Quetta PKR 219,400 PKR 2,625
Sialkot PKR 219,400 PKR 2,625
Attock PKR 219,400 PKR 2,625
Gujranwala PKR 219,400 PKR 2,625
Jehlum PKR 219,400 PKR 2,625
Multan PKR 219,400 PKR 2,625
Bahawalpur PKR 219,400 PKR 2,625
Gujrat PKR 219,400 PKR 2,625
Nawabshah PKR 219,400 PKR 2,625
Chakwal PKR 219,400 PKR 2,625
Hyderabad PKR 219,400 PKR 2,625
Nowshehra PKR 219,400 PKR 2,625
Sargodha PKR 219,400 PKR 2,625
Faisalabad PKR 219,400 PKR 2,625
Mirpur PKR 219,400 PKR 2,625

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