Chiniot dam to cost Rs60 bn

07:56 PM | 21 Dec, 2018
Chiniot dam to cost Rs60 bn
ISLAMABAD - Senate Standing Committee on Water Resources Friday was informed that Chiniot dam would be built on river Chenab and it would cost Rs60 billion.

The committee, headed by Senator Shamim Afridi, was further informed that it would be a multi-purpose dam which would not generate 80 MW electricity but also help protect local areas from the flood.

Ministry of Water Resources Secretary told that the dam would take four years for completion and it would have the capacity to store 0.9 million acre-feet water.

Regarding under construction small dams in Balochistan, the Senate panel was further informed that such dams with 80 per cent progress were being completed on priority basis. Some 90 per cent work had already been completed on Kalat dam and Rs139 million more was needed for its completion.

Senator Mir Yousaf said contracts of dams were being awarded to blue-eyed people resulting from a delay in their completion.

Shamim Afridi said only two firms were pre-qualified for construction of dams adding that at least 10 firms should be pre-qualified. It was further told that as per rules a single company can participate in a bidding process.

The joint secretary said the water resources ministry was sponsoring a number of water sector development projects across the country including in Balochistan.

Presently 29 dam's projects were at various stages of execution having estimated cost of Rs63.899 billion and a throw forward of Rs42.525 billion, he added.

He said an allocation of Rs5.856 billion had been made for these projects so far.
Regarding Mangi dam, the committee was apprised that advance Rs1,800 million had been given for Mangi dam project. However, a pace of work was very slow, he said.

Minister for Water Resources Faisal Vawda said in past due share and attention was not given to Balochistan in the development projects.

He assured the committee that the government would do extra for the development of Balochistan.

The meeting was attended by senators Hasil Khan Bizenjo, Mir Muhammad Yousaf Badini, Muhammad Usman Kakar and Qurat ul Ain Marri, Secretary Water Resources Shamil Ahmad Khawaja and other senior officials of Ministry of Planning and Development and WAPDA.


Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696


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