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Pakistan approves $11.6mn to compensate Chinese nationals for Dasu bus attack

China resumes work on hydropower project in Kohistan district of KP

01:42 PM | 22 Jan, 2022
Pakistan approves $11.6mn to compensate Chinese nationals for Dasu bus attack

ISLAMABAD – The Economic Coordination Committee (ECC) has approved a compensation package worth around $11.6mn for the affected Chinese nationals of the Dasu Hydropower Project attack.

Reports in local media suggest that the meeting virtually presided over by Finance Minister Shaukat Tarin okayed a summary moved by the Ministry of Water Resources for a compensation package for Chinese nationals.

The proposal of payment was approved as a goodwill gesture on the state level in light of Islamabad’s deep relationship with Beijing.

The Dasu hydropower project is part of the China-Pakistan Economic Corridor (CPEC), a $65 billion project aimed at connecting China's northwestern Xinjiang province to the port of Gwadar in Pakistan’s Balochistan province.

Chinese Foreign Ministry Spokesperson Zhao Lijian on Thursday said the Dasu hydropower project has resumed. He also dismissed the media reports claiming the Chinese contractor demobilised from the Dasu dam project site.

Earlier, Pakistan’s Foreign Minister Shah Mehmood Qureshi revealed that the Dasu bus attack that killed 13 people, including Chinese nationals, was planned by Indian and Afghan intelligence agencies. A passenger coach carrying Chinese workers in Khyber Pakhtunkhwa province had come under attack in July last year.

China had asked Islamabad to probe all angles of the incident, and arrest the perpetrators to protect the Chinese personnel and projects.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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