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CPEC now includes a luxury golf course in Gwadar

08:28 PM | 23 Apr, 2018
CPEC now includes a luxury golf course in Gwadar
GWADAR - A Chinese state-owned construction firm has been signed up to build a luxury golf development in Pakistan under the umbrella of the $62 billion China-Pakistan Economic Corridor (CPEC).

The China Pak Golf Estates is planned as a $265m gated golf community spread over 6.7 million square feet in the port city of Gwadar on Pakistan’s Arabian Sea coast.

Gwadar is the terminus of the CPEC, a network of roads, energy projects, and industrial developments linking western China down the length of Pakistan to the Arabian Sea, a flagship of China’s Belt and Road initiative.

https://en.dailypakistan.com.pk/headline/china-raises-cpec-investment-to-62billion/

London-based developer CPIC signed a memorandum of understanding with China Civil Engineering Construction Corporation (CCECC) to build the community on Friday.

CPIC is a private investment company developing money-making schemes in Gwadar on the back of CPEC, which is being financed and built by Chinese entities.

CCECC is a large builder, and a subsidiary of China Railway Construction Corporation.

The writer is a member of the staff.

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

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