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TAPI gas pipeline project to boost socio-economic status, bring peace to entire region: PM Abbasi

10:33 PM | 23 Feb, 2018
TAPI gas pipeline project to boost socio-economic status, bring peace to entire region: PM Abbasi
ISLAMABAD - Ground-breaking ceremony of Afghanistan section of landmark Turkmenistan-Afghanistan-Pakistan-India pipeline project was held in Herat on Friday.

It was attended by Prime Minister Shahid Khaqan Abbasi, Afghan President Ashraf Ghani, Turkmenistan President Gurbanguly Berdimuhamedov, India's Minister of State External affairs Mobashar Jawed Akbar, NATO and US Forces Commander Gen. John Nicholson and other high-ranking officials.

Addressing the ceremony, Prime Minister Shahid Khaqan Abbasi said Pakistan is committed to long-term economic goals which guarantee stability in the region.

The Prime Minister expressed the confidence that TAPI gas pipeline project would provide shared prosperity, unite people, provide socio-economic development and peace dividends in the region.  TAPI will provide 10 percent of Pakistan's total energy consumption today, he added.

He said Pakistan has been able to overcome its challenges and is on the path of economic progress. It will achieve six percent growth this year and CPEC would provide most efficient connectivity to the region.

Shahid Khaqan Abbasi said Pakistan has added 10,000 megawatts of power in the last four years. By the end of next year, Pakistan would be adding 2500 kilometres of six-lane motorways to provide connectivity in the region.

The Prime Minister also congratulated the Asian Development Bank (ADB) for its role in making the project a reality. He assured the leaders of Turkmenistan, Afghanistan and India, Pakistan's full cooperation in making TAPI a success.

He wished Afghanistan success for its economic projects and said security in Afghanistan is security in Pakistan.

Afghan President Ashraf Ghani in his address said Afghanistan will leave no stone unturned to implement the project.

He said today Herat gives the message of confidence, hope and rehabilitation to Afghanistan and the region.

Ashraf Ghani said this project is the start of trust in Afghanistan. The project will improve regional cooperation and will move us from poverty to prosperity.

Turkmenistan President meanwhile stressed the need for increasing his country’s cooperation with Afghanistan.

He said the implementation of the TAPI project is the biggest achievement for the countries involved and it has a good impact on Afghanistan’s security and economy.

India's Minister of State External Affairs at the event said his country is committed to supporting the project.

Earlier, a ceremony on completion of Turkmenistan section of TAPI pipeline project was held at Turkmen city of Serhetabad.

An agreement on Turkmenistan-Afghanistan-Pakistan power line was also signed on the occasion.

A Pakistani cultural troupe performed at the occasion along with their counterparts from partner TAPI countries.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec  2023

Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.

Dollar Rate in Pakistan Today

On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.

Today’s currency exchange rates in Pakistan – 4 December 2023

Currency Symbol Buying Selling
US Dollar USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
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 742.16 750.18
Qatari Riyal QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices in Pakistan move down despite positive global cues

The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 4 December 2023

On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043 

A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.

In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,000 PKR 2,720
Karachi PKR 217,000 PKR 2,720
Islamabad PKR 217,000 PKR 2,720
Peshawar PKR 217,000 PKR 2,720
Quetta PKR 217,000 PKR 2,720
Sialkot PKR 217,000 PKR 2,720
Attock PKR 217,000 PKR 2,720
Gujranwala PKR 217,000 PKR 2,720
Jehlum PKR 217,000 PKR 2,720
Multan PKR 217,000 PKR 2,720
Bahawalpur PKR 217,000 PKR 2,720
Gujrat PKR 217,000 PKR 2,720
Nawabshah PKR 217,000 PKR 2,720
Chakwal PKR 217,000 PKR 2,720
Hyderabad PKR 217,000 PKR 2,720
Nowshehra PKR 217,000 PKR 2,720
Sargodha PKR 217,000 PKR 2,720
Faisalabad PKR 217,000 PKR 2,720
Mirpur PKR 217,000 PKR 2,720

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