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TAPI to help meet future energy needs: PM Abbasi at inauguration ceremony

09:10 AM | 23 Feb, 2018
TAPI to help meet future energy needs: PM Abbasi at inauguration ceremony
ASHGABAT - Prime Minister Shahid Khaqan Abbasi on Friday said that TAPI (Turkmenistan-Afghanistan-Pakistan-India) Gas Pipeline project will help meeting growing needs of energy in the future.

The prime minister stated this while addressing the inauguration ceremonies of TAPI and associated projects in Mary, Turkmenistan.

On Thursday, the prime minister along with the delegation, comprising Minister of State for Petroleum Jam Kamal Khan, Provincial Minister for Labour and HR Raja Ashfaq Sarwar, Ambassador of Pakistan to Turkmenistan Mr. Murad Ashraf Janjua and other senior government officials, reached Mary on the invitation from the President of Turkmenistan Gurbanguly Berdimuhamadov.

Earlier, both the leaders, in a meeting, highlighted the importance of TAPI pipeline project as an energy, trade and transit corridor and held fruitful discussions on subjects of mutual concern, including issues of regional security.

The President stated that Turkmenistan valued its special relations with Pakistan and highly appreciates the support given by Pakistan.

He mentioned that Turkmenistan-Pakistan relations were based on two pillars namely Energy Security of which TAPI is a flagship project, and connectivity to include rail, road, IT and fiber optic.

Turkmenistan president also expressed keen interest in Gawadar Port project. Berdimuhamadov expressed hope that Pakistan will benefit from the supply of gas especially for the industry once TAPI reaches Pakistan.

The Prime Minister stated, “…tomorrow is a historic day when another pipeline is going to be inaugurated”. He termed the materialization of TAPI as a success of the vision and commitment of President Berdimuhamadov and appreciated the personal commitment of the President in the realization of the project.

He observed that the Port of Gwadar will provide the most efficient access to the sea to Turkmenistan. The Prime Minister apprised the President of the successful expansion in road network across the length and breadth of Pakistan including six-lane motorways that will connect to Western China and the regional countries.

“We see Pakistan as the hub of connectivity in the region,” the Prime Minister said, adding that CPEC was the most visible part of the Belt and Road Initiative and stressed on enhancement in bilateral cooperation between the two countries.

Prime Minister reiterated Pakistan's full support to Turkmenistan's policy of permanent neutrality and President Berdimuhamadov's initiatives at the UN.

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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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