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.


Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565


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