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China signs deal to build 3rd nuclear reactor in Pakistan: WNN

10:19 PM | 24 Nov, 2017
China signs deal to build 3rd nuclear reactor in Pakistan: WNN
ISLAMABAD - China has signed a deal to build a third large nuclear reactor in Pakistan, which wants to get a fifth of its electricity from nuclear by 2030.

World Nuclear News (WNN), supported by industry lobby World Nuclear Association, reported that China National Nuclear Corporation (CNNC) and the Pakistan Atomic Energy Commission (PAEC) have signed a cooperation agreement for the construction of a 1,000 megawatt (MW) HPR1000 “Hualong One” reactor at the Chashma nuclear power plant in Punjab.

The PAEC could not immediately be reached for comment.

The agreement was signed by the chairmen of CNNC and PAEC.


Pakistan generates five percent of its electricity from four small 300MW Chinese reactors at the Chashma plant and wants to boost nuclear capacity to 8,800 MW, or about 20 percent of power generation capacity, by 2030.

China is already building two Hualong One reactors with a capacity of 1100 MW each near the port city of Karachi, which are expected to become operational in 2020 and 2021 respectively.

PAEC Chairman Muhammad Naeem told the international news agency last month that PAEC was in the final stages of awarding contracts for Chasmah, which would take Pakistan’s nuclear capacity to about 5,000MW when it is finished. He said Pakistan wanted to build at least 3-4 more big nuclear reactors by 2030.

Imported oil is the main fuel for power generation in Pakistan, where one quarter of the population has no access to electricity.

Four Hualong reactors - a new so-called third-generation model with added safety features - are under construction in China, with the first expected to go online in 2021.

China General Nuclear Corporation (CGN) - China’s other big reactor vendor and French EDF’s partner in the Hinkley Point nuclear project - has an agreement with the British government to build a Hualong reactor in Bradwell in south east England.

Britain’s nuclear regulator is conducting a Generic Design Assessment, which is expected to take about five years.

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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