Xi Jinping bags second term as China's Communist Party unveils new leadership

12:09 PM | 25 Oct, 2017
Xi Jinping bags second term as China's Communist Party unveils new leadership
BEIJING – With Xi Jinping at the helm, China’s Communist Party on Wednesday announced its new seven-member senior leadership body, a day after Xi’s thought added to the constitution.

Five new members have been included in the powerful body, Politbur Standing Committee, but there is no clear successor of the Chinese President Xi, speculating that he would rule beyond 2022.

The new members were selected by 204 party members during a closed-door voting, while two old members named Xi, 64 and premier Li Keqiang, 62 will continue to hold the position.

The new committee members include Wang Yang, Han Zheng, Zhao Leji, Li Zhanshu and Wang Huning, who have also been given new tasks.

Sixty-two-year old Vice-Premier Wang Yang has been promoted to executive vice-premier of China, while Han Zheng, 63, will head the Chinese People's Political Consultative Conference.

Similarly, Zhao Leji, 60 has been tasked with anti-corruption body and Zhanshu would lead China’s parliament.

Earlier, it was expected that Chinese president would pick Chen Miner and Hu Chunhua, Guangdong party secretary, both of whom are in their 50s, who are expected to succeed Xi.

But all the new members of the committee are in their 60s and would be retiring with the end of this five-year period.

Xi, who came into power as in 2012, will continue his new term as of this year's Congress.

Socialism with Chinese Characteristics for a New Era

China’s ruling Communist Party on Tuesday added President Xi Jinping’s name and his ideology to its constitution declaring him most powerful since Mao Zedong, founder of the party.

The incredible move took place at the end of 19th party Congress, which is held twice a decade, in Beijing by including Xi’s concept of “socialism with Chinese characteristics for a new era” to party charter.

This amendment means that any challenge to Xi will now be taken as a threat to the ruling party.

Speaking on the occasion, the president said that great and bright future was waiting for Chinese nationals ahead, adding, “Today we, more than 1.3bn Chinese people, live in jubilation and dignity. Our land … radiates with enormous dynamism. Our Chinese civilisation shines with lasting splendour and glamour.”


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


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter