ISLAMABAD – The highest mountain pass which is a major trade route between Pakistan and China, located on the northern border, is set to reopen from April 1 after nearly a two-year hiatus amid the Covid pandemic.
Reports in local media said Beijing shared a letter with Islamabad regarding the reopening of the border pass in accordance with the agreement signed between the two countries in May 2013.
Chinese officials stated measures to prevent the novel virus from spreading via the highest-paved international border in the Karakoram Mountains.
The authorities have been instructed to take all precautionary measures pertaining to the Covid-19 pandemic before the arrival of goods from Pakistan.
Similarly, Pakistani border authorities have also been instructed to take all measures to control coronavirus.
Khunjerab Pass was first closed in November 2019 amid stern measures to cut the Covid spread between the two countries. It was later opened on a temporary basis between July 29, 2020, and August 10, 2020, to facilitate the transportation of containers loaded with goods.
Pakistani rupee remains stable against US dollar in the open market on 29 March, 2024.
In the open market, the US dollar was being quoted at 278.3 for buying and 281.05 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 278.3 | 281.05 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.70 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.46 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.7 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
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