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PM Imran breaks ground for KCR project in Karachi

Web Desk 10:49 AM | 27 Sep, 2021
PM Imran breaks ground for KCR project in Karachi

KARACHI – Prime Minister Imran Khan Monday performs the groundbreaking for the much-awaited Karachi Circular Railway (KCR) project.

Speaking at the ceremony, Khan said Karachi Transformation Plan will benefit the citizens as he referred to transport as a key component in the basic infrastructure of any metropolis. He also invited the provincial administration of Sindh to work together with the federal government to address the issues of Karachiites.

Federal Minister for Planning, Development, and Special Initiatives Asad Umar, Railways Minister Azam Khan Swati, Chief Minister of Sindh Murad Ali Shah, and Governor of Sindh Imran Ismail also attended the ceremony.

Pakistan’s financial hub was on its way to development in the 80s and was taking off but, unfortunately, its progress declined, Khan said while adding that the PTI government initiated the Karachi Transformation Plan, in collaboration with the Sindh government, to uplift the metropolis.

The center cannot resolve the issues of Karachi on its own, therefore, it is imperative for the provincial government to cooperate, he stressed.

Railways Minister Azam Khan Swati had issued a statement regarding the project saying it will be completed in three years against a cost of Rs207 billion.

The 29-kilometer track of KCR comprised 16 stations and 24 level crossings. Frontier Works Organisation (FWO) will lay the track for the KCR while automatic air-conditioned coaches will be run on the track, he said in the statement.

On Sunday, Sindh Governor Imran Ismail also revealed that the recent visit of the PM would bring a number of good news for ‘distressed’ Karachi citizens.

KCR is not the only project for which PM is visiting Karachi, Ismail said while mentioning that more good news are coming for the region. He also mentioned that Green Line bus services infrastructure has been completed, while buses have reached the city and we have also started the trial run of the buses.

The Karachi Circular Railway was initially planned to facilitate the employees of Pakistan Railways in Karachi’s eastern neighborhoods. It later turned into a full circle of more than 40 km in the ’70s and connected Karachi’s four main work areas including the port, the Sindh Industrial Trading Estate (SITE), the city’s central commercial areas, and the Landhi Industrial Area.

The project for the country’s financial capital worked perfectly till 1984 when the number of its trains was slashed. A number of reasons for rooted its shut down, including maintenance and repair, and the government’s inability to spend money on the improvement of tracks and stations. The operation ended in 1999, while thousands rush for buses as an alternate.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 9, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 270.25 271.25
Euro EUR 290.11 290.71
UK Pound Sterling GBP 326.85 327.55
U.A.E Dirham AED 73.49 73.79
Saudi Riyal SAR 71,93 72.23
Australian Dollar AUD 184.3 186.7
Bahrain Dinar BHD 732.35 740.35
Canadian Dollar CAD 205 207.2
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2 2.16
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 173.63 175.63
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.53 723.57
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 298.06 300.56
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs193,700 on Thursday. The price of 10 grams of 24k gold was recorded at Rs166,070.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 193,700 PKR 2,350
Karachi PKR 193,700 PKR 2,350
Islamabad PKR 193,700 PKR 2,350
Peshawar PKR 193,700 PKR 2,350
Quetta PKR 193,700 PKR 2,350
Sialkot PKR 193,700 PKR 2,350
Attock PKR 193,700 PKR 2,350
Gujranwala PKR 193,700 PKR 2,350
Jehlum PKR 193,700 PKR 2,350
Multan PKR 193,700 PKR 2,350
Bahawalpur PKR 193,700 PKR 2,350
Gujrat PKR 193,700 PKR 2,350
Nawabshah PKR 193,700 PKR 2,350
Chakwal PKR 193,700 PKR 2,350
Hyderabad PKR 193,700 PKR 2,350
Nowshehra PKR 193,700 PKR 2,350
Sargodha PKR 193,700 PKR 2,350
Faisalabad PKR 193,700 PKR 2,350
Mirpur PKR 193,700 PKR 2,350

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