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China permits export of 60 more Pakistani cherry orchards

09:41 PM | 28 Jul, 2023
China permits export of 60 more Pakistani cherry orchards
Source: File Photo

Ghulam Qadir, a commercial counsellor at the Pakistani Embassy in Beijing, says the General Administration of Customs of China (GACC) has given permission for sixty more Gilgit-Baltistan cherry farms to export their fruit to China.

According to Ghulam Qadir, there is a lot of promise for the agricultural sector in Gilgit Baltistan, where cherry farming is a substantial business, if Chinese customs approve the Pakistani cherry plantations.

"The approval by Chinese customs indicates that the Pakistani cherry meet the norms and requirements for shipment to China. This not only creates new commercial opportunities, but it also introduces Pakistani cherries' flavour and quality to a larger global market.

"The cooperation between China and Pakistan in promoting agricultural exports, particularly cherries from Gilgit Baltistan, highlights the mutual benefits derived from such alliances, said Arman Shah, CEO of Hashwan Group and Arman Shah Farm, which is the largest farm approved by Chinese Customs. Along with accelerating economic growth, it also improves cross-border relationships.

He said that GB cherries have already been shipped to several nations, with the Middle East serving as their main market, and that the cost of export this year was between Rs. 700 and Rs. 1000 per kilogramme.

"My 7.5-arce farm produces about 15-20 tonnes of excellent cherries each season, while Gilgit Baltistan produces more than 4,000 tonnes annually. In addition, I have a cold storage facility that enables me to export long after the season has passed," he added.

Fifteen facilities for cold storage and packing have also received approval from Chinese customs to ship cherries to China.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
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 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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