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China will “get involved” if India tries to disrupt CPEC

04:23 PM | 29 Aug, 2016
China will “get involved” if India tries to disrupt CPEC
BEIJING - China will respond to any Indian plot which disrupts the $46 billion China-Pakistan Economic Corridor (CPEC) in Pakistan’s Balochistan province, an influential Chinese think tank warned Monday.

“Prime Minister Narendra Modi's reference to Balochistan in his Independence Day speech is the ‘latest concern’ for China and among its scholars, Hu Shisheng, the director of the Institute of South and Southeast Asian and Oceanian Studies at China Institute of Contemporary International Relations (CICIR), said in an interview.

This think tank is among China's most powerful, and is affiliated with the country's ministry of state security. The researcher also said India's growing military ties with the US and its changed attitude on the disputed South China Sea are “ringing alarm bells for China”.

Related: CPEC game-changer for Pakistan, entire region: PM Nawaz

Hu said China feared India may "use anti-government elements" in Balochistan, where Beijing is building CPEC - a key to the success of its ambitious 'One Road, One Belt' project.

"If this kind of plot causes damage to CPEC, China will have to get involved," he said, referring to the alleged involvement of India in backing separatists in Balochistan, Gilgit-Baltistan and Pakistan-Occupied Kashmir.

Read: China just entered the Aviation market with first state-owned aircraft-engine maker

“My personal view is that if India is adamant and if the Indian factor is found by China or Pakistan in disrupting the process of CPEC (China-Pakistan Economic Corridor), if that becomes a reality, it will really become a disturbance to China-India relations, India-Pakistan relations.

“If that happens China and Pakistan could have no other way but take united steps. I want to say that the Pakistan factor could surge again to become the most disturbing factor in China-India relations, even more than the Tibet, border and trade imbalance issues,” he told PTI.

“All the three countries could be badly derailed from their current facts of economic and social development. It could be very bad,” Hu added.

The writer is a member of the staff.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

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.

Euro currently 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 - 26 Feb 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 2.1 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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