North-South Gas Pipeline Project will be called 'Pakistan Stream Gas Pipeline'
Pakistan and Russia agreed on Friday to change the name of the North-South Gas Pipeline Project to "Pakistan Stream Gas Pipeline" in a protocol agreement signed in Moscow.
The Pakistani mission in Moscow tweeted that Pakistan and Russia have signed a protocol on the amendments to the agreement on North-South Gas Pipeline Project.
2/4 Protocol was signed by H.E Ambassador Shafqat Ali Khan and the Russian Minister for Energy, H.E. Nikolay Shulginov #PakistanStreamGasPipeline #northsouthgaspipeline #pakistanrussia @ForeignOfficePk @MID_RF @mfa_russia @RusEmbPakistan pic.twitter.com/woIQKH66tx
— Pakistan Embassy Russia (@PakinRussia) May 28, 2021
The agreement was signed by Pakistani envoy Shafqat Ali Khan and Russia's Energy Minister Nikolay Shulginov.
"The pipeline will run from Karachi to Kasur for transportation of gas. The Project is a flagship strategic venture between Pakistan and Russia and will strengthen bilateral cooperation," said the mission.
4/4 Pakistan desires a strategic partnership with Russia and looks forward to enhanced bilateral relations in all fields of mutual interest. #PakistanStreamGasPipeline #northsouthgaspipeline #pakistanrussia @ForeignOfficePk @MID_RF @mfa_russia @RusEmbPakistan pic.twitter.com/2llMNvtj1h
— Pakistan Embassy Russia (@PakinRussia) May 28, 2021
The Pakistan embassy says that Islamabad wants a "strategic partnership" with Moscow and "looks forward to enhanced bilateral relations in all fields of mutual interest".
The North-South Gas Pipeline project received a new push after Russia gave it a new structure last year in November. The Russian Ministry of Energy has offered TMK and ETK with its state-owned company Federal State Unitary Enterprises (FSUE).
According to senior Pakistani officials, the project has seen “many upheavals but the Russian side remained committed to it knowing the fact that Pakistan got structures changed several times".
Pakistani rupee inches up against US dollar in the open market on 28 March, 2024.
In the open market, the US dollar was being quoted at 278.4 for buying and 281.4 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 | 278.4 | 281.4 |
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 | 73.7 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.70 |
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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