Search

China scraps one-child policy

04:15 PM | 29 Oct, 2015
China scraps one-child policy
BEIJING (Web Desk) - China has abandoned its one-child policy, allowing all Chinese couples to have two children for the first time in more than three decades, official media reported on Thursday.

“China abandons one-child policy,” Xinhua, China’s official news agency, announced on Twitter.

For months there has been speculation that Beijing was preparing to abandon the highly controversial family planning rule, which was introduced in 1980 amid fears of a calamitous population explosion.

China’s Communist rulers credit their policy with preventing 400 million births but the draconian regulation has also been blamed for millions of forced abortions.

Opponents say it has also created a demographic “timebomb” with China’s 1.3 billion-strong population ageing rapidly, and the country’s labour pool is shrinking.

The UN estimates that by 2050 China will have nearly 440 million over-60s.

that the one-child policy had been scrapped comes three months after one Chinese newspaper predicted the policy would be phased out by the end of this year.

At the time those reports were denied by the Chinese government.

The writer is a member of the staff.

Advertisement

Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter