CPEC win-win for both Pak-China, says Chinese Ambassador

Nivian Malik 08:21 PM | 31 Aug, 2016
CPEC win-win for both Pak-China, says Chinese Ambassador
ISLAMABAD - Chinese Ambassador to Pakistan Sun Weidong has said that China-Pakistan cooperation would embrace a better future for the benefits of the people of the region "with strong political ties as the guarantee and deep friendship as the support".

“As a Chinese saying goes, a big tree grows from a downy tip. The promotion of CPEC today will help sow the seeds of hope for the grand forest of China-Pakistan friendship tomorrow,” he said while addressing inaugural session of CPEC Summit and Expo in Islamabad.

“Pakistan plans to develop and reform the Ministry of Foreign Affairs and the community for a long time to promote mutal relationship. And the China-Pakistan Economic Corridor played a positive role in it.

“This year is the 65th anniversary of establishment of diplomatic ties. For 65 years, the two countries have always adhered to mutual respect and trust, equality and mutual benefits. This time-tested friendship between the two countries, South-South cooperation, has become an important model. At present, the bilateral relations have entered a new period of great development, facing historical opportunities. We are confident of the bright future of bilateral relations.”

The Chinese envoy further said China is willing to share its development opportunities and bonuses with Pakistan, and CPEC is the first major project in this regard. “At present, the Sino-Pakistani economic corridor has entered the implementation stage, the overall progress is smooth. The CPEC, covering energy, roads, railways, ports, fiber, oil and gas pipelines, industrial parks and other projects, is a broad framework for regional cooperation. The Chinese government encourages the qualification and strength of Chinese enterprises to invest in Pakistan, cooperation in production, research and development and other areas to further expand cooperation in space.

“Pakistan economic corridor is a livelihood project to bring tangible benefits for the people. The project has created tens of thousands of jobs for Pakistani people. It will also create more employment and training opportunities for the people to have better health and education services.”

“We want to promote the construction and security of CPEC by “turning two wheels together”, to create ‘safe corridors’."

The Chinese ambassador added that this weekend, in the upcoming eleventh summit held in Hangzhou, China President Xi Jinping will jointly discuss economic cooperation with the world leaders of G20 members to focus on core challenges and outstanding issues facing the world economy, with all parties to find common solutions and contribute to Chinese wisdom.

“China is to contribute to world development. China founded the Silk Road Fund, initiated the establishment of the Asian Infrastructure Investment Bank, to support "along the way" to promote interoperability, promote economic development. Silk Road Fund's first project financing Carlo Station, Asian Infrastructure Investment Bank financed the construction of the first highway projects M4 motorway (Shaw Gorter to Naneiwaer section) has landed in Pakistan, Pakistan boost energy and transport infrastructure projects.”

At the end of his speech, Sun Weidong wished great success for the CPEC.

Nivian Malik

The writer is a member of the staff


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 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.

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 205,200 PKR 2,430
Karachi PKR 205,200 PKR 2,430
Islamabad PKR 205,200 PKR 2,430
Peshawar PKR 205,200 PKR 2,430
Quetta PKR 205,200 PKR 2,430
Sialkot PKR 205,200 PKR 2,430
Attock PKR 205,200 PKR 2,430
Gujranwala PKR 205,200 PKR 2,430
Jehlum PKR 205,200 PKR 2,430
Multan PKR 205,200 PKR 2,430
Bahawalpur PKR 205,200 PKR 2,430
Gujrat PKR 205,200 PKR 2,430
Nawabshah PKR 205,200 PKR 2,430
Chakwal PKR 205,200 PKR 2,430
Hyderabad PKR 205,200 PKR 2,430
Nowshehra PKR 205,200 PKR 2,430
Sargodha PKR 205,200 PKR 2,430
Faisalabad PKR 205,200 PKR 2,430
Mirpur PKR 205,200 PKR 2,430


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter