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Pakistan launches Bank of China on 10th anniversary of CPEC

02:20 PM | 31 Jul, 2023
Pakistan launches Bank of China on 10th anniversary of CPEC
Source: Twitter

ISLAMABAD – On the occasion of the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), Finance Minister Ishaq Dar officially launched the Bank of China in Islamabad on Monday, signifying a significant milestone in the deepening economic ties between China and Pakistan.

During the inauguration ceremony, the finance minister expressed heartfelt gratitude to the Chinese authorities for their unwavering support to Pakistan during challenging times, which played a crucial role in helping Pakistan overcome various economic difficulties successfully.

Minister Dar proudly shared positive statistics on Pakistan’s economic performance, highlighting the nation’s trajectory of improvement. He mentioned that international rating agencies have raised Pakistan’s credit rating, a testament to its economic progress and financial stability. He asserted that with their resilient efforts, Pakistan has emerged from tough times and is now embarking on a journey of growth.

Looking to the future, Minister Dar expressed optimism about the Chinese currency, the Yuan, becoming a widely accepted alternative currency in the global arena.

As CPEC celebrates its 10th anniversary, the joint venture continues to serve as a transformative project, paving the way for closer economic ties and regional connectivity between China and Pakistan.

With the inauguration of the Bank of China, both countries are poised to leverage this strategic partnership to unlock new avenues of growth and prosperity for their people.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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