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CPEC enabled govt to save country from civil war-like situation: Ahsan Iqbal

03:42 PM | 20 Jan, 2017
CPEC enabled govt to save country from civil war-like situation: Ahsan Iqbal
ISLAMABAD - Federal Minister for Planning Development Ahsan Iqbal has said that China-Pakistan Economic Corridor (CPEC) enabled the present government to save the country from a civil war-like situation due to crippling energy crisis till 2013.

“We should remember the times in 2013 when the country had been facing 18 to 20 hours of power load shedding and labourers were protesting on streets creating a civil war-like situation due to near shut down of the industries while now load shedding has been curtailed by four to six hours daily,” he said this here on Friday while addressing 9th International CSR Summit and Awards-2017 organized by National Forum for Environment and Health (NFEH).

Federal minister said that owing to investment received through CPEC project the present government was going to add a record 11,000 Megawatts electricity to the national grid by 2018.

He said that owing to new energy projects launched by the present govt, industries in the country had been given uninterrupted power supply throughout the last year. He said that without energy projects being initiated under the CPEC, the power load shedding crisis in the country could have amplified to 24 hours.

He said that without CPEC being built in the country even the prosperous sections of the society could have become impoverished as CPEC-related projects had reinvigorated economy of the country.

He said that it was a major achievement of the government that by 2018 it was going to add 11,000 MWs electricity to national grid while by the year 2013, the country in its existence of previous 66 years was only able to add just 17,000 MWs electricity.

He said the country had been facing up to 4,500 incidents of terrorism in a year till 2013, which had now decreased to a mere 450.

Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra, who was guest of honour on the occasion, said the country like every other year was facing a multitude of national level challenges and crises due to recurring natural calamities and man-made disasters.-Online

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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