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Emerging Pakistan: Commercial shipping from Gwadar port begins tomorrow

12:22 PM | 7 Mar, 2018
Emerging Pakistan: Commercial shipping from Gwadar port begins tomorrow
GWADAR - The commercial shipping services from Pakistan's pivotal Gwadar port would start from tomorrow (Thursday) after which a weekly service for Dubai's Jebel Ali port would be launched.

Chairman and CEO of China Overseas Ports Holding Company, Zhang Baozhong while detailing the initiation of commercial services from Gwadar, expressed that the Cosco shipping lines would operate a cargo ship with a capacity of 5000 containers on the route.

'The service has been designed in a manner to ensure to and fro movement of goods between Gwadar and any country" observed Baozhong.

https://en.dailypakistan.com.pk/headline/chinese-company-launches-most-expensive-ever-campaign-to-promote-pakistans-gwadar-in-london/

The official claimed that contrary to other ports of Pakistan, the containers would be offloaded and cleared in less than 48 hours at the Gwadar port and importers/exporters would not face storage space issues here.

Let it be known that in January, Prime Minister Shahid Khaqan Abbasi had inaugurated the first international ‘Gwadar Expo 2018’.

The event organized by  Gwadar Development Authority along with China Overseas Ports Holding Company was attended by foreign dignitaries, ambassadors and people from business community across the world.

Addressing the inauguration ceremony, the prime minister said that China Pakistan Economic Corridor (CPEC) would not only benefit the two countries but also bring prosperity to the entire region.

PM Abbasi at first Gwadar Expo


The prime minister further pointed out that the significant bilateral project of CPEC is the most important initiative nowadays in Pakistan and gave the country sustainable energy projects to overcome its energy crisis, adding that CPEC is also an opportunity for the region.

Speaking on the same occasion, Zhang Baozhong said with the construction of the free zone, the port city of Gwadar will become a big commercial hub in the region, adding that the development of Gwadar would help to improve Pakistan’s overall economy and people’s lives.

During the expo, the COPHC and the Balochistan local government signed five contracts:

  • Gwadar Poverty Alleviation Initiative COPHC (China Overseas Ports Holding Company Pakistan (Pvt.) Ltd.) & Gwadar District Government

  • Sister Port Agreement between Tianjin and Gwadar Port

  • Agreement between Sister City Piung City and Gwadar

  • Agreement between PSO+ GITL + Gwadar Port

  • Agreement between SECP and Free Zone Company

  • Agreement between HATA Trade City and Gwadar

The writer is a civil servant.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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