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First phase of Chabahar Port to be inaugurated today

09:54 AM | 3 Dec, 2017
First phase of Chabahar Port to be inaugurated today
NEW DELHI - The first phase of Chabahar port, which will open up a new strategic transit route among Iran, India, and Afghanistan, bypassing Pakistan, will be inaugurated on Sunday (today).

The port, located in Iran's southeastern Sistan- Baluchestan Province, is scheduled to be inaugurated by Iranian President Hassan Rouhani in presence of representatives from India, Afghanistan and several other countries of the region, NDTV reported.

However, Pakistan has stressed that it does not regard trade between India and Afghanistan through Iran’s Chabahar Port as an alliance against her.

“We do not regard it as any kind of alliance against us. Our trade with Afghanistan, Iran, and China continue as before,” a Foreign Office spokesperson, Mohammad Faisal said.

The first phase of the Chabahar port project is known as the Shahid Beheshti port.

Ahead of the inauguration, External Affairs Minister Sushma Swaraj and her Iranian counterpart Javed Zarif held a meeting on Saturday in Tehran and discussed the Chabahar port project among other issues.

Iranian Foreign Ministry said Mr Zarif referred to the Shahid Beheshti Port and said it reinforces Iran-India mutual and regional cooperation.

"It also shows the importance of the port in the development of the region and the routes that connect Central Asian states to other countries in the world through the Sea of Oman and the Indian Ocean," he said, according to the Iranian Foreign Ministry.

Ms Swaraj made a stopover at Tehran on her return from the Russian city of Sochi where she had attended the annual summit of the Shanghai Cooperation Organisation (SCO).

The port is likely to ramp up trade among India, Afghanistan, and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries.

Over a month ago, India had sent its first consignment of wheat to Afghanistan by sea through the Chabahar port, marking the opening of the new strategic transit route.

A minister from India is attending today's event. The Iranian president's office said the Shahid Beheshti harbor will be opened today.

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

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
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 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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