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CPEC now includes a luxury golf course in Gwadar

08:28 PM | 23 Apr, 2018
CPEC now includes a luxury golf course in Gwadar
GWADAR - A Chinese state-owned construction firm has been signed up to build a luxury golf development in Pakistan under the umbrella of the $62 billion China-Pakistan Economic Corridor (CPEC).

The China Pak Golf Estates is planned as a $265m gated golf community spread over 6.7 million square feet in the port city of Gwadar on Pakistan’s Arabian Sea coast.

Gwadar is the terminus of the CPEC, a network of roads, energy projects, and industrial developments linking western China down the length of Pakistan to the Arabian Sea, a flagship of China’s Belt and Road initiative.

https://en.dailypakistan.com.pk/headline/china-raises-cpec-investment-to-62billion/

London-based developer CPIC signed a memorandum of understanding with China Civil Engineering Construction Corporation (CCECC) to build the community on Friday.

CPIC is a private investment company developing money-making schemes in Gwadar on the back of CPEC, which is being financed and built by Chinese entities.

CCECC is a large builder, and a subsidiary of China Railway Construction Corporation.

The writer is a member of the staff.

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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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