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First commercial shipment from Gwadar leaves for UAE

05:58 PM | 7 Mar, 2018
First commercial shipment from Gwadar leaves for UAE
QUETTA - China’s state-owned shipping and logistics services supplier company (COSCO) on Wednesday dispatched the first ever commercial shipment from Pakistan’s port city of Gwadar to UAE, marking the start of a new era of global trade from this South Asian country.

The shipment of China Ocean Shipping Company, carrying containers of seafood, left for Dubai’s Jebel Ali port.

Addressing a ceremony in the Balochistan city, Federal Minister for Maritime Affairs Chaudhary Jaffar Iqbal said today the Gwadar port has been made operational from commercial shipments. Every week, a commercial cargo ship will leave for different countries from Gwadar, allowing the traders from Pakistan and Central Asia to sell their products across the globe.



In his address, Gwadar Port Chairman Dostain Khan Jamaldini said a ship carrying raw material will leave for different countries from the port every week.

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

“The [Pakistani] government has left no stone unturned to develop Gwadar port,” said Jamaldini, also giving credit to China for its efforts in building the international trade hub.



On Tuesday, Chairman and CEO of China Overseas Ports Holding Company, Zhang Baozhong while detailing the initiation of commercial services from Gwadar, said that the Cosco 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,” Baozhong explained.

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.

https://en.dailypakistan.com.pk/headline/pm-abbasi-inaugurates-first-gwadar-expo-2018/

In January, Prime Minister Shahid Khaqan Abbasi had inaugurated the first international ‘Gwadar Expo 2018’. The event organised 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.

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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