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Russian president Vladimir Putin likely to visit Pakistan

10:23 AM | 31 Dec, 2016
Russian president Vladimir Putin likely to visit Pakistan
ISLAMABAD - Russian President Vladimir Putin is likely to visit Pakistan in May next year to inaugurate the US$2 billion Liquefied National Gas (LNG) pipeline project.

According to a report by The News, arrangements for Putin's visit have been initiated as the visit would help shape  bilateral relations between Pakistan and Russia for mutual benefit.

“The high-level visit is supposed to see the Russian president inaugurate the US$2 billion dollar LNG North-South Pipeline Project from Karachi to Lahore, which would have the potential of opening a new era of strategic and political alliance between the two countries,” the sources said as quoted by a leading daily.

Putin is expected to visit Pakistan in May but an official announcement in this regard would be made in April.

The diplomatic sources said the geo-strategic position of Pakistan and challenges and interests shared by the two countries compelled Russia to work for better and expanded bilateral relations with Pakistan, especially in the context of some highly-important political issues.

The sources said Prime Minister Nawaz Sharif, during his meeting with a Russian delegation led by co-chairman of Russia-Pakistan Inter-Governmental Commission (IGC) on Economic, Trade and Scientific Cooperation, formally invited Russian President Vladimir Putin to pay a visit to Pakistan.

Earlier, rumors were rife that Russia showed willingness to join multi-billion dollars China-Pakistan Economic Corridor (CPEC) however, Russian official gainsaid it.

Putin's visit would be pivotal in the aftermath of frayed relations between Russia and US and Pakistan's growing importance in South-Asia.

At present, no official statement from Pakistan and Russia has been given regarding Putin's visit.

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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