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National Bank of Pakistan issues Exchange Rates

September 22, 2020: Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates.                         

 
CURRENCY           SYMBOL   TT-Selling   TT-Buying    
U.S DOLLAR          USD         166.75      165.75               
EURO                EUR         196.24      195.64               
JAPANESE YEN        JPY         1.5951      1.5902    
BRITISH POUND       GBP         213.80      213.13             
SWISS FRANC         CHF         182.36      181.74   
CANADIAN DOLLAR     CAD         125.35      124.97              
AUSTRALIAN DOLAR    AUD         120.44      120.07   
SWEDISH KRONA       SEK          18.91       18.85       
NORWEGIAN KRONE     NOK          17.96       17.90               
DANISH KRONE        DKK          26.38       26.29           
NEWZEALAND DOLLAR   NZD         111.34      111.00        
SINGAPORE DOLLAR    SGD         122.42      122.04   
HONGKONG DOLLAR     HKD          21.60       21.53               
KOREAN WON          KRW         0.1434      0.1427       
CHINESE YUAN        CNY          24.70       24.63          
MALAYSIAN RINGGIT   MYR          40.34       40.17            
THAI BAHT           THB          05.32       05.30              
U.E.A DIRHAM        AED          45.40       45.26               
SAUDI RIYAL         SAR          44.51       44.28       
QATAR RIYAL         QAR          45.81       45.65         
KUWAITI DINAR       KWD         546.29      542.87         
       
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD         166.2767       
GBP         213.466        
EUR         196.1234
JPY           1.5976      

    

SETTLEMENT DATE: 24-09 2020

APP

China lauds President Alvi’s remarks about CPEC’s connectivity, benefits...

September 22, 2020: China has appreciated President Dr Arif Aliv’s remarks about China Pakistan Economic Corridor (CPEC), its role for boosting regional connectivity, and benefits to Afghanistan and Central Asian Republics (CARs).

“Just as President Alvi pointed out, the CPEC not only benefits the people of China and Pakistan but will also boost the development of other countries in the region and elevate connectivity and economic cooperation throughout the entire region,” Chinese Foreign Ministry’s Spokesperson Wang Wenbin told APP in a response to a question in this regard.

“We have noted President Alvi’s remarks,” he said and added, “The CPEC is an important pilot program of the Belt and Road Initiative (BRI) and a flagship in China-Pakistan cooperation.”

He remarked that since its launch six years ago, major progress had been achieved with a large number of projects starting construction or being completed and more than $25 billion direct investment flowing into Pakistan.

“The completed projects have greatly improved transportation infrastructure and electricity supply in Pakistan, created over 70,000 direct employment opportunities, contributed between one percentage point and two to its annual GNI growth, and enhanced socioeconomic growth and people’s well-being,” he added.

Wang said, “China firmly supports CPEC development and stands ready to work together with Pakistan to act on our leaders’ consensus and, on the basis of continued solid progress in infrastructure development, focus on cooperation in social welfare, industrial and agricultural cooperation, to turn the CPEC into a demonstration project for high-quality BRI development and deliver more benefits for the two countries and regional countries.”

It may be mentioned that President Dr. Arif Alvi in a telephonic talk with his Turkmen counterpart Gurbanguly Berdimuhamedov had said that China Pakistan Economic Corridor (CPEC) would boost regional connectivity and particularly Afghanistan and Central Asian Republics would benefit from its road and railway infrastructure. He also highlighted the importance of Gwadar seaport.

APP

PM lauds Chinese leadership for socio-economic priorities

September 22, 2020: Prime Minister Imran Khan has lauded the priorities of the Chinese leadership for its people, which have played a remarkable role in China’s socio-economic transformation.

Talking to Chinese Ambassador Yao Jing, who paid a farewell call on him in Islamabad, he said there is a lot to learn from Beijing’s example of economic development and poverty alleviation.

During the call, the Prime Minister appreciated the efforts of Ambassador Yao in further deepening and strengthening Pakistan-China “All-Weather Strategic Cooperative Partnership”.

He conveyed that the people of Pakistan are keenly looking forward to welcoming President Xi Jinping to their country.

The Prime Minister underlined that during the ambassador’s tenure, China-Pakistan Economic Corridor (CPEC) had entered the second phase focusing on industrialization, agriculture and socio-economic development, and it would play a key role in promoting regional growth and prosperity.

Ambassador Yao Jing emphasized that with the prime minister’s personal focus on poverty alleviation and people-centered approach, CPEC has entered into its second phase, and would deliver substantial and immense benefits not only to the people of Pakistan but also the entire region.

Ambassador Yao said Pakistan’s policy of smart lockdown in containing COVID-19 is internationally recognized and could be followed as a model by others to deal with its possible second wave.

Radio Pakistan

Pakistan, Hungary agree to expand bilateral ties in diverse...

September 22, 2020: Pakistan and Hungary have agreed to expand bilateral parliamentary relations and intensify cooperation in energy and trade sectors for tapping unexplored potential in Pakistan.

It was stated during a meeting of Charge d' Affairs Republic of Hungary with the Speaker National Assembly at Parliament House in Islamabad, Speaker Assad Qaiser said that Pakistan attaches immense value to its friendly relations with Hungary and desires for enhancing long-lasting cooperation.

The Speaker said that there are plenty of investment opportunities in agriculture, energy, tourism, and infrastructure in Pakistan that could benefit Hungarian investors.

He appreciated the Hungarian scholarship program for Pakistani students to study in Hungary and stressed the need to expand bilateral parliamentary relations.

In response, the Hungarian Charge d’ Affairs Tivadar Takacas said that his country also desires to strengthen its ties with Pakistan.

He agreed that parliamentary interaction would help in bringing both the countries closer.

Radio Pakistan

 

Govt making all-out efforts to reform system of subsidies:...

September 22, 2020: Prime Minister Imran Khan has said it is a top priority of the government to ensure that subsidies are reaching the deserving people.

He was chairing a meeting in Islamabad on Monday on making the system of subsidies provided by the government in various sectors transparent and systematic.

The Prime Minister said the government is making all-out efforts to reform the system of subsidies in different sectors for the purpose.

He said subsidies provided from the state exchequer are aimed at supporting the weaker sections of the society and promoting socio-economic development.

The Prime Minister said taking advantage of the loopholes in the subsidy system by the undeserving people is not only a wastage of government resources but also a waste of the rights of the deserving.

The Prime Minister appreciated the efforts of the think-tank and directed that a roadmap be drawn for each viable proposal, keeping in view the government's priorities so that they can be implemented in a phased manner.

Radio Pakistan

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