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Pakistan-China Friendship Hospital in Gwadar prepares for first patients

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BEIJING, Jan 3 (APP): The Pakistan-China Friendship Hospital in the port city of Gwadar is preparing to admit its first patients.

The foundation stone for the hospital was laid in 2020. It’s part of the China-Pakistan Economic Corridor and it’s been called a symbol of the two countries’ deep-rooted friendship.

Zhou Wenwei, Chief Consultant, Pakistan-China Friendship Hospital told CGTN, “China and Pakistan have a long history of friendship, and in the course of the Belt and Road Initiative, China wanted to invest in this hospital in Gwadar to benefit the local people.” Just days before its formal inauguration, I was given exclusive access to the 150-bed facility.

“The Pak-China Friendship Hospital is equipped with modern facilities and advanced medical technology, ensuring that residents of Gwadar and the surrounding areas have access to high-quality healthcare. Essential healthcare services were previously limited in the region.

DR Aftab Head of Indus Hospital Campus, Gwadar said, This hospital is equipped with state-of-the-art equipment, the construction is beautiful, and it will serve the purpose for the next twenty-five years. The people of this area have a lot of respect for the Chinese people, and we are also very thankful to them that they have provided us with this health facility.”

China’s commerce ministry funded the project which cost an estimated 30.5 million dollars and covers an area of eight acres. From emergency services to specialized medical care, the hospital can cater to a wide range of health needs, treating both common ailments and complex medical conditions.

It’s also expected to benefit the local economy by creating new employment opportunities and encouraging local businesses that contribute to the overall social economic development of the area.

Pakistani traders ride county’s booming economy

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BEIJING, Jan 3 (APP): More Pakistani traders are settling in the Tashikurgan Tajik autonomous county of Kashgar, China’s Xinjiang Uygur autonomous region, to tap the strong business potential.

As the county is close to their homes, they said it’s easy to commute and fit into the local community. Booming tourism also brings more tourists, which benefits their businesses.
Murad Shah, a Pakistani jeweler, said his gemstone store in the county has welcomed about 100 to 200 tourists a day after it resumed operations in April.

He said his business is starting to recover after China optimized its COVID-19 policies. “There are a lot of tourists. The county has a diverse culture and landscape, and so many good attractions to see,” he said, adding he is hopeful about the future, China Daily reported.

One good reason for him to open a store in the county is that his hometown, a small village in Pakistan, is just 200 kilometers away, which can be reached in only three hours by car. Another reason is that China is developing very fast with a sound economy, he said.

“Many Pakistanis prefer to do business here because there is money here,” Shah said. At the store of Pakistani merchant Nazar Karim Ali, visitors come to buy gemstones, jewelry, blankets, cotton bed sheets, clothes and handicrafts, all made in Pakistan.

Karim is the second generation of business owners in his family. His father and uncle exported silk from China between 1989 and 1992. He said over the last 32 years, the county has made him feel at home, and he shares the same culture with local people.

Many initiatives such as the Belt and Road Initiative and the China-Pakistan Economic Corridor have made it very easy to do business, Karim said. There are good opportunities for Chinese people to invest in Pakistan, which also benefits Pakistanis, he said. Located on the Pamir Plateau, the county, with an area of 25,000 square kilometers and a population of 41,000, is the only one in China that borders three countries — Pakistan, Tajikistan and Afghanistan.

It has two land ports — the Khunjerab Pass is 125 km from Sust Port in Pakistan, and the Karasu Port is only 14 km from Kulma Pass in Tajikistan.

Due to the ease of transportation, Tashikurgan Tajik trades with neighboring countries frequently, importing mainly minerals, agricultural products, and seafood while exporting textiles and clothing, mechanical and electrical products, and household goods, according to local authorities.

The number of tourist visits reached more than 1.34 million from January to late December, up 86 percent year-on-year, with May to October the peak season.

Tourists are lured by the county’s many unique attractions such as the 7,546-meter Mount Muztagata and Mount Qogir, or K2, the world’s second-highest peak at 8,611 meters, and a 2,000-year-old ancient stone city.

APP/asg

Former Finance Minister Sartaj Aziz passes away

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ISLAMABAD, Jan 02 (APP):A veteran politician, renowned economist, former Finance Minister and a PML(N) leader Sartaj Aziz passed away on Tuesday. He was 94.

Ahsan Iqbal, former Minister for Planning and Development confirmed the death of Sartaj Aziz through a Social Media post on X (formerly Twitter).

“Mr Sartaj Aziz has passed away. He was a veteran of Pakistan movement & great asset for the nation. He will be missed very much. His services for the nation will always be remembered. I had honour of working with him very closely and will never forget his affection and guidance. May Allah Bless his soul and Grant patience to the family Ameen!” Ahsan Iqbal posted on X.

Sartaj Aziz, who got an economics degree from Punjab University and later studied public administration at Harvard Kennedy School, served in the federal government as a civil servant from 1952 to 1971.

Aziz also served in senior positions in the Food and Agriculture Organization and the International Fund for Agricultural Development from 1971 and 1984.

Later, Sartaj Aziz returned to Pakistan in 1984 and served as Minister of State for Agriculture and Food Security until 1988 during the government of Muhammad Khan Junejo.

He was elected to the Senate of Pakistan in 1988 and re-elected in 1993 from PML-N, and served in both Nawaz Sharif governments, first as the Minister of Finance from August 1990 to June 1993 and Minister of Foreign Affairs from August 1998 to October 1999.

Sartaj Aziz, who also participated in the Pakistan Movement, was decorated with Tamgha-e-Pakistan and Sitara-e-Khidmat awards in 1959 and 1967, respectively.

Currency rates of NBP

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KARACHI, Jan 03 (APP): Following are the selling/buying
rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday.

CURRENCY SELLING BUYING
USD 285.17 279.03
GBP 360.49 352.66
EUR 312.64 306.38
JPY 2.0096 1.9663
SAR 76.04 74.40
AED 77.66 76.48

 

EXCHANGE RATES FOR CURRENCY NOTES

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Currency rates

KARACHI, Jan 03 (APP): CURRENCY SELLING BUYING
USD 285.17279.03
GBP 360.49 352.66
EUR 312.64 306.38
JPY 2.0096 1.9663
SAR 76.04 74.40
AED 77.66 76.48

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.46920
LIBOR 3M 5.59301
LIBOR 6M 5.58598

US DOLLAR Indicative FBP Rates

CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M

USD280.46279.13276.23273.34269.94266.72263.93

EUR 307.55306.30303.47300.69297.34294.13291.44

GBP 354.49352.85349.23345.63341.35 337.28333.76

APP/as/

NBP Exchange Rates

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NBP Exchange Rates

KARACHI, Jan 03 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday the following exchange rates.

URRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 282.35 281.85
EURO EUR 310.11 309.56
JAPANESE YEN JPY 1.9897 1.9862
BRITISH POUND GBP 356.92 356.29
SWISS FRANC CHF 332.49 331.90
CANADIAN DOLLAR CAD 211.89 211.51
AUSTRALIAN DOLAR AUD 191.00 190.67
SWEDISH KRONA SEK 27.85 27.80
NORWEGIAN KRONE NOK 27.32 27.27
DANISH KRONE DKK 41.51 41.43
NEWZEALAND DOLLAR NZD 177.00 176.69
SINGAPORE DOLLAR SGD 212.93 212.56
HONGKONG DOLLAR HKD 36.27 36.21
KOREAN WON KRW 0.2158 0.2154
CHINESE YUAN CNY 39.67 39.60
MALAYSIAN RINGGIT MYR 60.97 60.86
THAI BAHT THB 8.25 08.24
U.E.A DIRHAM AED 77.42 77.28
SAUDI RIYAL SAR 75.29 75.16
QATAR RIYAL QAR 77.58 77.44
KUWAITI DINAR KWD 918.24 916.62

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 281.7694
GBP 359.0869
EUR 310.6226
JPY 1.9912

SETTLEMENT DATE: 05-01-2024

APP/as/

Passenger bus rams into van due to dense fog in DG Khan

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ISLAMABAD, Jan 3 (APP):An overspeeding passenger bus collided with a van near Dera Ghazi Khan due to dense fog on the road in which several passengers were injured early Wednesday morning.
  Rescue 1122 sources said that a bus full of passengers sped straight into a van coming from the opposite direction, a private news channel reported.
 Rescue teams reached the spot and shifted the injured to the hospital.   According to rescue sources, the incident took place due to poor visibility on the road.

Three shops gutted as fire engulfs in Aabpara Market

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ISLAMABAD, Jan 3 (APP): A huge fire broke out here on Wednesday in Aabpara Market Islamabad and engulfed several garment shops, however no casualties were reported.

Rescue spokesman said that the fire completely burnt three shops while materials in the adjacent shop were
damaged.

Fire brigade officials informed that smoke could be seen rising from Aabpara Market where fire spread quickly, and the police were informed of the incident by the area’s residents, a private news channel reported.

The fire brigade was informed about the blaze around 9 o’clock and fire tenders are actively participating in the
operation.

Foreign exchange rates

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Exchange rates

KARACHI, Jan 03 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Wednesday.

CONVERSION RATES FOR JANUARY 03, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE JANUARY 05, 2024

USD 281.7694
GBP 359.0869
EUR 310.6226
JPY 1.9912

Islamabad police urge protestors to cooperate for their own safety

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Islamabad police

ISLAMABAD, Jan 02 (APP): In response to ongoing protests in the capital, Islamabad Capital Police have emphasized the citizens’ right to lawful protest while urging demonstrators to collaborate for enhanced security measures.

In a statement on Tuesday, the police spokesperson highlighted the importance of abiding by legal constraints while exercising the right to protest. The authorities acknowledged the right of citizens to voice concerns within the boundaries of the law.

However, concerns were raised regarding the lack of cooperation from demonstrators outside the press club, who have reportedly refrained from cooperating with the police. The authorities emphasized the need for collaboration to ensure their security.

Protesters have been specifically urged to refrain from entering high-security zones, with authorities expressing their opposition to such actions and warning against violating the law. Threats issued in this regard were also condemned.

The police spokesperson further addressed concerns about the spread of propaganda regarding violence against protesters. The spokesperson stated that no acts of violence or torture had been committed against the demonstrators.
In this regard, the police spokesperson has repeatedly expressed their stance.