The US dollar gained 15 paise against the Pakistani rupee in interbank trading on the first business day of the business week.
The new price of the greenback reached Rs 278.35. The US currency closed at Rs 278.20 on Friday. Investors are waiting for the new monetary policy of the Central Bank of Pakistan.
According to the joint statement of the two countries, China and Pakistan have agreed to promote mining cooperation and promote the implementation of the Agreement on Mining Development and Strengthening Industrial Cooperation.
Pakistan Prime Minister Shahbaz Sharif visited Beijing from June 4 to 8, seeking to upgrade cooperation under the multibillion-dollar China-Pakistan Economic Corridor (CPEC), Beijing’s Belt and Road Initiative. is an important part of
According to a joint statement published by the Chinese Foreign Ministry, the countries will promote investment by Chinese firms in Pakistan’s mining industry, and strengthen planning for mining industry parks, including Kutch. Deep processing of metals.
US dollar thrashes Pakistani Rupee in interbank
China will strengthen cooperation with Pakistan in areas such as offshore oil and gas resources and natural gas hydrates and encourage Chinese firms to participate in the development of offshore oil and gas blocks in Pakistan, the statement said. .
Chinese investment and financial support for Pakistan since 2013 has been a boon to the South Asian country’s struggling economy, including debt repayments to help Islamabad meet its external financing needs at a time when foreign Reserves are extremely low.
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Beijing has invested more than $65 billion in roads, infrastructure, and development projects under the China-Pakistan Economic Corridor as part of the Belt and Road Initiative.
