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Islamabad sides with Beijing after tribunal ruling on South China Sea

09:08 AM | 13 Jul, 2016
Islamabad sides with Beijing after tribunal ruling on South China Sea
ISLAMABAD - Islamabad has reiterated its support to Beijing on South China Sea issue following the ruling of an international tribunal which declared that China had no historical rights in the region.

In a statement issued to media, Foreign Office Spokesman Nafees Zakaria said Pakistan maintains that disputes over the South China Sea should be peacefully resolved, through consultations and negotiations by states directly concerned.

The issue should be discussed in accordance with bilateral agreements and the Declaration on the Conduct of Parties in the South China Sea, he went on to say. He said that Pakistan opposes any imposition of unilateral will on others.

The spokesman said Pakistan believes maintenance of peace and security is the collective responsibility of all parties to the South China Sea.

"Countries outside the region should fully respect efforts made by China and the ASEAN countries to safeguard peace and stability in the South China Sea, and play a constructive role to this end," the statement said.

Earlier on Tuesday, the tribunal ruled against China’s claims it had “historical rights” in the South China Sea in a bitter dispute that risks further stoking regional tensions.

More than three years after the Philippines asked the permanent court of arbitration in The Hague to dismiss many of China’s sweeping claims in the resource-rich region.

The court said Beijing’s claim of virtual sovereignty over nearly all the South China Sea under a so-called “nine-dash line” runs contrary to UNCLOS, which sets a country’s maritime boundaries 22 kilometres from its coast, and control over economic activities up to 370 kilometres from its coast.

The court ruled China had violated Manila’s sovereign rights by interfering with Philippine fishing and oil exploration activities in the area.

“China had violated the Philippines’ sovereign rights in the exclusive economic zone by interfering with Philippine fishing and petroleum exploration, by constructing artificial islands and failing to prevent Chinese fishermen from fishing in the zone,” the PCA added.

Reacting to the development, Chinese President Xi Jinping rejected the ruling and said “China’s territorial sovereignty and maritime interests in the South China Sea” will not be affected.

It is also pertinent to be mentioned here that China had boycotted the proceedings at the court, saying the body has no jurisdiction over the dispute, and insisted it will not accept, recognise or implement any ruling on the South China Sea, despite being a signatory to UNCLOS along with the Philippines.

In a statement issued just hours before the Hague panel announced its decision, a spokesman for China’s foreign ministry said it would not accept “any so-called material” from the court.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 21 May 2024

Pakistani currency rates against US Dollar and other currencies on May 21, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.7 for buying and 280.35 for selling.

Euro moved up to 298 for buying and 301 for selling while British Pound rate is 350.5 for buying, and 354 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 21 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 298 301
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 183 184.80
Bahrain Dinar BHD 739 747.8
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.89
Danish Krone DKK 40.53 40.65
Hong Kong Dollar HKD 35.65 36.31
Indian Rupee INR 3.34 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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