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Pakistan 'closely monitoring' developments in Myanmar after military coup

08:10 PM | 1 Feb, 2021
Pakistan 'closely monitoring' developments in Myanmar after military coup

ISLAMABAD – Pakistan has hoped that all parties in Myanmar will exercise restraint, uphold the rule of law, engage constructively and work towards a peaceful outcome.

Commenting on the military coup in Myanmar, Foreign Office Spokesperson Zahid Hafeez Chaudhri said they are closely following the developments there.

The Myanmar army toppled the elected government early on the morning of February 1st after detaining de-facto leader Aung San Suu Kyi and other politicians.

The army declared a year-long state of emergency and handed power to the commander-in-chief, Min Aung Hlaing. Soldiers have been deployed to the streets of the capital, Naypyidaw, and the largest city, Yangon, where they have erected blockades on major roads.

The military said that it launched coup just in response to “election fraud” and handed over power to military chief Min Aung Hlaing and declared a state of emergency for one year, according to a statement on a military-owned television station.

Following the military coup on Monday morning, all the telephone lines to capital Naypitaw and main commercial centre of Yangon were not reachable, and state tv was also seized just hours before parliament had been due to sit for the first time since the NLD’s landslide election win in November.

Banks have temporarily halted all financial services, according to the Myanmar Banks Association.

The coup comes after tensions rose between the civilian government and the military following a disputed election.

Myanmar, also known as Burma, was ruled by the military until democratic reforms began in 2011.

In November's election, Ms Suu Kyi's National League for Democracy (NLD) won enough seats to form a government.

Britain, the United States and other countries have condemned the coup.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

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

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 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
Norwegians 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 Bhat THB 7.57 7.72

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