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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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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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