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Pakistan to promote relations with US on mutual trust, respect: FM Qureshi

Muhammad Irfan 10:45 PM | 2 Sep, 2018
Pakistan to promote relations with US on mutual trust, respect: FM Qureshi
ISLAMABAD - Foreign Minister Shah Mehmood Qureshi says Pakistan will promote relations with the US based on mutual trusts, respect and dignity. The US stoppage of $300 million was the money it owed to Pakistan in Coalition Support Funds (CSF), adding that it cannot be described as American aid.

Talking to media at Foreign Office on Sunday evening, he said Pak-US relations were at the standstill when the new government came to power as the previous government did nothing to improve them.

“US Secretary of State Mike Pompeo is visiting Pakistan on September 5. We will present our point of view to the US diplomat,” FM Qureshi said.

“We will try to revive the stalled bilateral ties according to the principles of mutual respect and understanding.”

"It was not aid. It was our money which was spent on the country’s participation in the US war against terrorism, he said.

Earlier, the US military said it has made a final decision to cancel $300 million in aid to Pakistan that had been suspended over alleged failure to take decisive action against militants, in a new blow to deteriorating ties.

The so-called Coalition Support Funds (CSF) were part of a broader suspension in aid to Pakistan announced by President Donald Trump at the start of the year when he accused Pakistan of rewarding past assistance with “nothing but lies & deceit.”

US Defense Secretary Jim Mattis, in particular, had an opportunity to authorize $300 million in CSF funds through this summer - if he saw concrete Pakistani actions to go after insurgents. Mattis chose not to, a US official told the international media.

“Due to a lack of Pakistani decisive actions in support of the South Asia Strategy the remaining $300 (million) was reprogrammed,” Pentagon spokesman Lieutenant Colonel Kone Faulkner said.

Faulkner said the Pentagon aimed to spend the $300 million on “other urgent priorities” if approved by Congress. He said another $500 million in CSF was stripped by Congress from Pakistan earlier this year, to bring the total withheld to $800 million.

Muhammad Irfan

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to ...

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 8, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 276.9 280.15
Euro EUR 296.12 296.74
UK Pound Sterling GBP 331.78 332.48
U.A.E Dirham AED 75.06 75.36
Saudi Riyal SAR 73.48 73.79
Australian Dollar AUD 190.31 192.71
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.45
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.18
Norwegians Krone NOK 27.12 27.41
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs199,500 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs171,040.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 199,500 PKR 2,340
Karachi PKR 199,500 PKR 2,340
Islamabad PKR 199,500 PKR 2,340
Peshawar PKR 199,500 PKR 2,340
Quetta PKR 199,500 PKR 2,340
Sialkot PKR 199,500 PKR 2,340
Attock PKR 199,500 PKR 2,340
Gujranwala PKR 199,500 PKR 2,340
Jehlum PKR 199,500 PKR 2,340
Multan PKR 199,500 PKR 2,340
Bahawalpur PKR 199,500 PKR 2,340
Gujrat PKR 199,500 PKR 2,340
Nawabshah PKR 199,500 PKR 2,340
Chakwal PKR 199,500 PKR 2,340
Hyderabad PKR 199,500 PKR 2,340
Nowshehra PKR 199,500 PKR 2,340
Sargodha PKR 199,500 PKR 2,340
Faisalabad PKR 199,500 PKR 2,340
Mirpur PKR 199,500 PKR 2,340

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