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

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.

https://en.dailypakistan.com.pk/headline/us-decides-to-scrap-300m-anti-terrorism-aid-to-pakistan/

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 unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

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

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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