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US decides to scrap $300m CSF payment to Pakistan

Associated Press of Pakistan 09:50 AM | 2 Sep, 2018
US decides to scrap $300m CSF payment to Pakistan
NEW YORK - The Pentagon is seeking to reallocate $300 million Coalition Support Fund (CSF) payment to Pakistan due to "Islamabad's lack of decisive actions” in support of regional American strategy, the US Military official confirmed on Saturday.

The US has been pushing Pakistan to crack down on alleged militant safe havens in the country — Islamabad denies any safe havens on its soil— and announced a freeze on aid at the beginning of the year that an official said could be worth almost $2 billion.

“Due to a lack of Pakistani decisive actions in support of the South Asia Strategy... $300m (actually $323.6m to include non-Pakistan funds) was reprogrammed by the Defense Department in the June/July 2018 time frame for other urgent priorities,” Lieutenant Colonel Kone Faulkner said in an email to AFP.

The US defence department “is awaiting a congressional determination on whether this reprogramming request will be approved or denied,” Faulkner said.

Pakistan has fought fierce campaigns against homegrown militant groups and says it has lost thousands of lives and spent billions of dollars in its long war on extremism.

But US officials accuse Islamabad of ignoring or even collaborating with groups that attack Afghanistan from alleged safe havens along the border between the two countries.

The White House believes that a Pakistani crackdown could be pivotal in deciding the outcome of the long-running war in Afghanistan.

What is CSF?

Coalition Support Funds (CSF) refers to money from the Defense Emergency Response Fund (DERF) that is eligible to be used to reimburse coalition partners for logistical and military support to U.S. military operations.

For Pakistan specific, the CSF that is technically not an aid but service payments for providing logistical and operational support to the US-led military operations in Afghanistan.

US frustration boils over before

President Donald Trump's predecessor Barack Obama authorised drone strikes on Pakistani soil and sent US commandos to kill Osama bin Laden in his Abbottabad hideout.

But Trump's aggressive language has especially angered Pakistani officials. “The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools,” Trump wrote on Twitter at the beginning of the year.

“They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more!”

Pakistani leaders disputed the $33b figure, insisting that around half of the money relates to reimbursements, and the prime minister's office accused Trump of ignoring the great sacrifices the country has made to fight extremism.

In March, a senior US official said that Pakistan has “done the bare minimum to appear responsive to our requests,” and concerns over a lack of action by Islamabad against militant groups still persist.

“We continue to press Pakistan to indiscriminately target all terrorist groups,” Faulkner had said.

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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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 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.

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 205,200 PKR 2,430
Karachi PKR 205,200 PKR 2,430
Islamabad PKR 205,200 PKR 2,430
Peshawar PKR 205,200 PKR 2,430
Quetta PKR 205,200 PKR 2,430
Sialkot PKR 205,200 PKR 2,430
Attock PKR 205,200 PKR 2,430
Gujranwala PKR 205,200 PKR 2,430
Jehlum PKR 205,200 PKR 2,430
Multan PKR 205,200 PKR 2,430
Bahawalpur PKR 205,200 PKR 2,430
Gujrat PKR 205,200 PKR 2,430
Nawabshah PKR 205,200 PKR 2,430
Chakwal PKR 205,200 PKR 2,430
Hyderabad PKR 205,200 PKR 2,430
Nowshehra PKR 205,200 PKR 2,430
Sargodha PKR 205,200 PKR 2,430
Faisalabad PKR 205,200 PKR 2,430
Mirpur PKR 205,200 PKR 2,430

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