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Pakistan slams India’s high handedness in seizure of commercial goods

11:00 AM | 3 Mar, 2024
Pakistan slams India’s high handedness in seizure of commercial goods

ISLAMABAD – Pakistan expressed strong condemnation on Saturday regarding India’s seizure of commercial goods imported by a Karachi-based commercial entity.

Responding to inquiries from the media regarding India’s actions, a spokesperson from the Foreign Office issued a statement denouncing what they described as the Indian media’s consistent distortion of facts.

The spokesperson clarified, “This pertains to the import of a commercial lathe machine by a Karachi-based commercial entity, which provides parts to Pakistan’s automobile industry. The equipment’s specifications clearly indicate its intended commercial usage. The transaction was conducted through transparent banking channels, accompanied by all necessary documentation.”

The statement emphasized that the affected private entities are actively pursuing resolution against this unjustified seizure.

“Pakistan strongly condemns India’s arbitrary seizure of commercial goods. This disruption of free trade highlights the risks associated with states assuming policing roles without credible justification,” the spokesperson declared.

Furthermore, the spokesperson underscored how such actions exemplify certain states’ growing tendency to act with impunity, disregarding international norms and violating international law.

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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