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America officially stands with Pakistan on the most important Indo-Pak issue

01:51 PM | 3 Oct, 2016
America officially stands with Pakistan on the most important Indo-Pak issue
WASHINGTON - The United States has called on Pakistan and India to abide by the Indus Water Treaty (IWT) despite ongoing bilateral tensions, calling the agreement "a model for peaceful cooperation."

The Indus Water Treaty was signed by Pakistan and India in 1960 with the World Bank as a third party to ensure the implementation of the accord. It had settled the 13-year-long water dispute between the two neighboring states.

The treaty has withstood three large-scale wars and the 1999 Kargil conflict between Pakistan and India, however, India hinted it unilateral abrogation of the IWT after September 18 Uri attack which claimed lives of 18 Indian troops in the Occupied Kashmir.

Indian Prime Minister Narendra Modi also chaired a top level meeting in New Delhi to review the agreement last week. No clear statement was released about the annulment of the Indus Water Treaty after the meeting.

Responding to the queries of the Dawn newspaper, a spokesperson for the US State Department said: "The Indus Waters Treaty has served as a model for peaceful cooperation between India and Pakistan for over 50 years."

"We hope and encourage India and Pakistan to resolve any differences through bilateral dialogue,” the US official was further quoted as saying by the newspaper.

Pakistani officials have already approached the World Bank officials in Washington to counter any Indian move to withdraw the Indus Water Treaty. Pakistan said any move to revoke the IWT agreement would be a violation of international laws.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.


Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
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 3.33 3.44
Japanese Yen JPY 1.86
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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