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Pakistan welcomes normalisation of ties between Saudi Arabia and Qatar

02:58 PM | 5 Jan, 2021
Pakistan welcomes normalisation of ties between Saudi Arabia and Qatar

ISLAMABAD – Pakistan welcomed the decision by the Kingdom of Saudi Arabia and the State of Qatar to reopen the land, air and sea borders between the two countries.

“We also appreciate other steps being taken by the countries of the Gulf Cooperation Council (GCC), which will contribute to resolution of outstanding issues between the countries of the organization persisting for almost four years,” a statement issued by the Foreign Office.

Pakistan lauds the positive role played by the Emir of Kuwait towards the resolution of the differences between the countries of the GCC. His persistent and sincere efforts, and cooperation of the GCC countries, led to this important and amicable outcome.

“We hope that the GCC Summit, being held today in Al-Ula, will further build on these encouraging developments and lead to enhanced confidence and cooperation among the countries of the organization,” it added.

Pakistan continues to accord high importance to its relationship with the Gulf Cooperation Council, as well as its bilateral relations with all GCC countries.

Earlier today, Saudi Arabia opened its land borders with Qatar to resolve a long-standing political dispute led by Riyadh and its allies.

The development happened on the eve of the Gulf Cooperation Council (GCC) summit. and could help ending a three-year-old conflict, reported Al-Jazeera.

Earlier, Kuwaiti Foreign Minister Amhad Nasser Al Sabah announced that Riyadh would be opening its airspace and land and sea borders for Qatar starting from this evening.

He also said that Kuwaiti Emir Sheikh Nawaf Al Ahmad Al Sabah spoke to Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Saudi Crown Prince Mohammed bin Salman, adding that both the sides have expressed their keen for reunification.

All the three leaders are to meet and sign a statement to revamp brotherly relations.

In mid-2017, Saudi Arabia, United Arab Emirates (UAE), Egypt and Bahrain had imposed a commercial and diplomatic blockade on Qatar, closed land borders and blocked Qatar’s airspace.

These four Arab nations imposed 13 demands to return to normal with Doha, including ceasing its alleged support for terror groups, a shutdown of a Turkish military base, closure of the Al-Jazeera TV network and scaling down contacts with Iran.

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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 1, 2023 (Wednesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 269.9 272.85
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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