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.
Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.
On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.
Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.
UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||360||363|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price moved up down in the local market in line with massive increase in international market.
On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.
Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.
In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.
|Lahore||PKR 218,000||PKR 2,610|
|Karachi||PKR 218,000||PKR 2,610|
|Islamabad||PKR 218,000||PKR 2,610|
|Peshawar||PKR 218,000||PKR 2,610|
|Quetta||PKR 218,000||PKR 2,610|
|Sialkot||PKR 218,000||PKR 2,610|
|Attock||PKR 218,000||PKR 2,610|
|Gujranwala||PKR 218,000||PKR 2,610|
|Jehlum||PKR 218,000||PKR 2,610|
|Multan||PKR 218,000||PKR 2,610|
|Bahawalpur||PKR 218,000||PKR 2,610|
|Gujrat||PKR 218,000||PKR 2,610|
|Nawabshah||PKR 218,000||PKR 2,610|
|Chakwal||PKR 218,000||PKR 2,610|
|Hyderabad||PKR 218,000||PKR 2,610|
|Nowshehra||PKR 218,000||PKR 2,610|
|Sargodha||PKR 218,000||PKR 2,610|
|Faisalabad||PKR 218,000||PKR 2,610|
|Mirpur||PKR 218,000||PKR 2,610|