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UAE becomes first Arab state to withdraw from US led maritime coalition

09:16 PM | 5 Jun, 2023
UAE becomes first Arab state to withdraw from US led maritime coalition
Source: File Photo

ABU DHABI – The United Arab Emirates has withdrawn from a maritime coalition led by the United States, according to the UAE Ministry of Foreign Affairs.

"As a result of our ongoing evaluation of effective security cooperation with all partners, the UAE withdrew its participation in the Combined Maritime Forces two months ago," the ministry said in a statement quoted by state news agency WAM on Wednesday.

The UAE also stated that it is dedicated to conversation and diplomatic engagement in order to improve regional security and stability, as well as to ensure navigation safety near its shores in accordance with international law.

The decision marks a watershed moment in the region's geopolitical landscape, altering the dynamics of international maritime security cooperation.

The task force of 34 nations was formed to combat terrorism and piracy in the Red Sea and Gulf regions. It is based at the US naval station in Bahrain.

The region has some of the world's most vital shipping routes, and there have been a number of attacks on vessels during periods of tension between the United States and Iran since 2019.

The UAE had been a major participant in the US-led coalition due to its strategic location along important maritime trade routes.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 29, 2023

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 September 29, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 286.05 289.15
Euro EUR 307 310
UK Pound Sterling GBP 353.3 357
U.A.E Dirham AED 80 80.8
Saudi Riyal SAR 76 76.75
Australian Dollar AUD 189 191
Bahrain Dinar BHD 778.84 786.84
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.24 40.64
Danish Krone DKK 41.83 42.23
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.63 1.71
Kuwaiti Dinar KWD 945.27 954.27
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.58 176.58
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.31 770.31
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 323.01 325.51
Thai Bhat THB 8.12 8.27

Gold Rate in Pakistan Today – September 29, 2023

Today Gold Rate in Pakistan

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Friday.

The price of 10 grams of 24k gold was recorded at Rs 176,270. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

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.

Today Gold Price in Pakistan - 29 September 2023

City Gold Silver
Lahore PKR 205,600 PKR 2,465
Karachi PKR 205,600 PKR 2,465
Islamabad PKR 205,600 PKR 2,465
Peshawar PKR 205,600 PKR 2,465
Quetta PKR 205,600 PKR 2,465
Sialkot PKR 205,600 PKR 2,465
Attock PKR 205,600 PKR 2,465
Gujranwala PKR 205,600 PKR 2,465
Jehlum PKR 205,600 PKR 2,465
Multan PKR 205,600 PKR 2,465
Bahawalpur PKR 205,600 PKR 2,465
Gujrat PKR 205,600 PKR 2,465
Nawabshah PKR 205,600 PKR 2,465
Chakwal PKR 205,600 PKR 2,465
Hyderabad PKR 205,600 PKR 2,465
Nowshehra PKR 205,600 PKR 2,465
Sargodha PKR 205,600 PKR 2,465
Faisalabad PKR 205,600 PKR 2,465
Mirpur PKR 205,600 PKR 2,465

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