ABU DHABI – The United Arab Emirates has withdrawn from a maritime coalition led by the United States, according to the UAE Ministry of Foreign Affairs.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.
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)
|UK Pound Sterling||GBP||353.3||357|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.58||176.58|
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.
|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|