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US approves possible sale of F-16 equipment to Pakistan as Trump’s decision reversed

11:29 AM | 8 Sep, 2022
US approves possible sale of F-16 equipment to Pakistan as Trump’s decision reversed
Source: File photo

ISLAMABAD – The US has given a go-ahead for the sale of F-16 aircraft sustainment and related equipment to Pakistan in a deal worth $450 million.

The announcement was made by the US State Department on its Twitter handle, approving the first major security assistance for Pakistan since 2018 when it was ended by former president Donald Trump.

“@StateDept authorizes a Foreign Military Sales #FMS case for #Pakistan for follow on effort and consolidation of prior F-16 sustainment and support cases to support the Pakistan Air Force F-16 fleet valued at up to $450 million,” the State Department wrote on Twitter.

“Pakistan has requested to consolidate prior F-16 sustainment and support cases to support the Pakistan Air Force F-16 fleet by reducing duplicate case activities and adding additional continued support elements,” the Security Cooperation Agency of the US Department of Defense said in its statement.

“This proposed sale will support the foreign policy and national security objectives of the United States by allowing Pakistan to retain interoperability with US and partner forces in ongoing counterterrorism efforts and in preparation for future contingency operations,” the statement read.

The proposed sale will continue the sustainment of Pakistan's F-16 fleet, which greatly improves Pakistan's ability to support counterterrorism operations through its robust air-to-ground capability.

“Pakistan will have no difficulty absorbing these articles and services into its armed forces. The proposed sale of this equipment and support will not alter the basic military balance in the region,” it said.

Earlier this year, Chief of Army Staff (COAS) General Bajwa said that Pakistan had historically excellent relations with US.

“The good army we have today is largely built and trained by US. The best equipment we have is American equipment. We still have deep cooperation with US and our Western friends,” he said in a statement issued by ISPR on April 5, 2022.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 26 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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