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India finds mega reserves of lithium in occupied Kashmir

05:00 PM | 10 Feb, 2023
India finds mega reserves of lithium in occupied Kashmir
Source: Representational Image

NEW DELHI – India has discovered huge reserves of lithium metal in Reasi district of illegally occupied Jammu and Kashmir.

The Jammu and Kashmir is a disputed region between Pakistan and India. In 2019, India revoked the special status of occupied Kashmir by withdrawing Article 370 of its constitution that guaranteed special rights to the Muslim-majority state. The move was widely condemned by Pakistan and Kashmiri leaders.

The Indian Ministry of Mines announced the development about the discovery of Lithium a soft, silvery-white non-ferrous metal that is a key component in batteries

"Geological Survey of India for the first time established lithium inferred resources (G3) of 5.9 million tonnes in the Salal-Haimana area of the Reasi district of Jammu and Kashmir," the UAE-based National News quoted the ministry as having said.

India is currently dependent on lithium imports as it is making efforts to promote the use of electric vehicles that run on batteries in order to reduce carbon emission. The lithium discovery in occupied region would be exploited by the India to achieve its EV goals.

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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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