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South Korea suspends annual defense drills

02:47 PM | 10 Jul, 2018
South Korea suspends annual defense drills
SEOUL - South Korea's government said Tuesday that it has decided to cancel this year's Ulchi exercise, an annual defense drill intended to examine the state's war preparedness, in consideration of the "changing security circumstances" on the Korean Peninsula.

The decision was reached at a weekly Cabinet meeting early in the day, as the Seoul government has recently refrained from military drills and other moves that might provoke North Korea amid its ongoing denuclearization talks with the United States.

Kim Boo-kyum, minister of the interior, announced the decision after the Cabinet meeting, saying, "The government has decided to temporarily suspend the Ulchi exercise slated for later this year, in accordance with the changing security circumstances and earlier decisions to halt joint military drills between South Korea and the U.S."

The Ulchi exercise, which was launched in 1969 following a raid of North Korean commandos on the presidential residence in Seoul the previous year, is an annual training meant to comprehensively check the state's crisis management capabilities and warfare preparedness. About 480,000 officials from 4,000 government offices and public institutions have participated in the exercise.

In 2008, the Ulchi exercise and the Freedom Guardian exercise, a South Korean-U.S. joint military drill, were integrated into the Ulchi Freedom Guardian (UFG) exercise.

The halt of this year's Ulchi drill was long expected after Seoul and Washington announced the suspension of the Freedom Guardian exercise, slated for August, on June 19, a week after U.S. President Donald Trump promised to stop any "provocative" war games on the Korean Peninsula at his summit talks with North Korean leader Kim Jong-un.

Pyongyang has long decried the UFG and other South Korean-U.S. joint military drills as an invasion rehearsal.

Minister Kim said that, beginning next year, Seoul plans to combine Ulchi with the South Korean military's "Taegeuk" exercise to introduce a new defense drill, tentatively named the "Ulchi Taeguk" exercise, that will also involve the private sector.

"The Ulchi Taeguk exercise will be intended to guard against terrorism and large-scale disasters, as well as armed attacks from outside," the minister said.

Defense Minister Song Young-moo also told reporters that the military's Taeguk exercise slated for June will be carried out in late October due to the suspension of the UFG.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Today Open Market Currency Rates - Pak Rupee to US Dollar, Euro, Pound, Riyal - 23 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 23, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.7 for buying and 280.85 for selling.

Euro's buying rate stands at 294.3 and selling rate is 297.9 while British Pound rate is 352 for buying, and 355.5 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 72.85.

Currency Rates in Pakistan

Currency Symbol Buying Selling
US Dollar USD 277.7 280.85
Euro EUR 294.3 297.9
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 72.85 73.6
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.98 748.98
Canadian Dollar CAD 202 204
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 908.7 917.7
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.98 172.98
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.75 731.75
Qatari Riyal QAR 76.53 77.23
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.68 26.98
Swiss Franc CHF 315.21 317.71
Thai Bhat THB 7.59 7.74

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