IMF-Ecuador agreement behind Assange's arrest, hints The Economist

Haider Ali 04:12 PM | 12 Apr, 2019
IMF-Ecuador agreement behind Assange's arrest, hints The Economist
LONDON - Classified information publisher, WikiLeaks has found a recent agreement between the International Monetary Fund (IMF) and Ecuador as a reason behind the arrest of famed whistleblower Julian Assange.

A recent tweet posted by verified WikiLeaks account points to an article published by the British paper, the Economist, in which it has been revealed that Ecuador was coming closer to international institutions under the rule of President Lenín Moreno which could be the reason behind the arrest of global whistleblower.

'Last month Mr Moreno seemed to complete the policy rupture when his government signed a $4.2bn loan agreement with the imf,' the paper wrote implying that the incumbent leader was deviating from the policies of his predecessor Rafael Correa.

The Economist also quoted one of the statements of Correa who said: because we are bad pupils of the imf, things are going well in Ecuador.

The British publication brands the policy shift as populism to moderation and visibly hints at the growing ties between the country in South America and international financial institution.

Ecuador's former preisdent Correa had granted asylum to Julain Assange in 2012, however, the privilege was withdrawn by incumbent Moreno following which the WikiLeaks co-founder was arrested on Thursday.

The Economist also highlights the declining popularity of Moreno and corruptions allegations him, specifically him buying a flat in Spain - though Moreni denies the charges.

'The aim of the programme agreed with the imf is to put the public finances on a sustainable basis and improve the economy’s competitiveness. It involves an ambitious fiscal adjustment, of five points of gdp over the next three years,' the paper states referring to the package.

The United States announced charges against Julian Assange on Thursday, accusing him of helping Chelsea Manning break into classified computers at the Pentagon.

Britain has assured Ecuador that Assange will not be extradited to a country that has the death penalty, Ecuadorean President Lenin Moreno said on Thursday after Assange's arrest in London.

“In line with our strong commitment to human rights and international law, I requested Great Britain to guarantee that Assange would not be extradited to a country where he could face torture or the death penalty,” Moreno said in a video posted on Twitter.

“The British government has confirmed it in writing, in accordance with its own rules,” he added.

Haider Ali

The writer is a civil servant.


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 January 28, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 263.9 266.15
Euro EUR 275.75 278.5
UK Pound Sterling GBP 313 316
U.A.E Dirham AED 69.75 70.45
Saudi Riyal SAR 67.25 67.9
Australian Dollar AUD 178.5 180.9
Bahrain Dinar BHD 644.19 652.19
Canadian Dollar CAD 187.5 189.70
China Yuan CNY 35.71 36.11
Danish Krone DKK 35.38 35.78
Hong Kong Dollar HKD 30.94 31.29
Indian Rupee INR 2.97 3.08
Japanese Yen JPY 2.50 2.54
Kuwaiti Dinar KWD 793.10 802.15
Malaysian Ringgit MYR 57.02 57.62
New Zealand Dollar NZD 156.69 158.69
Norwegians Krone NOK 24.46 24.76
Omani Riyal OMR 629.39 637.39
Qatari Riyal ‎QAR 66.54 67.24
Singapore Dollar SGD 184.38 186.38
Swedish Korona SEK 25.31 23.81
Swiss Franc CHF 263.01 265.51
Thai Bhat THB 7.38 7.53

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs209,600 on Saturday. The price of 10 grams of 24k gold was recorded at Rs174,990.

Likewise, 10 grams of 22k gold were being traded for Rs157,300 while a single tola of 22-karat gold was being sold at Rs 178,500.

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.

City Gold Silver
Lahore PKR 209,600 PKR 2,220
Karachi PKR 209,600 PKR 2,220
Islamabad PKR 209,600 PKR 2,220
Peshawar PKR 209,600 PKR 2,220
Quetta PKR 209,600 PKR 2,220
Sialkot PKR 209,600 PKR 2,220
Attock PKR 209,600 PKR 2,220
Gujranwala PKR 209,600 PKR 2,220
Jehlum PKR 209,600 PKR 2,220
Multan PKR 209,600 PKR 2,220
Bahawalpur PKR 209,600 PKR 2,220
Gujrat PKR 209,600 PKR 2,220
Nawabshah PKR 209,600 PKR 2,220
Chakwal PKR 209,600 PKR 2,220
Hyderabad PKR 209,600 PKR 2,220
Nowshehra PKR 209,600 PKR 2,220
Sargodha PKR 209,600 PKR 2,220
Faisalabad PKR 209,600 PKR 2,220
Mirpur PKR 209,600 PKR 2,220


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