Trump, Kim sign agreement promising new relations at historic Singapore summit

09:09 AM | 12 Jun, 2018
Trump, Kim sign agreement promising new relations at historic Singapore summit
In an unprecedented development, US President  Donald Trump and North Korean leader  Kim Jong-un met on Tuesday at a landmark summit in Singapore after a year of war threats.

The two leaders shook hands at a luxury hotel on Singapore's Sentosa island before heading to talks. Posing for photos while shaking hands with Kim, US President said, "we will have a terrific relationship no doubt".

Kim said "the way to come here was not easy. The old prejudices and practices worked as obstacles on our way forward, but we overcame all of them and we are here today."

The pair also signed an agreement in which, according to international media, North Korea has reaffirmed its commitment to the denuclearization of Korean Peninsula.

The document promises "new... relations" between Washington and Pyongyang while it makes no mention of US demands for "complete, verifiable and irreversible denuclearisation".

Earlier, Trump and Kim held a one-on-one meeting, which lasted about 48 minutes, as both top guns emerged from the meeting room, Trump expressed that the talks were "very, very good" and that he and Kim have an "excellent relationship".

Later, the two leaders headed to an expanded bilateral meeting, where they are joined by key advisers of their respective countries.

After reaching the delegation-level meeting place, the North Korean leader said we can expect "the dawn of peace" now that the "unhelpful past" has been left behind.

The US delegation includes Secretary of State Mike Pompeo, National Security Adviser John Bolton and Chief of Staff John Kelly.

North Korean Foreign Minister Ri Yong-ho and Kim Yong-chol, who has been described as Kim's right hand man, are accompanying Kim.

From Threats to Handshake

The meeting would have been unthinkable last year when tensions escalated between the two countries after North Korea came into action to develop a nuclear-tipped missile capable of targetting the United States.

Trump had vowed to prevent that happening and threatened North Korea with “fire and fury like the world has never seen”. He mocked Kim as “little rocket man” on a suicide mission.

Kim denounced the US president as the “mentally deranged US dotard” who would be “tamed ... with fire”.

No More Military Drills with S Korea

President Donald Trump said that the United States will stop holding joint military exercises on the Korean peninsula, making a major concession to North Korea after his summit with Kim Jong Un.

“We will be stopping the war games which will save us a tremendous amount of money. I think it's very provocative,” he said.

“Under the circumstances, we are negotiating a complete deal,” he added.

The move, if fulfilled, would appear to be effectively an implementation of the “freeze for freeze” proposal promoted by China, under which the North would stop nuclear and missile tests in exchange for a halt to the exercises, which had riled Pyongyang.

Both Leaders Reach Singapore

The two leaders touched down the venue for the much-anticipated summit on Sunday within hours of each other. They will meet at 9am in Sentosa on Tuesday to discuss the issues and find a mutually acceptable way out.

The two leaders are expected to address the complete denuclearisation of the peninsula and possibly made an announcement ending the nearly seven-decade-long Korean War, international media reported.

Trump, on his trip to the island country, expressed positive feeling in a tweet. He wrote, “Great to be in Singapore, excitement in the air!”.

Expressing views of the unlikely geopolitical role, Singapore Prime Minister Lee Hsien Loong said, “From our point of view, it’s important that the meeting takes place, and that the meeting sets developments on a new trajectory – one that will be conducive to the security and stability of the region”.

North Korea’s state media said on Monday that the two leaders will discuss a “permanent and durable peace-keeping mechanism” on the Korean peninsula, denuclearisation and other issues.

The editorial in Rodong Sinmun confirmed that Kim had travelled to Singapore to meet Trump, saying, “we will establish a new relationship to meet the changing demands of the new era”.

“Even if a country had a hostile relationship with us in the past, our attitude is that if this nation respects our autonomy… we shall seek normalisation through dialogue,” it reads.


Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696


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