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China offers mediation to de-escalate Pak-India tensions

10:11 AM | 12 Oct, 2016
China offers mediation to de-escalate Pak-India tensions
BEIJING - China has offered a mediation between Pakistan and India to normalize the disturbed ties between two neighboring states, the media reports said on Wednesday.

Addressing a press conference in Beijing, Chinese Foreign Ministry’s counselor for China-Asia Mr Yuwan said China is ready to play any possible role to de-escalate Pak-India tensions for stability in the region.

"We are ready to provide our full assistance," he said, further adding China will try the best to resolve the conflict between Pakistan and India as the hostility between Islamabad and New Delhi not only affects the two states but also the entire South Asian region.

Responding to a question, he accepted the fact that there was an "imbalance of power" in South Asia and that there was need to fill the gaps.

On the occasion, the Chinese counselor also said that China-Pakistan Economic Corridor (CPEC)is a game changer for the whole region and China would complete it with the cooperation of Pakistan.

Earlier Chinese analysts had asserted that India's to completely seal the Pak-border by 2018 was an irrational step which would further worsen the bilateral relationship between New Delhi and Islamabad.

Hu Zhiyong, who happens to be a research fellow at Shanghai Academy of Social Sciences’s Institute of International Relations, said the Indian decision to shut down the borders with Pakistan is illogical since no investigation has been conducted for Uri attack –which according to India was planned by Pakistan.

“No evidence proves Pakistan is behind the attack, Hu has been quoted as saying by Beijing-based Global Times, further suggesting that a “completely sealed” border between Pakistan and Indian would also close the door of talks among the two neighbouring countries.

The Director of the Institute for Southern and Central Asian Studies at the Shanghai Municipal Center for International Studies, Wang Dehua, also opposed to the Indian decision, saying: “The country’s decision reflects its Cold War mentality, and will only cause deeper hatred among residents living in Indian- and Pakistan-controlled Kashmir.”

He further added that a peaceful resolution on the Kashmir dispute is not only in the interest of Pakistan and India but also suitable for China’s homeland security.

While hinting that India’s deteriorating ties with Pakistan would also affect China, he said “Since Pakistan is China’s all-weather strategic partner, India’s decision would make China-Pakistan-India relations more complicated.”

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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