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Trump expected to withdraw support for Iran nuclear deal

Mahmood Idrees 12:32 PM | 13 Oct, 2017
Trump expected to withdraw support for Iran nuclear deal
WASHINGTON - US President Donald Trump is expected not to recertify Iran's compliance with the nuclear deal re-imposing sanctions on it.

Trump will announce his move during a speech at White House today. However, the decision to not back the deal will not withdraw the US from the agreement as it just empowers the Congress to decide on the issue within 60 days.

The deal, which is formally known as the Joint Comprehensive Plan of Action (JCPOA), was signed in 2015 limiting Iran's nuclear programme to non-military purposes.

Congress requires the US president to give consent for every 90 days that Iran is following the agreement. Trump has already approved it twice.

Amid reports of scrapping the deal, Trump received heavy criticism from home as well from its allies in Europe, who had restored economic and political ties with Iran after the agreement.

The president has been opposing the deal for a long time and announced during his campaign in election to end the agreement.

However, Secretary of State Rex Tillerson has been trying to woo allies countries in Europe and China.

Defence Secretary James Mattis told a Senate hearing earlier this month it was not in the national interest to abandon it.

Iran Nuclear Deal

JCPOA, commonly know as Iran nuclear deal, is an agreement signed between Iran and the five permanent members of the UN Security Council in 2015 following negotiations that have lasted years.

 Under the agreement, Iran is bound to eliminate stockpiles of medium-enriched uranium totally and decrease reserves of low-enriched uranium.

Iran denying producing nuclear weapons also agreed to bring down the the number of centrifuges installed for enriching uranium.

After the agreement, the United Nations and some European countries lifted the sanctions imposed on Iran. Besides, frozen assets worth $100 billion were also released.

The US also withdrew some secondary sanctions allowing non-US businesses and individuals to carry out commercial activity with Iran.

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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 February 03, 2023 (Friday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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