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China rebukes US over unilateral sanctions as 25-year agreement with Iran enters implementation stage

07:42 PM | 15 Jan, 2022
China rebukes US over unilateral sanctions as 25-year agreement with Iran enters implementation stage

BEIJING – China reiterated its stand against the unilateral sanctions imposed by the United States on Iran as the Chinese and Iranian foreign ministers vowed the launch the implementation of a 25-year cooperation agreement to boost bilateral economic and political relations.

The development comes during a meeting of Chinese State Councilor and Foreign Minister Wang Yi and Iranian Foreign Minister Hossein Amir Abdollahian in Wuxi, east China's Jiangsu Province on Friday.

The two countries agreed the plan for China-Iran comprehensive cooperation in March last year.

Both sides decided to further strengthen cooperation in energy, infrastructure, production capacity, science and technology, and medical and health care, according to a statement of the meeting.

Bilateral cooperation will also be expanded to agriculture, fisheries, cybersecurity and the third party market, as well as people-to-people and cultural exchanges in education, film and personnel training, said the statement.

China will continue to do its utmost to provide vaccines to Iran and is ready to expand cooperation in all areas to elevate the China-Iran comprehensive strategic partnership to a new level, CGTN quoted Wang as saying.

The Iran minister ensured support to China in safeguarding its core interests and upholding the one-China policy, adding that his country highly appreciates and will take an active part in jointly building the Belt and Road, the stat-run media reported.

Iran is firmly committed to promoting Iran-China cooperation, looks forward to learning from China's development experience and advanced technology, and is willing to become a trustworthy and long-term cooperative partner of China, he said.

Iran firmly supports China in hosting a successful Winter Olympic Games and will actively attend the opening ceremony and participate in the Games, he added.

The foreign minister also discussed Iranian nuclear situation where Chinese official slammed the US over unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA), adding that the move has created the current difficult situation.

Wang urged the US to rectify its mistake as soon as possible, Wang said.

China will firmly support the resumption of negotiations on the implementation of the JCPOA and continue to participate constructively in follow-up negotiations, he said, adding that all parties should make efforts to advance the political and diplomatic settlement process.

Iran is committed to reaching a package of stable guarantee agreement through serious negotiations, and appreciates China's constructive role in the process, Abdollahian said.

Iran will maintain close communication with China, he added.

While talking about Middle East and Afghan issues, the Iranian side expressed its willingness to actively improve relations with Saudi Arabia and other Gulf countries.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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