Search

EU denies communication with PTI over Pakistan’s GSP+ status

11:16 AM | 15 Mar, 2024
EU denies communication with PTI over Pakistan’s GSP+ status

ISLAMABAD – The European Union’s mission in Islamabad clarified that it had not received any “official communication” from the Pakistan Tehreek-e-Insaf (PTI) party regarding the Generalized Scheme of Preferences Plus (GSP+) special trade scheme.

This statement comes following accusations made by Information Minister Attaullah Tarar in a press conference on Wednesday, alleging that the PTI had approached the EU and initiated online petitions urging European authorities to revoke Pakistan’s GSP+ status.

The GSP+ status is a special trade arrangement extended to developing economies, including Pakistan, in exchange for their commitment to implement 27 international conventions on human rights, environmental protection, and governance.

Although the current GSP framework expired in December 2023, Members of the European Parliament (MEPs) voted in October to extend the scheme for another four years for developing countries.

Samar Saeed Akhtar, EU Press and Information Officer in Islamabad, stated, “We have not received any official communication from PTI regarding GSP+.”

The PTI also denied sending any letter to the EU regarding Pakistan’s GSP+ status, refuting the claims made by the information minister.

PTI spokesperson Raoof Hassan clarified, “During a recent visit, both EU and Commonwealth delegations met with various political parties, including PTI, and no further engagement with the EU occurred beyond this.”

In a separate development, last month, the PTI wrote a letter to the International Monetary Fund (IMF), urging for an audit of the disputed February 8 elections before engaging in further bailout talks with Islamabad. This action was criticized by Khan’s opponents as an assault on Pakistan’s efforts to achieve economic stability.

Daily Pakistan Global Web Desk

Advertisement

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

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter