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Pakistan ready to play role in de-escalation of tensions between US, China

PM Shehbaz says the world can't afford another cold war between two powers

08:33 PM | 16 Aug, 2022
Pakistan ready to play role in de-escalation of tensions between US, China
Source: @shehbazsharif (Instagram)

ISLAMABAD – Prime Minister Shehbaz Sharif has offered to play the role of the mediator in reducing tensions between China and the United States, stressing that the world cannot afford another descent into an era of Cold War or bloc politics.

In an interview with Newsweek, the premier said Pakistan was willing to help Washington and Beijing to reduce their differences if the two global powers wanted us to play a diplomatic role between them.

He said the Pakistan-China relationship is very special, while the longstanding historic relationship between Islamabad and Washington also covers all issues of mutual interest.

"We believe that inter-state relations should be based on mutual respect and peaceful resolution of disputes by upholding the principles of the UN charter and international law," Shehbaz said.

He stressed that Pakistan believed that “constructive engagement with all countries can promote peace and security as well as development and connectivity in the whole region” saying that conflict had negative consequences, particularly for developing countries.

He continued saying that the world cannot afford descent into another era of Cold War or bloc politics, pointing out that polarization would have serious consequences for the global economy.

Recalling economic plights, he reiterated that developing nations, like Pakistan, were already suffering from external shocks to their socio-economic well-being, and do not desire aggravation of these challenges induced by major power rivalry.

Meanwhile, the US and Pakistani officials are considering various options for Chief of Army Staff Gen Qamar Bajwa to visit Washington in August or early September, reports suggest.

Pakistan offers to mediate as China staged a new round of military drills around Taiwan in response to a visit by a delegation of US lawmakers.

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Pakistani rupee sees marginal decline against US Dollar, Euro, Dirham, & Riyal; check forex rates

Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.

Dollar Rate in Pakistan Today

On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.

Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.

UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 29 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.6  288.65 
Euro EUR 312  315 
UK Pound Sterling GBP 360  363
U.A.E Dirham AED 78.25  79
Saudi Riyal SAR 76.25 77.25
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 750.11 758.11
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 914.36 923.36
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 320.1 322.6
Thai Bhat THB 8.01 8.16

Gold rates see big increase in Pakistan; Check today gold price here

KARACHI – The gold price moved up down in the local market in line with massive increase in international market.

Gold Rates in Pakistan Today - 29 November 2023

On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.

Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.

In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,000 PKR 2,610
Karachi PKR 218,000 PKR 2,610
Islamabad PKR 218,000 PKR 2,610
Peshawar PKR 218,000 PKR 2,610
Quetta PKR 218,000 PKR 2,610
Sialkot PKR 218,000 PKR 2,610
Attock PKR 218,000 PKR 2,610
Gujranwala PKR 218,000 PKR 2,610
Jehlum PKR 218,000 PKR 2,610
Multan PKR 218,000 PKR 2,610
Bahawalpur PKR 218,000 PKR 2,610
Gujrat PKR 218,000 PKR 2,610
Nawabshah PKR 218,000 PKR 2,610
Chakwal PKR 218,000 PKR 2,610
Hyderabad PKR 218,000 PKR 2,610
Nowshehra PKR 218,000 PKR 2,610
Sargodha PKR 218,000 PKR 2,610
Faisalabad PKR 218,000 PKR 2,610
Mirpur PKR 218,000 PKR 2,610

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