PM Shehbaz says the world can't afford another cold war between two powers
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.
Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.
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.
|UK Pound Sterling||GBP||360||363|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price moved up down in the local market in line with massive increase in international market.
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.
|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|