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Detente dies as North Korea suspends talks with South, threatens US of cancelling Trump-Kim summit

Haider Ali 12:09 PM | 16 May, 2018
Detente dies as North Korea suspends talks with South, threatens US of cancelling Trump-Kim summit
PYONGYANG - North Korea has suspended high-level talks with South Korea over latter's joint military exercises with the US, threatening that the much-awaited summit between Donald Trump and Kim Jong-un can also be reviewed.

A statement published by the state-run Korea Central News Agency (KCNA) on Tuesday said the exercises were a "provocation" and a rehearsal for an invasion.

The talks, which now stand cancelled, were agreed earlier this week and were set to take place at Panmunjom, a military compound in the demilitarised zone between the two countries, today.

The latest drills codenamed Max Thunder involve some 100 warplanes, including an unspecified number of B-52 bombers and F-15K jets and both US and South Korea play down the importance of it, insisting the drills are purely for defence purposes and based out of a mutual defence agreement signed in 1953.

Pyongyang's decision has not only cast aspirations over the North-South detente but also serves as a warning shot for the US ahead of the historic Trump-Kim huddle on June 12.

The statement officially carried by the state-media added that North Korea would never accept economic assistance from the US in exchange for unilaterally abandoning its nuclear program.

North Korea's First Vice Minister of the Ministry of Foreign Affairs, Kim Kye Gwan was quoted as saying that the country never had any expectation of US support in carrying out economic construction and 'will not make such a deal in future'.

"The United States will also have to undertake careful deliberations about the fate of the planned North Korea-US summit in light of this provocative military ruckus jointly conducted with the South Korean authorities," the KCNA report said.

On the other hand, Washington gave a rejoinder quickly that there was no doubt over the planned summit in Singapore.

State Department spokeswoman Heather Nauert defended joint US-South Korean military exercises and said the US had not heard of any disruptions to either the planned exercises or the upcoming summit.

"We have not heard anything from that government or the government of South Korea to indicate that we would not continue conducting these exercises or that we would not continue planning for our meeting between President Trump and Kim Jong Un next month," she said.

Trump-Kim Summit

In a dramatic turn of events, Donald Trump had announced that he will hold a meeting with North Korean Kim Jong-un on June 12th in Singapore.

Trump took to his traditional tool of communication and announced the details on Twitter on Thursday morning, saying the duo will try to make it a very special moment.

Kim-Trump huddle is of historic importance as this will be the first-ever meeting between a sitting US president and a North Korean leader.

Haider Ali

The writer is a civil servant.

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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 1, 2023 (Wednesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 269.9 272.85
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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