Iran signs memorandum to become permanent member of SCO

11:52 AM | 16 Sep, 2022
Iran signs memorandum to become permanent member of SCO
Source: A screengrab of Twitter video

SAMARKAND -Iran has signed a Memorandum of Obligations to join the rapidly expanding Shanghai Cooperation Organisation (SCO) as its full and permanent member.

The Iranian Foreign Minister Hossein Amirabdollahian made the announcement on social media, stating:  “By signing the document for full membership of the SCO, now Iran has entered a new stage of various economic, commercial, transit and energy cooperation”.

The development comes as heads of states from China, Pakistan, India, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan gathered in Samarkand to attend a summit of the central Asian security body, formed by Beijing and Moscow to counter US influence.  

Afghanistan, Belarus, Iran, and Mongolia are observer countries, while Armenia, Azerbaijan, Cambodia, Nepal, Sri Lanka and Turkey attends the summit as “dialogue partner”.

Last year, the SCO approved an applicant moved by Iran to seek membership of the platform. Tehran said that the SCO membership will help it in averting sanctions imposed by the West over its nuclear programme.  

Reports said that the full membership of Iran is likely to come into effect in April 2023.


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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