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Israel and Turkey to restore full diplomatic ties in surprise thaw

10:46 PM | 17 Aug, 2022
Israel and Turkey to restore full diplomatic ties in surprise thaw

ANKARA – After years of cold relations, Israel and Turkey have announced the renewal of diplomatic ties in another move to improve relations.

The recent thaw comes on the heels of a telephonic conversation between Israeli prime minister Yair Lapid and Turkish President Recep Tayyip Erdogan.

The Israeli PM said the move will contribute to deepening our bilateral ties, and to strengthening regional stability.    

Both countries also slated to exchange envoys and consuls general, however, no timeframe was given by any official.

Earlier this year, the two sides announced a new era in relations when Recep Tayyip Erdogan met with Israeli President Isaac Herzog in the Turkish capital.

Lapid appreciated the development and called it an important asset for regional stability and very important economic news for Tel Aviv.

Experts said Ankara is likely to improve relations with other nations amid growing political and economic isolation while the Lira also plummeted in recent years, leaving the Republic of Türkiye in economic turmoil.

Turkey earlier cut diplomatic ties in 2010 after a deadly encounter between Israeli commandos and Turkish activists on a passenger vessel near Gaza.

Previously, the two sides mulled diplomatic ties in 2016 but the ties did not last long while former US President Donald Trump’s decision to recognise Jerusalem as the capital of Israel sparked new controversy.

Erdogan, known for standing with the Palestinian cause, denounced Israel’s move and accused Israelis of genocide after their forces martyred Palestinian protesters in Gaza.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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