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Iran sues US in international court

Khurram Shahzad 11:06 PM | 17 Jun, 2016
Iran sues US in international court
TEHRAN (Web Desk) - Iran is suing the US in the International Court of Justice, accusing Washington of violating a 1955 treaty by freezing its assets.

The case, filed Tuesday at the United Nations’ main court, follows a US Supreme Court decision in April that gave victims of terrorist attacks allegedly linked to Iran the right to collect some $2 billion in Iranian assets that are frozen in the US.

Iranian President Hassan Rouhani said he intends to pursue the case until the assets are designated to Iran.

"We shouldn't remain silent vis-a-vis this event and we officially filed a lawsuit at the International Court of Justice yesterday and will pursue the case until attaining results," Rouhani said on Wednesday, according to the Islamic Republic News Agency.

"The US courts have issued illegal rulings and said that the properties should be provided to the Americans and the families of those people killed in Lebanon and it is not clear what the Americans did in Lebanon (at the time) and how the issue is related to Iran," Rouhani said.

Iranian Foreign Minister Mohammad Javad Zarif warned after the Supreme Court ruling was issued in April that Iran would initiate legal action concerning the assets. Additionally, he was quoted saying last month Iran doesn't acknowledge the ruling.

Zarif also announced a special commission will be created to evaluate the US decision to freeze the assets and distribute them to Americans.

According to the Wall Street Journal, the U.S. is aware of the situation and is determining how best to proceed.

"As we have said before, we believe that the United States has acted consistent with its obligations under international law," State Department spokesman John Kirby said.

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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 January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 264 266
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

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 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100

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