Pakistan trashes report claiming it sold weapons to Ukraine for IMF deal

10:13 AM | 19 Sep, 2023
Pakistan trashes report claiming it sold weapons to Ukraine for IMF deal
Source: File Photo

ISLAMABAD – Pakistan has strongly turned down reports claiming that the country sold arms to Ukraine in exchange for the International Monetary Fund (IMF) deal brokered by the United States.

Islamabad responded to the report shared by The Intercept that accused the South Asian nation of yielding to Washington's pressure to covertly support Kyiv in the ongoing war against Moscow in exchange for a guarantee that the US would get the IMF to approve bailout funds.

Ministry of Foreign Affairs responded to the buzz and called the report baseless and fabricated report. Foreign Office spokesperson Mumtaz Zahra Baloch turned down the story as baseless and fabricated.

Baloch said the IMF Standby Arrangement was successfully negotiated between Islamabad and US-based lenders to implement difficult but essential economic reforms. It said giving any other colour to these negotiations is disingenuous.

FO spox said Pakistan maintains a policy of strict neutrality in the dispute between Russia and Ukraine and in that context, does not provide any arms and ammunition to them.

Earlier this year, Ukrainian Foreign Minister Dmytro Kuleba dismissed reports suggesting supplying arms to Kyiv amid its ongoing conflict with Russia.

The development comes months after year, IMF gave $1.2 billion to Pakistan, helping the South Asian country to avert default.

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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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