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Pakistan rejects US sanctions over missile allegations

06:23 PM | 20 Apr, 2024
Pakistan rejects US sanctions over missile allegations
Caption: Source: Ministry of Foreign Affairs

Pakistan has strongly dismissed US sanctions on commercial entities allegedly linked to its ballistic missile program, terming the accusations unjustified. The Foreign Office (FO) spokesperson, Mumtaz Zahra Baloch, condemned the move, emphasizing the lack of evidence supporting such allegations.

In a statement addressing media queries regarding the US decision, Baloch highlighted previous instances where commercial entities faced sanctions without substantial evidence. She stressed the need to avoid arbitrary application of export controls and urged for objective discussions to ensure access to technology for socio-economic development.

Pakistan has consistently advocated for transparent end-use verification mechanisms to protect legitimate commercial users from discriminatory export controls. The FO highlighted its rejection of the political misuse of export regulations, citing concerns over regional security imbalances caused by selective arms licensing.

The US sanctions targeted three Chinese companies and one Belarusian firm allegedly involved in Pakistan's missile program. According to the US State Department, these entities facilitated the production and delivery of ballistic missiles, including long-range variants. The move aligns with the US's broader efforts to bolster global non-proliferation measures.

This latest development follows similar sanctions imposed in October 2023 on three Chinese companies for their role in supplying parts and equipment to Pakistan's ballistic missile program. Pakistan's rejection of these sanctions underscores its commitment to defending its commercial interests amidst international scrutiny.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 22 May 2024

 Pakistani currency rates against US Dollar and other currencies on May 22, 2024 (Wednesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.05 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349 for buying, and 352.5 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 22 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 277.15
Euro EUR 297 300
UK Pound Sterling GBP 349 352.5
U.A.E Dirham AED 75.2 75.95
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.34 748.34
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.91
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 903.3 912.3
Malaysian Ringgit MYR 59.34 59.94
New Zealand Dollar NZD 170.11 172.11
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.13 731.13
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.98 26.28
Swiss Franc CHF 305.97 308.47
Thai Bhat THB 7.67 7.82

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