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US again warns Pakistan of 'sanctions’ over deals with Iran amid geopolitical tension

09:02 AM | 24 Apr, 2024
US again warns Pakistan of 'sanctions’ over deals with Iran amid geopolitical tension

WASHINGTON - United States has issued fresh warnings for Pakistani government over business deals with Iran, as Iranian President Ebrahim Raisi concluded official visit to Pakistan.

During his historic visit to neighboring country, Islamabad and Tehran inked several MoUs for cooperation in different fields and to boost trade to $10 billion.

As two countries made global headlines, Washington once again warned Pakistan of imposing sanctions for signing new agreements with Iran.

During a press briefing in Washington, Deputy Spokesman for the US State Department, Vedant Patel, warned Islamabad about potential sanctions if it continues business ties with Iran.

Patel stressed that those engaging in such agreements should consider the sanctions and align their actions with Pakistan's foreign policy.

Earlier, US State Department spokesperson Matthew Miller issued caution to anyone considering trade deals with Iran, noting the risk of sanctions.

While Miller did not explicitly mention Pakistan, he reminded about the US's significant role as Pakistan's biggest foreign market and a major investor in the country over the past two decades. He emphasized that Pakistan's economic success is beneficial for both countries and expressed a desire to continue their partnership.

Regarding President Raisi's visit to Pakistan and the bilateral agreements between Iran and Pakistan, Miller hinted at the possibility of these agreements affecting US-Pakistan relations due to potential sanctions related to Iran.

It is worth noting that the US had previously cautioned Islamabad about potential sanctions for importing gas from Iran, stating its lack of support for the pipeline project.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

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

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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