Koreas agree on diffusing tensions

Dawood Rehman 03:09 PM | 25 Aug, 2015
Koreas agree on diffusing tensions
SEOUL (Web Desk) - South Korea has halted its propaganda broadcasts into North Korea as part of a deal to defuse tension.

Seoul had begun the loudspeaker broadcasts, which infuriate Pyongyang, after a landmine at the border injured two of its soldiers earlier this month.

The tensions bubbled over in a brief exchange of fire at the heavily guarded border last Thursday.

Read more: Koreas hold talks amid ‘semi state of war’

The deal was reached after the North, which initially denied planting the mine, agreed to express "regret", the BBC reported.

South Korea's President Park Geun-hye said the deal "could serve as an occasion to resolve all inter-Korean issues through trust".

The late-night agreement came after marathon talks at the "truce village" of Panmunjom inside the demilitarised zone (DMZ).


A joint statement from the two countries - technically at war since the 1950s - said South Korea would stop the loudspeaker broadcasts at midday on Tuesday (03:00 GMT) - as North Korea had demanded.


The North agreed to end its "semi-state of war", pulling back troops deployed to the frontline.

Both countries have also agreed to work towards a resumption of reunions for families separated by the 1950-53 Korean War, a recurring point of contention.

But South Korea's Defence Minister Kim Min-seok said the South would "maintain its defence posture for the possibility of another provocation".

National security adviser and chief negotiator Kim Kwan-jin said there would be follow-up talks to discuss a range of issues on improving ties.


But he said it was not the right time to push for a leaders' summit.

The outcome is what seasoned Korea watchers expected, though the tension has been cranked up much higher than in recent years.

It's not clear how much these regular crises are manufactured and how much they are the result of misunderstandings in a highly-armed, permanent stand-off.

Some critics of Pyongyang say it generates crises to remind South Korea and the US that it is there and should be treated as important - and also to keep its own citizenry on high alert.


Others say the government in Seoul could do more to improve relations with the North, pointing at what they say are provocative military exercises with the US.

But supporters of the South Korean government say: "Why go soft on a regime that is developing nuclear weapons to target at Seoul?"

Both Koreas used to routinely blast propaganda across their shared border, but agreed in 2004 to abandon the tactic.

Dawood Rehman
Dawood Rehman

The writer is a member of the staff.


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 31, 2023

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 March 31, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.8 286.6
Euro EUR 306 309
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 79.9
Saudi Riyal SAR 75.6 76.4
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206.5 208.7
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.

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 208,200 PKR 2,470
Karachi PKR 208,200 PKR 2,470
Islamabad PKR 208,200 PKR 2,470
Peshawar PKR 208,200 PKR 2,470
Quetta PKR 208,200 PKR 2,470
Sialkot PKR 208,200 PKR 2,470
Attock PKR 208,200 PKR 2,470
Gujranwala PKR 208,200 PKR 2,470
Jehlum PKR 208,200 PKR 2,470
Multan PKR 208,200 PKR 2,470
Bahawalpur PKR 208,200 PKR 2,470
Gujrat PKR 208,200 PKR 2,470
Nawabshah PKR 208,200 PKR 2,470
Chakwal PKR 208,200 PKR 2,470
Hyderabad PKR 208,200 PKR 2,470
Nowshehra PKR 208,200 PKR 2,470
Sargodha PKR 208,200 PKR 2,470
Faisalabad PKR 208,200 PKR 2,470


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