As the nation commemorates the historic nuclear weapon tests conducted on this momentous day, Pakistan takes immense pride in reflecting upon the extraordinary achievements that have stemmed from its unwavering commitment to its nuclear arsenal. The significance of this formidable deterrent cannot be overstated, as it stands as a steadfast bulwark safeguarding Pakistan's national security, while simultaneously serving as a catalyst for the pursuit of a just and peaceful resolution to the longstanding Kashmir issue. By meticulously analysing the multifaceted implications of Pakistan's nuclear capabilities, one can truly grasp the profound impact it has had on the geopolitical landscape, redefining regional power dynamics and bolstering the country's posture as a responsible nuclear state.
On May 28, 1998, Pakistan emerged as the seventh nuclear power in the world by successfully conducting a series of nuclear tests in response to India's provocative actions. These tests marked a defining moment in the country's history, shaping its future strategic outlook and reinforcing the notion of self-reliance and deterrence.
The acquisition of nuclear weapons by Pakistan was not driven by aggressive intentions but rather as a necessary measure to maintain regional stability and deter any potential aggression. The nuclear arsenal serves as a credible deterrent against any external threats, ensuring the security and sovereignty of the nation.
While the global non-proliferation regime has been critical of Pakistan's nuclear program, it is essential to recognize that Pakistan's stance has always been defensive in nature, focused on maintaining a delicate balance of power in South Asia. The development and deployment of nuclear weapons have played a crucial role in preventing any major conflict between Pakistan and India, both nuclear-armed nations.
One of the key reasons behind Pakistan's nuclear weapons program was to address the long-standing Kashmir issue. The Kashmir dispute has been a bone of contention between India and Pakistan since their independence in 1947. Pakistan maintains that the rights of the Kashmiri people, who have been struggling for self-determination, should be respected. The acquisition of nuclear weapons has enabled Pakistan to ensure that the Kashmir issue remains on the international agenda and underscores the seriousness with which Pakistan considers this matter.
The acquisition of nuclear weapons by Pakistan stands as a transformative force that has reverberated throughout the strategic calculus of the region, heralding a new era characterized by enhanced deterrence against any potential military adventurism. This formidable nuclear capability has not only served as a powerful deterrent, but also compelled the international community to shift its gaze towards the protracted Kashmir issue, igniting a renewed sense of urgency to seek a just and peaceful resolution. Pakistan's possession of nuclear weapons has effectively nullified the longstanding military imbalance between India and Pakistan, thereby engendering a more level playing field for diplomatic negotiations and creating an environment conducive to equitable and meaningful dialogue. The very presence of Pakistan's nuclear arsenal has unequivocally reshaped the geopolitical dynamics, fostering a climate where the imperative of achieving a sustainable resolution to the Kashmir dispute is felt with heightened intensity by both regional and international stakeholders.
Pakistan remains committed to resolving the Kashmir issue through peaceful means. The nuclear deterrence provided by its arsenal has facilitated diplomatic efforts to engage India in dialogue, urging them to acknowledge the aspirations and grievances of the Kashmiri people. The objective is to find a mutually acceptable solution that respects the principles of self-determination and upholds the United Nations Security Council resolutions.
On the auspicious occasion of May 28th, Pakistan reverently celebrates the profound achievement of its robust and resilient nuclear program, acknowledging the indispensable role played by nuclear weapons in fortifying the nation's comprehensive national security apparatus. As the commemoration unfolds, Pakistan takes this invaluable opportunity to resolutely reaffirm its unwavering commitment towards the pursuit of a peaceful and amicable resolution to the complex and longstanding Kashmir issue, displaying a genuine recognition of the intrinsic rights and aspirations of the Kashmiri people. This collective reflection echoes Pakistan's unwavering dedication to the principles of justice, international norms, and the pursuit of a harmonious regional order founded on diplomacy, empathy, and equitable dialogue. The commemoration serves as an eloquent testament to Pakistan's steadfast resolve in ensuring a peaceful future, where the grievances of the Kashmiri people are sincerely addressed, fostering an atmosphere conducive to the realization of their legitimate aspirations within the framework of international law and the principles of self-determination.
As the world reflects on the significance of Pakistan's nuclear weapon tests, it is crucial to understand the intricate dynamics surrounding its acquisition and the role it has played in fostering regional stability. Pakistan's nuclear deterrence stands as a testament to its unwavering commitment to protect its sovereignty and promote peace in the region. It is a reminder to the international community to work collectively towards a peaceful settlement of the Kashmir issue, paving the way for a prosperous and secure South Asia.
As Pakistan looks to the future, it remains steadfast in its pursuit of peace and stability, guided by the principles of justice and equity. The nation hopes that the international community will recognize the legitimate concerns of the Kashmiri people and work towards a just resolution that will bring lasting peace to the region.
The writer is an MPhil student at Quaid-I-Azam University and can be reached at firstname.lastname@example.org.
KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.
This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.
According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.
The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.
In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”
Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.
Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.
Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.
Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.
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.
|Lahore||PKR 229,000||PKR 2125|
|Karachi||PKR 229,000||PKR 2125|
|Islamabad||PKR 229,000||PKR 2125|
|Peshawar||PKR 229,000||PKR 2125|
|Quetta||PKR 229,000||PKR 2125|
|Sialkot||PKR 229,000||PKR 2125|
|Attock||PKR 229,000||PKR 2125|
|Gujranwala||PKR 229,000||PKR 2125|
|Jehlum||PKR 229,000||PKR 2125|
|Multan||PKR 229,000||PKR 2125|
|Bahawalpur||PKR 229,000||PKR 2125|
|Gujrat||PKR 229,000||PKR 2125|
|Nawabshah||PKR 229,000||PKR 2125|
|Chakwal||PKR 229,000||PKR 2125|
|Hyderabad||PKR 229,000||PKR 2125|
|Nowshehra||PKR 229,000||PKR 2125|
|Sargodha||PKR 229,000||PKR 2125|
|Faisalabad||PKR 229,000||PKR 2125|
|Mirpur||PKR 229,000||PKR 2125|
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