India rejects US call to cut trade, ties with North Korea

07:01 PM | 25 Oct, 2017
India rejects US call to cut trade, ties with North Korea
NEW DELHI - India on Wednesday rejected the United States' call to snap trade and diplomatic ties with North Korea in the wake of its continued pursuit of long-range nuclear weapons, according to reports in India media.

External Affairs Minister Sushma Swaraj told US Secretary of State Rex Tillerson that India's trade relations with North Korea had already been nominal.

New Delhi offered Washington the services of its diplomats posted in Pyongyang to open “a channel of communication between the US and North Korea”, the Deccan Herald reported.

Ms Swaraj also said that New Delhi maintained a small embassy in Pyongyang with few officials and it could serve as a channel of communication between the US Government and Kim Jong-Un's regime in North Korea.

“As far as shutting down our embassy (in Pyongyang) is concerned, we discussed the issue.

“I told Secretary Tillerson that some of the friendly nations of the US should maintain diplomatic missions in North Korea to make it sure that a channel of communication (between Washington and Pyongyang) remains available,” the FM told reporters while addressing a press conference along with the US secretary of state after they held a meeting at Jawaharlal Nehru Bhavan, the headquarters of the Ministry of External Affairs, in New Delhi.

Tillerson nudged Sushma to consider snapping India's diplomatic relations with North Korea and bring down the volume of trade between the two nations further.

The focus on North Korea comes as US President Donald Trump heads to China next month, where he is expected to urge President Xi Jinping to make good on his commitments to pressure North Korea.

The Embassy of India in Pyongyang has only five officials, led by Ambassador Jasminder Kasturia.

India's export to North Korea was worth $ 110.88 million and the import was worth $ 87.90 million.

Tension escalated between the US and North Korea this year as Kim Jong-Un's regime conducted a series of missile and nuclear tests.

This alarmed the world as the tests demonstrated the reclusive nation's ability to launch ballistic missiles beyond its immediate region.

Tillerson, who toured India on several occasions as an oil executive before joining President Donald Trump's government this year, will meet Prime Minister Narendra Modi later on Wednesday.

India is already a major market for the United States, with bilateral trade last year standing at around $115 billion, which the two countries aim to raise to $500 billion by 2022.


Pakistani rupee sees marginal decline against US Dollar, Euro, Dirham, & Riyal; check forex rates

Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.

Dollar Rate in Pakistan Today

On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.

Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.

UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 29 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.6  288.65 
Euro EUR 312  315 
UK Pound Sterling GBP 360  363
U.A.E Dirham AED 78.25  79
Saudi Riyal SAR 76.25 77.25
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 750.11 758.11
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 914.36 923.36
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 320.1 322.6
Thai Bhat THB 8.01 8.16

Gold rates see big increase in Pakistan; Check today gold price here

KARACHI – The gold price moved up down in the local market in line with massive increase in international market.

Gold Rates in Pakistan Today - 29 November 2023

On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.

Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.

In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,000 PKR 2,610
Karachi PKR 218,000 PKR 2,610
Islamabad PKR 218,000 PKR 2,610
Peshawar PKR 218,000 PKR 2,610
Quetta PKR 218,000 PKR 2,610
Sialkot PKR 218,000 PKR 2,610
Attock PKR 218,000 PKR 2,610
Gujranwala PKR 218,000 PKR 2,610
Jehlum PKR 218,000 PKR 2,610
Multan PKR 218,000 PKR 2,610
Bahawalpur PKR 218,000 PKR 2,610
Gujrat PKR 218,000 PKR 2,610
Nawabshah PKR 218,000 PKR 2,610
Chakwal PKR 218,000 PKR 2,610
Hyderabad PKR 218,000 PKR 2,610
Nowshehra PKR 218,000 PKR 2,610
Sargodha PKR 218,000 PKR 2,610
Faisalabad PKR 218,000 PKR 2,610
Mirpur PKR 218,000 PKR 2,610


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