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China removes defence minister for undisclosed reasons

06:13 PM | 25 Oct, 2023
China removes defence minister for undisclosed reasons
Source: Social media

BEIJING – China has sacked its defence minister Li Shangfu, who has not been seen in public since late August.

State media confirmed the development, saying President Xi Jinping signed a decree to remove Li from his post as defence minister on Tuesday. 

He has also ripped of hi other political positions, including as a state councilor and as a member of Central Military Commission.

The position of state councilor is more senior than other ministers in the Chinese cabinet. There are total five state councilors in the cabinet. 

The Chinese media has not shared the reason for the removal of the defence minister.

China also announced the dismissal of Qin Gang, who was removed as foreign minister in July, from the state councilor position.

Their removal was approved by the country’s top legislators, the Standing Committee of the National People’s Congress, state broadcaster CCTV reported.

Wang Yi, a veteran diplomat, had replaced Qin as foreign minister in July.

The Chinese cabinet is yet to announce a replacement for Li, who had been considered a loyalist of President Xi. 

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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