The Hague-based court hears Islamabad’s objections to controversial designs of Indian dams
ISLAMABAD – Pakistan on Friday rejected media reports regarding Indian proposal for modification in the Indus Waters Treaty, the water-sharing agreement between nuclear neighbours in South Asia.
Foreign Office Spokesperson Mumtaz Zahra Baloch issued the statement as a Court of Arbitration in the Hague conducted first hearing on Pakistan's objections to the controversial designs of Kishanganga and Ratle Hydroelectric Projects.
The spokesperson said the Court of Arbitration had been set up under the relevant provisions of the Indus Waters Treaty and such media reports should not divert attention from the important proceedings of this Court.
The first two-day hearing will continue to Saturday as Pakistan has reservations on the designs of the 330-megawatt Kishenganga and 850-megawatt Ratle hydropower projects on the Jhelum and Chenab rivers.
Pakistan is of the view that construction of the projects with its own design would damage the irrigation system in the Punjab province.
Under the Indus Water Treaty, which was brokered by the World Bank in 1960, the Sutlej, Beas, and Ravi were allocated to India while the waters of Indus, Jhelum, and Chenab were allocated to Pakistan.
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 June 2, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 297 | 300 |
Euro | EUR | 316 | 320 |
UK Pound Sterling | GBP | 371 | 374 |
U.A.E Dirham | AED | 80 | 81 |
Saudi Riyal | SAR | 79 | 79 |
Australian Dollar | AUD | 198 | 200 |
Bahrain Dinar | BHD | 758.25 | 766.25 |
Canadian Dollar | CAD | 226 | 228 |
China Yuan | CNY | 40.26 | 40.66 |
Danish Krone | DKK | 41.04 | 41.44 |
Hong Kong Dollar | HKD | 36.39 | 36.74 |
Indian Rupee | INR | 3.45 | 3.56 |
Japanese Yen | JPY | 2.25 | 2.45 |
Kuwaiti Dinar | KWD | 927.17 | 936.17 |
Malaysian Ringgit | MYR | 61.94 | 62.54 |
New Zealand Dollar | NZD | 172.79 | 174.79 |
Norwegians Krone | NOK | 25.67 | 25.97 |
Omani Riyal | OMR | 740.96 | 748.96 |
Qatari Riyal | QAR | 78.37 | 79.07 |
Singapore Dollar | SGD | 220 | 222 |
Swedish Korona | SEK | 26.36 | 26.66 |
Swiss Franc | CHF | 315.04 | 317.54 |
Thai Bhat | THB | 8.21 | 8.36 |
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,000 on Friday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
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 230,000 | PKR 2125 |
Karachi | PKR 230,000 | PKR 2125 |
Islamabad | PKR 230,000 | PKR 2125 |
Peshawar | PKR 230,000 | PKR 2125 |
Quetta | PKR 230,000 | PKR 2125 |
Sialkot | PKR 230,000 | PKR 2125 |
Attock | PKR 230,000 | PKR 2125 |
Gujranwala | PKR 230,000 | PKR 2125 |
Jehlum | PKR 230,000 | PKR 2125 |
Multan | PKR 230,000 | PKR 2125 |
Bahawalpur | PKR 230,000 | PKR 2125 |
Gujrat | PKR 230,000 | PKR 2125 |
Nawabshah | PKR 230,000 | PKR 2125 |
Chakwal | PKR 230,000 | 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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