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Pakistan rejects reports regarding Indian proposal for modification in Indus Water Treaty

The Hague-based court hears Islamabad’s objections to controversial designs of Indian dams

10:24 PM | 27 Jan, 2023
Pakistan rejects reports regarding Indian proposal for modification in Indus Water Treaty
Source: File Photo

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. 

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 2, 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 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

Today's gold rates in Pakistan – June 2, 2023

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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