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Huawei executive freed by Canada arrives home in China

12:40 AM | 27 Sep, 2021
Huawei executive freed by Canada arrives home in China

A Chinese tech executive released by Canada after nearly three years of detention has returned home.

Hours after two Canadians freed by China went back, Huawei's Meng Wanzhou flew to Shenzhen on Saturday evening.

In 2018 China accused Michael Spavor and Michael Kovrig of espionage, denying detaining them was in retaliation for Ms Meng's arrest.

The apparent swap brings to an end a damaging diplomatic row between Beijing and the West.

Mr Spavor and Mr Kovrig arrived in the western city of Calgary just before 06:00 local time (12:00 GMT) and were met by Prime Minister Justin Trudeau.

A couple of hours later Ms Meng touched down in Shenzhen, China, to applauds from a crowd gathered at the airport.

"I'm finally back home!," said Ms Meng, according to the Global Times, a Chinese tabloid backed by the ruling Communist Party.

"Where there is a Chinese flag, there is a beacon of faith," she added. "If faith has a colour, it must be China red."

Ms Meng was wanted on charges in the US but was released after a deal between Canada and US prosecutors. Before her release, Ms Meng admitted misleading US investigators about Huawei's business dealings in Iran.

She spent three years under house arrest in Canada while fighting extradition to the United States.

China had earlier insisted that her case was not related to the sudden arrest of Mr Kovrig and Mr Spavor in 2018. But China's the decision to free them after Ms Meng's release appears to show that pretence has been abandoned, reports Robin Brant, the BBC's Shanghai correspondent.

Mr Kovrig and Mr Spavor have maintained their innocence throughout, and critics have accused China of using them as political bargaining chips.

After they arrived in Calgary, Canadian Prime Minister Justin Trudeau shared images on Twitter of him welcoming the pair.

"You've shown incredible strength, resilience, and perseverance," he wrote in the tweet. "Know that Canadians across the country will continue to be here for you, just as they have been."

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Mr Kovrig is a former diplomat employed by International Crisis Group, a Brussels-based think tank.

Mr Spavor is a founding member of an organisation that facilitates international business and cultural ties with North Korea.

In August this year a Chinese court sentenced Mr Spavor to 11 years in prison for espionage. There had been no decision in Mr Kovrig's case.

On Friday, a Canadian judge ordered the release of Ms Meng, Huawei's chief financial officer, after she reached a deal with US prosecutors over fraud charges against her.

Huawei said in a statement that it would continue to defend itself in court, and looked forward to seeing Ms Meng reunited with her family.

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ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.

During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.

Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.

Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.

The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.

https://en.dailypakistan.com.pk/30-Jan-2023/gold-continues-to-shine-hits-all-time-high-of-rs210-500-in-pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.

Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.

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 205,900 PKR 2,370
Karachi PKR 205,900 PKR 2,370
Islamabad PKR 205,900 PKR 2,370
Peshawar PKR 205,900 PKR 2,370
Quetta PKR 205,900 PKR 2,370
Sialkot PKR 205,900 PKR 2,370
Attock PKR 205,900 PKR 2,370
Gujranwala PKR 205,900 PKR 2,370
Jehlum PKR 205,900 PKR 2,370
Multan PKR 205,900 PKR 2,370
Bahawalpur PKR 205,900 PKR 2,370
Gujrat PKR 205,900 PKR 2,370
Nawabshah PKR 205,900 PKR 2,370
Chakwal PKR 205,900 PKR 2,370
Hyderabad PKR 205,900 PKR 2,370
Nowshehra PKR 205,900 PKR 2,370
Sargodha PKR 205,900 PKR 2,370
Faisalabad PKR 205,900 PKR 2,370
Mirpur PKR 205,900 PKR 2,370

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