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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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Meng Wanzhou: Trapped in a gilded cage
The life of Huawei's high-flying heiress 
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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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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