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Europe sends medical gear to Iran in first sanction-bypass deal

Associated Press of Pakistan 04:46 PM | 31 Mar, 2020
Europe sends medical gear to Iran in first sanction-bypass deal

BERLIN – European nations have delivered medical goods to Iran in the first transaction under the Instex mechanism set up to evade American sanctions on Tehran, the German foreign ministry said Tuesday.

"France, Germany and the United Kingdom confirm that Instex has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. These goods are now in Iran," the ministry said in a statement.

The first successful transaction comes over a year after Britain, France and Germany announced the creation of Instex, months that have been marked by Iranian chafing against European delay.

"Now the first transaction is complete, Instex and its Iranian counterpart STFI will work on more transactions and enhancing the mechanism," Berlin said.

Britain, France and Germany were among a list of countries that Iran reported receiving medical aid from earlier this month as it battles a serious outbreak of the novel coronavirus.

On Monday, the number of cases in the country passed 40,000, and the government warned the epidemic could run for several more months and cost over 10,000 lives.

Tehran's struggle to bring the virus' spread under control has been made more difficult by US sanctions.

The blockade was re-imposed under President Donald Trump after he withdrew from a 2015 deal in which Iran agreed to limit its nuclear activities in exchange for easier access to global trade.

But the European sanctions-dodging scheme aims to keep the nuclear deal alive, holding Iran back from developing a bomb.

Supreme leader Ali Khamenei said last week that Iran would not accept help from Washington after Trump offered aid at the end of February.

The American proposals "to help us with medicines and treatments, provided we ask for them, are strange", he said, calling the US Iran's "most ferocious and vicious enemy".

Associated Press of Pakistan
Associated Press of Pakistan

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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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 February 1, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 269.9 272.85
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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