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Koreas agree on diffusing tensions

03:09 PM | 25 Aug, 2015
Koreas agree on diffusing tensions
SEOUL (Web Desk) - South Korea has halted its propaganda broadcasts into North Korea as part of a deal to defuse tension.

Seoul had begun the loudspeaker broadcasts, which infuriate Pyongyang, after a landmine at the border injured two of its soldiers earlier this month.

The tensions bubbled over in a brief exchange of fire at the heavily guarded border last Thursday.

Read more: Koreas hold talks amid ‘semi state of war’

The deal was reached after the North, which initially denied planting the mine, agreed to express "regret", the BBC reported.

South Korea's President Park Geun-hye said the deal "could serve as an occasion to resolve all inter-Korean issues through trust".

The late-night agreement came after marathon talks at the "truce village" of Panmunjom inside the demilitarised zone (DMZ).

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A joint statement from the two countries - technically at war since the 1950s - said South Korea would stop the loudspeaker broadcasts at midday on Tuesday (03:00 GMT) - as North Korea had demanded.

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The North agreed to end its "semi-state of war", pulling back troops deployed to the frontline.

Both countries have also agreed to work towards a resumption of reunions for families separated by the 1950-53 Korean War, a recurring point of contention.

But South Korea's Defence Minister Kim Min-seok said the South would "maintain its defence posture for the possibility of another provocation".

National security adviser and chief negotiator Kim Kwan-jin said there would be follow-up talks to discuss a range of issues on improving ties.

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But he said it was not the right time to push for a leaders' summit.

The outcome is what seasoned Korea watchers expected, though the tension has been cranked up much higher than in recent years.

It's not clear how much these regular crises are manufactured and how much they are the result of misunderstandings in a highly-armed, permanent stand-off.

Some critics of Pyongyang say it generates crises to remind South Korea and the US that it is there and should be treated as important - and also to keep its own citizenry on high alert.

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Others say the government in Seoul could do more to improve relations with the North, pointing at what they say are provocative military exercises with the US.

But supporters of the South Korean government say: "Why go soft on a regime that is developing nuclear weapons to target at Seoul?"

Both Koreas used to routinely blast propaganda across their shared border, but agreed in 2004 to abandon the tactic.

The writer is a member of the staff.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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