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North Korea slapped with tougher sanctions after nuke test

11:08 AM | 12 Sep, 2017
North Korea slapped with tougher sanctions after nuke test
NEW YORK - The UN Security Council has unanimously approved tougher sanctions against North Korea following its hydrogen bomb test.

All the fifteen members including China, Russia, Japan and others voted against the Pyongyang and approved sanctions, including "a ban on the sale of natural gas liquids to the North-East Asian nation, and on its textile exports".  It also prohibited member states from providing work authorizations to its nationals.

On September 2, Pyongyang claimed to have successfully tested a hydrogen bomb designed to be mounted on its newly developed intercontinental ballistic missile (ICBM), producing a greater yield than any of its previous nuclear tests.

https://en.dailypakistan.com.pk/headline/north-korea-confirms-it-successfully-tested-hydrogen-bomb/

"By the terms of resolution 2375 (2017), the Council condemned in the strongest terms Pyongyang’s nuclear test of 2 September, saying that action stood “in flagrant disregard” of its resolutions, and reaffirmed that the Democratic People’s Republic of Korea must immediately suspend all activities related to its ballistic missile and nuclear programmes in a complete, verifiable and irreversible manner," read a press release.

"The Council further decided that all Member States would prohibit the direct or indirect supply, sale or transfer to the Democratic People’s Republic of Korea of all refined petroleum products beyond 500,000 barrels during an initial period of three months — beginning on 1 October 2017 and ending on 31 December 2017 — and exceeding 2 million barrels per year during a period of 12 months beginning on 1 January 2018 and annually thereafter.

"In addition, Member States would not supply, sell or transfer crude oil to the Democratic People’s Republic of Korea in excess of the amount supplied, sold or transferred by that State in the 12-month period prior to the adoption of today’s resolution."

The UNSC also decided to extend a number of existing sanctions, including the freezing of one additional individual’s assets, and both a travel ban and assets freeze to be imposed on three additional entities, both annexed to the text.

This is the ninth resolution passed by the United Nations against the country since 2006 following its nuclear attempts.

US Ambassador to UN Nikki Haley emphasizing that the United Nations and the entire international community stood united against the threats posed by the Democratic People’s Republic of Korea, said today’s resolution built on what were already the deepest-cutting sanctions ever levelled against that country.

In light of Pyongyang’s claims that it had tested a hydrogen bomb on 3 September, she warned, “we will act to stop it ourselves” if the regime did not end such activities.

“Half measures against the regime have not worked,” she said, pointing out that the Council had acted in a different way today by attempting to take the future of the Democratic People’s Republic of Korea’s missile programme “out of the hands of its outlaw regime”.

Chinese envoy to US Liu Jieyi emphasised his country’s commitment to denuclearization of the Korean Peninsula as well as the need for dialogue, urging the North Korea to take seriously the expectations and will of the international community.

The situation must be resolved peacefully, he emphasized, recalling the joint initiative announced by China and the Russian Federation on 4 July.  That initiative was as realistic as it was feasible, he said, expressing hope that it would find a positive response.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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