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US lifts arms ban on Vietnam to expand influence in South Pacific

01:13 AM | 24 May, 2016
US lifts arms ban on Vietnam to expand influence in South Pacific
HANOI (Web Desk) - President Barack Obama has announced the lifting of the US embargo on sales of lethal weapons to Vietnam.

During a visit to communist Vietnam and talks with its leaders, Mr Obama said the move removed a "lingering vestige of the Cold War".

The US is trying to bolster its relationship with Pacific nations, as China becomes more assertive about its territorial claims in the region. However, Obama denied that the embargo decision was not related to US policy on China.

Related: Beijing places missile launchers on South China Sea island

"It's based on our desire to complete what has been a lengthy process of moving towards normalisation with Vietnam," he said in Hanoi.

Vietnam is one of several countries in the region involved in maritime disputes with China. The US insists on the right to freedom of navigation in the South China Sea.

In 2014, a row over a Chinese oil rig near the Paracel islands led to clashes between Chinese and Vietnamese vessels and anti-China riots in Vietnam.

Read more: US, Indian war games in South China Sea threat to sovereignty: China

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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 - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
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 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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