Pakistan denies use of airspace to President Kovind for foreign visits
Islamabad, Sep 7: Pakistan has refused a request by India to allow President Ram Nath Kovind to use its airspace for his flight to Iceland, Foreign Minister Shah Mehmood Qureshi said on Saturday.
Kovind will embark on a visit to Iceland, Switzerland and Slovenia from Monday during which he is expected to brief the top leadership in those countries on India's "national concerns", especially in view of terror incidents this year, including the Pulwama attack.
The decision was approved by Prime Minister Imran Khan in view of the tense situation in Kashmir, the minister told state broadcaster PTV.
Khan's government was under pressure from the Opposition and some ministers to impose on India to use its airspace after India revoked special status of Kashmir.
Though, so far no decision was taken to impose the blanket ban but Pakistan showed its intension by disallowing President Kovind to use its airspace.
Qureshi said New Delhi's tough stance on Kashmir was a serious issue which he would take up with the United Nations Human Rights Council.
He noted that 34 days have elapsed since the Indian authorities imposed a crippling curfew in Kashmir before revoking the region's special status on August 5.
Pakistan had fully closed its airspace in February after an Indian Air Force strike on a Jaish-e-Mohammed (JeM) terror camp in Balakot. The country opened its airspace for all flights except for New Delhi, Bangkok and Kuala Lumpur on March 27.
On May 15, Pakistan extended its airspace ban for flights to India till May 30. It fully opened its airspace for all civilian traffic on July 16.
Pakistan has already suspended its trade with India and stopped the train and bus services in protest to India's August 5 decision to end Jammu and Kashmir's special status.
Tensions between India and Pakistan spiked after India abrogated provisions of Article 370 of the Constitution to withdraw Jammu and Kashmir's special status and bifurcated it into two Union Territories, evoking strong reactions from Pakistan.
India has categorically told the international community that the scrapping of Article 370 was an internal matter and also advised Pakistan to accept the reality.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee falls 5 paise to 90.22 against US dollar in early trade
Mumbai (PTI): The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds.
An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said.
At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level.
On Monday, the rupee ended 1 paisa higher at 90.17 against the US dollar.
Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading 0.11 per cent higher at 98.73.
Brent crude, the global oil benchmark, was trading 0.28 per cent higher at USD 64.05 per barrel in futures trade.
Foreign institutional investors offloaded equities worth Rs 3,638.40 crore on Monday, according to exchange data.
On the domestic equity market front, the 30-share benchmark index Sensex rose 125.96 points or 0.15 per cent to 84,004.13, while the Nifty advanced 47.25 points or 0.18 per cent to 25,837.50.
Analysts attributed the buying trend in equities to the positive cues triggered by strong domestic macroeconomic numbers.
According to government data released on Monday, India's retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India's lower tolerance level.
Also, the latest data from the Income Tax Department showed the government's net direct tax collection grew about 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.
Net corporate tax collection grew 12.4 per cent to over Rs 8.63 lakh crore, and taxes from non-corporates, including individuals, rose 6.39 per cent to about Rs 9.30 lakh crore.
