Pakistan Prime Minister releases new political map; shows J&K, parts of Gujarat as part of Pakistan
Islamabad: Pakistan Prime Minister Imran Khan on Tuesday new political map that includes Jammu & Kashmir and parts of Gujarat as a part of Pakistan.
The move comes days before a year since Article 370 was abrogated in Jammu and Kashmir on August 5, 2019.
Jammu and Kashmir were then converted in Union Territories.
The new political map was shared by the official handle of Prime Minister of Pakistan on Tuesday evening.
There was no immediate response from the Government of India on the development.
“Today, we are introducing the new map of Pakistan before the world. This new map has been endorsed by Pakistan's cabinet, opposition, and the Kashmiri leadership. This map is as per the aspirations of the entire nation as well as the people of Kashmir," Imran Khan said in a press conference.
Celebrating the move, Pakistan Foreign Minister Shah Mehmood Qureshi said, "For the first time in history our government has openly presented its stance before the world."
The political map of Pakistan unveiled by PM @ImranKhanPTI earlier today. pic.twitter.com/q4jyMTNmlB
— Prime Minister's Office, Pakistan (@PakPMO) August 4, 2020
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Rupee falls 11 paise to 94.27 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets.
Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions.
Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty.
At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.09 per cent at 98.44.
Brent crude, the global oil benchmark, was trading higher by 1.16 per cent at USD 106.55 per barrel in futures trade.
A mix of softer economic signals and renewed, even if fragile, hopes of diplomacy pulled the dollar lower again, CR Forex Advisors MD Amit Pabari said, adding that for Rupee, on one hand, a softer dollar offers relief. On the other, uncertainty remains the dominant force.
Meanwhile, India’s forex reserves have crossed USD 703 billion as of April 17, reflecting a consistent build-up of buffers.
"For now, the rupee continues to lean toward gradual weakness. Uncertainty remains the dominant force, shaping both global flows and local reactions," Pabari said.
He further noted that any dips are likely to be bought into, with the 92.80–93.20 zone acting as a strong support. On the upside, 93.50 to 94.50 is expected to define the near-term range.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 518.96 points or 0.68 per cent higher at 77,183.17, while the broader Nifty was trading up 131.30 points or 0.55 per cent at 24,029.25.
Foreign Institutional Investors offloaded equities worth Rs 8,827.87 crore on Friday, according to exchange data.
