Single currency move blocked

Published January 4, 2004

ISLAMABAD, Jan 3: Pakistan on Saturday blocked India's attempt to bring its proposal for a single South Asian currency on to the agenda of the upcoming regional summit, a Pakistani official said.

The Indian proposal was taken up on Friday by foreign ministers as they began a two-day meeting to pave the way for the 12th summit of the seven-nation South Asian Association for Regional Cooperation (Saarc).

Pakistan, which considers the single currency idea as positive but premature, had the item deleted from the final report of the foreign ministers' meeting on Saturday, the official told AFP on condition of anonymity.

"Pakistan believes the Indian move is politically far-fetched."

The ministers wrapped up their talks on Saturday after finalising key agreements. Prime Minister Zafarulla Khan Jamali is due to open the three-day summit on Sunday morning.-AFP

Opinion

Respite needed

Respite needed

All one can fear is a familiar accounting exercise that aims to extract a few more rupees from a narrow, weary economic base.

Editorial

Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...
JAAC ban
Updated 07 Jun, 2026

JAAC ban

Though the JAAC’s demands are open to scrutiny, banning any political organisation — as long as it remains committed to peaceful activism — is undemocratic.
GB election
Updated 07 Jun, 2026

GB election

It is important that whichever party ultimately forms the government puts the needs of the people of GB above everything else.
ODI win
07 Jun, 2026

ODI win

AT last, the Pakistan cricket team had something to celebrate: a One-day International series victory against...