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Death anniversary of comedian, actor Moin Akhtar observed

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ISLAMABAD, Apr 22 (APP): Death anniversary of legendary artist, comedian, actor and host Moin Akhtar was observed on Monday.
Born on December 24, 1950 in Karachi, Moin Akhtar made his television debut in1966.
He performed several roles in television stage shows, dramas, films and talk shows. His best dramas were Eid Train, Studio Dhai, Bakra Qistoon Per, Fifty-Fifty, Loose Talk and many others.
He was fluent in several languages, including English, Bengali, Sindhi, Punjabi, Memon, Pashto, Gujarati and Urdu.
Moin Akhtar was awarded the Pride of Performance in 1996 and Sitara-e-Imtiaz in 2011 on his outstanding performance.
He passed away on April 22, 2011 in Karachi after suffering a heart attack.

IRSA releases 165,600 cusecs water

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ISLAMABAD, Apr 22 (APP): Indus River System Authority (IRSA) on Monday released 165,600 cusecs water from various rim stations with inflow of 244,600 cusecs.

According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1441.48 feet and was 43.48 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 40,500 cusecs and 5,000 cusecs respectively.

The water level in River Jhelum at Mangla Dam was 1134.60 feet, which was 84.60 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 63,500 cusecs and 20,000 cusecs respectively.

The release of water at Kalabagh, Taunsa , Guddu and Sukkur was recorded as 100,500, 56,000, 97,800 and 33,300 cusecs respectively. Similarly, from River Kabul, a total of 116,000 cusecs of water released at Nowshera and 16,600 cusecs were released from River Chenab at Marala

Faisal Amin of SIC wins NA-44 by-election

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DERA ISMAIL KHAN, Apr 22 (APP):Sunni Ittehad Council (SIC) candidate Faisal Amin Khan has won the by-election on National Assembly seat NA-44 by securing 66,879.
According to the unofficial result issued by the Returning Officer, his runner-up was Abdul Rasheed Khan Kundi of Pakistan People’s Party Parliamentarian, who bagged 21,979 votes.
Overall voter turnout remained at 24.5 percent.
It is worth mentioning here that this national assembly seat was vacated by Ali Amin Gandapur upon after being elected as Khyber Pakhtunkhwa Chief Minister.

Govt disburses Rs 33,166.64 mln for various power sector schemes so far

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ISLAMABAD, Apr 22 (APP): The government had released an amount of Rs 33,166.64 million for various power sector NTDC/PEPCO schemes under the annual Public Sector Development Programme (PSDP) so far in the current fiscal year 2023-24.
According to the official data issued by the Planning Commission, the government had specified a sum of Rs 55,277.74 million for various NTDC/PEPCO projects in PSDP 2023-24. Out of the total release amount, the local component stood at Rs 29,639.13 million while the foreign aid component was Rs 25,638.61 million. A sum of Rs 19,819.75 million had been spent on various water-related projects so far.
Under ongoing schemes, an amount of Rs12,000 million has been allocated for Installation of 2×600 MW coal-fired power project GENCO-1 Jamshoro, Rs 2,536.471 million for interconnection of isolated Makran Network, Rs 1600 million each for 220kV Hairpur Substation, 220kV Swabi Substation, Rs 1200 million for 500kV Allama Iqbal Industrial City for 600 MW Demand of the Special Economic Zone, Rs 1,059 million for replacement of LT Bare conductor with ABC Cable in Peshawar Khyber Circle and Bannu Circle, Rs 1,439 million for 220/132 Kv GIS substation Dhabiji, Rs 964 million for electrification works at different valleys of District Chitral and Rs 900 million for 220 kV Quaid-e-Azam Apparel and Business Park in the PSDP for FY 2023-24.
Similarly, a sum of Rs 13,800 million has been specified for evacuation of power from Suki Kinari, Kohala, Mahal HPPs, Rs 5,667.094 million for evacuation of power from 2160 MW Dasu stage-1, 16,099.255 million for 500 kV HVDC Transmission System between Tajikistan and Pakistan (CASA-1000), Rs 3,904.500 million for 500KV Lahore North, 2,324 million for Upgradation of NTDC’s Telecommunication, Rs 7,000 million for augmentation of existing 500kV and 220 kV grid stations, Rs 3000 million for power distribution enhancement investment programme-II (Advance Metering Infrastructure Project), Rs 950 million for evacuation of power from 1,224 MW wind power plants at Jhamir and others ongoing projects.
Under new schemes, Rs 2,658 million has been allocated for Land acquisition for the installation of a 1200 MW Solar Power Plant at Sher Garh (Layyah), Rs 1133 million for land acquisition for the installation of a 600 MW Solar Power Plant at Tehsil Athara Hazari (Jhang), Rs 1900 million for 500 KV Islamabad West, Rs 1000 million each for electricity distribution efficiency improvement projects in MEPCO and HESCO, Rs 1300 million for augmentation of 2×160 MVA transformers with 2×250 MVA Yousafwala, Rs 639 million for Installation of wide area monitoring system and Rs 500 million for 220kV Na Shah Grid Station in the PSDP for FY2023-24.

On Earth Day, PM calls for responsible use, recycling to achieve plastic-free society

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ISLAMABAD, Apr 22 (APP): As the international community observes the annual Earth Day on Monday, Prime Minister Muhammad Shehbaz Sharif urged the countrymen to reaffirm their commitment to using plastic responsibly to reduce plastic waste and embrace recycling and eco-friendly alternatives.

Observed annually on April 22, this year’s Earth Day is being observed under the theme of “Planet vs. Plastics.”

“As we unite to observe this day under the theme, “Planet vs. Plastics” that calls for a 60% reduction in plastic use by 2040, let us reaffirm our commitment to use plastic responsibly to reduce plastic waste that is not only polluting our oceans, lakes, and rivers but are also making inroads into our food systems, posing a direct and serious threat to human health,” the prime minister, in a message to the nation.

He appealed the people for a pledge to reduce the use of single-use plastics, embrace recycling and eco-friendly alternatives, and advocate for stronger environmental policies at every level of society.

Calling Earth Day a reminder of shared responsibility towards protecting our planet – for now and for future generations, he said though Pakistan was among one of the most climate-vulnerable countries, there was little awareness about the risks of climate change threatening the development, the well-being, and economic security of the citizens.

“Year after year, we are witnessing its devastating impacts – from changing seasonal weather patterns, rising temperatures, variability of monsoons and melting of glaciers in the north, further compounded with recurrent extreme weather events and natural disasters – to the slower onset events of sea level rise, warming seas and loss of ecosystems.”

The prime minister said that the effects of climate change had exacerbated over the years, which puts the country at an even greater economic and physical risk. Hence, we understand the urgency of taking bold and decisive steps to confront these challenges and build resilience in the face of adversity, he added.

He said the government was leading the charge and remained committed to making its contribution as it had initiated an exhaustive consultative process with the line ministries, provincial environment departments, ICT administration, industries and other relevant stakeholders for developing Single-Use Plastics (Prohibition) Regulations, 2023 as well as restriction on use of Polyethylene Terephthalate (PET) bottles in federal ministries/divisions.

“These initiatives underscore our commitment towards promoting a sustainable circular economy for plastics by reducing waste, and consumption, and encouraging reuse, recycling, and material recovery. To achieve a plastic-free society and effectively combat the escalating issue of plastic pollution in Pakistan, it is imperative to address the underlying causes and promote a holistic approach for managing plastic waste,” the prime minister remarked.

Highlighting the role of provincial governments and local authorities as of prime importance, he urged the citizens to play their role in safeguarding the planet for the prosperity of all.

Recounting nature’s bounties for Pakistan in the form of awe-inspiring mountains, dense forests and pristine lakes and coasts, he emphasised the society’s responsibility to protect them.

“From preserving nature to mitigating the effects of climate change on people and their livelihoods, Pakistan will continue its strife towards building a sustainable, cleaner and greener future,” he resolved.

PML N candidate Ali Ahmed Leghari wins PP-290 by polls

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DG KHAN, Apr 22 (APP):Pakistan Muslim League N’s candidate for by-polls in PP 290 Sardar Ali Ahmed Khan Leghari won the election by securing 62,484 votes.
According to an unofficial notification from Returning Officer Muhammad Asad, his rival candidate Sardar Mohiuddin Khan Khosa, who was backed by PTI, got 23,670 votes.
The total number of votes was 193,960 however 89,580 persons exercised their right to vote. The voter turnout remained at 46.18 percent in the by-polls.

Exchange rates for currency notes

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KARACHI, Apr 22 (APP): CURRENCY SELLING BUYING
USD 281.54275.47
GBP 348.70 341.15
EUR 300.20 294.27
JPY 1.82001.7807
SAR 75.07 73.45
AED 76.67 75.51

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.42992
LIBOR 3M 5.58617
LIBOR 6M 5.72804

US DOLLAR Indicative FBP Rates

CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M

USD275.74273.28268.16264.06259.56255.09251.16

EUR 294.18291.73286.65282.65278.26273.84270.03

GBP 341.51338.49332.22 327.21 321.74 316.27 311.49

Iran’s President Raisi arrives to red carpet welcome in Islamabad on three-day visit

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ISLAMABAD, Apr 22 (APP): President of Iran Dr. Seyyed Ebrahim Raisi arrived here Monday on a three-day official visit till April 24, to meet the leadership and discuss the regional developments as well as bilateral cooperation.

This marks the first visit by any head of state to Pakistan after the general elections in February 2024.

As the Iranian president landed at Nur Khan Airbase, a red carpet was rolled out to accord him a warm welcome.

Federal Minister for Housing and Works, the minister-in-waiting, Mian Riaz Hussain Pirzada received the guest.

Clad in traditional attires, two children presented bouquet of flowers to the dignitary, who is accompanied by his spouse and a high level delegation comprising the foreign minister and other members of the cabinet, senior officials as well as a large business delegation.

During the three-day visit, President Raisi will meet the President and the Prime Minister of Pakistan, Chairman of Senate and Speaker of National Assembly. He will also visit Lahore and Karachi and meet with the provincial leadership.

Besides discussing regional and global developments, the two sides will have a wide-ranging agenda to further strengthen Pakistan-Iran ties and enhance cooperation in diverse fields including trade, connectivity, energy, agriculture, and people-to-people contacts.

NBP exchange rates

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KARACHI, Apr 22 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday the following exchange rates.

CURRENCY           SYMBOL      TT Selling       TT Buying
U.S DOLLAR             USD           278.75            278.25
EURO                        EUR           297.79            297.25
JAPANESE YEN          JPY           1.8020             1.7988
BRITISH POUND       GBP           345.24            344.62
SWISS FRANC           CHF           305.81           305.27
CANADIAN DOLLAR  CAD          203.10          202.73
AUSTRALIAN DOLAR AUD          179.49          179.17
SWEDISH KRONA       SEK             25.67           25.62
NORWEGIAN KRONE  NOK           25.32           25.27
DANISH KRONE           DKK           39.84           39.77
NEWZEALAND DOLLAR NZD       164.89         164.59
SINGAPORE DOLLAR      SGD        204.80        204.43
HONGKONG DOLLAR     HKD          35.72         35.66
KOREAN WON               KRW         0.2018       0.2014
CHINESE YUAN              CNY            38.82        38.75
MALAYSIAN RINGGIT     MYR           58.30        58.19
THAI BAHT                      THB              7.54          7.53
U.E.A DIRHAM                AED             76.43        76.29
SAUDI RIYAL                   SAR             74.33        74.19
QATAR RIYAL                  QAR            76.43         76.30
KUWAITI DINAR             KWD          904.80       903.18

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.2147
GBP 346.1547
EUR 296.3265
JPY 1.8018

SETTLEMENT DATE: 24-04-2024

Foreign exchange rates

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KARACHI, Apr 22 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday.

CONVERSION RATES FOR APRIL 22, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE APRIL 24, 2024

USD 278.2147
GBP 346.1547
EUR 296.3265
JPY 1.8018