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EXCHANGE RATES FOR CURRENCY NOTES FOR CURRENCY NOTES

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KARACHI, Apr 09 (APP):CURRENCY          SELLING BUYING
USD 281.13275.07
GBP 355.77 348.08
EUR 305.20  299.15
JPY 1.85131.8113
SAR    74.95   73.33
AED    76.56    74.89
LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.43294
LIBOR 3M 5.55500
LIBOR 6M 5.64860
US DOLLAR Indicative FBP Rates
CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M
USD276.73275.66273.00271.15268.52265.98263.54
EUR 300.56 299.62297.07295.44292.99290.62288.34
GBP 350.20348.89345.58343.30340.06 336.94333.92

IRSA releases 80,700 cusecs water

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ISLAMABAD, Apr 09 (APP):Indus River System Authority (IRSA) on Tuesday released 80,700 cusecs water from various rim stations with inflow of 78,100 cusecs.
According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1417.17 feet and was 19.17 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 19,100 cusecs and 30,000 cusecs respectively.
The water level in River Jhelum at Mangla Dam was 1103.75 feet, which was 53.75 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 28,300 cusecs and 20,000 cusecs respectively.
The release of water at Kalabagh, Taunsa , Guddu and Sukkur was recorded as 45,900, 38,100, 29,000 and 7,600 cusecs respectively. Similarly, from River Kabul, a total of 18,200 cusecs of water released at Nowshera and 7,300 cusecs released from River Chenab at Marala.

PM strongly condemns Khzdar, Kuchlak bomb blasts

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ISLAMABAD, Apr 9 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday strongly condemned the bomb blasts that took place in the Khuzdar and Kuchlak areas of Balochistan.

The prime minister, in a statement, expressed grief over the loss of precious lives and prayed for peace to the departed souls besides sympathising with the bereaved families.

He directed the authorities concerned to extend all possible medical treatment to those injured and prayed for their quick recovery.

“Such cowardly acts cannot deter our firm resolve against terrorism,” the prime minister reiterated.

NBP Exchange Rates

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KARACHI, Apr 09 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday the following exchange rates.
URRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 278.35 277.85
EURO EUR 302.73            302.19
JAPANESE YEN JPY 1.8330  1.8297
BRITISH POUND GBP 352.25 351.61
SWISS FRANC CHF 307.71 307.15
CANADIAN DOLLAR CAD 204.96  204.59
AUSTRALIAN DOLAR AUD 183.79 183.46
SWEDISH KRONA SEK   26.47   26.42
NORWEGIAN KRONE NOK   26.04   26.00
DANISH KRONE DKK   40.52   40.44
NEWZEALAND DOLLAR NZD 168.06  167.76
SINGAPORE DOLLAR SGD 206.61  206.24
HONGKONG DOLLAR HKD   35.68    35.62
KOREAN WON KRW 0.2054             0.2051
CHINESE YUAN CNY   38.66    38.59
MALAYSIAN RINGGIT                 MYR   58.62      58.52
THAI BAHT THB     7.61        7.60
U.E.A DIRHAM AED   75.80               75.67
SAUDI RIYAL SAR   74.21      74.08
QATAR RIYAL QAR   76.33    76.20
KUWAITI DINAR KWD 905.59   903.96
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 277.9013
GBP 350.9059
EUR 300.9671
JPY 1.8299
SETTLEMENT DATE: 16-04-2024

Radio Bahawalpur to broadcast Eid programs

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BAHAWALPUR, Apr 09 (APP):Radio Pakistan Bahawalpur has finalized preparations to broadcast programs on Eid-ul-Fitr day.
According to a press release issued here, on the day of Eid-ul-Fitr, Radio Pakistan Bahawalpur will broadcast a translation of Eid messages of the President and Prime Minister of Pakistan in the Saraiki language, respectively.
A special program of Jhok Bahawalpur will also be broadcast on the same day.
Lakhwar Sadqey program will be broadcast in the Punjabi language while the Eid Bahaar program will be broadcast after the 3 O’Clock news bulletin.
In the evening, the program Jamhoor Di Awaaz will be broadcast for villager listeners while the funny program, Eidi and Raat will also be broadcast.

Foreign exchange rates

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KARACHI, Apr 09 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Tuesday.

CONVERSION RATES FOR April 09, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE April 16, 2024

USD 277.9013
GBP 350.9059
EUR 300.9071
JPY 1.8299

41 newly elected senators take oath

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ISLAMABAD, Apr 09 (APP):Presiding Officer Mohammad Ishaq Dar on Tuesday administered oath to the newly elected 41 members of the upper house of the Parliament.
Two newly elected senators Faisal Vawda and Maulana Abdul Wasay did not turn to attend the oath-taking proceedings.
Later the newly elected senators signed the roll of members.  Some prominent senators who took oath were Senator Syed Yousaf Raza Gillani, Musadik Masood Malik, Muhammad Talal, Mohammad Ishaq Dar, Muhammad Aurangzeb, Syed Mohsin Raza Naqvi, Pervaiz Rashid, Ahad Cheema, Nasir Mehmmod Butt, Anusha Rehman, Abdul Qadoos Bizenjo, Aimal Wali Khan,  Raja Nasir Abbas, Hamid Khan, Shahzeeb Durrani, Qurat ul Ain Marri, Rana Mehmoodul Hassan, Ashraf Ali Jatoi, Rubina Qaimkhani and others.
Earlier speaking in the House, PTI Senator Ali Zafar demanded the Chair to postpone the elections for the offices of Chairman and Deputy Chairman till Senate elections were held in Khyber Pakhtunkhwa. Citing Article 60 of the constitution, he said that the House was incomplete with senate elections in KPK. He said that the PTI would not take part in the Senate elections till then.
Senator Mohsin Aziz of PTI said that under Article 60 of the Constitution, no elections for the seats of Chairman and Deputy Chairman could be held until the house was in order or complete. However, there is no representation of KPK in the House so therefore any elections held would be unlawful, void, and unconstitutional.
However, Minister for Law and Justice Azam Nazeer Tarar on Tuesday clarified that the House could not remain dysfunctional without its members. Citing Article 60, he said, “ After the Senate has been duly constituted, it shall, at its first meeting and to the exclusion of any other business, elect from amongst its members a Chairman and a Deputy Chairman and, so often as the office of Chairman or Deputy Chairman becomes vacant, the Senate shall elect another member as Chairman or, as the case may be, Deputy Chairman”.  KPK senate elections have not been postponed forced majeure which means under unavoidable circumstances like disasters or extreme events. So, therefore, the objection is invalid to postpone the Senate Chairman and Deputy Chairman elections.
Presiding Officer Ishaq Dar said in the light of the explanation of the Law Minister with reference to the constitution provision, the objection is overruled. He requested the newly elected members to rise from their seats and take the oath.

Hot weather forecast for Bahawalpur

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BAHAWALPUR, Apr 09 (APP):The temperature has started to increase in Bahawalpur, turning local weather hot, and forcing people to stay indoors.
The local Met Office has forecast that the temperature would increase to 39 Centigrade on Wednesday which would make the weather hot.
Meanwhile, the highest maximum temperature 38 centigrade, and the lowest minimum 19 centigrade were recorded during the last 24 hours.
The dry and hot weather has also been forecast for the rest of the region.

Senate session starts: Newly elected senators to take oath

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ISLAMABAD, Apr 09 (APP): The Senate session started on Tuesday at the Parliament House with recitation of verses from the Holy Quran.

Newly elected Senator Mohammad Ishaq Dar is presiding over the 336th session.

According to the agenda of the day, the newly elected members of the house will take oath.

Afterwords, the elections for the office of Chairman and Deputy Chairman will be held.

Pakistan pushes UN Security Council to ensure implementation of its Gaza ceasefire resolution

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UNITED NATIONS, APR 09 (APP): Pakistan has urged the UN Security Council to take appropriate steps to ensure implementation “in letter and spirit” of its resolution (2728) that called for a ceasefire in besieged Gaza.

Speaking in the General Assembly, Ambassador Munir Akram said that as agreed at the Arab-OIC Summit in Riyadh, the 15-member Council should impose an immediate ban on the export of weapons and ammunition to Israel and hold it responsible for their crimes against the Palestinian people in the enclave.

The 193-member Assembly met to debate ‘the use of veto on the situation in the Middle East, including the Palestinian Question.’
At the same time, Ambassador Akram reiterated Pakistan’s unflinching support for the admission of Palestine as a full member of the United Nations, saying, “This step will make a Palestinian State a political reality and inevitability.”

The UN General Assembly meeting was called following the veto of a draft resolution, documented as 2024/239, submitted by the United States, prompting a discussion on the situation in the Middle East, particularly concerning the Palestinian question.

Acknowledging the subsequent adoption of Security Council resolution 2728 (2024) calling for an immediate ceasefire in Gaza, the Pakistani envoy expressed disappointment in Israel’s non-compliance with the resolution, emphasizing the binding nature of Security Council resolutions under Article 25 of the UN Charter.

Noting that the vetoed resolution contained several positive elements, he said there were significant deficiencies in it, particularly the absence of a demand for an immediate and unconditional ceasefire, which had the overwhelming support of the entire UN membership, as expressed through the adoption of the two General Assembly resolutions.

The Pakistani envoy also criticized the vetoed resolution for its failure to address Israel’s military actions adequately, including the killing of innocent Palestinians and the absence of reference to the ICJ’s preliminary findings and recommendations. He also noted the resolution’s lack of opposition to the threatened Israeli ground offensive in Rafah.
Referring to Israel’s military campaign against Gaza, Ambassador Akram emphasized the urgency of a ceasefire, condemning Israel’s actions that resulted in the loss of thousands of innocent lives, targeting of essential infrastructure, and obstruction of humanitarian aid.

He underscored the necessity for any decision by the Security Council to prioritize an immediate cessation of hostilities and the lifting of barriers to humanitarian assistance.
Reiterating Pakistan’s support for the two-state solution, Ambassador Akram said that the establishment of an independent State of Palestine, with Al-Quds as its capital, was the only viable path to lasting peace in the Middle East.

He called for the revival of the peace process, inclusive of key Arab and OIC countries, saying,“The brutality and bloodshed in Gaza has persisted for too long. They must end now, and their recurrence must be prevented through a durable two-state solution.”