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Exchange rates for currency notes

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Foreign exchange rates
KARACHI, Mar 15 (APP):CURRENCY          SELLING BUYING
USD 282.24 276.16
GBP 359.52 351.74
EUR 307.02  300.94
JPY 1.9025            1.8614
SAR   75.26  73.63
AED   76.85   75.19
LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.43981
LIBOR 3M 5.59088
LIBOR 6M 5.67901
US DOLLAR Indicative FBP Rates
CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M
USD278.45278.00276.36274.28271.88269.49267.61
EUR 303.05302.76301.36299.47297.23295.02293.35
GBP 354.69354.15352.12  349.52346.52 343.53341.19

Car-bike collision in Hub claims 3 lives

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KILLED
ISLAMABAD, Mar 15 (APP):Three people have been killed due to the fire that erupted after a collision between a car carrying Iranian petrol and a motorcycle near Gadani Mor in Hub, an area of Balochistan in the wee hours of Friday.
 According to the police, the fire brigade extinguished the fire, but the vehicle and the motorcycle were badly
burnt, private news channels reported.
The motorcyclist was yet not be identified, police sources said, adding, the rescue teams shifted the bodies to the hospital.

Currency rates of NBP

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Currency rates

KARACHI, Mar 15 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday.

CURRENCY SELLING BUYING
USD 282.24 276.16
GBP 359.52 351.74
EUR 307.02 300.94
JPY 1.9025 1.8614
SAR 75.26 73.63
AED 76.85 75.19

APP/mzr/

NBP Exchange Rates

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NBP
KARACHI, Mar 15 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday the following exchange rates.
URRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 279.45 278.95
EURO EUR 304.54            303.99
JAPANESE YEN JPY 1.8837  1.8803
BRITISH POUND GBP 355.96 355.32
SWISS FRANC CHF 315.92 315.35
CANADIAN DOLLAR CAD 206.44  206.08
AUSTRALIAN DOLAR AUD 183.46 183.13
SWEDISH KRONA SEK   27.12   27.07
NORWEGIAN KRONE NOK   26.39   26.35
DANISH KRONE DKK   40.77   40.70
NEWZEALAND DOLLAR NZD 170.55  170.25
SINGAPORE DOLLAR SGD 208.96  208.58
HONGKONG DOLLAR HKD   35.86    35.80
KOREAN WON KRW 0.2102             0.2098
CHINESE YUAN CNY   39.02    38.95
MALAYSIAN RINGGIT                 MYR   59.44      59.34
THAI BAHT THB     7.81        7.79
U.E.A DIRHAM AED   76.09               75.96
SAUDI RIYAL SAR   74.52      74.38
QATAR RIYAL QAR   76.67    76.53
KUWAITI DINAR KWD 909.28   907.66
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.5405
GBP 356.6154
EUR 304.584
JPY 1.8839

Crafting Tradition: The artistry of wooden products attract customers

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Crafting Tradition
By Asmat Shah Garwaki
PESHAWAR, Mar 15 (APP):Khyber Pakhtunkhwa has the richest tapestry of centuries-old crafting tradition of the artistry of wooden products that attracts customers from across the country and abroad. From intricately carved furniture to daily-use items like doors, windows, beds, tables, showcase every piece tells a story of expertise and resilience.
Nestled amid the breathtaking beauty of the region, skilled craftsmen continue to carve, shape, and create masterpieces that not only serve practical purposes but it also embody the essence of KP’s cultural identity.
In the bustling markets of Peshawar and the serene valleys of Swat, the legacy of wooden craftsmanship is evident. The skilled artisans are not merely creating products; they are also preserving a rich cultural heritage that has been passed down through many generations.
The artisan breathes life into wood, turning it into functional works of art, said Muhammad Shahbaz, a third-generation woodworker from Swat while reflecting on the significance of the craft industry in the region. “Our ancestors relied on wood for their daily needs, and it is our duty to carry forward this tradition. It is not just a job for us rather a connection to our roots.”
While honoring the tradition, the craftsmen in KP are not afraid to embrace modern designs. The fusion of traditional techniques with contemporary aesthetics has given rise to a unique style that appeals to both local and international buyers. From minimalist wooden decor to intricately carved doors with a modern twist, KP’s wooden products seamlessly blend the old and the new.
The demand for KP’s wooden products has transcended borders, with enthusiasts and connoisseurs worldwide recognizing the exceptional craftsmanship embedded in each piece. The intricate detailing and timeless elegance of KP’s wooden products make them coveted items in the global market.
In recent years, the provincial government of Khyber Pakhtunkhwa has actively supported and promoted the wooden craftsmanship industry. Initiatives aimed at skill development, marketing, and establishing export channels have not only empowered local artisans but have also positioned the province as a hub for high-quality wooden products.
International exhibitions and trade fairs have become platforms for showcasing the unique blend of tradition and innovation in KP’s wooden products. Collaborations with designers and retailers from around the world have opened up new avenues, allowing the age-old craft to evolve and adapt to contemporary tastes.
Haji Feroz Shah, President Dealer Furniture Association KP while talking to the news agency said that there were more than seven hundred small wooden industries only in Peshawar city. Every industry has accommodated nearly 15 employees where they make office and home furniture. Speaking about the present condition, he said the power shutdown has badly affected the industry.
As the world increasingly values sustainable and eco-friendly practices, KP’s wooden craftsmen have embraced responsible sourcing and production methods. The use of reclaimed wood and environmentally conscious techniques reflect a commitment to preserve both cultural heritage and the natural resources that make these creations possible.
Despite the success, the wooden craftsmanship industry faces challenges such as changing market trends, competition from mass-produced alternatives, and the need for continuous innovation. However, the resilience ingrained in the cultural fabric of KP ensures that these challenges are met with adaptability and creativity.
The future of wooden craftsmanship in Khyber Pakhtunkhwa appears promising. As the industry continues to evolve, there is a growing appreciation for the authenticity, quality, and unique character embedded in each handmade wooden piece. The interplay between tradition and modernity, coupled with a commitment to sustainability, positions KP’s wooden products as timeless artifacts that transcend generations.
In the heart of Khyber Pakhtunkhwa, where the hands of artisans shape wood into enduring treasures, the tradition lives on, resonating through the craftsmanship that connects the past with the present and future.
Shamsul Qamar, a resident of Tehkal Peshawar who had worked in a wooden products manufacturing factory during the last 50 years said that his business was down now due to inflation. He said that he was a small boy who started working in a wooden manufacturing factory.
Qamar informed that they bring Kikar and Shisham wood from southern districts for decorated pieces while the wood of Chir, Partal, Dyar and Ghuz they bring from Swat and Dir for making doors and windows. He said that there were more than five thousand industries in the province, adding that due to ongoing wave of inflation, wood manufacturing industries were rapidly shutting down.
Muhammad Rasool, a resident of Waziristan, and Iftikhar Khan, a resident of Mardan while buying some wooden products in Board Bazar said that instead of new products they opt for used products to afford the prices.
When contacted Minister for Industries Abdul Karim Khan, he said that the provincial government was taking all possible measures to provide the available resources to industrialists. He also sought support of the federal government in this regard to promote the industrial sector in the province.

Educational standard lags behind in international benchmarks

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LAHORE, Mar 15 (APP): Despite progress in recent years, including increased enrollment rates and infrastructural development, the educational standard still lags behind in international benchmarks. It is the transformational power of education that paves the way for bright future of a country.
Pakistan, like many developing nations, faces significant challenges in its education system. In order to transform the educational landscape, Pakistan must adopt a comprehensive approach that addresses the multifaceted issues hindering progress.
Talking to APP, the Director General of the Pakistan Institute of Education (PIE), Dr. Shahid Soroya stated that there were various strategies and initiatives aimed at improving educational standards. He said these strategies encompass curriculum reform, teacher training, infrastructure development, technology integration, and community engagement. A critical aspect of improving educational standards is to revisit the curriculum to align it with global best practices and cater to the evolving needs of students, he added.
The current curriculum often emphasizes rote memorization over critical thinking and practical skills development. For this purpose, he suggested that the curriculum should be revised to incorporate relevant and contemporary subject matter, including topics related to technology, entrepreneurship, environmental sustainability, and civic education.
Dr Shahid said that the focus should be shifted from memorization to skills-based learning, fostering critical thinking, problem-solving, creativity, and communication skills among students. Emphasizing the promotion of multidisciplinary learning, he said that encouraging interdisciplinary approaches to education allows students to explore connections between different subjects and apply knowledge in real-world contexts.
The DG PIE said that teachers play a pivotal role in shaping the quality of education. However, many teachers in Pakistan lack adequate training and support to effectively engage students and deliver high-quality instruction.
To address this issue, he said that comprehensive training programs for teachers should be implemented. He said that the development and implementation of comprehensive training programs for teachers, focusing on pedagogical techniques, subject knowledge, classroom management, and the use of technology are needed.
Stressing the provision of ongoing support and mentorship for teachers, he said that establishing mentorship programs and professional development opportunities to support teachers throughout their careers fosters continuous learning and growth. He said that facilitating collaboration among teachers through workshops, peer observation, and online communities allows them to share best practices and learn from each other.
Discussing infrastructure development, the DG said that access to quality infrastructure is essential for creating a conducive learning environment. However, many schools in Pakistan lack basic facilities such as proper classrooms, libraries, laboratories, and sanitation facilities.
He suggested investing in school infrastructure and allocating sufficient resources for the construction, renovation, and maintenance of school buildings, ensuring they meet safety and quality standards. He said that expanding access to technology and equipping schools with computers, internet connectivity, multimedia resources, and educational software enhances teaching and learning experiences.
Discussing students with disabilities, he said that improvements in facilities for special needs students are strongly recommended to educate the maximum population and ensure that schools are accessible and inclusive for students with disabilities, providing ramps, assistive devices, and trained staff to support their learning needs.
Technology can play a transformative role in enhancing educational standards by providing access to information, facilitating interactive learning experiences, and promoting innovation, he added. He said to harness the potential of technology in education, incorporating digital learning tools such as e-books, educational videos, simulations, and online courses into the curriculum to supplement traditional teaching methods is necessary.
He said that offering training programs for teachers on how to effectively integrate technology into their teaching practices, including strategies for using educational software and online resources, is essential. Additionally, he suggested partnering with organizations and government agencies to develop and promote online learning platforms that offer educational content in multiple languages and subjects, reaching students in remote areas.
He said that establishing parent-teacher associations and school management committees to involve parents in decision-making processes and encourage their active participation in their children’s education, adding that partnering with local NGOs, community-based organizations, and religious institutions to mobilize resources, raise awareness about the importance of education, and support initiatives that promote educational access and equity is crucial.
He stressed the importance of encouraging student participation in school activities, extracurricular programs, and community service projects, empowering them to become active agents of change in their communities.
Improving educational standards in Pakistan requires a holistic and collaborative approach that addresses the diverse needs of students, teachers, schools, and communities. By implementing strategies such as curriculum reform, teacher training, infrastructure development, technology integration, and community engagement, Pakistan can create an education system that equips students with the knowledge, skills, and values needed to thrive in 21st century.
However, achieving lasting change will require sustained commitment, investment, and collaboration from all stakeholders, including government agencies, educators, civil society organizations, and the private sector.

APP/skh/taj (APP Feature Service)

Chinese diplomat Wang Kejian visits Israel over Gaza conflict

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Wang Kejian

BEIJING, March 15 (APP): Chinese diplomat Wang Kejian has visited Israel and held talks with Israeli foreign ministry officials over the ongoing Gaza conflict and China-Israel ties, the Chinese Foreign Ministry said on Friday.

Wang has called for a comprehensive ceasefire and cessation of hostilities to guarantee humanitarian assistance and effectively protect civilians as the conflict in Gaza drags on.

He also urged a political settlement of the Palestinian issue on the basis of the “two-state solution” to realize the peaceful coexistence of Israel and Palestine.

For its part, the Israeli side expressed its position and concerns on the issue of the Gaza conflict, the Chinese Foreign Ministry said.

Foreign exchange rates

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Exchange rates

KARACHI, Mar 15 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday.

CONVERSION RATES FOR MARCH 15, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE MARCH 19, 2024

USD 278.5405
GBP 356.6154
EUR 304.5840
JPY 1.8839

APP/mzr/

Youth killed, brother injured over old enmity

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Rescue 1122
FAISALABAD, Mar 15 (APP):The rivals allegedly killed a youth in addition to inflicting serious injuries to his brother over an old enmity in the area of NishatAbad police station,here on Friday.
Rescue 1122 spokesman said that unidentified assailants intercepted Afzaal Aslam (24) resident of Chak No.50-JB and his elder brother Akram (28) near Chak No.47-JB Mansooran Sargodha road late Thursday night and opened indiscriminate firing.
As a result,Afzaal died on the spot whereas, Rescue 1122 shifted his brother Akram in Allied Hospital-I in critical condition.
The police took the body into custody and started investigation.

Multan Sultans clinch victory over Peshawar Zalmi in HBL PSL 9 encounter

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HBL PSL 9
KARACHI, Mar 15 (APP):In a riveting clash in the ongoing HBL PSL 9, Multan Sultans emerged triumphant against Peshawar Zalmi, securing a commanding seven-wicket win in a match filled with standout performances and gripping moments.
With this victory, Multan Sultans secured their place in the final, further solidifying their dominance in the tournament.
The match showcased a masterclass from Babar Azam, who not only anchored the innings but also etched his name in the tournament’s history by surpassing the 500-run mark in HBL PSL 9. Azam’s achievement makes him only the second batter, alongside Rizwan, to achieve this milestone twice in the tournament’s illustrious history.
Following Azam’s exemplary performance, the spotlight shifted to Usama Mir, the star of the match. Usama’s return to the bowling crease in the final over of his spell proved pivotal as he dismissed Tom Kohler-Cadmore, bolstering his wicket tally to 23 in HBL PSL 9.
With this feat, Usama not only solidified his position as a key bowler for Multan Sultans but also earned the prestigious Fazal Mahmood Cap in the tournament. Additionally, Usama’s achievement of becoming the bowler with the joint second-most wickets in an HBL PSL season further underscores his prowess on the field, with only Hasan Ali ahead of him with 25 scalps.
The match witnessed a flurry of action as Rovman Powell’s departure in the 18th over, courtesy of Chris Jordan’s stellar bowling, added to the intensity. Drama ensued in the penultimate over as Abbas Afridi claimed the wicket of Aamir Jamal, only for Luke Wood to counter with aggressive batting, smashing Afridi for a six and a four on successive balls.
Despite the tense moments, Jordan’s impressive final over, conceding a mere three runs, limited Peshawar Zalmi to a total of 146-7 in their allotted 20 overs. Luke Wood and Paul Walter’s unbeaten partnership added 15 vital runs for the seventh wicket, offering some respite to Peshawar Zalmi.
In response, Multan Sultans chased down the target with conviction, with stellar performances from Yasir Khan, Usman Khan, and Iftikhar Ahmed guiding them to victory with 9 balls to spare. The comprehensive win further solidifies Multan Sultans’ position as a contenders in the tournament.
With the clash between Multan Sultans and Peshawar Zalmi delivering a spectacle of cricketing excellence, fans can expect more exhilarating encounters as the HBL PSL 9 progresses.
The Player of the Match award rightfully went to Usama Mir for his outstanding all-round performance, epitomizing the spirit of cricketing brilliance in the HBL PSL 9.