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Kerb currency market

By
AHMD Raja
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0
KARACHI, May 06 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association
of Pakistan, here on Monday.
F.C.                         BUYING        SELLING
INTER BANK                   278.05         278.15
USD                          277.25         280.00
EURO                         295.80         298.75
GBP     344.85  348.15
JPY       1.78           1.82
AED75.00   75.75
SAR73.30   74.03
CAD     200.20  203.20
AUD     180.40  183.40

Dr Shahzad Baig urges parents to shun propaganda, calls collective efforts to make polio-free

By
AHMD Raja
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0
ISLAMABAD, May 6 (APP):The coordinator of the National Emergency Operations Center for Polio Eradication, Dr Shahzad Baig Monday, called for collective efforts of society to eradicate polio from the country and requested parents to give their children two drops of polio vaccine and make Pakistan polio-free.
    Talking to PTV news channel, he said that the eradication of polio from the country is a national cause, for which people from all segments of society including media, religious scholars, teachers, family relatives and influencers should join hands and work together.
    He also said that all religious and political parties, people from the showbiz, different segments of society and the common people should come forward to eradicate this menace from our country once and for all.
        “We need a final push to eradicate this dreaded disease,” he added.
 He also appreciated the unsung heroes of the polio eradication programme, the front-line workers who have gone about their jobs under difficult circumstances to reach children with the life-saving vaccine.
“I request parents and caregivers to welcome these workers on their doorsteps. It is their efforts that are protecting the future generations of our country,” he appealed.
 He said the real challenge was to convey the message to pulpits in the remote areas and at the grassroots level.
 Dr Shahzad Baig said people should not fall prey to any negative propaganda about the polio vaccination.
 Replying to a question, he said that several refusal cases were reported in different localities of remote areas, However, efforts were underway to convince the parents to administer anti-polio vaccine to their children.
He assured that the federal government is extending every possible assistance and cooperation in this regard.

Gov’t facilitation approach builds investor’s confidence: Jam Kamal

By
Muhammad Ashraf Wani
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0

 

ISLAMABAD, May 6 (APP):Federal Minister for Commerce, Jam Kamal Khan said Monday that the government’s fresh approach of focusing solely on facilitation has successfully bolstered the confidence of investors and businessmen in its commitments, paving the way for a new era of economic growth and cooperation.

Addressing a press conference on the sidelines of Two-Day Pakistan-Saudi Arabia Investment Conference, the minister said, unlike in the past, the incumbent government has limited its role to facilitation and promotion of businesses to build a robust economy, which he said was imperative in shaping foreign policies and fulfilling commitments respectfully.

The minister was flanked by Federal Minister for Information and Broadcasting Attaullah Tarar and Federal Minister for Petroleum Dr. Musadik Masood Malik.

This new approach had already yielded positive results, with Saudi investors expressing confidence in the government’s commitments, the minister added.

The Minister attributed this trust to the government’s consistent follow-through on its promises, demonstrated by the frequent meetings between Prime Minister Shahbaz Sharif and the Saudi Crown Prince, Mohammed bin Salman Al Saud and meetings of ministers of both the countries during past two months.

The government’s efforts have led to an influx of around 100 foreign companies from various sectors, including energy, food, construction, and IT, engaging with Pakistani businesses. This enthusiasm was palpable at the current conference, where business communities from both countries came together to explore opportunities.

The Minister praised the business community’s crucial role in improving the country’s economic affairs and acknowledged the government’s commitment to creating a conducive environment for economic growth. The government has taken concrete steps, including reforms in taxation, energy, and tariff matters, to facilitate export-oriented companies and ease the process of doing business.

This new approach marks a significant shift from the past, when Pakistani companies were leaving the country. Now, they are returning and even considering joint ventures. The government’s vision is to promote the business sector, leading to economic growth and relations built on business and work, rather than loans, aids, and grants.

The International Finance Corporation (IFC) has also acknowledged the positive portfolio in Pakistan, further boosting investor confidence, he added.

He explained that today’s conference marked the first stage of a multi-phase process, which would be followed by the concrete implementation of the commitments made here. Ultimately, this would lead to the fruitful outcome of promoting businesses, services, employment opportunities, and most importantly, improving the overall quality of life for the people.

 

Bilawal constitutes committee to engage with govt over privatisation

By
NNPS Desk
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0

ISLAMABAD, May 06 (APP): Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has constituted a committee to engage with government over privatisation issues.

The members of the committee included Sherry Rehman, Syed Naveed Qamar and Saleem Mandviwalla, said a notification issued by Chairman’s Secretariat.

OIC Kashmir Contact Group: Pakistan for reversal of Indian unilateral actions in IIOJK, implementation of UN resolutions

By
NNPS Desk
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0

BANJUL (GAMBIA), May 06 (APP): The Contact Group of the Organization of Islamic Cooperation (OIC) on Jammu and Kashmir met here Monday wherein Pakistan stressed that India should revoke all of its unilateral actions of August 5, 2019 in IIOJK and implement the relevant UN Security Council resolutions on Kashmir dispute.

Held on the sidelines of the 15th Islamic Summit of the OIC here, the meeting reviewed the political and security environment in the Indian Illegally Occupied Jammu and Kashmir (IIOJK) besides taking stock of the grim human rights situation in the occupied territory.

Chaired by the Assistant Secretary General (Political Affairs) of the OIC and the Secretary General’s Special Envoy for Jammu and Kashmir, Yousaf-Al-Dobeay, the meeting was attended by the member states of the Contact Group i.e. Pakistan, Saudi Arabia, Türkiye, Niger and Azerbaijan.

A delegation of the True Representatives of the Kashmiri People, and the senior officials of the OIC-Independent Permanent Human Rights Commission were also in attendance.

In his remarks, Deputy Prime Minister Ishaq Dar, who led the Pakistani delegation, urged the international community to take cognizance of the Indian leaders’ provocative statements and unwarranted claims about Azad Jammu and Kashmir, which constituted a serious threat to regional peace.

He stressed that India must release all the political prisoners, lift curbs on the outlawed political parties, revoke the illegal and unilateral actions of 5 August 2019 and the subsequent steps aimed at demographic change and political engineering.

He briefed the Contact Group on India’s ongoing efforts to transform Kashmiris into a disempowered community in their own land.

He apprised the meeting that India was systematically denying the Kashmiri people their fundamental rights and freedoms.

He added that the Indian authorities had created an environment of fear and intimidation in the IIOJK to crush dissent.

The participating delegations from different member states emphasized the importance of the Jammu and Kashmir dispute on the OIC’s agenda, and expressed support for the legitimate struggle of the Kashmiri people for realization of their inalienable right to self-determination in accordance with the relevant UN Security Council resolutions.

They called for an early and peaceful resolution of the Jammu and Kashmir dispute.

Speeding van-trailer collision in Hyderabad claims 3 lives

By
AHMD Raja
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0
ISLAMABAD, May 6 (APP):At least three persons were killed while other several wounded when an over speeding van collided with a trailer coming from opposite side in Hyderabad on wee hours of Monday.
According to details, rescue sources said that the accident occurred at the Motorway M9 in the jurisdiction of Bola Khan Police Station in Hyderabad where a van collided with a trailer due to over-speeding, in a result three persons lost their lives on the spot and critically injuring several others, private news channel reported.
Rescue teams reached the spot after being informed and shifted the dead and injured to LMU Hospital Jamshoro.

Exchange rates for currency notes

By
NNPS Desk
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0

KARACHI, May 06 (APP): CURRENCY SELLING BUYING
USD 280.98274.92
GBP 352.58 344.93
EUR 302.48 296.50
JPY 1.82571.7863
SAR 74.92 73.30
AED 76.50 75.36

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.43732
LIBOR 3M 5.59754
LIBOR 6M 5.75672

US DOLLAR Indicative FBP Rates

CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M

USD275.19272.74267.65263.59259.10254.62250.70

EUR 296.40293.98288.86284.88280.44275.99272.15

GBP 345.30342.26335.92 330.89 325.35 319.80 314.96

APP/msq

NBP exchange rates

By
NNPS Desk
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0

KARACHI, May 06 (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 278.20 277.70
EURO EUR 300.04 299.51
JAPANESE YEN JPY 1.8077 1.8044
BRITISH POUND GBP 349.09 348.46
SWISS FRANC CHF 307.11 306.56
CANADIAN DOLLAR CAD 203.30 202.94
AUSTRALIAN DOLAR AUD 184.05 183.72
SWEDISH KRONA SEK 25.85 25.80
NORWEGIAN KRONE NOK 25.61 25.57
DANISH KRONE DKK 40.15 40.08
NEWZEALAND DOLLAR NZD 166.96 166.66
SINGAPORE DOLLAR SGD 205.80 205.43
HONGKONG DOLLAR HKD 35.74 35.67
KOREAN WON KRW 0.2047 0.2044
CHINESE YUAN CNY 38.92 38.85
MALAYSIAN RINGGIT MYR 58.70 58.60
THAI BAHT THB 7.57 7.56
U.A.E DIRHAM AED 76.27 76.13
SAUDI RIYAL SAR 74.18 74.04
QATAR RIYAL QAR 76.32 76.19
KUWAITI DINAR KWD 905.57 903.94

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.1097
GBP 349.1946
EUR 298.6898
JPY 1.8142

SETTLEMENT DATE: 08-05-2024

APP/msq

Foreign exchange rates

By
NNPS Desk
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0

KARACHI, May 06 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday.

CONVERSION RATES FOR May 06, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE May 08, 2024

USD 278.1097
GBP 349.1946
EUR 298.6898
JPY 1.8142

DPM Ishaq Dar interacts with Pakistani community in Gambia

By
NNPS Desk
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0

BANJUL (GAMBIA), May 06 (APP): Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar held an interaction with the Pakistani community based in The Gambia, during his visit to the country for the 15th OIC Summit.

Deputy prime minister and foreign minister apprised the Pakistani community about the activities of the Pakistan delegation led by him at the 15th OIC Summit, said a press release on Monday.

Ishaq Dar highlighted his meetings and activities during the summit to highlight the issues of Kashmir and Islamophobia.

Pakistani community members expressed their appreciation for the deputy prime minister and foreign minister to allow them the opportunity for an interaction.

They highlighted some of their concerns and requested Deputy PM for his consideration. They also presented proposals to strengthen the bilateral relations between Pakistan and Gambia.

Honorary Consul General of Pakistan to The Gambia Keba Krubaly, Foreign Secretary of Pakistan Ambassador Syrus Qazi and Ambassador of Pakistan to Senegal accredited to The Gambia Saima Sayed were also present.

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