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Foreign exchange rates

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Foreign

KARACHI, Jan 16 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Tuesday.

CONVERSION RATES FOR JANUARY 16, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE JANUARY 18, 2024

USD 280.0048
GBP 356.8661
EUR 306.7732
JPY 1.9260

APP/mzr/

UN calls for ‘faster, safer’ aid access to Gaza, amid famine & disease fears

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UNITED NATIONS, Jan 15 (APP): Ravaged by relentless Israeli attacks, Gaza urgently needs more aid or its desperate population will suffer widespread famine and disease, the heads of three major U.N. agencies warned on Monday, as authorities in the enclave reported that the Palestinians’ death toll had surpassed 24,000.

“People in Gaza risk dying of hunger just miles from trucks filled with food,” said head of the UN World Food Programme (WFP) Cindy McCain, in an appeal also backed by the heads of the UN Children’s Fund (UNICEF) and the World Health Organization (WHO.)

At UN Headquarters in New York, UN Secretary-General Antonio Guterres added his voice to their urgent call, emphasizing the imperative of establishing “basic conditions” to facilitate safe and full-scale aid delivery to civilians in Gaza while stressing that only a ceasefire will prevent the crisis from escalating.

Speaking to reporters, the UN chief expressed deep concern about the “unprecedented” level of civilian casualties and the “catastrophic” humanitarian conditions in the enclave.

“There is one solution to help address all these issues. We need an immediate humanitarian ceasefire,” he stressed.

The UN and aid partners have been providing food to people inside Gaza every day since Israel implemented a near-total blockade on the enclave on October 7.

“Humanitarian aid alone cannot meet the essential needs of the Gaza people,” the UN appeal noted, as Ms. McCain insisted that urgent action was needed to boost aid deliveries, where the entire population of Gaza relies on aid to survive.

“Every hour lost puts countless lives at risk,” the WFP Executive Director said. “We can keep famine at bay but only if we can deliver sufficient supplies and have safe access to everyone in need, wherever they are.”

On Thursday, WFP’s first food convoy to northern Gaza since the humanitarian pause late last November delivered food supplies for around 8,000 people.

In a statement outlining their requirements, the three UN agencies said that immediate action was required to: Open new entry routes; allow more trucks through border checks each day; ensure fewer restrictions on the movement of humanitarian workers; guarantee the safety of people accessing and distributing aid.

Latest internationally recognized food insecurity assessments conducted in Gaza indicated that roughly 2.2 million people – were in crisis or worse levels of acute food insecurity.

“Virtually all Palestinians in Gaza are skipping meals every day while many adults go hungry so children can eat,” WHO said, as UNICEF issued dire projections about the expected result of damaged essential water, sanitation and health infrastructure and services to treat severe malnutrition and disease outbreaks.

Gaza’s 335,000 children under five years of age are “especially vulnerable”, UNICEF noted, before adding that in the next few weeks, child wasting, the most life-threatening form of malnutrition in children, could increase from pre-crisis conditions by nearly 30 per cent, affecting up to 10,000 children.

“Children at high risk of dying from malnutrition and disease desperately need medical treatment, clean water and sanitation services, but the conditions on the ground do not allow us to safely reach children and families in need,” said UNICEF Executive Director Catherine Russell. “Some of the material we desperately need to repair and increase water supply remain restricted from entering Gaza. The lives of children and their families are hanging in the balance. Every minute counts.”

In their appeal, the UN aid agencies stressed that they urgently needed Israeli authorization to use a working port close to the Gaza Strip and border crossing points into the north.

“Access to Ashdod port, roughly 40 km to the north, would enable significantly larger quantities of aid to be shipped in and then trucked directly to the badly affected northern regions of Gaza, which few convoys have managed to reach,” they said.

“The flow of aid has been a trickle in comparison to a sea of humanitarian needs,” said Phillipe Lazzarini, Commissioner General for the UN Agency for Palestinian Refugees (UNRWA).

“Humanitarian aid will not be enough to reverse the worsening hunger among the population. Commercial supplies are a must to allow the markets and private sector to re-open and provide an alternative to food accessibility.”

The agency heads also emphasized the urgent need to lift the barriers and restrictions on aid delivery to and within Gaza and for commercial traffic to resume. They reiterated the call for a humanitarian ceasefire to enable this vitally important roll-out of a massive, multi-agency humanitarian operation.

In its latest humanitarian update late on Sunday, the UN aid coordination office OCHA said civilians faced continuing Israeli bombardment across much of the enclave and fighting on the ground, amid renewed calls for the release of hostages.

OCHA also noted renewed rocket fire by Palestinian fighters into Israel, with 260 Palestinians reportedly killed and another 577 injured between 12 and 14 January.

The development came as new images released late Sunday showed three of the 250 hostages initially captured from southern Israeli communities.

In an undated video message, all three prisoners pleaded for their safe return.

Govt announce reduction of Rs 8 in petrol price

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ISLAMABAD, Jan 16 (APP): The government on Monday announced a reduction of Rs 8 in the price of petrol, now the price of petrol was fixed at Rs 259.34. Before, the price of petrol was Rs 267.34, which the government has reduced the price by Rs 8, which will be effective from January 16, 2024, said a press release issued by the Ministry of Finance here.

The price of the High-Speed Diesel has been maintained at Rs 276.21.

The government of Pakistan has decided to reduce the current Petrol price, whereas the price of High-Speed Diesel has been maintained during the fortnight starting from 16th January 2024, as recommended by the Oil and Gas Regulatory Authority (OGRA).

Chairman Pakistan People’s Party Bilawal Bhutto Zardari addressing a Press Conference at Gopang House Miro Khan

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Chairman Pakistan People’s Party Bilawal Bhutto Zardari addressing a Press Conference at Gopang House Miro Khan
APP43-150124 LARKANA: January 15 - Chairman Pakistan People’s Party Bilawal Bhutto Zardari addressing a Press Conference at Gopang House Miro Khan. APP/NAS/FHA
Chairman Pakistan People’s Party Bilawal Bhutto Zardari addressing a Press Conference at Gopang House Miro Khan
APP43-150124
LARKANA

Special Assistant to Prime Minister for Human Rights and Women Empowerment Mushaal Hussein Mullick in a Group Photo with the members of Kashmir Advisory Committee

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Special Assistant to Prime Minister for Human Rights and Women Empowerment Mushaal Hussein Mullick in a Group Photo with the members of Kashmir Advisory Committee
APP42-150124 ISLAMABAD: January 15 - Special Assistant to Prime Minister for Human Rights and Women Empowerment Mushaal Hussein Mullick in a Group Photo with the members of Kashmir Advisory Committee. APP/FHA
Special Assistant to Prime Minister for Human Rights and Women Empowerment Mushaal Hussein Mullick in a Group Photo with the members of Kashmir Advisory Committee
APP42-150124
ISLAMABAD

Special Assistant to Prime Minister for Human Rights and Women Empowerment, Mushaal Hussein Mullick addressing the second consultative meeting of Kashmir Advisory Committee

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Special Assistant to Prime Minister for Human Rights and Women Empowerment, Mushaal Hussein Mullick addressing the second consultative meeting of Kashmir Advisory Committee
APP40-150124 ISLAMABAD: January 15 - Special Assistant to Prime Minister for Human Rights and Women Empowerment, Mushaal Hussein Mullick addressing the second consultative meeting of Kashmir Advisory Committee. APP/FHA
Special Assistant to Prime Minister for Human Rights and Women Empowerment, Mushaal Hussein Mullick addressing the second consultative meeting of Kashmir Advisory Committee
APP40-150124
ISLAMABADSpecial Assistant to Prime Minister for Human Rights and Women Empowerment, Mushaal Hussein Mullick addressing the second consultative meeting of Kashmir Advisory Committee

APP41-150124
ISLAMABAD

Water level in Mangla Dam continues to rise as outflows remain low at 100 Cusecs

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Mangla dam
MIRPUR-AJK, Jan 15 (APP):The water level in Mangla Dam, the second largest reservoir in the country, continues to rise for the third day in a row as inflows of 3300 cusecs of water were recorded on Monday.
According to Official Sources, Mangla Dam is facing a dire situation as outflows remain at only 100 cusecs while inflows have decreased to 3300 cusecss.
The situation is a result of heavy snowfall in the Himalayas, leading to reduced inflows in the reservoir.
The water level in the dam has been steadily rising, reaching 1157.25 feet, leaving only 2.080 million acre feet (MAF) of water available.
This is the third consecutive day that outflows have been at this low rate, causing concerns about the water supply in the area.

Bosnian President with business delegation to visit Pakistan: Envoy

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ISLAMABAD, Jan 15 (APP): Ambassador of Bosnia and Herzegovina to Pakistan Emin Cohodarevic on Monday said the Bosnian president leading a business delegation would visit Pakistan during the current year to further strengthen bilateral trade and economic ties between the two countries.

The Bosnian president, he said, gave special importance to Pakistan, Turkiye, and Azerbaijan for close relations as the three countries always kept their doors open for Bosnia and Herzegovina.

He said was addressing the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI), according to an ICCI news release.

The ambassador said Bosnia and Herzegovina would organize Sarajevo Business Forum from May 21-23, 2024. The representatives of the Government of Pakistan would also be invited to the forum, he added.

He said that the ICCI should form a high-level business delegation to participate in the forum to exchange ideas, make connections, and realize business opportunities.

He said that Bosnia had signed a Free Trade Agreement with the European Free Trade Association and was also trying to get membership in the European Union, “therefore, close relations of Pakistan with Bosnia will provide it better market access to these countries”.

He said that Pakistanis having US, EU, or Shenzhen visas could visit Bosnia without applying for a visa.

He assured that he would work hard to improve bilateral trade and economic ties between Bosnia and Pakistan as both countries had good scope to cooperate in economic, cultural, science, education, and many other sectors.

Speaking on the occasion, ICCI President Ahsan Zafar Bakhtawari said that Pakistan and Bosnia were enjoying good bonds of friendship, which should be transformed into growing business relations.

He said that both countries had good potential to enhance cooperation in many fields, including agriculture, textiles, automotive parts, hydropower, mines and minerals, and urged that both should encourage regular exchange of business delegations to transform the potential into reality.

He assured that the ICCI would try to form a business delegation to participate in the Sarajevo Business Forum.

Islamabad Women Chamber of Commerce and Industry President Rizwana Asif stressed the need to promote connectivity between the women entrepreneurs of Pakistan and Bosnia for which they have great potential.

Amna Baloch meets Latvian envoy

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BRUSSELS, Jan 15 (APP):Ambassador to Belgium, Luxembourg and the European Union Amna Baloch called on the Permanent Representative of Latvia to the Political and Security Committee of the European Union ambassador Ivars Lasis here on Monday.

They discussed latest regional and international issues and agreed to enhance engagements in future.

Governor Punjab for taking legacy of traditional games forward

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Governor Punjab
LAHORE, Jan 15 (APP):A delegation of Traditional Sports and Games Punjab Association led by President Traditional Sports and Games Pakistan Association, Nawab Farqan Khan, and President Punjab Traditional Sports and Games Pakistan Association Malik Muhammad Shahbaz called on Governor Punjab Muhammad Balighur Rehman at Governor House, here on Monday.
Speaking on the occasion, Governor Punjab Muhammad Balighur Rehman said that  traditional games are the important feature of culture and the youth associated with these sports have brought laurels to the country and nation many times at the international level.
He said that it is very important to encourage people involved in sports at all levels.
The Governor Punjab said that it is a good thing that  wrestlers are also carrying forward the legacy of traditional games. He said that various traditional sports including Gulli Danda, Kabaddi and Wrestling are part of our culture. He said that it is a matter of great concern that the traditional sports including wrestling are dying out and there is need to take steps for the revival of traditional games. He said, “Our young generation should know about traditional sports.” He emphasized the need for the promotion of healthy activities like sports among the youth in educational institutions. He further said that sports develop various positive skills, including endurance, tolerance, patience, and discipline in the youth.
The delegation presented various suggestions to the Governor of Punjab for the promotion of traditional sports. The Governor assured them to send their suggestions to the concerned department.
Senior Vice President Khalid Rasheed, Tayyab Raza Awan wrestler, Head Coach Pakistan Mass Wrestling Federation Muhammad Rashid, Muhammad Ibrahim Baig, Bilal Awan wrestler, World Champion Muhammad Saad Rajput, Muhammad Saleem and other wrestlers were present on this occasion.