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Former Finance Minister Sartaj Aziz passes away

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ISLAMABAD, Jan 02 (APP):A veteran politician, renowned economist, former Finance Minister and a PML(N) leader Sartaj Aziz passed away on Tuesday. He was 94.

Ahsan Iqbal, former Minister for Planning and Development confirmed the death of Sartaj Aziz through a Social Media post on X (formerly Twitter).

“Mr Sartaj Aziz has passed away. He was a veteran of Pakistan movement & great asset for the nation. He will be missed very much. His services for the nation will always be remembered. I had honour of working with him very closely and will never forget his affection and guidance. May Allah Bless his soul and Grant patience to the family Ameen!” Ahsan Iqbal posted on X.

Sartaj Aziz, who got an economics degree from Punjab University and later studied public administration at Harvard Kennedy School, served in the federal government as a civil servant from 1952 to 1971.

Aziz also served in senior positions in the Food and Agriculture Organization and the International Fund for Agricultural Development from 1971 and 1984.

Later, Sartaj Aziz returned to Pakistan in 1984 and served as Minister of State for Agriculture and Food Security until 1988 during the government of Muhammad Khan Junejo.

He was elected to the Senate of Pakistan in 1988 and re-elected in 1993 from PML-N, and served in both Nawaz Sharif governments, first as the Minister of Finance from August 1990 to June 1993 and Minister of Foreign Affairs from August 1998 to October 1999.

Sartaj Aziz, who also participated in the Pakistan Movement, was decorated with Tamgha-e-Pakistan and Sitara-e-Khidmat awards in 1959 and 1967, respectively.

Currency rates of NBP

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KARACHI, Jan 03 (APP): Following are the selling/buying
rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday.

CURRENCY SELLING BUYING
USD 285.17 279.03
GBP 360.49 352.66
EUR 312.64 306.38
JPY 2.0096 1.9663
SAR 76.04 74.40
AED 77.66 76.48

 

EXCHANGE RATES FOR CURRENCY NOTES

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Currency rates

KARACHI, Jan 03 (APP): CURRENCY SELLING BUYING
USD 285.17279.03
GBP 360.49 352.66
EUR 312.64 306.38
JPY 2.0096 1.9663
SAR 76.04 74.40
AED 77.66 76.48

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.46920
LIBOR 3M 5.59301
LIBOR 6M 5.58598

US DOLLAR Indicative FBP Rates

CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M

USD280.46279.13276.23273.34269.94266.72263.93

EUR 307.55306.30303.47300.69297.34294.13291.44

GBP 354.49352.85349.23345.63341.35 337.28333.76

APP/as/

NBP Exchange Rates

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NBP Exchange Rates

KARACHI, Jan 03 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday the following exchange rates.

URRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 282.35 281.85
EURO EUR 310.11 309.56
JAPANESE YEN JPY 1.9897 1.9862
BRITISH POUND GBP 356.92 356.29
SWISS FRANC CHF 332.49 331.90
CANADIAN DOLLAR CAD 211.89 211.51
AUSTRALIAN DOLAR AUD 191.00 190.67
SWEDISH KRONA SEK 27.85 27.80
NORWEGIAN KRONE NOK 27.32 27.27
DANISH KRONE DKK 41.51 41.43
NEWZEALAND DOLLAR NZD 177.00 176.69
SINGAPORE DOLLAR SGD 212.93 212.56
HONGKONG DOLLAR HKD 36.27 36.21
KOREAN WON KRW 0.2158 0.2154
CHINESE YUAN CNY 39.67 39.60
MALAYSIAN RINGGIT MYR 60.97 60.86
THAI BAHT THB 8.25 08.24
U.E.A DIRHAM AED 77.42 77.28
SAUDI RIYAL SAR 75.29 75.16
QATAR RIYAL QAR 77.58 77.44
KUWAITI DINAR KWD 918.24 916.62

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 281.7694
GBP 359.0869
EUR 310.6226
JPY 1.9912

SETTLEMENT DATE: 05-01-2024

APP/as/

Passenger bus rams into van due to dense fog in DG Khan

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ISLAMABAD, Jan 3 (APP):An overspeeding passenger bus collided with a van near Dera Ghazi Khan due to dense fog on the road in which several passengers were injured early Wednesday morning.
  Rescue 1122 sources said that a bus full of passengers sped straight into a van coming from the opposite direction, a private news channel reported.
 Rescue teams reached the spot and shifted the injured to the hospital.   According to rescue sources, the incident took place due to poor visibility on the road.

Three shops gutted as fire engulfs in Aabpara Market

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ISLAMABAD, Jan 3 (APP): A huge fire broke out here on Wednesday in Aabpara Market Islamabad and engulfed several garment shops, however no casualties were reported.

Rescue spokesman said that the fire completely burnt three shops while materials in the adjacent shop were
damaged.

Fire brigade officials informed that smoke could be seen rising from Aabpara Market where fire spread quickly, and the police were informed of the incident by the area’s residents, a private news channel reported.

The fire brigade was informed about the blaze around 9 o’clock and fire tenders are actively participating in the
operation.

Foreign exchange rates

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Exchange rates

KARACHI, Jan 03 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Wednesday.

CONVERSION RATES FOR JANUARY 03, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE JANUARY 05, 2024

USD 281.7694
GBP 359.0869
EUR 310.6226
JPY 1.9912

Islamabad police urge protestors to cooperate for their own safety

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Islamabad police

ISLAMABAD, Jan 02 (APP): In response to ongoing protests in the capital, Islamabad Capital Police have emphasized the citizens’ right to lawful protest while urging demonstrators to collaborate for enhanced security measures.

In a statement on Tuesday, the police spokesperson highlighted the importance of abiding by legal constraints while exercising the right to protest. The authorities acknowledged the right of citizens to voice concerns within the boundaries of the law.

However, concerns were raised regarding the lack of cooperation from demonstrators outside the press club, who have reportedly refrained from cooperating with the police. The authorities emphasized the need for collaboration to ensure their security.

Protesters have been specifically urged to refrain from entering high-security zones, with authorities expressing their opposition to such actions and warning against violating the law. Threats issued in this regard were also condemned.

The police spokesperson further addressed concerns about the spread of propaganda regarding violence against protesters. The spokesperson stated that no acts of violence or torture had been committed against the demonstrators.
In this regard, the police spokesperson has repeatedly expressed their stance.

Everyone is hungry in Gaza now, UN says amid relentless Israeli bombing

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UN

UNITED NATIIONS, Jan 02 (APP): The UN Relief Agency for Palestinians, UNRWA, and the UN World Food Programme, WFP, have warned about the threat of starvation and disease in heavily built-up areas, where tens of thousands of people have fled intense Israeli bombing campaigns in the enclave’s north and centre.

“Everyone in Gaza is hungry! Skipping meals is the norm, and each day is a desperate search for sustenance,” WFP said in a post on X (formerly Twitter) on Tuesday. “People often go the entire day and night without eating. Adults go hungry so children can eat.”

According to reports, the Israeli military continued to bombard Gaza’s southern towns of Deir al Balah, Khan Younis and Rafah. There were also direct clashes on the ground, as the Palestinian fighters counterattacked with rockets into Israel.

Well, over a million people are now seeking safety in the already overcrowded southern city of Rafah, according to UNRWA, with hundreds of thousands sleeping in the open with inadequate clothing or materials to keep out the cold.

Undernourished children are at particular risk, while “half of Gaza’s population is starving” UN humanitarian officials have warned, in line with the latest food insecurity assessments. Echoing those concerns, the UN health agency WHO warned of an “imminent risk” of communicable disease outbreaks.

Since mid-October, there have been 179,000 cases of acute respiratory infection, 136,400 cases of diarrhoea among under fives, 55,400 cases of scabies and lice and 4,600 cases of jaundice, it reported.

Since Oct 7 clashes in the Gaza Strip and Israeli strikes from the air, land, and sea have claimed the lives of more than 22,000 people, mainly women and children, according to local health officials.

Gaza’s health ministry also reportedly stated that more than 200 Palestinians have been killed since Monday alone, with 338 wounded.

An additional 7,000 people have also been reported missing or buried under rubble, the UN health agency WHO said in its latest emergency update.

The report also noted that 600 people have been killed in nearly 300 attacks on healthcare since 7 October that have damaged 26 hospitals and 38 ambulances.

Of the 1.93 million displaced in Gaza, some 52,000 pregnant women are giving birth to around 180 babies every day, according to the WHO update. It also detailed that 1,100 patients need kidney dialysis, 71,000 have diabetes and 225,000 need treatment for high blood pressure.

UN aid coordination agency OCHA also noted that the Gazan health authorities had managed to resume some hospital services in the north of Gaza. These included Al Ahli Arab Hospital, the Patients Friends Charity Hospital, Al Helou International Hospital, Al Awda Hospital and several other primary care centres.

“This occurred amidst great risks surrounding the movement and work of medical teams due to the continuous bombing of residential neighbourhoods and the vicinity of health facilities,” OCHA said.

“Furthermore, the Ministry of Health in Gaza, UNRWA and WHO are coordinating on a plan for the reactivation of health centres to meet the needs of displaced people in all places of displacement.”

In a related development, OCHA reported the first case of the demolition of Palestinian property in the West Bank in 2024, in al-Maniya in Bethlehem.

Some 300 Palestinians – including 79 children – have been killed across the occupied West Bank since 7 October, amid increasing attacks by Israeli Security Forces and Jewish settlers that have been confirmed and condemned by UN human rights chief Volker Turk.

Before the Hamas-led 7 October attacks, 200 Palestinians had already been killed in the West Bank last year – the highest number in 10 months since the UN began keeping records in 2005.

According to a report by the UN human rights office OHCHR encompassing 7 October to 20 November, the period saw a “sharp increase in airstrikes as well as in incursions by armoured personnel carriers and bulldozers sent to refugee camps and other densely populated areas in the West Bank, resulting in deaths, injuries and extensive damage to civilian objects and infrastructure”.

Last year, Israeli authorities oversaw the demolition of 1,119 structures – a record since data collection began in 2009 – uprooting 2,210 people, according to OCHA, in its first update of 2024.

“The threat of destruction of homes and sources of livelihood contributes to the generation of a coercive environment pressuring people to leave their areas of residence,” the aid wing said on its website.

“A seasoned politician and great national asset”: PM condoles passing of Sartaj Aziz

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Sartaj Aziz
ISLAMABAD, Jan 02 (APP):Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday expressed his grief over the passing of senior politician and former federal minister Sartaj Aziz, lauding him as a “seasoned politician” and a “great national asset.”
Conveying his condolence to the grieving family, the prime minister prayed to Allah Almighty for the elevation of late Sartaj Aziz’s status in paradise.
He said that besides being a learned and seasoned politician, Sartaj Aziz was also an active member of the Pakistan Movement, solidifying his stature as a valuable national asset.
The services of late Sartaj Aziz for Pakistan will always be remembered, the prime minister remarked.