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NBP Exchange Rates

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NBP

KARACHI, Nov 30 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates.

CURRENCY SYMBOL TT Selling TT Buying


U.S DOLLAR USD 224.40 223.90
EURO EUR 232.70 232.18
JAPANESE YEN JPY 1.6176 1.6140


BRITISH POUND GBP 268.88 268.28
SWISS FRANC CHF 235.51 234.98
CANADIAN DOLLAR CAD 165.70 165.03


AUSTRALIAN DOLAR AUD 150.27 149.94
SWEDISH KRONA SEK 21.34 21.30
NORWEGIAN KRONE NOK 22.47 22.42


DANISH KRONE DKK 31.23 31.16
NEWZEALAND DOLLAR NZD 139.52 139.21
SINGAPORE DOLLAR SGD 163.54 163.17


HONGKONG DOLLAR HKD 28.85 28.79
KOREAN WON KRW 0.1703 0.1700
CHINESE YUAN CNY 31.58 31.51


MALAYSIAN RINGGIT MYR 50.17 50.06
THAI BAHT THB 06.35 06.33
U.E.A DIRHAM AED 61.53 61.39


SAUDI RIYAL SAR 59.79 59.65
QATAR RIYAL QAR 61.65 61.51
KUWAITI DINAR KWD 730.30 728.68

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 223.9087
GBP 269.4517


EUR 232.2829
JPY 1.6192

DECEMBER DATE: 02-12 2022

Foreign exchange rates

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KARACHI, Nov 30 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Wednesday.

CONVERSION RATES FOR November 29, 2022 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE DECEMBER 02, 2022

USD 223.9087 GBP 269.4517 EUR 232.2829 JPY 1.6192

Ports, shipping need to go green to resist future global crises: UNCTAD

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Ports, shipping need to go green to resist future global crises: UNCTAD

UNITED NATIONS, Nov 30 (APP):The entire shipping industry must invest urgently in sustainability if it is to withstand future shocks and help prevent another global cost-of-living crisis linked to supply chain disruption, the UN trade and development agency said Tuesday.

“Ships carry over 80 per cent of the goods traded globally, with the percentage even higher for most developing countries; hence the urgent need to boost resilience to shocks that disrupt supply chains, fuel inflation and affect the poorest the most,” the UN Conference on Trade and Development (UNCTAD) said in a new report on maritime transport.

Between 2020 and 2021, UNCTAD also noted that carbon emissions from the world’s maritime fleet increased by almost five per cent. At the same time, data indicated that the average age of the ships in service has increased, to almost 22 years.

Replacing these ageing vessels is key to ensuring the maritime industry’s transition to a low-carbon future, said UNCTAD Secretary-General Rebeca Grynspan, who also called for “predictable global rules” to support the industry, ports and shipowners.

“In terms of green and climate regulation we must move from the many and messy rules we have now, to one system
that is good for all,” she told journalists in Geneva. “This is critical given the highly uncertain environment, with conflict risks…and unknown price of carbon in the future.”

UNCTAD warned that “surging borrowing costs” will likely hamper the replacement of old ships, while also calling for increased support for developing countries in making the switch to low or zero-carbon fuels.

“Ports, shipping fleets and hinterland connections need to be better prepared for future global crises, climate change and the transition to low-carbon energy,” UNCTAD said.

Investing in shipping logistics would prevent the kind of inflationary pressures that continue to hold back the industry, the UN agency continued.

In 2021, at the height of the COVID-19 crisis, a shortage of containers combined with surging demand for consumer goods and e-commerce “pushed container spot. Prices for containers reached record highs in early 2022 which translated into sharply higher consumer prices, the UNCTAD report continued.

Although these rates have dropped since the middle of this year, “they remain high for oil and natural gas tanker cargo due to the ongoing energy crisis” linked to Russia’s invasion of Ukraine.

According to UNCTAD’s Review of Maritime Transport 2022, freight costs for dry goods such as grain have also increased this year because of the war in Ukraine, COVID-19 and supply chain disruptions. The result is likely to be a 1.2 per cent increase in consumer food prices, which will hit low and middle-income countries worst.

“If there is one thing we have learned from the crisis of the last two years it is that ports and shipping greatly matter for a well-functioning global economy,” said Shamika Sirimanne, Director of UNCTAD’s technology and logistics division. “Higher freight rates have led to surging consumer prices, especially for the most vulnerable. Interrupted supply chains led to lay-offs and food insecurity.”

Pakistan-EU political dialogue in Brussels covers broad-based areas

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ISLAMABAD, Nov 30 (APP): The 8th round of Pakistan-European Union Political Dialogue was held in Brussels covering a broad range of bilateral subjects as well as regional and global developments.

Acting Foreign Secretary Jauhar Saleem and Enrique Mora, Deputy Secretary General of European External Action Service (EEAS) led their respective sides on Tuesday. Both sides noted the special significance of this round of Political Dialogue, marking the 60th anniversary of Pakistan-EU relations.

Both sides underlined the importance they attached to their multifaceted partnership.  

Expressing satisfaction on the positive trajectory of the relations, they agreed to continue working together to further deepen and broaden bilateral cooperation.

Acting Foreign Secretary appreciated the timely and invaluable humanitarian assistance and support provided by the European Union for the victims of the massive climate induced floods in Pakistan. 

He underscored that as a key trade and development partner, EU’s continued support would be pivotal in helping Pakistan effectively carry out rehabilitation and reconstruction efforts, and to build back the damaged infrastructure in a climate resilient manner.

The two sides acknowledged that EU’s GSP Plus scheme has been a successful template of trade for development and mutually beneficial trade cooperation. 

Sharing Pakistan’s position on the proposal for the new GSP Plus scheme, the Acting Foreign Secretary expressed the hope that mutual objectives, including sustainable development, poverty alleviation and employment generation will be appropriately prioritized in the new Scheme. 

He also conveyed Pakistan’s keenness to diversify the scope of trade, investment and development cooperation between Pakistan and the EU. 

Both sides agreed to explore opportunities of cooperation under EU’s flagship programmes like Global Gateway and Horizon Europe.

The two sides also welcomed the recent launch of a comprehensive dialogue on migration and mobility. 

The dialogue will provide an institutionalised platform for legal pathways for migration to Europe, seek talent partnerships, and enable effective implementation of the Pakistan – EU readmission agreement.

The Acting Foreign Secretary apprised the Deputy Secretary General of the dire human rights situation in Indian Illegally Occupied Jammu and Kashmir (IIOJK). He called upon the international community to use its influence to urge India to honour its commitment to the UNSC Resolutions. 

He also highlighted that Indian illegal and unilateral actions of August 5, 2019 were aimed at undermining the internationally recognized disputes, and altering the demographic structure of the IIOJK were a blatant violation of the UNSC resolutions, 4th Geneva Convention and international law. 

The Acting Foreign Secretary reiterated Pakistan’s principled stance for universal and consistent application of UN Charter Principles – including non-use or threat of use of force, respect for sovereignty and territorial integrity of states, pacific settlement of disputes, and equal security for all states in order to ensure lasting peace and security. 

He added that Pakistan continued to call for immediate cessation of hostilities and stressed the need for diplomacy and dialogue for an early, negotiated end to the Ukraine conflict.

Taking note of the multiple, complex challenges confronting Afghanistan, the Acting Foreign Secretary reiterated the importance of sustained engagement of the international community with the Interim Afghan Government in order to ensure wellbeing of the Afghan people.

Both sides agreed to hold the next round of the Political Dialogue in Islamabad in 2023.

  

Chief Guest Jameel Ahmed Soomro Political Secretary to PPP Chairman inauguration the Inter University Sports Gala 2022 at Bilawal Bhutto Zardari Cricket Stadium at Chandika Medical College

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Chief Guest Jameel Ahmed Soomro Political Secretary to PPP Chairman inauguration the Inter University Sports Gala 2022 at Bilawal Bhutto Zardari Cricket Stadium at Chandika Medical College
APP50-291122 LARKANA: November 29 - Chief Guest Jameel Ahmed Soomro Political Secretary to PPP Chairman inauguration the Inter University Sports Gala 2022 at Bilawal Bhutto Zardari Cricket Stadium at Chandika Medical College. APP/NAS/TZD/FHA
Chief Guest Jameel Ahmed Soomro Political Secretary to PPP Chairman inauguration the Inter University Sports Gala 2022 at Bilawal Bhutto Zardari Cricket Stadium at Chandika Medical College
APP50-291122 LARKANA

Federal Minister for Climate Change and PPP leader Sherry Rehman talking to media persons at Nishtar Park during her visit to review arrangements for public gathering on PPP’s 55th Foundation Day to be celebrated on November 30

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Federal Minister for Climate Change and PPP leader Sherry Rehman talking to media persons at Nishtar Park during her visit to review arrangements for public gathering on PPP's 55th Foundation Day to be celebrated on November 30
APP53-291122 KARACHI: November 29 - Federal Minister for Climate Change and PPP leader Sherry Rehman talking to media persons at Nishtar Park during her visit to review arrangements for public gathering on PPP's 55th Foundation Day to be celebrated on November 30. APP/SDQ/TZD/FHA
Federal Minister for Climate Change and PPP leader Sherry Rehman talking to media persons at Nishtar Park during her visit to review arrangements for public gathering on PPP's 55th Foundation Day to be celebrated on November 30
APP53-291122 KARACHI

Five billion people to suffer from water scarcity worldwide by 2050; UN report

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Five billion people to suffer from water scarcity worldwide by 2050; UN report

UNITED NATIONS, Nov 29 (APP): Most of the globe was drier than normal in 2021, with “cascading effects on economies, ecosystems and our daily lives”, the UN World Meteorological Organization (WMO) said Tuesday, pointing out that Pakistan was among the regions where terrestrial water shortage (TWS) was “much below and below” level.

According to the Geneva-based agency’s first report on global water resources, 3.6 billion people have inadequate access to water at least one month per year and that this is expected to increase to more than five billion by 2050.

“The impacts of climate change are often felt through water – more intense and frequent droughts, more extreme flooding, more erratic seasonal rainfall and accelerated melting of glaciers – with cascading effects on economies, ecosystems and all aspects of our daily lives”, said WMO Secretary-General Prof. Petteri Taalas.

“And yet, there is insufficient understanding of changes in the distribution, quantity, and quality of freshwater resources”.

The State of Global Water Resources report “aims to fill that knowledge gap and provide a concise overview of water availability in different parts of the world”, WMO chief added.

“This will inform climate adaptation and mitigation investments as well as the United Nations campaign to provide universal access in the next five years to early warnings of hazards such as floods and droughts”.

The report said that areas that were unusually dry included South America’s Rio de la Plata area, where a persistent drought has affected the region since 2019.

In Africa, major rivers such as the Niger, Volta, Nile and Congo had below-average water flow in 2021. The same trend was observed in rivers in parts of Russia, West Siberia and in Central Asia.

On the other hand, there were above-normal river volumes in some North American basins, the North Amazon and South Africa, as well as in China’s Amur river basin, and northern India.

In Africa, rivers such as the Niger, Volta, Nile and Congo had below-normal discharge in 2021, along with parts of Russia, West Siberia and in Central Asia.

Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related.

The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has been referenced in a COP outcome document in recognition of its critical importance, noted WMO.

The first edition of the report looks at streamflow – the volume of water flowing through a river channel at any given time – and also assesses terrestrial water storage – in other words, all water on the land surface and sub-surface and the cryosphere (frozen water).

The report highlights a basic problem: a lack of accessible verified hydrological data.

WMO’s Unified Data Policy seeks to accelerate the availability and sharing of hydrological data, including river discharge and transboundary river basins information.

Aside from river flow variations, overall terrestrial water storage was classified as below normal, besides Pakistan, on the west coast of the United States, in central South America and Patagonia, North Africa and Madagascar, Central Asia and the Middle East and North India.

It was above normal in Central Africa, northern South America – specifically the Amazon Basin – and northern China.

“Overall the negative trends are stronger than the positive ones”, warned WMO, with several hotspots emerging including Patagonia, the Ganges and Indus headwaters, as well as the southwestern US.

The cryosphere – namely glaciers, snow cover, ice caps and, where present, permafrost – is the world’s biggest natural reservoir of freshwater.
“Changes to cryosphere water resources affect food security, human health, ecosystem integrity and maintenance, and lead to significant impacts on economic and social development”, said WMO, sometimes causing river flooding and flash floods due to glacier lake outbursts.

With rising temperatures, the annual glacier run-off typically increases at first, until a turning point, often called ”peak water”, is reached, upon which run-off declines.

The long-term projections of glacier run-off and the timing of peak water, are key inputs to long-term adaptation decisions, WMO added.

Imran Khan is a threat to national unity: Rana Sana

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Rana urges judiciary to constitute full-court bench to hear plea of political parties in elections case

ISLAMABAD, Nov 29 (APP):Federal Minister for Interior Rana Sanaullah Khan on Tuesday said Imran Khan will not be allowed to succeed in his nefarious designs and termed him a threat to national unity.

Talking to a private news channel the minister said that coalition parties would use all the available options to stop dissolution of the Punjab and KP assemblies.

The Minister added that Imran Khan had failed in all his moves so far and he would also fail to get the provincial assemblies dissolved.

Rana Sanaullah said that Chairman PTI was following the agenda of anti-state people, adding Imran Khan was trying to sabotage the peaceful environment of the country for personal interest.

The minister said that people would decide about the future in next elections. He hoped that the masses would vote for his party to win the next polls with a thumping majority.

He said Pakistan Tehreek-e-Insaf’s (PTI), previous regime had made serious damage to many sectors including the national economy.

Ambassador of the Kingdom of Saudi Arabia to Pakistan, Nawaf Bin Said Al-Malki calling on Chairman Senate, Muhammad Sadiq Sanjrani at Parliament House

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Ambassador of the Kingdom of Saudi Arabia to Pakistan, Nawaf Bin Said Al-Malki calling on Chairman Senate, Muhammad Sadiq Sanjrani at Parliament House
APP49-291122 ISLAMABAD: November 29 - Ambassador of the Kingdom of Saudi Arabia to Pakistan, Nawaf Bin Said Al-Malki calling on Chairman Senate, Muhammad Sadiq Sanjrani at Parliament House. APP/TZD/FHA
Ambassador of the Kingdom of Saudi Arabia to Pakistan, Nawaf Bin Said Al-Malki calling on Chairman Senate, Muhammad Sadiq Sanjrani at Parliament House
APP49-291122 ISLAMABAD

Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC)

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Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC)
APP48-291122 ISLAMABAD: November 29 - Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC). APP/IQJ/TZD/FHA
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC)
APP48-291122 ISLAMABAD