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IRSA releases 70,200 cusecs water

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ISLAMABAD, Feb 06 (APP): The Indus River System Authority (IRSA) on Monday released 70,200 cusecs of water from various rim stations with an inflow of 47,800 cusecs.

According to the data released by IRSA, the water level in River Indus at Tarbela Dam was 1489.26 feet, 91.26 feet higher than its dead level of 1,398 feet. Water inflow in the dam was recorded as 17,400 cusecs while the outflow as 35,000 cusecs.

The water level in River Jhelum at Mangla Dam was 1129.90 feet, which was 79.90 feet higher than its dead level of 1,050 feet. The inflow and outflow of water were recorded as 10,200 cusecs and 15,000 cusecs respectively.

The release of water at Kalabagh, Taunsa , Guddu and Sukkur was recorded at 26,200, 38,200, 34,300 and 9,900 cusecs respectively. Similarly, from River Kabul, a total of 10,600 cusecs of water was released at Nowshera and zero cusecs were released from River Chenab at Marala.

President, PM extend condolences to Turkiye, Syria over life loss from earthquake

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ISLAMABAD, Feb 6 (APP): President Dr Arif Alvi and Prime Minister Shehbaz Sharif on Monday extended condolences to Turkiye and Syria over the loss of lives from a massive earthquake.

In their separate messages, both expressed grief and conveyed sympathies to the governments and people of the quake-hit Turkiye and Syria.

President Alvi said, “In this hour of grief, I and the Pakistani nation stand in solidarity with the people of Turkiye and Syria.”

He prayed for the departed souls to rest in peace and for the grant of patience to the bereaved families.

Prime Minister Sharif said he was deeply saddened by the news of a massive earthquake that struck the southeastern region of Turkiye and Syria.

He extended his profound condolences and sincere sympathies to the leadership and people of the two countries on the human and material loss.

The Foreign Office in a statement expressed grief over the loss caused by a severe earthquake that hit parts of Southern Turkiye and Syria, resulting in the loss of lives and extensive damage to property.

“Pakistan stands ready to extend all possible support in the relief effort. We are confident that the resilient Turkish nation will overcome this natural calamity with characteristic grit and determination,” it said.

Sanjrani expresses deep regrets over Türkiye, Syria quake

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ISLAMABAD, Feb 06 (APP): Senate Chairman Muhammad Sadiq Sanjrani on Monday deeply regretted the losses of life and leveling of buildings as a result of a powerful earthquake that rocked Türkiye and Syria last night.

In a statement, he expressed his condolences and underlined the commitment “to do everything possible” to help the Turkish and Syrian brothers in this hour of trouble.

He prayed for the elevation of ranks of the quake victims and speedy recovery of the injured.

The brave people of Türkiye and Syria will face this tragedy with their traditional determination and endurance.

Türkiye has always supported Pakistan in every difficulty, he said adding that the prayers of the Pakistani nation are with the brave Turkish and Syrian people and government.

Senate Deputy Chairman, Mirza Muhammad Afridi, Leader of the House Ishaq Dar, and leader of the opposition in the Senate Dr. Shahzad Waseem also expressed their solidarity with the people of Türkiye and Syria after a devastating earthquake caused losses of life and property.

Exchange rates for currency notes

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KARACHI, Feb 06 (APP): CURRENCY SELLING BUYING
USD 279.82 273.84
GBP 337.31 330.01
EUR 301.95 295.98
JPY 2.1225 2.0767
SAR 74.59 72.93
AED 76.20 75.03

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 4.57500
LIBOR 3M 4.79629
LIBOR 6M 5.08786

US DOLLAR Indicative FBP Rates

CURRENCY SIGHT/
15 DAYS 1M 2M 3M 4M 5M 6M

USD 274.87 273.24 269.53 266.35 263.26 260.26 257.72

EUR 296.85 295.34 291.93 288.91 286.01 283.23 280.89

GBP 331.40 329.52 325.29 321.62 318.13 314.76 311.91

NBP Exchange Rates

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KARACHI, Feb 06 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates.

CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 277.05 276.55
EURO EUR 299.51 298.97
JAPANESE YEN JPY 2.1015 2.0977
BRITISH POUND GBP 333.97 333.37
SWISS FRANC CHF 299.30 298.76
CANADIAN DOLLAR CAD 206.68 206.30
AUSTRALIAN DOLAR AUD 191.95 191.61
SWEDISH KRONA SEK 26.40 26.35
NORWEGIAN KRONE NOK 27.11 27.06
DANISH KRONE DKK 40.16 40.09
NEWZEALAND DOLLAR NZD 175.27 174.96
SINGAPORE DOLLAR SGD 209.28 208.90
HONGKONG DOLLAR HKD 35.44 35.37
KOREAN WON KRW 0.2221 0.2217
CHINESE YUAN CNY 41.01 40.94
MALAYSIAN RINGGIT MYR 65.10 64.99
THAI BAHT THB 08.27 08.26
U.A.E DIRHAM AED 75.96 75.83
SAUDI RIYAL SAR 73.86 73.72
QATAR RIYAL QAR 76.11 75.98
KUWAITI DINAR KWD 909.70 908.06

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 275.924
GBP 336.5169
EUR 300.5364
JPY 2.1441

SETTLEMENT DATE: 08-02 2023

Guterres ‘saddened’ by Musharraf’s death: UN spokesperson

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UNITED NATIONS, Feb 06 (APP): United Nations Secretary-General Antonio Guterres has expressed his sorrow at the death of former President Pervez Musharraf, saying that Pakistan had experienced “steady” economic growth under his leadership.

A statement issued by his spokesperson, Stephane Dujarric, in New York on Sunday night said that the UN chief was “saddened” to learn of the passing of President Musharraf, and that he conveys his “deepest condolences” to the former Pakistani leader’s family and the people of Pakistan.

“Former president Musharraf led Pakistan at a critical time, during which the country witnessed steady economic growth,” the statement added.

President Musharraf passed away in Dubai on Sunday after a prolonged illness.

American media highlights Musharraf’s role in US war on terror and opposition at home

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NEW YORK, Feb 06 (APP):American print and electronic media paid tributes to former Pakistan President Pervez Musharraf, who passed away in Dubai Sunday, as a U.S. ally in the campaign against al-Qaeda, but noted that he faced “growing resistance at home in a land seething with anti-Western passions.”

As the news of his death came on a weekend, there is so far no statement from the State Department, but newspapers and television channels headlined the story, and highlighted his role in combating terrorism.

“From the moment he took power in a bloodless coup in late 1999 to his resignation and self-exile under threat of impeachment in 2008, Mr. Musharraf offered the world the swashbuckling image of a former army commando and ally of the United States who guaranteed a measure of regional stability in the upheaval after 9/11 and the subsequent United States attack on Afghanistan,” The New York Times said in a detailed font page story.

The Washington Post, another leading newspaper, wrote, “The terrorist attacks of Sept. 11, 2001, and the U.S.-led invasion of Afghanistan forced Gen. Musharraf to choose between Pakistan’s alliance with the Afghan Taliban and Washington’s demand for cooperation in the war on terrorism. His decision to side with the West was unpopular at home and helped fuel violent Islamist groups that have terrorized Pakistan ever since.”

The same point was emphasized by The New York Times, which said, “Washington’s demands for firm action against Islamist militancy collided with competing pressures from Pakistani Muslims who were resentful of Mr. Musharraf’s close ties to Washington.”

“Indeed, Mr. Musharraf’s efforts to maintain a measure of democracy while ruling as an authoritarian, and to promote secularism in a country where religious radicals wielded broad influence, brought him few friends and a growing roster of enemies,” the Times said.

“By the time he suspended the Pakistani Constitution and imposed emergency rule in late 2007, the patience of President George W. Bush, who had once called him a ‘courageous leader and friend of the United States,’ was wearing thin,” Times’ Correspondents Alan Cowell and Stephen Kinzer wrote in a joint dispatch.

“Yet even in exile, Mr. Musharraf continued to see himself as a potential savior,” the report said.

‘In 2001, as Americans prepared to attack Afghanistan, Mr. Musharraf tried to broker a peaceful settlement. When his efforts failed, he threw in his lot with the United States and backed the American campaign that forced the Taliban from power…

“Mr. Musharraf also set out to find a peaceful solution to the Kashmir dispute. He met several times with Indian leaders and agreed with them on measures to reduce tensions. In 2004, before a thrilled television audience of several hundred million, the two countries played their first cricket match in 15 years.”

The Washington Post pointed out that his coup was condemned abroad but welcomed in Pakistan, noting, “Gen. Musharraf, who was 56 at the time, cut a figure that was difficult to define.

A career army officer, he held numerous commands and served in the highly trained Special Services Group. He detested the elitism of civilian politics, which he called ‘sham democracy.’ But he was also a well-educated diplomat’s son, a moderate Muslim and an admirer of Mustafa Kemal Ataturk, the army officer who founded modern Turkey.

“Once in charge, Gen. Musharraf laid out a sweeping agenda of reform. He pledged to depoliticize state institutions, make government accountable, tackled social ills, revived the economy and curbed the exploitation of religion by Islamic fundamentalists….

“Gen. Musharraf made progress in turning around Pakistan’s debt-ridden economy. But many of his goals faced strong social, religious or bureaucratic resistance or were sacrificed for political expedience. He backed off on plans to modernize seminaries, criminalize ‘honor killings’ and modify laws that punished victims of rape.”