KARACHI, Jan 12 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday.
CONVERSION RATES FOR JANUARY 12, 2023 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)
SBP SETTLEMENT VALUE DATE JANUARY 17, 2023
USD 227.8525
GBP 277.0003
EUR 244.8047
JPY 1.7207
ISLAMABAD, Jan 12 (APP): The Gwadar port has started receiving government imports of bulk cargos as three consecutive vessels carrying 90,000 MT urea have already been arrived at the port and clocked the fastest discharge rate.
This represents the efforts of Ministry of Maritime Affairs, China Pakistan Economic Corridor (CPEC) Authority, Gwadar Port Authority (GPA), Trading Corporation of Pakistan (TCP) and Pakistan Customs, according to a press release issued here on Thursday.
These bulk cargos were discharged and after bagging at the port are transported from Gwadar to other destinations in Pakistan. Next month Gwadar Port will start handling of 450,000 MT of TCP wheat.
Trading Corporation of Pakistan (TCP) on behalf of government decided to handle import of urea and wheat through Gwadar Port. This movement will ease the huge congestion at other ports of Pakistan due to high traffic of vessels carrying bulk cargoes, which results in delaying the operation and transportation of shipments; thus, disturbing the entire supply chain mechanism.
Import of these government cargoes offers substantial benefits to locals and will generate various economic activities and employment opportunities for locals in terms of 100% shipping agencies services by locals, top priority for local transporters etc.
Gwadar Port being industrial nerve center of Gwadar Free Zone offers substantial economic benefits to importers in terms of highly efficient operations, advance cargo handling, vast storage areas for all types of cargo, extensive ancillary facilities, and faster turnaround time & delivery. Gwadar Port due to its unique geographical position makes it a fast-economical link between land-locked central Asian states and to the rest of the country.
Gwadar port and Freezone is all set to become the hub of international trade which will help the country in earning much needed foreign exchange in near future which also is in line with the vision of Prime Minster of Pakistan to promote regional economic integration. Sizable share to import of wheat and urea at Gwadar Port will play a vital role in the operationalization and also generating business opportunities both in Gwadar and along CPEC highways which is very essential for the uplift of Balochistan.
KARACHI, Jan 12 (APP): Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday.
CURRENCY SELLING BUYING
USD 230.68 225.62
GBP 280.59 274.41
EUR 248.47 243.40
JPY 1.7507 1.7122
SAR 61.50 60.00
AED 62.82 61.83
KARACHI, Jan 12 (APP): CURRENCY SELLING BUYING
USD 230.68 225.62
GBP 280.59 274.41
EUR 248.47 243.40
JPY 1.7507 1.7122
SAR 61.50 60.00
AED 62.82 61.83
LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 4.42986
LIBOR 3M 4.80586
LIBOR 6M 5.14186
US DOLLAR Indicative FBP Rates
CURRENCY SIGHT/
15 DAYS 1M 2M 3M 4M 5M 6M
USD 226.56 225.25 222.24 219.46 216.85 214.34 211.87
EUR 244.19 243.08 240.28 237.73 235.34 233.04 230.69
GBP 275.66 274.15 270.70 267.40 264.50 261.60 258.73
KARACHI, Jan 12 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following
exchange rates.
CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 228.40 227.90
EURO EUR 246.47 245.93
JAPANESE YEN JPY 1.7333 1.7296
BRITISH POUND GBP 277.81 277.20
SWISS FRANC CHF 245.22 244.68
CANADIAN DOLLAR CAD 170.09 169.72
AUSTRALIAN DOLAR AUD 157.85 157.51
SWEDISH KRONA SEK 21.94 21.89
NORWEGIAN KRONE NOK 22.86 22.81
DANISH KRONE DKK 33.06 32.99
NEWZEALAND DOLLAR NZD 145.48 145.16
SINGAPORE DOLLAR SGD 171.68 171.30
HONGKONG DOLLAR HKD 29.35 29.29
KOREAN WON KRW 0.1835 0.1831
CHINESE YUAN CNY 33.94 33.86
MALAYSIAN RINGGIT MYR 52.33 52.21
THAI BAHT THB 06.84 06.83
U.A.E DIRHAM AED 62.63 62.49
SAUDI RIYAL SAR 60.89 60.75
QATAR RIYAL QAR 62.76 62.62
KUWAITI DINAR KWD 748.09 746.46
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 227.8525
GBP 277.0003
EUR 244.8047
JPY 1.7207
SETTLEMENT DATE: 17-01 2023
ISLAMABAD, Jan 12 (APP): Prime Minister Shehbaz Sharif on Thursday said Saudi Arabia has always supported Pakistan in difficult times.
‘Pakistan is grateful for the announcement of $1 billion made by Saudi Arabia’s Prime Minister and Crown Prince of Mohammed bin Salman for the rehabilitation of Pakistan’s flood victims,” the prime minister said.
Shehbaz Sharif expressed these views in a meeting with Chief Executive Officer (CEO) of the Saudi Fund Sultan Al Murshid, who led a four-member delegation.
The prime minister said Pakistan highly values Saudi Arabia’s assistance for the rehabilitation of flood victims.
During the meeting, various development projects of Saudi Arabia in Pakistan were also reviewed.
The meeting was attended by Finance Minister Ishaq Dar, Law Minister Nazir Tarar, Adviser to Prime Minister Ahad Cheema and senior officials.
ISLAMABAD, Jan 12 (APP): Prime Minister Shehbaz Sharif on Thursday left here for the United Arab Emirates (UAE) on a two-day visit.
The prime minister was accompanied by a high-level delegation, including key members of the cabinet.
The prime minister is visiting the UAE on the invitation of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
This is the third visit of Shehbaz Sharif to the UAE after assuming the office of prime minister.
During the visit, the prime minister will meet the UAE president with a particular focus on advancing economic, trade and investment ties between the two brotherly countries and creating increased opportunities for the Pakistani workforce in the UAE.
The prime minister will also meet the UAE Prime Minister and Vice President and Ruler of Dubai, Sheikh Muhammad bin Rashid Al Maktoum.
During the meetings with the Emirati businessmen and investors, the prime minister will discuss ways to enhance bilateral trade and investment.
The UAE is home to around 1.7 million Pakistanis who have been playing a pivotal role in the success story of the UAE, for the last five decades, contributing to the progress, prosperity and economic development of the two countries.
LAHORE, Jan 12 (APP): Punjab Chief Minister Chaudhry Parvez Elahi has taken vote of confidence by getting 186 votes in a controversial voting procedure in the Punjab Assembly, on late Wednesday night.
The opposition boycotted the vote of confidence procedure after blaming that rules of the assembly and constitution were violated by the PA Speaker. Members Punjab Assembly Raja Basharat and Aslam Iqbal presented the resolution for the vote of confidence on which the Speaker adopted the process.
Earlier the Punjab Assembly session, chaired by Speaker Sibtain Khan, started 1 hour and 49 minutes late on Wednesday afternoon with the protest and noise by the opposition members.
The opposition members were demanding to take vote of confidence by Chief Minister Parvez Elahi.
The Speaker asked the members to allow the session to run and have their seats.
After few speeches, the Speaker terminated the question hour. The government members criticized the opposition for not expressing serious attitude on the assembly business. Whereas the opposition was continuously demanding the government to take vote of trust according to the constitution.
The session was suspended several times by the Speaker and then at about 12:10 a.m. the session was started in which the process of vote of confidence was adopted.
After getting the vote of confidence, Chaudhry Parvez Elahi, in his address, thanked the members of the house for expressing their trust in him besides thanking PTI chairman Imran Khan and his team.
Meanwhile, Federal Interior Minister Rana Sanaullah, Special Assistant to Prime Minister on Interior and Legal Affairs Attaullah Tarar and MPA Muhammad Khan, rejecting the procedure of the vote of confidence by the Speaker, declared it a bogus and illegal action while talking to media outside the assembly.
They said that the Speaker did not adopt the rules and no nomination of election agents of the opposition was allowed. They alleged that Chaudhry Parvez Elahi did not have number of 186 of the members and cheated the house. They said that the court would be given evidences that several members were even not present in the country.
ISLAMABAD, Jan 12 (APP): Prime Minister Muhammad Shehbaz Sharif on Wednesday expressed his gratitude to Azerbaijan President Ilham Aliyev for continuing support for the flood victims of Pakistan.
On his Twitter handle, the prime minister said “Such kind gestures are not only morale boosting for the flood-affected people but also rebuild our faith in the shared humanity.”
Last but not the least, I am grateful to H.E. President Ilham Aliyev @presidentaz for Azerbaijan’s 🇦🇿 continuing support for flood victims of Pakistan. Such kind gestures are not only morale boosting for the flood-affected people but also rebuild our faith in the shared humanity.
— Shehbaz Sharif (@CMShehbaz) January 11, 2023
Earlier, the prime minister, in a series of tweets, also acknowledged and appreciated different countries, heads of states and governments, global financial institutions and development partners for making pledges to over $9 billion in the Resilient Pakistan conference in Geneva.
UNITED NATIONS, Jan 12 (APP): Pakistan will hand over the chairmanship of the Group of 77 and China to Cuba on Thursday after completing it’s one-year term during which the world grappled with multiple economic and financial crises that especially affected the developing countries adversely.
These crises included the lingering COVID-19 pandemic, growing impacts of climate change, economic imbalances and rising debt distress, commodity price shocks and food insecurity, and persistent fragility and conflict—with the war in Ukraine currently exacerbating many deteriorating trends.
A founding member of G-77, which promotes the developing countries’ collective economic interests at the UN, Pakistan took over the chairmanship of G-77 from Guinea on January 14, 2022.
Pakistan has held G77’s chairmanship four times — in 1976, 1992, 2007 and 2022.
Tomorrow’s handover ceremony will take place in the Trusteeship Council chamber where the baton will be transferred to Cuba.
The programme includes a video statement by Pakistan Foreign Minister Bilawal Bhutto Zardari followed by remarks, also by video-link, by Cuban President Miguel Díaz-Canel Bermudez.
Also addressing the high-level event will be, among others, UN Secretary-General Antonio Guterres; Cuban Foreign Minister Bruno Rodríguez Parrilla, and UN General Assembly President Csaba Korosi.
Other group members will also make statements.
Under Pakistan’s chairmanship, Tthe Group has been instrumental in maintaining development at the heart of the United Nations and focus of development partners towards the triple crises faced by the developing countries.
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