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Chinese FM calls for closer China-South Asia cooperation

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Chinese FM Wang Yi

BEIJING, Aug 17 (APP): Chinese Foreign Minister Wang Yi called for closer cooperation between China and South Asian countries.


Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said China welcomes South Asian countries to share the benefits of its development at the opening ceremony of the seventh China-South Asia Expo in Kunming, southwest China’s Yunnan Province, CGTN reported.


China and South Asian countries should deepen strategic mutual trust, support each other in international and regional affairs, jointly advocate open regionalism, build closer regional cooperation, safeguard the interests of developing countries, and defend international justice, he said.


He urged both sides to deepen connectivity, push forward the construction of main corridors such as the China-Pakistan Economic Corridor and the China-Nepal cross-border railway, accelerate the construction of key corridors, nodes and projects, and promote the smooth flows of the regional economic cycle.


Both sides should deepen economic and trade cooperation, further promote trade facilitation and system standards docking, drive investment cooperation through joint construction and sharing, and close connection of the global production and supply chains, he said.


He also called for more people-to-people exchanges, tightening ties and elevating traditional friendship between the two sides to create a more cohesive and diverse social foundation for regional cooperation.


China-South Asia Expo has become an important platform for promoting exchanges and cooperation between the two sides and even the rest of the world, Wang noted.


South Asian countries are welcome to explore more opportunities for cooperation through this event, achieve more cooperation results, jointly promote the revitalization and development of Asia, and work together to create a better future, he added.


Other participants at the opening ceremony said that South Asian countries have actively promoted the high-quality joint construction of the Belt and Road Initiative with China which achieved fruitful results.


They thanked China for building an efficient cooperation platform to help South Asian countries board on the express train of China’s development, and looked forward to strengthening solidarity and collaboration with China to contribute to regional openness, inclusiveness, peace, stability and common development.


The Expo running from August 16 to 20 is co-hosted by the Chinese Ministry of Commerce and the Yunnan provincial government. It has attracted over 2,000 exhibitors from more than 60 countries and regions.

Exchange rates for currency notes

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Exchange rates

KARACHI, Aug 17 (APP): CURRENCY SELLING BUYING
USD 298.30 291.90
GBP 379.31 371.14
EUR 324.32 317.72
JPY 2.0372 1.9934
SAR 79.64 77.74
AED 81.24 79.99

LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.42824
LIBOR 3M 5.63809
LIBOR 6M 5.87298

US DOLLAR Indicative FBP Rates

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

USD 294.50 294.17 292.23 290.29 288.29 285.55 283.89

EUR 320.18 320.06 318.44 316.75 315.02 312.70 311.30

GBP 374.47 374.08 371.62 369.09 366.49 363.02 360.80

 

NBP exchange rates

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NBP Exchange Rates

KARACHI, Aug 17 (APP): The Treasury Management Division of the National Bank of Pakistan (NBP) on Thursday issued the following
exchange rates.

CCURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 295.35 294.85
EURO EUR 321.50 320.95
JAPANESE YEN JPY 2.0170 2.0136
BRITISH POUND GBP 375.56 374.92
SWISS FRANC CHF 335.47 334.90
CANADIAN DOLLAR CAD 218.24 217.87
AUSTRALIAN DOLAR AUD 188.51 188.19
SWEDISH KRONA SEK 27.13 27.09
NORWEGIAN KRONE NOK 27.76 27.71
DANISH KRONE DKK 43.07 43.00
NEWZEALAND DOLLAR NZD 174.58 174.29
SINGAPORE DOLLAR SGD 216.82 216.45
HONGKONG DOLLAR HKD 37.86 37.79
KOREAN WON KRW 0.2201 0.2197
CHINESE YUAN CNY 40.44 40.37
MALAYSIAN RINGGIT MYR 63.60 63.49
THAI BAHT THB 08.30 08.29
U.E.A DIRHAM AED 80.98 80.85
SAUDI RIYAL SAR 78.85 78.72
QATAR RIYAL QAR 81.16 81.03
KUWAITI DINAR KWD 960.89 959.27

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 294.7383
GBP 375.8207
EUR 322.09
JPY 2.0257

SETTLEMENT DATE: 21-08-2023

 

Pakistan flag raised in New York’s celebrated spot; Masood Khan says country moving towards stability

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Amb Masood Khan

NEW YORK, Aug 17 (APP): The green-crescent-and star was raised on Wednesday at Bowling Green, a historic spot in New York City, to mark Pakistan’s 76th Independence Day, with Ambassador Masood Khan telling community members that the country is on course towards attaining political stability and economic viability.

“Pakistan is a great country, a resilient nation,” he told the cheering gathering in which Mayor Eric Adams and his administration’s top officials, including Pakistani-Americans, were present.

Bowling Green, the City’s oldest park, was the venue where the British colonial flag was lowered and America’s Stars and Stripes was raised in 1783. Last year Mayor Adams raised — for the first time — Pakistan’s flag, alongside the American flag, at the same spot on the country’s 75th anniversary.

At Wednesday’s ceremony, Ambassador Masood Khan hoisted the Pakistan flag, while Mayor Adam raised the US flag.

Organized by the mayor’s office, the ceremony was conducted by Asim Rehman, a Pakistani who is New York City’s
commissioner and chief administrative law judge of the Office of Administrative Trials and Hearings (OATH). Rehman is the first Muslim-American and the first person of South Asian descent to lead OATH.

Also present were other senior City government officials of Pakistani origin– Ahsan Chughtai and Atia Shahnaz.

“I’m proud to see that today so many Pakistanis are prominent in the city government,” Ambassador Masood Khan said,
noting that New York is known as the capital of the world as it hosts the United Nations Headquarters.

“I see Pakistanis present here — many of you in traditional Pakistani dresses in the colours of the Pakistani flag,” the Pakistani envoy said under bright sunshine after days of wet, cloudy weather.

The Ambassador told them not to pay attention to rumours that Pakistani Americans have given up on Pakistan’s economy. “Don’t lose faith in Pakistan,” he said, stressing that the U.S. is “your homeland, but Pakistan is your motherland– and that strong bond will not be severed”.

Pointing out that Pakistani-Americans had remitted $3 billion to Pakistan in the past fiscal year– the same amount they sent the previous year — he said that fact belies the claims that the Pakistani-American community had lost faith in the country’s economy.

“There is no room for despair and despondency”, Ambassador said, urging the community members to seek authentic information about Pakistan, not pay attention to “fake narratives”.

A resilient country, Pakistan would have an impressive growth rate this year, and is poised to take off, he said amid “Pakistan Zinda Bad” slogans. “We want you — the Pakistani-American community — in general and New Yorkers in particular, to be part of that experience to be part of
that undertaking.”

Ambassador Masood Khan thanked Mayor Adams for his presence, saying he was doing a “marvelous” job.

“I want to thank you for taking many of the prominent Pakistani-Americans in your cabinet — so you made us proud and
you’ve honoured not only individuals, you have honoured the entire nation,” he said. “Thank you so much for your support to the Pakistani-American community. Thank you so much for integrating them into New York’s rich social, and economic fabric.”

Thanking the Ambassador, Adams said since he took over as mayor last year, New York has become an open city.

“This is not my city. We don’t all go to one place — we don’t all go to one place to eat or one place to raise our children. We don’t all dress the same. We don’t all talk the same (language). But there is an ability to learn from each other. Because we’re going to find the answers to global problems.’

“We have been together for so many years– fighting against those with Islamophobia, fighting against those who want to
attack those who wear hijab or turbans,” the mayor said, adding, “We have been standing side-by-side.”

“So I thank you for allowing me to participate in this flag raising, Happy Independence Day to an amazing country’s 76 years,” Mayor Adams added,

US voices concern over attacks on churches in Pakistani town of Jaranwala

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US State Department Spokesperson

WASHINGTON, Aug 16 (APP): The United States has voiced deep concerns over attacks on churches and homes in Pakistani town of Jaranwala in Faisalabad district, following the alleged desecration of the holy Quran, and called for an investigation.

“We are deeply concerned that churches and homes were targeted in response to reported Quran desecration in Pakistan,” State Department Spokesperson Vendant Patel told reporters at his daily press briefing on Wednesday, in response to a question from the correspondent of an private television channel.

“We support peaceful freedom of expression and the right to freedom of religion and belief for everybody,”the spokesperson said.

“And as we have previously said, we are always concerned about incidents of religiously-motivated violence. Violence or the threat of violence is never an acceptable form of expression, and we urge Pakistani authorities to conduct a full investigation into these allegations and call for calm for all those involved.”

According to media reports, no loss of life was reported during the incident while police had made over 100 arrests so far. Moreover, it said, footage of the incidents was being analyzed through scientific methods and the Rangers too had been called to the area to help restore calm.

Caretaker govt to facilitate free, fair election process: PM Kakar

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ISLAMABAD, Aug 16 (APP): Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the government would be assiduously working to facilitate a free and fair election process in Pakistan according to the Constitution.
On his Twitter handle, the prime minister thanked US Secretary of State Antony Blinken for his good wishes.
“We place importance on our partnership with the US and deeply value the shared commitment to economic prosperity, democracy and stability in the region,”he further posted on a tweet.
Earlier, US secretary of state, in a tweet, congratulated the new Caretaker Prime Minister Anwaarul Haq Kakar.
“As Pakistan prepares for free and fair elections, in accordance with its constitution and the rights to freedom of speech and assembly, we will continue to advance our shared commitment to economic prosperity,” Blinken added in his tweet.

AJK PM urges OIC to take unified stand to stop recurrence of desecration of Holy Quran

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Mirpur AJK, Aug 16 (APP): Azad Jammu & Kashmir Prime Minister Chaudhry Anwar ul Haq, condemning the desecration of the Holy Quran in Sweden, on Wednesday urged the Organization of Islamic Cooperation (OIC) to take a unified stand for stopping the recurrence of such despicable acts in future.

The AJK prime minister, in a statement, said Pakistan should summon the Swedish ambassador to convey to him the sentiments of the Muslim Ummah.

He said there was a dire need to remind the international community of international laws that clearly prohibited any advocacy of national, racial or religious hatred that “constitutes incitement to discrimination, hostility or violence”.

Anwaar said the European countries should understand the sanctity of the Holy Quran and realize the fact that Muslims could not tolerate any kind of desecration of their holy book or other Islamic symbols.

He further said that such senseless and vile attacks were bound to damage interfaith harmony and incite religious hatred across the globe.

It was the prime responsibility of all the member states of the United Nations to ensure the respect of all holy books and religious scriptures under the UN Charter, he aded.

The AJK PM stressed the need to exercise the right to freedom of expression responsibly and in accordance with relevant international human rights covenants and treaties.

He also emphasised the need for dialogue between religions, cultures and civilizations to ensure durable peace and harmony in the world.

Syrus Sajjad Qazi appointed as Foreign Secretary

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ISLAMABAD, 16 Aug (APP): Ambassador Muhammad Syrus Sajjad Qazi has been appointed as the 32nd Foreign Secretary.

“He replaces Ambassador Asad Majeed Khan who retires from government service upon attaining superannuation,” Foreign Office Spokesperson, on her twitter handle, posted on Wednesday.

NA speaker condemns violence against minorities in Jaranwala

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NA Speaker

ISLAMABAD, Aug 16 (APP): National Assembly Speaker Raja Pervaiz Ashraf on Wednesday strongly condemned the recent wave of violence and vandalism targeting minorities in the town of Jaranwala.

Emphasizing the importance of upholding fundamental rights for all citizens, especially minorities, he reaffirmed that the Constitution ensured their security and safety.

The speaker stressed that Pakistan’s commitment to protecting minorities was deeply rooted in its constitutional framework. “Every citizen, regardless of their background or beliefs, is entitled to the full range of fundamental rights enshrined in our Constitution,” he asserted.

He underlined that ensuring the sanctity of the worship places was not only the duty of the State just but also a collective obligation of the society.

Raja Pervaiz said there might be the possibility of external elements’ involvement to undermine the harmony of the nation. “Such acts of violence and vandalism may be part of a larger conspiracy against Pakistan.”

The speaker called for a thorough investigation into the incidents and urged swift action against those responsible. “It is imperative that the culprits behind these heinous acts are brought to justice without delay,” he asserted.

Referring to the rising acts of Islamophobia in the world, Raja Pervaiz Ashraf condemned the desecration of the Holy Quran in Sweden characterizing such acts as attempts to disrupt interfaith harmony and appealed to the international community to collectively address and prevent such incidents.

A family enjoying ride in decorated victoria horse cart.

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A family enjoying ride in decorated victoria horse cart.
APP51-160823 KARACHI: August 16 - A family enjoying ride in decorated victoria horse cart. APP/SDQ/ABB
A family enjoying ride in decorated victoria horse cart.
APP51-160823 KARACHI: