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Capt Sarwar Shaheed, Nishan-e-Haider, paid tribute on 75th anniversary

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ISLAMABAD, Jul 27 (APP): The 75th martyrdom anniversary of Captain Muhammad Sarwar Shaheed, Nishan-e-Haider, was observed on Thursday to highlight his courage and valour exhibited while defending motherland in the battlefield of Tilpatra (Azad Kashmir) in 1948.

According to the Inter Services Public Relations (ISPR) news release, the Director General Rawalpindi Garrison Security Area (RGSA) laid floral wreath at Captain Muhammad Sarwar Shaheed’s mausoleum in his native town Sanghori, Gujjar Khan.

A smartly turned out contingent of Pakistan Army presented guard of honour.

The wreath laying ceremony was attended by people from different walks of life, civil and military officials and relatives of the Shuhada (martyrs).

Earlier, the Armed Forces of Pakistan, Chairman Joint Chiefs of Staff Committee (CJCSC) and the Services Chiefs paid glowing tribute to Captain Muhammad Sarwar Shaheed, Nishan-e-Haider, on his 75th Shahadat (martyrdom) Anniversary. His matchless chivalry, unwavering resolve and fortitude would always be remembered.

Captain Muhammad Sarwar, the first recipient of Nishan-e-Haider, who demonstrated indomitable courage and valour in defence of motherland and embraced Shahadat at Tilpatra (Azad Kashmir) in 1948.

Captain Muhammad Sarwar’s martyrdom anniversary served as a powerful reminder of the extraordinary sacrifices made by the Armed Forces of Pakistan to defend the motherland.

“Let us remember these heroes who have laid down their lives in defence of our motherland. The nation is proud of its gallant sons,” the ISPR said.

Effects of climate change increasing in Asia, UN weather agency

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Effects of climate change increasing in Asia, UN weather agency

UNITED NATIONS, Jul 27 (APP): : Extreme weather events ranging from large-scale floods — like last August’s deluge in Pakistan — to droughts and other effects of climate change are on the rise in Asia and bound to affect food security and the continent’s ecosystems, the World Meteorological Organization (WMO), a Geneva-based agency, said.

In a report published on Thursday, WMO said Asia was the world’s most disaster-impacted region, with 81 weather, climate and water-related disasters recorded last year, the majority of which were floods and storms.

Melting ice and glaciers and rising sea levels threaten more socio-economic disruption in future, according to the agency’s latest State of the Climate report for the region.

The mean temperature over Asia for 2022 was the second or third warmest on record and was about 0.72 degrees Celsius (°C) above the 1991–2020 average, which was itself roughly 1.68°C above the WMO 1961–1990 reference period for climate change.

Asia is also the world’s most disaster-prone region, according to the agency’s new report.

In 2022, there were more than 80 disasters on the continent, mainly floods and storms, which killed upwards of 5,000 people and affected 50 million more. Overall economic damage exceeded $36 billion.

WMO Secretary-General Petteri Taalas noted that last year, many areas in Asia experienced drier-than-normal conditions and drought.

He highlighted the case of China, where prolonged drought conditions affected water availability and the power supply. The estimated economic losses were over $7.6 billion.

“Most glaciers in the High Mountain Asia region suffered from intense mass loss as a result of exceptionally warm and dry conditions in 2022,” Taalas said. “This will have major implications for future food and water security and ecosystems,” he added.

Last year also saw severe flooding in Pakistan. The country received 60 per cent of its normal monsoon rain within just three weeks of the start of the monsoon season.

More than 33 million people were affected, or roughly 14 per cent of the population, and more than $15 billion in losses were recorded.

Asia also shows an overall surface ocean warming trend beginning in 1982. In the northwestern Arabian Sea, the Philippine Sea and the seas east of Japan, the warming rates exceed 0.5°C per decade, roughly three times faster than the global average surface ocean warming rate.

The report was released during a meeting of the UN Economic and Social Commission for Asia and the Pacific’s (ESCAP) Committee on Disaster Risk Reduction. It is accompanied by an interactive story map, with a special focus on agriculture and food security.

WMO said the expected increase in the frequency and severity of extreme events over much of Asia will impact agriculture, which is central to all climate adaptation planning.

EXIM bank rolls over $2.4 bln loan

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Dar apprises ADB delegation on current economic outlook of country

ISLAMABAD, Jul 27 (APP):Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here on Thursday that Chinese Export Import Bank (EXIM) has rolled over US$ 2.4 billion which were due in next two fiscal years.

In a tweet, the finance minister said that US$1.2 billion were due in fiscal year 2023-24: and US$ 1.2 billion in fiscal year 2024-25.

He said Pakistan will make interest payments only in both years.

EXIM bank rolls over $2.4 bln loan

Turkish private sector interested in collaborating with Pakistan’s furniture industry: Mian Kashif

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ISLAMABAD, Jul 27 (APP): Chief Executive Officer (CEO) of Pakistan Furniture Council (PFC) Mian Kashif Ashfaq on Thursday said that the Turkish private sector had evinced keen interest in collaboration, joint ventures, and investment with the Pak furniture industry.

Mian Kashif Ashfaq who is currently on a Turkiye visit said that fostering better collaboration and attracting foreign investment to Pakistan’s furniture sector could have a positive impact on the industry’s growth, leading to economic benefits for the country as a whole, said a news release issued here.

“Collaborating with international counterparts can open up new avenues for growth, innovation, and increased market access”, he remarked.

“Moreover, attracting foreign investment could bring in capital, technology, and expertise, which can help enhance the overall competitiveness and productivity of the sector.”

By holding fruitful meetings with Turkish counterparts, he said, “PFC is working towards strengthening ties with foreign businesses and investors.”

This could involve discussing potential partnerships, joint ventures, or investment opportunities in Pakistan’s furniture industry, he added.

“Additionally, such interactions may also facilitate knowledge exchange, best practices sharing, and access to new markets,” he added.

Mian Kashif Ashfaq said, “Foreign investment can play a significant role in economic development and the furniture industry, being a key sector with potential for growth and employment generation, can greatly benefit from these initiatives.”

He said, “It can create job opportunities, boost local production, and improve the overall quality of products and services offered in the market.”

However, he said, “It is essential to maintain transparency, uphold business ethics, and ensure mutual benefits for all stakeholders involved in these collaborations.”

World Hepatitis Day to be marked tomorrow

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ISLAMABAD, Jul 27 (APP): World Hepatitis Day will be marked on Friday (July 28) across the globe including Pakistan to promote awareness of hepatitis, a disease that affects the liver.

One way of preventing hepatitis is to get a vaccine against the disease before traveling.

The United Nations and the World Hepatitis Alliance work with individuals and community groups to promote awareness raising campaigns worldwide about hepatitis. Information about World Hepatitis Day is usually distributed via social media, newspapers, posters, and through the World Health Organization (WHO) website.

Hepatitis simply means inflammation of the liver and can be caused by different things. One of the most common causes of chronic (long-term) hepatitis is viral infection. According to the World Hepatitis Alliance, about 500 million people are currently infected with chronic hepatitis B or C and 1 in 3 people have been exposed to one or both viruses.

The World Hepatitis Alliance first launched World Hepatitis Day in 2008. Following on, the UN declared official recognition of this event in 2010.

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Singer Sinead O’Connor dies at 56

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Singer Sinead O'Connor dies at 56

PM Shehbaz grieved over demise of UAE President’s brother

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ISLAMABAD, Jul 27 (APP): Prime Minister Muhammad Shehbaz Sharif on Thursday expressed deep grief and sorrow over the death of United Arab Emirates (UAE) President Mohammed bin Zayed Al Nahyan’s brother Sheikh Saeed bin Zayed Al Nahyan.

He said the the entire nation of Pakistan equally shared the grief of the brotherly country UAE, the royal family and the people of the UAE, according to a statement issued by the Prime Minister Office.

He prayed to Allah Almighty to elevate ranks of the departed soul in paradise and grant courage to the bereaved family to bear this loss with fortitude.

Meanwhile in his tweet, the prime minister said “I extend my deepest condolences and most sincere sympathies to my brother Sheikh Mohamed Bin Zayed, the bereaved royal family and the people of the UAE. May Allah Almighty rest the departed soul in eternal peace! Ameen”.

NBP Exchange Rates

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NBP

KARACHI, Jul 27 (APP): Treasury Management Division of
National Bank of Pakistan (NBP) on Thursday issued the following exchange rates.

URRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 287.45 286.95
EURO EUR 319.72 319.17
JAPANESE YEN JPY 2.0553 2.0517
BRITISH POUND GBP 372.72 372.07
SWISS FRANC CHF 334.57 333.99
CANADIAN DOLLAR CAD 218.25 217.87
AUSTRALIAN DOLAR AUD 195.90 195.56
SWEDISH KRONA SEK 27.87 27.83
NORWEGIAN KRONE NOK 28.59 28.54
DANISH KRONE DKK 42.82 42.75
NEWZEALAND DOLLAR NZD 180.00 179.68
SINGAPORE DOLLAR SGD 217.34 216.96
HONGKONG DOLLAR HKD 37.02 36.96
KOREAN WON KRW 0.2260 0.2256
CHINESE YUAN CNY 40.52 40.45
MALAYSIAN RINGGIT MYR 63.50 63.39
THAI BAHT THB 08.44 08.42
U.E.A DIRHAM AED 78.82 78.68
SAUDI RIYAL SAR 76.73 76.60
QATAR RIYAL QAR 78.99 78.85
KUWAITI DINAR KWD 938.24 936.62

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 286.933
GBP 370.201
EUR 317.6348
JPY 2.043

SETTLEMENT DATE: 01-08-2023

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FM discusses post-flood recovery with UNSG

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ISLAMABAD, Jul 27 (APP): Foreign Minister Bilawal Bhutto Zardsri on Wednesday held a telephonic call with United Nations Secretary General Antonio Guterres and discussed post-flood recovery in Pakistan, food security for developing countries and Black Sea Grain Initiative.
On his Twitter handle, the foreign minister said that he thanked the UNSG for his leadership and support for Pakistan flood response.
The foreign minister highlighted challenges faced by the developing countries for food security following supply chain disruptions.
“Exchanged views on reviving the stalled Black Sea Grain Initiative through constructive dialogue accommodating concerns of all parties,” he added in a tweet.
Foreign Minister Bilawal also addressed the recurring reprehensible and condemnable acts of desecration of the Holy Quran.
He urged upon collective UN action to formulate comprehensive strategy for tackling Islamophobia.