General Elections: Media houses gear up for comprehensive coverage
Pakistan’s new currency banknotes to be introduced in next two years: Saleem Ullah
ISLAMABAD, Feb 1 (APP): Deputy Governor at State Bank of Pakistan Saleem Ullah Thursday disclosed that new banknotes with improved security features will be introduced in the next two years where SBP has announced an art competition to engage local artists, designers, and art students in shaping the visual identity of the upcoming currency.
In an exclusive interview with a private news channel, he said that this visionary initiative comes as part of SBP’s commitment to revamp the existing banknote series and address concerns related to counterfeit currency circulation within the country.
He said that it was an “established practice” to introduce new banknotes every 15 to 20 years for security purposes, after 2005 Pakistan will soon introduce easy and technology-based standard currency notes to facilitate the public.
He said that local artists, designers, and art students will be eligible to participate in the art competition.
The designs could be on the themes of social and cultural identities, diversity, climate change and environment protection, economic development, natural landscapes, architectural heritage and national symbols, he mentioned.
The designs could be submitted by March 11, after which a jury of “reputed artists” will recommend six designs for each denomination, he further added.
The rollout of new banknotes is expected to be completed “within the next two years,” he highlighted.
Replying to a question, he said that State Bank is ensuring an adequate supply of good quality banknotes across the country, adding, we have run various awareness drives for the public to recognize the original banknotes.
He also termed the introduction of currency notes with new security features as a “positive development”.
Chicken, eggs prices reach at Rs 460 per kg, Rs 415 per dozen
ISLAMABAD, Feb 1 (APP): The price of poultry chicken reached Rs 460 per kg and the price of poultry eggs reached Rs 415 per dozen in the open market in the twin cities of Islamabad and Rawalpindi.
The meat of the poultry chicken has reached Rs 800 to 810 per kg in the open market, according to the survey conducted by APP here on Thursday.
The price of poultry chickens and eggs has been going above Rs 415 to 420per kg and dozen for the past few months, which is getting away from the purchasing power of consumers day by day.
The prices of poultry items have increased by 20 percent in the twin cities of Islamabad and Rawalpindi during the last one month, which has created huge volatility in the market.
According to the market survey, during the last three in the twin cities, a 25 per cent increase was witnessed in the price of poultry chicken, while as same as 35 per cent increase in the price of poultry eggs in the same period.
Meanwhile, talking to APP, former Chairman of the Pakistan Poultry Association (PPA), Dr Sajjad Arshad said that the increase in the current prices of poultry was due to demand and supply issues.
He said that the increase in poultry business inputs and cost of doing business was seen across the country due to which the market was in crisis.
He said that many people related to the chicken business in the country were affected by the current crisis and especially small businesses and poultry farms were closed, adding the poultry business in the four provinces including Punjab, Sindh, Balochistan and Khyber Pakhtunkhwa is suffering from the current economic crisis.
Sajjad said that the country’s economic conditions are also an important issue and the poultry feed ingredients imported from foreign countries are very expensive, in which soybean is important.
He said that many soybean ships have stopped at Karachi port, which has an inevitable impact on poultry prices.
Pakistan Poultry Association (PPA) has also called for a further increase in the prices of chicken and there was an increase observed in the prices of poultry items in the twin cities of Islamabad and Rawalpindi.
On this occasion, poultry feed industrialist and Ex. President of Rawalpindi Chamber of Commerce and Industry and Poultry industrialist, Dr. Sarosh said that soybean is included in the basic ingredients of poultry feed.
Currency rates of NBP
KARACHI, Feb 01 (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 282.85 276.75
GBP 358.82 351.06
EUR 305.81 299.77
JPY 1.9286 1.8869
SAR 75.43 73.80
AED 77.02 75.86
Partly cloudy weather forecast for city
BAHAWALPUR, Feb 01 (APP):The local Met Office has forecast a dry to partly cloudy weather for the city for next 24 hours.
The highest maximum temperature 14 centigrade and the lowest minimum 08 centigrade were recorded during last 24 hours.
The dry to partly cloudy weather has also been forecast for rest of the region.
NBP-Rates-2-Karachi
NBP Exchange Rates
FM Jilani meets MEP Nicola, discusses emerging trends of geopolitics
ISLAMABAD, Feb 1 (APP): Caretaker Foreign Minister Jalil Abbas Jilani, who is currently in Brussels to attend the 3rd European Union (EU) Indo-Pacific Ministerial Forum, on Thursday met the Chair of European Parliament’s Delegation for Relations with Countries of South Asia, MEP Nicola Procaccini.
During the meeting, they discussed the emerging trends of geopolitics and agreed to strengthen Pakistan EU parliamentary linkages through frequent engagement and dialogue, the Foreign Office Spokesperson posted on X.
Foreign exchange rates
KARACHI, Feb 01 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday.
CONVERSION RATES FOR February 01 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)
SBP SETTLEMENT VALUE DATE FEBRUARY 06 2024
USD 279.2500
GBP 353.8935
EUR 302.0089
JPY 1.8909