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Dastgir lauds PML-N for respecting state institutions, its belief in democratic norms

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Decade-long CPEC brings Chinese companies, technologies to Pakistan: Khurram Dastgir

ISLAMABAD, Aug 8 (APP): Pakistan Muslim League-Nawaz (PML-N) senior leader Khurram Dastgir on Thursday praised that Pakistan Muslim League-Nawaz (PML-N)’s respect for institutions is rooted in its belief in the importance of democratic norms and the rule of law.
Talking to a private news channel, Dasgir argued that this approach has allowed the party to maintain a positive relationship with the army and other institutions, even when they have been in opposition.
On the other hand he criticised that the founder of Pakistan Tehreek-e-Insaf (PTI) had set up precedent of taking U-turns and maligned the state institutions’ image solely for his personal gains.
Dastgir’s scathing remarks exposed the PTI leader’s alleged hypocrisy and self-serving agenda and argued that such flip-flopping has become a hallmark of the PTI’s politics, undermining the trust of the people and the integrity of the political process.
Dastgir urged the people to recognize this reality and reject the PTI’s divisive and negative politics, which have hindered Pakistan’s progress and stability.
The PML-N leader questioned the PTI founder’s credibility, asking how someone who has consistently denounced the establishment can now seeking their favor.
Dastgir reaffirmed the PML-N’s commitment to serving the people and promoting democratic values, rather than pursuing power at any cost.
He alleged that PTI’s leadership has consistently employed divisive tactics, exploiting sensitive issues and fueling hatred to create a rift among the people.
“PTI’s sole focus on gaining power has led them to abandon all sense of civility and decency, causing harm to the country’s social fabric and democratic norms”, he added.
Dastgir emphasized that PML-N, on the other hand, believes in inclusive politics and respectful dialogue, and will continue to promote a culture of tolerance and civility in politics.

PDMA Balochistan on high alert, protecting citizens with round-the-clock monitoring: Director

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ISLAMABAD, Aug 8 (APP):Director of Planning and Coordination at the Provincial Disaster Management Authority (PDMA) in Balochistan Naveed Ahmad Sheikh assured on Thursday that his team is closely monitoring the monsoon rain situation 24/7 hours and conducting assessments of crop damaged to compensate affected farmers.
Talking to PTV news channel, he said that PDMA is identifying and establishing safe places to accommodate people affected by the heavy downpour, adding, with PDMA’s proactive measures, those impacted by the rains can expect timely support and relief mitigating the suffering and financial losses caused by the natural disaster.
 The Provincial Disaster Management Authority (PDMA) in Balochistan has been taking proactive measures to ensure public safety amidst the monsoon rains, he said, adding, in addition to monitoring the situation and assessing crop damage, PDMA has been issuing regular weather advisories and updates to keep the public informed.
 Furthermore, in light of the hazardous weather conditions, PDMA has notified Section 144 to restrict tourist activities, prioritizing the safety of visitors, he added.
  This precautionary measure aims to prevent accidents and minimize risks associated with traveling during the monsoon season, he mentioned.
  By taking these steps, PDMA is demonstrating its commitment to protecting both the local population and tourists, ensuring that everyone remains safe and informed throughout the duration of the monsoon rains, he highlighted.
 Naveed Ahmad Sheikh also revealed that the authority is engaged in a multitude of activities to mitigate the impact of the monsoon rains, besides issuing weather advisories and restricting tourist activities, PDMA is conducting comprehensive surveys to assess damages to buildings and infrastructure.
  The authority is also collaborating closely with dedicated officials from the Pakistan Army, volunteers, and the National Highway Authority (NHA) to provide timely assistance to citizens affected by the monsoon, he added.
  Through these coordinated efforts, PDMA aims to ensure a swift and effective response to emergencies, providing relief and support to those in need, Director said.
  By working together with various stakeholders, PDMA is demonstrating its commitment to protecting the well-being and safety of the people of Balochistan during this challenging time, he concluded.

NBP Exchange Rates

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NBP - Exchange rates

KARACHI, Aug 08 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates.

 

CURRENCY SYMBOL TT Selling TT Buying
US DOLLAR USD 279.10278.60
EURO EUR 304.91304.36
JAPANESE YEN JPY 1.90141.8980
BRITISH POUND GBP 353.49 352.85
SWISS FRANC CHF 323.68 323.10
CANADIAN DOLLAR CAD 202.74202.38
AUSTRALIAN DOLLAR AUD 182.60182.28
SWEDISH KRONA SEK 26.78 26.73
NORWEGIAN KRONE NOK 25.83 25.79
DANISH KRONE DKK 40.79 40.71
NEWZEALAND DOLLAR NZD 167.15 166.85
SINGAPORE DOLLAR SGD 210.10209.73
HONGKONG DOLLAR HKD 35.87 35.80
KOREAN WON KRW 0.2024 0.2020
CHINESE YUAN CNY 39.22 39.15
MALAYSIAN RINGGIT MYR 62.41 62.30
THAI BAHT THB 7.85 7.83
U.A.EDIRHAM AED 76.29 76.16
SAUDI RIYAL SAR 74.13 74.00
QATAR RIYAL QAR 76.34 76.20
KUWAITI DINAR KWD 910.07908.44

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.6682
GBP 353.6857
EUR 304.3335
JPY 1.8998

 

Foreign exchange rates

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Exchange rates

KARACHI, Aug 08 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday.

CONVERSION RATES FOR AUGUST 08, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)

SBP SETTLEMENT VALUE DATE AUGUST 12, 2024

USD 278.6682
GBP 353.6857
EUR 304.3335
JPY 1.8998

UN stand on Kashmir ‘unchanged’: peaceful settlement according to Charter: Spokesperson

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By Iftikhar Ali

UNITED NATIONS, Aug 08 (APP):A United Nations spokesman has said that the world body’s position on Jammu and Kashmir remains “unchanged”, saying that the final settlement of the dispute concerning Jammu and Kashmir is to be reached by peaceful means in accordance with the Charter of the United Nations and full respect for human rights.

“Our position on Kashmir remains unchanged,” Farhan Aziz Haq, the UN’s deputy spokesperson, said in response to a question about the deteriorating human rights situation in Kashmir and the continued suffering of the people there following India’s annexation of occupied Kashmir on August 5, 2019.

“The position of the United Nations on this region is governed by the Charter of the United Nations and applicable Security Council resolutions,” he told reporters Wednesday at the regular noon briefing.

“The Secretary-General,” Farhan Haq added, “also recalls the 1972 agreement on bilateral relations between India and Pakistan, also known as the Simla Agreement.”

Pakistan marked the fifth anniversary of the day when the Hindu nationalist government of Prime minister Narendra Modi stripped Indian-occupied Kashmir of its special status, which allowed it a separate constitution and inherited protections on land and jobs under Articles 370 and 35A of the Indian Constitution.

Article 370 also forbids Indians from outside Jammu and Kashmir from permanently settling, buying land, holding local government jobs, and securing education scholarships.

India’s move was accompanied by a telecoms blackout in Muslim-majority Jammu and Kashmir state, restrictions on public movement, and the deployment of thousands of troops.

Apart from stepping up its repression, India has granted domicile certificates to thousands of Indians to settle in occupied Kashmir in a bid to change the State’s demographic character.

The certificate, a sort of citizenship right, entitles a person to residency and government jobs in the region, which till last year was reserved only for the Kashmiris.

 

NBP Exchange Rates

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NBP - Exchange rates

KARACHI, Aug 08 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates.

CURRENCY                              SYMBOL                TT Selling          TT Buying
US DOLLAR                               USD                      279.10              278.60
EURO                                       EUR                       304.91              304.36
JAPANESE YEN                          JPY                        1.9014              1.8980
BRITISH POUND                       GBP                        353.49              352.85
SWISS FRANC                          CHF                        323.68              323.10
CANADIAN DOLLAR                  CAD                        202.74              202.38
AUSTRALIAN DOLLAR               AUD                        182.60              182.28
SWEDISH KRONA                     SEK                         26.78                26.73
NORWEGIAN KRONE                NOK                         25.83                25.79
DANISH KRONE                       DKK                         40.79                40.71
NEWZEALAND DOLLAR             NZD                        167.15              166.85
SINGAPORE DOLLAR                SGD                        210.10              209.73
HONGKONG DOLLAR                HKD                         35.87                35.80
KOREAN WON                         KRW                        0.2024              0.2020
CHINESE YUAN                        CNY                         39.22                39.15
MALAYSIAN RINGGIT               MYR                         62.41                62.30
THAI BAHT                             THB                           7.85                 7.83
U.A.EDIRHAM                         AED                           76.29               76.16
SAUDI RIYAL                          SAR                           74.13               74.00
QATAR RIYAL                          QAR                           76.34              76.20
KUWAITI DINAR                     KWD                          910.07            908.44

CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.6682
GBP 353.6857
EUR 304.3335
JPY 1.8998

SETTLEMENT DATE: 12-08-2024

 

Foreign exchange rates

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KARACHI, Aug 08 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday.
CONVERSION RATES FOR AUGUST 08, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)
SBP SETTLEMENT VALUE DATE AUGUST 12, 2024
     USD      278.6682
     GBP      353.6857
     EUR      304.3335
     JPY        1.8998

CJCSC, tri services chiefs among Armed Forces pay tribute to Major Tufail Shaheed

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RAWALPINDI, Aug 08 (APP): The Armed Forces of Pakistan, the Chairman Joint Chiefs of Staff Committee, and the Services Chiefs pay a solemn and heartfelt tribute to Major Tufail Muhammad Shaheed, recipient of the prestigious Nishan-e-Haider, on the occasion of his 66th martyrdom anniversary on Thursday.

Major Tufail Muhammad, the second recipient of the esteemed Nishan-e-Haider, valiantly laid down his life in 1958 while fearlessly engaging the enemy in the Lakshmipur sector of East Pakistan, an Inter Services Public Relations news release said.

Despite fatal injuries, he resolutely completed his mission, exemplifying unparalleled bravery, unwavering resolve, and unrelenting dedication to duty, it said.

“The martyrdom anniversary of Major Tufail Muhammad Shaheed serves as a poignant reminder of the extraordinary sacrifices and selfless devotion of the Pakistan Armed Forces in defending the motherland. We honor the memory of these gallant sons of the soil who have made the ultimate sacrifice to safeguard our nation’s sovereignty and territorial integrity,” the ISPR said.