Home Blog Page 9469

Currency rates of NBP

0
NBP
KARACHI, Jun 07 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday.
CURRENCY                 SELLING             BUYING
USD                               281.34               275.37
GBP                               359.81               352.16
EUR                               306.50               300.53
JPY                                1.8067               1.7682
SAR                                 75.01                73.42
AED                                76.60                75.48
APP/as/

NBP Exchange Rates

0
NBP Exchange Rates
KARACHI, Jun 07 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday the following exchange rates.
CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 278.65 278.15
EURO EUR 304.02            303.48
JAPANESE YEN JPY 1.7888 1.7856
BRITISH POUND GBP 356.24 355.60
SWISS FRANC CHF 312.90 312.34
CANADIAN DOLLAR CAD 203.80  203.43
AUSTRALIAN DOLAR AUD 185.82 185.48
SWEDISH KRONA SEK   26.95   26.90
NORWEGIAN KRONE NOK   26.39   26.34
DANISH KRONE DKK   40.68   40.61
NEWZEALAND DOLLAR NZD 172.66  172.35
SINGAPORE DOLLAR SGD 207.04  206.67
HONGKONG DOLLAR HKD   35.80    35.74
KOREAN WON KRW 0.2035             0.2031
CHINESE YUAN CNY   38.76    38.69
MALAYSIAN RINGGIT                 MYR   59.35      59.25
THAI BAHT THB     7.37        7.23
U.E.A DIRHAM AED   76.37               76.23
SAUDI RIYAL SAR   74.27      74.14
QATAR RIYAL QAR   76.44    76.30
KUWAITI DINAR KWD 909.25   907.62
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.2903
GBP 355.6828
EUR 302.5572
JPY 1.7798
SETTLEMENT DATE: 11-06-2024

Portugal’s SL Benfica, Pakistan Football League team up to boost Pak sports economy

0
Portugal's SL
ISLAMABAD, Jun 7 (APP):Portugal’s national football club SL Benfica has announced partnership with the Pakistan Football League (PFL) Pearl Project to develop professional football and boost the sports economy in Pakistan.
SL Benfica, as the official partner of PFL, a pioneering initiative to develop professional football in Pakistan and stimulate the country’s football economy, will impart technical expertise to coaches and players, significantly advancing football in the region. With support from government officials, this initiative aims to inspire a new generation of footballers and fans in the region.
Benfica representatives are currently in Pakistan for prominent events in Islamabad, Lahore, and Karachi. SL Benfica stated that this partnership places the club at the forefront of football expansion in a nation with a population of approximately 250 million.
They attended the formal launch of PFL in Lahore on 4th June – attended by the likes of Michael Owen, Emile Heskey, Pascal Chimbonda and Raúl Rodríguez. The global delegation held meetings with the senior government ministers who offered full support to the football initiative.
“June marks the launch of the Pakistan Football League, a project with the potential of 250 million inhabitants committed to launching a football league. Benfica has been invited to present itself as the league’s technical partner to support its teams, coaches and players. As leaders in identifying and developing players, we had to accept this challenge. This project is another historic moment for Benfica, as we will be collaborating with an international league for the first time”, said Miguel Reis, SL Benfica’s Operations Coordinator for Global Expansion.
“For Benfica, this represents another great project with a huge responsibility, igniting a passion for sport in children and guiding them towards clubs to commence playing in a more structured and professional manner. Our goal is to facilitate the simultaneous development of young athletes and coaches, fundamentally transforming the football landscape in the country.
Our distinct methodological approach will be harnessed for the benefit of the league and the clubs, with Benfica potentially becoming the driving force in shaping the future of football in Pakistan. We are also excited about the upcoming global campaign ‘One Ball One Smile’, which will bring smiles to the faces of countless children by providing them with footballs. This initiative will not only empower them to play football in their communities but will also nurture the grassroots of football worldwide”, explained Davide Gomes, technical coordinator for international projects at SL Benfica.
This partnership not only recognizes Benfica’s global reach and expertise but also marks a significant milestone in the evolution of football in Pakistan. With SL Benfica’s support, the Pakistan Football League aims to inspire a new generation of footballers and fans, taking the game to new heights in the region. The Portuguese club will be the central incubator of the league and the entity that will ensure that standards in football development are maintained.
Benfica will lay the foundations for success by training local coaching staff and offering annual training masterclasses in Lisbon for local players, with the possibility of joining the academy if they prove to be exceptional talents.
As part of this collaboration, Benfica has organized a special exhibition to showcase the club’s history, featuring selected items from the Benfica Museum. This exhibition is being displayed during the launch events, underlining the club’s commitment to fostering a deep connection with Pakistan’s growing football community.
“I’m proud to be Pakistan’s Global Football Ambassador. I visited Pakistan two years ago and was impressed by the passion and interest people have in football here. I am very excited about the future and am fully available to contribute to the development of football in Pakistan”, said Michael Owen during the PFL launch event.
“We are here to discover the best talent. Football has millions of fans around the world, and we want to provide opportunities for our players to showcase their talent. From the northern areas of Pakistan, Chaman and Karachi, there is raw talent everywhere. I’m grateful to the international delegations who came here. Together with the international delegates and world football stars involved, we will work out strategies to improve football”, said Ahmar Kanwar, president and CEO of PFL.
“Football players from Argentina, the USA, Portugal and other countries came here. I thank all the visiting delegations. A galaxy of stars has descended on Pakistan. These football stars will guide our young people through the sport. Not everyone becomes a Ronaldo or a big star, but football teaches you discipline and how to lead a disciplined life. Football has become a part of my life, and soon we will be taking the game to all districts of Pakistan. Cricket is the most watched sport on TV in Pakistan, while football is the most played”, claimed Farhan Junejo, Chairman of the PFL.

Foreign exchange rates

0
Exchange rates
KARACHI, Jun 07 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday.
CONVERSION RATES FOR JUNE 07, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)
SBP SETTLEMENT VALUE DATE JUNE 11, 2024
     USD      278.2903
     GBP      355.6828
     EUR      302.5572
     JPY        1.7798

T20 WC: USA stuns Pakistan in thrilling Super Over upset

0
US

Dallas, TEXAS, Jun 07 (APP): USA made history as they defeated Pakistan in their ICC T20 World Cup match at the Grand Prairie Stadium in Dallas, Texas, on Thursday.

The match went to a Super Over after both sides tied at 159 runs each, with the USA ultimately scoring 18 runs in the Super Over to Pakistan’s 13.

The monumental win marks a significant upset in the T20 World Cup, with the USA defeating a strong Pakistan team. The USA had previously beaten Canada in their Group A opener, and this victory boosted their chances of advancing to the Super 8 round.

A boundary off the final ball of USA’s run-chase had sent the match to a Super Over, and it was the co-hosts of the tournament who came out on top in Dallas, pulling off one of the all-time great shocks.

Pakistan has reached at least the semi-final stage in six of the eight men’s T20 World Cups, including finishing runners-up in the most recent tournament in Australia in 2022. But they came against a USA side who did everything right on the day to pull off one of the biggest results in the history of the game.

Pakistan turned to Mohammad Amir in the Super Over, but three wides and a string of overthrows helped USA rack up 18 runs, despite just one boundary coming off the bat of Aaron Jones.

And Netravalkar Saurabh held his nerve with the ball as USA completed the most remarkable of victories on home soil.
Set 160 to win in regulation time, USA very nearly won the game in their initial allocated overs as their top order dealt well with a high-caliber Pakistan attack.

Opener Steven Taylor departed for 12 (16) in the final over of the Powerplay, but Monank Patel and Andries Gous put Pakistan on the back foot with a brilliant partnership that moved the tournament co-hosts into treble figures and seemingly in control of the run chase.

Monank was particularly impressive, hitting a classy half-century to give his side hope, putting on 68 in a crucial stand with Gous.However, Pakistan’s four-pronged pace attack hit back, removing both set batters to set up a nervy finale.
Haris Rauf cleaned up Gous (35 from 26) to get the crucial breakthrough. And, an over later, Mohammad Amir had the excellent Patel caught behind for 50 from 38 to give Pakistan hope.

A classic display of death bowling seemed to have put Pakistan on the brink of victory despite a fine knock from Aaron Jones (36* from 26).But USA banged 11 runs off the final three deliveries of the innings, with Nitish Kumar slamming the last ball for four to force a Super Over and send the home crowd delirious in Dallas.

Earlier, a recovery partnership between Babar Azam (44 from 43) and Shadab Khan (40 from 25) helped Pakistan recover from the loss of early wickets, before some big late hits from Shaheen Shah Afridi boosted the first-innings total to 159/7 after 20 overs.

Nosthush Kenjige (3/30 from 4) and Saurabh Netravalkar (2/18 from 4) led the way with the ball for the tournament co-hosts, who have given their batters a chance against one of Group A’s big two.

Tournament hosts USA won the toss, with captain Monak Patel opting to bowl first at the Grand Prairie Stadium in Dallas.
Pakistan skipper Babar Azam also revealed he would have opted to bowl first in “Test match conditions”, and his assessment was borne out in a tricky start to his team’s innings.

Mohammad Rizwan (9) was removed by a stunning catch in the second over, with Usman Khan (3) holing out seven balls later and Fakhar Zaman departing for 11 to leave Pakistan in a spot of bother.
Babar and Shadab led the rebuild as Pakistan moved towards a competitive total. But the momentum swung back in the favour of USA as Nosthush Kenjige took two in two balls to dismiss the well-set Shadab (40 from 25) and Azam Khan (0) with a first-baller.

Babar’s anchoring innings came to an abrupt end when he was trapped lbw by Jasdeep Singh for 44 – a total that saw him become the leading run-scorer in the history of men’s T20 Internationals.
But Pakistan accelerated at the back end through Iftikhar Ahmed (18 from 14) and Shaheen Shah Afridi (23 from 16) to boost their total to 159/7 and give their talented bowling line-up a decent total to defend….not quite decent enough as it turned out.

Pakistan’s build-up had been disrupted by weather, both during their rain-affected series in England and also since arriving in Texas. But this result ranks as their most disappointing ever at major ICC events.
Pakistan next will take on India in a huge match in New York on Sunday.

PM to meet Chinese leadership, attend MoUs signing ceremony today

0

BEIJING, Jun 07 (APP): Prime Minister Muhammad Shehbaz Sharif will meet the top political leadership of China today to discuss bilateral ties and the ways to strengthen cooperation.

The prime minister, who is on a five-day visit to China, will hold meetings with Chinese President Xi Jinping and his Chinese counterpart, Premier Li Qiang

He will also have a meeting with National People’s Congress Standing Committee Chairman Zahao Liji.

The Chinese political leadership will hold a reception in the honor of Prime Minister Shehbaz.

The prime minister will attend the signing ceremony of MoUs between China and Pakistan on cooperation in various fields.

Filipino conjoined twins successfully separated at KASCH in Riyadh

0
Filpino

ISLAMABAD, June 06 (APP): Filipino conjoined twins Ayeesha and Akhizah were successfully separated in a remarkable medical milestone at the King Abdullah Specialized Children’s Hospital (KASCH) in Riyadh on Thursday.

The complex procedure, carried out under the directives of the Kingdom’s leadership, was led by the esteemed Dr Abdullah Al Rabeeah, Supervisor General of the King Salman Humanitarian Aid and Relief Centre (KSrelief) and a distinguished pediatric surgeon.

A team of over 20 medical professionals participated in the five-hour surgery, which was meticulously divided into five stages. One of the primary challenges was the twins’ shared liver. Dr Al Rabeeah’s expertise and the unwavering dedication of the entire medical team, proceeded the operation smoothly.

Post-surgery, the medical team is closely monitoring the twins’ recovery, and the outlook for their long-term health is positive. Dr Al Rabeeah expressed his gratitude and pride in the collaborative effort, stating, “This success is a testament to the dedication and skill of our medical team and the unwavering support of the Kingdom’s leadership. It brings us immense joy to see these children given a chance for a better life.”

The Saudi conjoined twins programme, established in 1990, has become a symbol of hope for families worldwide. This latest achievement not only highlights the Kingdom’s advanced medical capabilities but also underscores its commitment to humanitarian aid and medical excellence on a global scale. To date, the programme has reviewed cases of 136 twins from 26 countries and, with the successful separation of Ayeesha and Akhizah, has now accomplished the separation of sixty-one pairs of conjoined twins.

The success of this surgery reaffirms the Kingdom’s position as a leader in medical innovation and humanitarian efforts, offering a beacon of hope to families facing similar challenges worldwide.

President stresses for strengthening food safety systems

0
President Zardari
ISLAMABAD, Jun 6 (APP): President Asif Ali Zardari has stressed the need to strengthen the country’s food safety systems to ensure that everyone has access to safe, clean, and nutritious food.
In his message, on the occasion of World Food Safety Day, he said “The day reminds us of the need to strengthen food safety regulations and standards that govern the production, processing, and distribution of food. We can minimize the risk of food contamination and adulteration and ensure food safety by ensuring strict compliance with these standards”.
He said the Day is being observed today to catalyze momentum for the alignment of governmental policies and stakeholder actions to ensure food safety.
Pakistan, he said also needs to invest in research and innovation and utilize the latest technology to address food safety challenges.
Modern tools can enable us to identify potential hazards accurately, allowing for more targeted and effective interventions to protect public health. “We also need to create awareness among the people about food safety, and clean and hygienic food through the media.”
This World Food Safety Day highlights the importance of realizing that food safety is a shared responsibility requiring the collective efforts of all stakeholders. We need to adhere to the highest food safety standards for the well-being of our nation.
In today’s world, where food-borne diseases and global pandemics are becoming more prevalent, the urgency to take proactive measures to emphasize proper hygiene and protect our food system has never been greater.
This year’s theme “Food Safety: Prepare for the Unexpected” serves as a reminder of the ever-present challenges and uncertainties we face in ensuring the safety of our food supply, he added.
Preparing for the unexpected requires anticipating potential risks and vulnerabilities in the food chain and implementing robust measures to mitigate them. It also entails investing in food surveillance systems, strengthening relevant laboratories, and improving emergency response mechanisms to detect and contain food safety threats before they escalate into crises, the president said.
Additionally, he said promoting best agricultural practices can help reduce the likelihood of food-borne diseases and improve the quality of our food supply.

PakSat MM1 reaches its earth orbit on June 05: SUPARCO

0
SUPARCO
ISLAMABAD, Jun 06 (APP): Pakistan’s second communication satellite, PakSat MM1, launched on May 30 by Pakistan’s National Space Agency SUPARCO, has reached its earth orbit on June 05.
According to the Spokesperson of Pakistan Space and Upper Atmosphere Commission (SUPARCO),  PakSat MM1 is located at an altitude of 38,786 km above the earth.
The satellite is in earth orbit at 38.2 East .
The five-tonne PakSat MM1 is equipped with the latest communication equipment which would help provide the fastest internet facility in the country.
After reaching the orbit, the solar panels of the satellite have started functioning.
Various tests will be performed on the satellite to check the condition of the satellite in orbit, the spokesperson said.

Pakistan embassy to establish camp office in Luxembourg on June 22

0

BRUSSELS, Jun 6 (APP): Embassy of Pakistan in Belgium will establish a camp office in Luxembourg on June 22 to provide consular services to all Pakistanis and Foreigners.

The services to be provided in the camp office include attestation of power of attorney/affidavits, attestation of documents, and issuance of S1 forms.