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Rupee gains 19 paisa against Dollar

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NNPS Desk
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dollar

ISLAMABAD, Jun 7 (APP): Pakistan Rupee on Friday gained 19 paisa against the US Dollar in the interbank trading and closed at Rs 278.20 against the previous day’s closing at Rs 278.39.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market, however, were Rs 277.75 and Rs 280.5 respectively.

The price of the Euro increased by 23 paisa to close at Rs 302.95 against the last day’s closing of Rs 302.72, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs 1.78, whereas an increase of 18 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs 356.04 as compared to the last day’s closing of Rs 355.86.

The exchange rate of the Emirates Dirham and the Saudi Riyal decreased by 05 paisa each to close at Rs 75.74 and Rs 74.17.

Sacrificial animals’ prices skyrocket in Sukkur

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NNPS Desk
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Sacrificial animals

SUKKUR, Jun 07 (APP): With only nine days remaining in the second Muslim religious festival Eid-ul-Azha, the prices of the sacrificial animals are registering an upward trend as a sacrifice this year seems merely a dream for many salaried and middle-class families. A market survey conducted by this scribe here Friday, revealed that this year the prices of sacrificial animals have gone double as compared to that of last year.

Many of the retired and serving government employees seem unable to perform the important religious obligation this time because sacrificial animals are beyond their purchasing power, “Riaz Ahmed Samo, a retired government employee said.

A buffalo and cow are now being sold for Rs.400,000 – 600,000 in the different localities of Sukkur. “The total sale of sacrificial animals these days is around 50 against 300 cattle last year,” said a businessman of cattle Muhammad Naeem.

He said he has so far received about 500 cattle from Punjab and Sindh provinces and I expect more from other provinces as Eid-ul- Azha become closer. These days, he said, most of the buyers just come, ask about prices and then return empty hands, he remarked.

“The prices of ox and goats are higher here than in Punjab and Upper Sindh,” Muhammad Naeem said. He said that he refused the offer of Rs 280,000 for his ox named “Hera” as he was demanding Rs 350,000 for it at Ali Wahan area of Sukkur.

He, however, said sometimes they are suffering financial losses when their cattle were not sold during Eid-ul-Azha days or die due to very hot weather. However, middle-class circles feared that due to the high prices of other commodities, the rates of sacrificial animals would also remain out of reach of the general public.

Traders expressed the hope that sales will gain momentum in the coming days as Sukkur city dwellers, which have difficulties in keeping the animals in their yards, will start visiting the markets.

The district administration has allotted an open space for the establishment of sacrificial animals “Mandi” for Eid-ul-Azha. “Mandi” in Sukkur is being established outside of bypass road Sukkur. The sellers are demanding high prices for the animals because they have a lot of time in extreme heatwave to wait for the customers ready to pay their desired prices.

Excise police foil drug smuggling bid

By
Waseem Iqbal
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Excise
PESHAWAR, Jun 07 (APP): The Excise Taxation and Narcotics Control Department has foiled a bid to smuggle narcotics and arrested three accused during an action at Nowshera-Peshawar GT Road here on Friday.
According to the department, a team from the Ajab Bagh check post. Mardan Region Excise Police stopped a suspicious vehicle with registration number BW 954 and upon searching the vehicle, 120 kilograms of hashish and 1000 grams of ice-drug were recovered, valued at millions of rupees.
The police also arrested three suspects involved in the drug smuggling including Sadiq Hayat, son of Niaz Mir, resident of Zarinabad Chamkani; Zubair Khan, son of Sartaj, resident of Daman Korona Mata Mughal Khel Sadar Ghari Shabqadar; and Gul Khatar, son of Hukum Baz, resident of ShahKas Jamrud.
A case has been registered against the accused at the Mardan Region Excise Police Station for further investigation and legal action.
Crackdown against drug dealers is continuing in light of special directives from Secretary Excise Syed Fayyaz Ali Shah and Director General Excise Ahmad Zaib.

ICT admin to set up 24/7 control room for cleanliness during Eid

By
Waseem Iqbal
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0
ISLAMABAD, Jun 07 (APP):Chief Commissioner Islamabad Muhammad Ali Randhawa on Friday chaired a meeting to streamline the operation of cattle markets and maintain cleanliness across the city.
According to the details issued by the spokesman of the Chief Commissioner Office, Nouman Nazim the meeting reviewed preparation for Eid ul Azha in the Federal Capital and it was attended by representatives from various sectors, focused on managing the expected influx of livestock and ensuring that hygiene standards remain high during the festive period.
A 24/7 Control Room will be set up to handle any complaints and issues that arise. This service aims to provide immediate assistance and solutions to residents during the busy days of Eid.
Additionally, biodegradable bags will be distributed to help manage waste more effectively.
An awareness campaign will be launched to inform citizens about the importance of using designated facilities and following guidelines to keep the city clean. This campaign will emphasise community cooperation and the collective effort needed to maintain a safe and hygienic environment.
Chief Commissioner Randhawa stressed the importance of community participation in the meeting. He urged residents to take advantage of the facilities provided and to follow the guidelines to ensure that everyone can enjoy a clean and safe Eid ul Azha.
By implementing these measures, the city administration aimed to create a smoother, cleaner experience for all during the festivities, the spokesman added.

Structural reforms vital for sustainable progress, says Dr Khaqan Najeeb

By
Waseem Iqbal
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Khaqan Najeeb
ISLAMABAD, Jun 7 (APP): Senior economist and public policy expert Dr Khaqan Najeeb on Friday emphasised an urgent need for comprehensive economic reforms to secure long-lasting benefits for Pakistan’s economy.
Speaking to a private news channel, Dr Najeeb said that focusing on structural economic reforms was essential for navigating the current crisis and achieving sustainable progress. He pointed out that while International Monetary Fund (IMF) engagement provides short-term stability and it does not address the fundamental issues of the economy.
He called for comprehensive economic and administrative reforms, including pension reforms and a critical review of subsidies in various sectors. He stressed the importance of widening the tax net and reducing wasteful government expenditures on inefficient state-owned enterprises.
He said that to improve revenue performance by reducing subsidies and expanding the tax base to include adequate taxation of land, assets and environmentally damaging activities was needed. “Incorporating property owners, large traders, and landowners into the tax net has become imperative,” he added.
Dr Najeeb praised the efforts of the Special Investment Facilitation Council (SIFC) but stressed that these efforts need to be accelerated. He urged the government to identify and promote promising projects to attract more foreign investment.

PPP asks KP CM to tender apology for derogatory remarks

By
NNPS Desk
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PPP

PESHAWAR, Jun 07 (APP): The Pakistan People’s Party (PPP) Peshawar city chapter has asked KP Chief Minister Ali Amin Khan Gandapur to tender apology for his derogatory remarks against PPP leadership and Governor KP Faisal Karim Kundi.

Addressing a press conference at press club here Friday, President PPP Peshawar City, Zulfikar Afghani warned the chief minister of derogatory language against their Party leadership. Otherwise, he said that they take streets against them including holding a demo in front of the Chief Minister’s House. Other PPP leaders present on the occasion were included Khawaja Yawar Naseer, Mohammad Adnan Jalil, Abidullah Khan Yousafzai, Malik Zulfikar Awan, Tahir Abbas, Munir Camrade, Riaz Khan and Junaid Khan.

The PPP stalwart criticized the PTI led provincial government for its poor governance for last 12 years, which has pushed the province to backwardness and lawlessness. He said that the PPP leadership had rendered unprecedented sacrifices for the restoration and strengthening of democracy, supremacy of law and constitution.

Rejecting the tirade of the Chief Minister Ali Amin Gandapur against PPP chairman, Bilawal Bhutto Zardari and KP Governor Faisal Karim Kundi, he said that soon after Eidul Azha, the former will visit the provincial metropolis and also address gatherings of the party workers.

Similarly, he said that KP Governor Faisal Karim Kundi is a devoted and popular political leader and has achieved several successes in the politics of hia native district D.I. Khan and has defeated his political rivals.

Encounter: accused wounded by firing of own accomplice

By
Waseem Iqbal
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0
Rajanpur Police
RAJANPUR, Jun 07 (APP): Police claimed the arrested accused was injured by firing of own accomplice during encounter.
The arrested alleged criminal named Asgar, son of Rasool Bukhsh, was booked with local police station in three cases of robbery and theft.
He was being taken away to hold recovery of stolen goods when five accomplices identified as Mitthu, Machi, Mamdan, Talat and Parvez opened fire on police team to release their fellow being under custody.
Police declared the injured accused was history sheeter and wanted in multiple cases.
Police retaliated with similar firing to get protection from the attackers. Two motorbikes were recovered from the crime Scene, it was said.
The wounded accused was shifted to hospital for treatment.

Nine drug peddlers, bootleggers netted with 4 kg charras, 40 liters liquor

By
Waseem Iqbal
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0
Arrest
RAWALPINDI, Jun 07 (APP):Rawalpindi police in an action against suspected drug peddlers, bootleggers and other lawbreakers here on Friday arrested nine accused besides recovering over four kg charras, 40 litres liquor and other items from their possession.
According to a police spokesman, Jatli police held Akram for having 1480 grams charras and Ali Raza with 10 litres liquor. Taxila police rounded up Jabir for possessing 1300 grams charras while Rawat police netted Israr with 706 grams charras.
New Town police arrested Muhammad Ali for having 600 grams charras and Bani police held Amjad on recovery of 550 grams charras.
New Town police also arrested Usman with 10 litres liquor, Rafaqat for having 10 liters liquor and another accused for possessing 10 litres liquor.
Separate cases have been registered against all accused while further investigations are underway.
City Police Officer, Rawalpindi had directed the police officers to accelerate ongoing operations against drug peddlers, bootleggers and other lawbreakers, he added.

Easypaisa enables in-app QR payments for sale, purchase of sacrificial animals on Eid-ul-Azha

By
NNPS Desk
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0
Easypaisa

ISLAMABAD, Jun 07 (APP): Easypaisa, is bringing ease and convenience to its users on the Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.

The initiative is part of the State Bank of Pakistan’s (SBP) QR code payment system under the Raast instant payment service, aimed at facilitating the public and traders alike during the sale and purchase of sacrificial animals said a news release.

Eid-ul-Azha generates a wealth of economic activity in the country each year, with around Rs. 376 billion worth of animals sacrificed last year.

Given the magnitude of transactions taking place during the Eid ul Azha time frame, easypaisa will enable customers to transact securely and conveniently through its in-app QR feature and support SBP in its mission to drive Pakistan’s digital financial space forward.

Through this feature, all easypaisa users, along with all digital banking app and wallet users can send and receive money seamlessly at selected cattle markets across the country.

To send money, users simply need to tap the scan code option on the home screen, scan the receiver’s QR code, and enter the amount to proceed with the transaction. Similarly, to receive payments, users can tap the scan code option on their easypaisa app home screen and tap on receive money through either a static or a dynamic QR code.

Commenting on this development, Shahmeer Nadeem, Head of Product Management, TMB/easypaisa, remarked, “We remain committed to SBP’s mission of making Pakistan a financially inclusive society through our unique and customer-centric product offerings. The instant QR payment mechanism is the need of the hour and helps digitize the otherwise cash-intensive cattle market transactions, and ensures that our users can enjoy a hassle-free transaction experience during the Eid-ul-Azha festivities.”

The State Bank of Pakistan has taken a proactive and diligent approach to spearheading the digitization of Pakistan’s financial landscape. Aligned with the regulator’s vision, easypaisa has consistently demonstrated its position as a frontrunner, leading the charge to transform the nation’s financial services sector.

With over 40 million registered mobile accounts and counting, easypaisa remains dedicated to its mission of transforming Pakistan into a financially inclusive society through the power of collaboration and technology.

NRKNA introduces comprehensive program to foster values-based education

By
NNPS Desk
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0
NRKNA

ISLAMABAD, Jun 7 (APP): In a landmark achievement, the National Rahmatul lil Aalameen Wa Khatamun Nabiyyin Authority (NRKNA) on Friday has unveiled Pakistan’s first-ever Character Education Curriculum, a revolutionary initiative designed to inspire students from Early Childhood Education (ECE) to Grade 12.

This collaborative effort with public and private organizations aims to cultivate a responsible and inclusive society, drawing inspiration from the teachings and legacy of Rasulullah (PBUH).

The launch event was attended by officials, including Federal Secretary for Education Mr Muhyuddin Wani, NRKNA Chairman Khurshid Ahmad Nadeem, DG Authority Zafar Malik and other prominent figures.

This comprehensive curriculum marks a significant step towards nurturing the minds and hearts of Pakistan’s future generations, empowering them to become compassionate leaders and responsible citizens. Let us celebrate this momentous achievement and look forward to a brighter future for the nation.

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