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CDNS realize Rs 1.6 trillion targets in fresh bond

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ISLAMABAD, Jun 10 (APP):The Central Directorate of National Savings (CDNS) has achieved a target of Rs1.6 trillion in fresh bonds and 85 percent of the annual target in the current fiscal year, from July 1 to May 31.
The National Savings has set an annual target of Rs 1.742 trillion for the year 2023-24, it is encouraging that 85 percent of the target has been achieved, and it is hoped that National Savings will surpass its annual target this FY 2023-24, the senior official of CDNS told APP on Monday.
The CDNS surpassed the annual target and achieved the target of Rs 1.6 trillion in fresh bonds in the current fiscal year, he said.
He said this was an Rs 200 billion additional annual target than the target of Rs 1300 billion for the previous financial year 2021-22.
The CDNS has set a reviewed saving target of Rs 1.4 trillion for the financial year (2021-22) which will promote savings culture in the country, he said. Given the current market trend in the country the ambitious target had been set to improve the savings culture further, he added.
The official said that work was being done on institutional reforms in CDNS and new reforms and innovations were being introduced. At this time Automated Teller Machine (ATM) has also been introduced in CDNS which will provide enough facilities to the users,” he added.
The official added that the directorate had set a target of Rs 75 billion for the new financial year 2023-24 for Islamic finance bonds. Replying to a question; he said the CDNS aimed to introduce new dimensions in the Islamic finance sector.
Islamic finance has a very important role in the global financial sector at this time and a large part of the economy of many major countries currently includes Islamic finance,” he added.

NCHD to provide basic education, healthcare to deserving communities:

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NCHD
SARGODHA, Jun 07 (APP): National Commission for Human Development is a not-for-profit organization with the mission to transform lives by improving access to basic education and healthcare in the country’s poorest communities.
Talking to APP here on Monday, Deputy Director NCHD Maher Umar Daraz Jhawari said that ministry of federal education, professional training declared National Commission for Human Development (NCHD) as lead agency in Pakistan for providing non-formal education and literacy.
The NCHD would make literacy centers in the underprivileged areas of the district with aimed at providing education to poor and BISP beneficiaries above the age of 17 youth to make them useful citizens, he said.
With nationwide network of 101 Human Development Support Units situated all over Pakistan and hands-on-experience, NCHD aimed at enlarging the scale and scope of the efforts made by the government in ensuring the effective provision of social services, the deputy director NCHD said.

PM attends Namaz-e-Janaza of Shaheed Captain Faraz Ilyas

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Rai Kalan, District Kasur: Prime Minister Muhammad Shehbaz Sharif offers the Namaz-e-Janazah for Captain Muhammad Faraz Ilyas who was martyred in Lakki Marwat.
LAHORE, Jun 10 (APP):Prime Minister Muhammad Shehbaz Sharif on Monday attended Namaz-e-Janaza of Shaheed Captain Faraz Ilyas in Kasur who was martyred in an improvised explosive device (IED) attack in District Lakki Marwat, Khyber Pakhtunkhwa.
The funeral prayer was attended by Minister for Information and Broadcasting Attaullah Tarar, IG Police Punjab and a number of senior military officers, civil authorities and residents.
PM attends Namaz-e-Janaza of Shaheed Captain Faraz Ilyas
The prime minister also met with the parents of shaheed captain and expressed condolences.
He announced to transform the native village of martyred officer as model village and renamed it as “Faraz Ilyas Shaheed”.
He told the parents that the sacrifice of their son would not go in vain and prayed for the bereaved family to bear the loss with fortitude.
PM attends Namaz-e-Janaza of Shaheed Captain Faraz Ilyas
Under the Quranic teachings, a shaheed had an elevated place in Jannah, he said, adding that a large number of Jawans of armed forces had laid down their lives for the motherland.
The prime minister said that the nation was proud of its brave sons and the coward terrorists could not succeed in shaking their strong resolve.
Separately, on X account, the prime minister said that he was deeply saddened by the martyrdom of Pak Army personnel including a captain in a targeted attack in District Lakki Marwat.
PM attends Namaz-e-Janaza of Shaheed Captain Faraz Ilyas
“The sacrifices of our brave soldiers and citizens is a debt on us that we must repay by relentlessly eliminating terrorism from our nation. Heartfelt condolences to the bereaved families,” he further posted.
The late captain was laid to rest with complete military honours. The prime minister offered Fateha at his grave and placed a flower wreath.
He also prayed for the high ranks of the departed soul.
PM attends Namaz-e-Janaza of Shaheed Captain Faraz Ilyas
Shaheed Captain Faraz Ilyas, 26-year-old, belonged to village Rai Kalan, Kasur who laid down his life valiantly while performing his duties in Lakki Marwat.

AUP holds training workshop on “Self-Assessment Document Preparation”

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PESHAWAR, Jun 10 (APP):Agricultural University Peshawar (AUP) arranged a one-day training workshop for heads of university departments and focal persons to review the effectiveness of quality assurance and accreditation bodies through the preparation of self-assessment documents.
The spokesman of the university said that the workshop was organized under the special instructions of Vice-Chancellor Professor Jehan Bakht and was conducted by Associate Professor Dr Khurram Nawaz Sadozai, Director of the Directorate of Quality Assurance (DQA).
The workshop was titled “Preparation of Self-Assessment for Review of Effectiveness of Quality Assurance and Accreditation Bodies.”
The purpose of the workshop was to guide the chairpersons, HODs, and their respective focal persons on the self-assessment process for preparing documents to effectively review educational programs for quality assurance and accreditation, which was one of the key components of the Higher Education Commission (HEC) quality assurance framework.
Director of Quality Assurance, Dr. Khurram Nawaz Sadozai, emphasized the importance of such workshops for the development of the university. He appreciated the interest of the participants in making the workshop successful and thanked the resource person and participants.
The workshop concluded with a question and answer session where the participants actively engaged and praised the training workshop for its usefulness.
Additional Director of Quality Assurance Muhammad Shahid, Deputy Director Muhammad Riaz Adil, Assistant Director Dr. Kamran Nawaz, and Superintendent Dr. Waqas made arrangements for the workshop.
 Former Dean of Agricultural University Peshawar and Swat, Professor (R) Dr. Farmanullah, was the resource person for the workshop. Also present on the occasion were Professor Dr. Idrees Khattak, Director of Teaching, Professor Dr. Muhammad Azeem Khan, and the heads of all departments (HODs).

Currency rates of NBP

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Foreign exchange rates
KARACHI, Jun 10 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday.
CURRENCY              SELLING          BUYING
USD                           281.34            275.32
GBP                           357.64             349.98
EUR                           302.43              296.51
JPY                            1.7906              1.7522
SAR                             75.02               73.41
AED                             76.60               75.47

Exchange rates for currency notes

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Exchange rates
KARACHI, Jun 10 (APP): CURRENCY          SELLING BUYING
USD            281.34275.32
GBP            357.64 349.98
EUR            302.43  296.51
JPY            1.79061.7522
SAR              75.02               73.41
AED              76.60   75.47
LIBOR
LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS
LIBOR 1M 5.44212
LIBOR 3M 5.59560
LIBOR 6M 5.69955
US DOLLAR Indicative FBP Rates
CURRENCY SIGHT/
15 DAYS1M2M 3M4M 5M 6M
USD275.63273.23268.57264.53260.22255.93252.17
EUR 296.48294.12289.52285.57281.36277.09273.41
GBP 350.39347.38341.50 336.43 331.01 325.60  320.89

NBP exchange rates

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NBP
KARACHI, Jun 10 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday the following exchange rates.
CURRENCY SYMBOL TT Selling TT Buying
U.S DOLLAR USD 278.60 278.10
EURO EUR 300.00            299.46
JAPANESE YEN JPY 1.7729 1.7697
BRITISH POUND GBP 354.10 353.47
SWISS FRANC CHF 310.57 310.01
CANADIAN DOLLAR CAD 202.27  201.90
AUSTRALIAN DOLAR AUD 183.54 183.21
SWEDISH KRONA SEK   26.47   26.43
NORWEGIAN KRONE NOK   25.96   25.91
DANISH KRONE DKK   40.14   40.07
NEWZEALAND DOLLAR NZD 170.05  169.74
SINGAPORE DOLLAR SGD 205.73  205.36
HONGKONG DOLLAR HKD   35.79    35.73
KOREAN WON KRW 0.2020             0.2017
CHINESE YUAN CNY   38.68    38.61
MALAYSIAN RINGGIT                 MYR   59.09      58.98
THAI BAHT THB     7.55        7.53
U.E.A DIRHAM AED   76.36               76.22
SAUDI RIYAL SAR   74.28      74.15
QATAR RIYAL QAR   76.32    76.18
KUWAITI DINAR KWD 907.77   906.14
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.1
GBP 355.8568
EUR 302.7953
JPY     1.7884
SETTLEMENT DATE: 12-06-2024

Foreign exchange rates

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Exchange rates

KARACHI, Jun 10 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday.

CONVERSION RATES FOR JUNE 10, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS)
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SBP SETTLEMENT VALUE DATE JUNE 12, 2024

USD 278.1000
GBP 355.8568
EUR 302.7953
JPY 1.7884

APP/as

India beat Pakistan in crunch T20 World Cup encounter

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ISLAMABAD, Jun 10 (APP):India outplayed Pakistan by six runs in the Group A encounter of the ICC Men’s T20 World Cup at the Nassau County International Cricket Stadium late Sunday.
The safe hands of Rishabh Pant and the combined bowling efforts of Jasprit Bumrah and Hardik Pandya got India a narrow but crucial win over Pakistan.
It was a victory that had looked reasonably unlikely when Pakistan made a solid start to their run chase of 120, sitting on 57/1 after ten overs having lost only Babar Azam.
They required only 63 runs from the remaining 60 balls – but five wickets fell in the second half of their innings, leaving them a tantalising seven runs short of their target.
Pakistan made one change from the team that played the USA and lost in a super over, with Imad Wasim in for Azam Khan, and India named the same line-up that beat Ireland.
The rain played havoc with the start of the match, delaying the toss and the first ball, and then forcing the teams from the pitch after the first over when the drizzle returned.
When they got back on to the field, the drama was all cricket-related. Virat Kohli fell early, slapping a wide ball from Naseem Shah straight into the hands of Usman Khan.
And fellow opener Rohit Sharma failed to make a real connection with a ball from Shaheen Shah Afridi, hitting directly to Haris Rauf at deep square leg, with India on 19/2.
Naseem got his second of the day bowling straight through Axar Patel, leaving India on 58/3 and Rishabh Pant at the crease with the responsibility of pushing the innings on – which he did with aplomb, using variety and innovation to create havoc.
He began to form a good partnership with Suryakumar Yadav who then skied a Rauf ball to Mohammad Amir for 7.
And Pant too fell for 42 when he hit Amir straight up into the air and to the hands of Babar Azam.
Ravindra Jadeja went next ball, caught by Imad Wasim, with India only reaching their century in the 16th over.
Hardik Pandya was the eighth man to go, flicking Rauf towards the leg-side and taken by Iftikhar Ahmed on the rope.
And for the second time in the innings, there was an opportunity for a hat-trick after Jasprit Bumrah played his first ball directly to Wasim in the slips, leaving India on 112/9 with 13 balls left in the innings.
It was all over when Arshdeep Singh was run out in the last ball of the penultimate over, courtesy of a great throw from Babar and a swift removal of the bails by Mohammad Rizwan.
It seemed to be a viable target, and Pakistan made a good start on their quest. Babar Azam went in the fifth over, caught brilliantly by Yadav in the slips off Bumrah, leaving his side on 26/1.
Rizwan and Usman Khan pushed on from there, making steady progress as they chased down the target, sitting at 57/1 at the halfway point – meaning they required only 63 runs from the remaining 60 balls.
India opted to review the umpire’s refusal to dismiss Usman lbw off the bowling of Axar Patel and HawkEye confirmed the delivery would have taken out leg stump.
And Fakhar Zaman, who had marked his arrival at the crease with a four and a six-edged Hardik Pandya high into the air, well taken by Pant.
The turning point was likely the dismissal of Rizwan for 31, bowled by a full ball from Bumrah at the start of the 15th over. It left Pakistan on 80/4 with an ever-increasing required run rate.
The safe hands of Pant were needed again to remove Shadab, who stepped across to meet a ball from Hardik and lofted his effort to the wicketkeeper’s gloves.
Arshdeep sprinted to catch Iftikhar off Bumrah – just about avoiding a collision with Yadav, also watching the ball and poised to pouch it himself, meaning Pakistan began the final over on 102/6.
And Arshdeep returned to the attack himself to conclude the innings, removing Imad Wasim thanks to another Pant catch. Pakistan ultimately fell seven runs short of what had seemed such an achievable target.

More than 270 people killed during Israeli operation in Gaza’s Nuseirat camp: UN

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UNITED NATIONS, Jun 10 (APP): The scenes of devastation witnessed in the aftermath of Israel’s massive military operation to release hostages from the Nuseirat refugee camp proves that each day the war continues “it only grows more horrific” the UN’s top humanitarian official said on Sunday.

At least 274 Palestinians were killed and 698 wounded in Israeli strikes on the Nuseirat refugee camp in central Gaza, the Palestinian health ministry said on Sunday, with the death toll sparking international outrage.

The Israeli military said its forces came under heavy fire during the daytime operation.

The European Union’s top diplomat, Josep Borrell, called it a “massacre”, while the UN’s aid chief described in graphic detail scenes of “shredded bodies on the ground”.

“Nuseirat refugee camp is the epicentre of the seismic trauma that civilians in Gaza continue to suffer, UN Emergency Relief Coordinator Martin Griffiths said in a post on X, calling for a ceasefire and the release of all hostages.

The bodies of 109 Palestinians including 23 children and 11 women were taken to al-Aqsa Martyrs hospital, which also treated more than 100 wounded, a spokesperson, Khalil Degran, said.

He also said more than 100 people killed in Israeli attacks had been taken to al-Awda hospital, with 210 victims in total. That figure was also given by the Hamas media office, but could not be verified.

Scores of hostages are believed to be held in densely populated areas or inside Hamas’ labyrinth of tunnels, making such operations extremely complex and risky, according to the UN. A similar raid in February rescued two hostages while leaving 74 Palestinians dead.

According to media reports, while Israelis celebrated their return, Palestinians in Gaza mourned the many dead, or watched over injured loved ones in the overcrowded al-Aqsa Martyrs hospital.

Borrell, in a post on X condemned “in the strongest terms … reports from Gaza of another massacre of civilians”. He called for a cease-fire and the release of all remaining hostages. “The bloodbath must end immediately,” he said.

As the war drags on into its ninth month, Israeli Prime Minister Benjamin Netanyahu has come under increasing international pressure to agree a cease-fire deal and domestic pressure to secure the return of all Israelis still held in Gaza

In his tweet, , UN Secretary-General Antonio Guterres said, “I renew my appeal for the immediate and unconditional release of all hostages and for an end to this war.”

Griffiths asserted that “all civilians must be protected. This collective agony can and must end now.”

“Seeing bloodied patients being treated on hospital floors, we are reminded that health-care in Gaza is hanging by a thread.”

Video from Al-Aqsa Hospital in the aftermath of the fighting and bombardment shows numerous casualties lying on the floor while the director of Al-Adwa Hospital in Nuseirat reported that no morgue is available at the hospital to house the bodies of the dead.

Meanwhile, Negotiations continue for a comprehensive cease-fire and hostage deal between Israel and Hamas but a United States-led proposal presented on 31 May has not been accepted by either side.