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World Bank approves additional $1 billion for Dasu Hydropower Project

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ISLAMABAD, Jun 11 (APP):In what can be termed a significant development for much-needed financing to generate clean, green, and economically affordable hydel electricity in Pakistan, the World Bank has approved additional financing to the tune of $ 1 billion for Dasu Hydropower Project, being constructed by WAPDA on River Indus.
This is the single largest financial facility provided by the World Bank for a project in Pakistan, said a press release issued on Tuesday.
This facility comprises concessional financing through the World Bank arms of IDA and IBRD.
Approval to this effect was accorded by the World Bank in its meeting. This additional financing by the World Bank reflects the trust the Bank reposes in WAPDA’s financial strength and professional expertise for the successful implementation of mega projects in the Water and Hydropower sectors.
It is important to note that the World Bank is already providing financial support of US$ 588 million and a partial credit guarantee of US$ 460 million for the construction of the Dasu Hydropower Project.
At present, WAPDA is constructing eight mega projects worth US$ 26 billion to add 9.7 million feet (MAF) to the water storage and double its hydel generation capacity from 9,500 to 20,000 megawatt (MW) during the next five years.
WAPDA has devised an innovative financial strategy for the construction of these projects with less reliance on the national exchequer by exploiting its own financial strength. Dasu is one of these under-construction projects.
The 4320 MW-Dasu Hydropower Project is being constructed on the River Indus, upstream of Dasu Town in the Upper Kohistan District of Khyber Pakhtunkhwa Province. The Project is planned to be completed in two stages – each stage having a generation capacity of 2160 MW.
At present, WAPDA is constructing Stage-I of the Project. After the successful diversion of the River Indus last year, construction work is continuing simultaneously on key sites of the Project. Stage-I of the Dasu Hydropower Project will start electricity generation in 2026. It will contribute 12 billion units per annum to the National Grid.
Stage-II will also provide another 9 billion units to the system every year.

Partly cloudy weather forecast for city

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Partly cloudy weather
BAHAWALPUR, Jun 11 (APP):The local Met Office has forecast dry to partly cloudy weather for the city for the next 24 hours.
The highest temperature of 44 centigrade and the lowest temperature of 31 centigrade were recorded during the last 24 hours.
The dry to partly cloudy weather has also been forecast for the rest of the region.

ANF recovers 57 kg drugs in three operations

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ANF
RAWALPINDI, Jun 11 (APP): Anti-Narcotics Force (ANF) while conducting three operations across the country managed to recover 57 kg drugs and arrested two accused, said an ANF Headquarters spokesman here on Tuesday.
He said that 6.2 kg ice was recovered from a parcel sent to Australia from the DHL office in Sialkot.
3 kg intoxicated tablets were recovered from a passenger going to Saudi Arabia at Lahore Airport.
48 kg hashish was recovered from an accused arrested on GT Road Peshawar.
Cases have been registered against the accused and further investigations are under process.

Pak team departs for Russia to feature in BRICS Games

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BRICS Games
ISLAMABAD, Jun 11 (APP): A 7-member Pakistan athletics team has departed for Russia to participate in the Brics Games being held in Kazan from June 12 to 17.
According to Athletics Federation of Pakistan President, Brig (R) Wajahat Hussain, the team includes five athletes and two officials.
The athletes are Shajar Abbas (100m and 200m races), Gohar Shahbaz (100m race), Abdul Muheed (400m race), Sohail Amir (1500m and 5000m races), and Abdul Qadir Khan Marwat (javelin throw).
The team will be accompanied by Manager Imdadullah Memon and Coach Rana Sajjad Ahmed Khan.
Hussain expressed hope that the national team will perform outstandingly in the event.
This is a great opportunity for Pakistan’s athletes to showcase their talent and bring laurels to the country.
The BRICS Games is a prestigious international sporting event that brings together athletes from all over the world.

Currency rates of NBP

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NBP
KARACHI, Jun 11 (APP): Following are the selling/buying
rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday.
CURRENCY              SELLING          BUYING
USD                               281.34               275.47
GBP                               358.37               350.84
EUR                               302.96               297.18
JPY                                1.7897               1.7522
SAR                                 75.02                73.45
AED                                76.60                75.50

CS for launching awareness campaign to keep airport surrounding clean form animal offal

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animal
PESHAWAR, Jun 11 (APP): Chief Secretary Khyber Pakhtunkhwa Nadeem Aslam Chaudhary has underlined the need for taking concert measures to mitigate the risks posed by birds, kite flying, and high laser beams near airports.
Presiding over a meeting of the Bird Hazard Control Committee here, the Chief Secretary (CS) directed a mass awareness campaign to educate people about the proper disposal of animal offal and waste during Eid ul Azha at the designated places to protect airports and human lives from any risk posed by birds, kite flying, and high laser beams near airports.
The meeting decided to impose a ban on the use of high laser beams in Peshawar, Mardan, Nowshera, and Kohat while special measures were also directed to be taken for cleaning the surroundings of airports during Eid al-Azha, including the disposal of animal waste.
The meeting was attended by Air Vice Marshal Sajjad Nouri, Additional Chief Secretaries, Commissioners, Deputy Commissioners, and other relevant officials from the Air Force, Police, and Civil Aviation.
The purpose of the meeting was to discuss measures to mitigate the risks posed by birds, kite flying, and high laser beams near airports.
The CS said that birds flying near airports, aerial firing, and kite flying can cause aviation accidents, resulting in damage to the national treasury.
He issued directives to the relevant authorities to take strict action to prevent kite flying, garbage disposal, the use of laser beams, and aerial firing around airports.
Air Vice Marshal Sajjad Nouri informed the meeting that birds often collide with aircraft during takeoff, causing damage to the planes.
He emphasized the need for further measures to address this issue.

Pakistan team departs to Tajikistan for FIFA WC qualifier

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ISLAMABAD, Jun 11 (APP):The Pakistan national football team has departed for Tajikistan on a special Pakistan Air Force plane from Nur Khan Air Base.
The team’s flight schedule was affected twice due to technical issues, but they have finally departed for Dushanbe. Pakistan is set to play against Tajikistan in the FIFA World Cup 2026 qualifiers round 2 match today at 8 pm Pakistan time.

EXCHANGE RATES FOR CURRENCY NOTES

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Exchange rates
KARACHI, Jun 11 (APP): CURRENCY          SELLING BUYING
USD            281.34275.47
GBP            358.37 350.84
EUR            302.96  297.18
JPY            1.78971.7522
SAR              75.02               73.45
AED              76.60   75.50
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
USD275.78273.39268.71264.68260.37256.07252.29
EUR 297.16294.84290.17286.24282.00277.73274.02
GBP 351.26348.25342.34 337.28 331.83 326.40  321.65

Currency rates of NBP

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KERB
KARACHI, Jun 11 (APP): Following are the selling/buying
rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday.
CURRENCY              SELLING          BUYING
USD                               281.34               275.47
GBP                               358.37               350.84
EUR                               302.96               297.18
JPY                                1.7897               1.7522
SAR                                 75.02                73.45
AED                                76.60                75.50

NBP exchange rates

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NBP Exchange Rates
KARACHI, Jun 11 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday the following exchange rates.
CURRENCY                   SYMBOL        TT Selling         TT Buying
U.S DOLLAR                    USD             278.75             278.25
EURO                              EUR             300.52             299.98
JAPANESE YEN                 JPY              1.7719             1.7688
BRITISH POUND              GBP              354.82             354.18
SWISS FRANC                 CHF              310.66              310.10
CANADIAN DOLLAR          CAD             202.36              202.00
AUSTRALIAN DOLAR         AUD             183.71              183.39
SWEDISH KRONA             SEK               26.71                26.66
NORWEGIAN KRONE         NOK              26.16                 26.11
DANISH KRONE                DKK              40.22                 40.14
NEWZEALAND DOLLAR      NZD             170.50               170.19
SINGAPORE DOLLAR         SGD             205.94               205.57
HONGKONG DOLLAR         HKD               35.81                35.74
KOREAN WON                   KRW            0.2023               0.2019
CHINESE YUAN                  CNY              38.71                 38.64
MALAYSIAN RINGGIT         MYR               59.01                 58.90
THAI BAHT                        THB                7.58                   7.57
U.E.A DIRHAM                   AED                76.37                76.23
SAUDI RIYAL                     SAR                 74.28                74.14
QATAR RIYAL                     QAR                 76.42                76.28
KUWAITI DINAR                 KWD               908.10               906.47
CONVERSION RATE FOR FROZEN FCY DEPOSITS
USD 278.25
GBP 353.8784
EUR 299.3414
JPY     1.7718
SETTLEMENT DATE: 13-06-2024