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Death toll Bahawalpur oil tanker fire reaches 197

Sarfraz Ali 12:35 PM | 2 Jul, 2017
Death toll Bahawalpur oil tanker fire reaches 197
LAHORE - The death toll from the ill-fated Ahmedpur East oil tanker fire victims rose to 197 as two more injured succumbed to burn injuries in Jinnah Hospital Lahore on Sunday.

According to focal person Dr Amir Mahmood, so far eight people succumbed to burn wounds at Jinnah Hospital Lahore.

Total 27 injured were shifted to Jinnah Hospital on June 27. Five of the 27 patients passed away the very next day. "Currently, 14 people are being treated at the hospital out of which six are reported to be critical", Dr Amir added.

Authorities said around 80 injured are still being treatment at Bahawal Victoria Hospital Bahawalpur, Jinnah Hospital Lahore and Combined Military Hospital (CMH), of which 39 are stated to be in critical condition.

26 deceased have been identified so far and their families have been given compensation of Rs2 million each by the provincial government. Around 125 were laid to rest in a mass grave according to their DNA tests in a graveyard near their native place.

An initial inquiry carried out into the incident held the motorway police officers responsible for failing to cordon off the area where leaked oil spread after spilling from an overturned tanker.

Earlier, police had registered a case against the owner, driver, and manager of the oil tanker that caused at least 157 deaths and injured over 100 others.

The owner of Lakki Marwat Group’s oil tanker Haji Hasnain, Manager Khalid Razzaq, and driver Gul Muhammad have been nominated in the FIR. The case was registered on the complaint of a victim family under sections 109, 279, 322, 337, 427, and 435 of Pakistan Penal Code.

At least 157 people were burnt to death and dozens of others injured after an overturned oil tanker caught fire near Ahmed Pur Sharqia in the eastern city of Bahawalpur the day before Eidul Fitr.

Sarfraz Ali
Sarfraz Ali

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

https://en.dailypakistan.com.pk/01-Jun-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-june-1-2023

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125

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