ISLAMABAD – Pakistan on Monday praised the adoption of its proposal by the 2022 UN Climate Change Conference, COP27 summit, of a funding plan to help climate-affected countries cope with surging losses.
Climate negotiators agreed to start discussions on “Matters Relating to Funding Arrangements for Loss and Damage” at the opening session of the summit on Sunday, said Radio Pakistan.
The agreement to put funding to address “loss and damage” on the negotiating agenda came amid sustained pressure from Pakistan, which was hit by summer floods that covered a third of the country, and other vulnerable nations.
Pakistan had proposed the agenda item on behalf of the Group of 77 and China during inter-sessional work at Bonn, Germany in June.
“The agenda item on ‘loss and damage’ was the only one out of eight additional items proposed by various groups, which was adopted by consensus. All the rest were dropped due to lack of consensus.”
Pakistan’s ambassador to the UN, Munir Akram, said this was a recognition of the fact that countries like Pakistan, which confront climate-induced disasters, should not be left to fend for themselves.
Unprecedented floods, blamed on climate change, this year killed more than 1,700 people and affected 33 million in Pakistan, causing the South Asian country more than $30 billion in damages.
Prime Minister Shehbaz Sharif also arrived in Egypt on Sunday to attend the COP27 summit, Pakistan’s foreign office said, seeking “climate justice” for the South Asian nation.
The summit kicked off Sunday in the Red Sea resort of Sharm el-Sheikh after a year of extreme weather disasters that have fueled calls for wealthy industrialized nations to compensate poorer countries.
Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.
US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293.2 for buying and 296.2 for selling while British Pound hovers at 339.5 for buying, and 343 for selling.
UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.25.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293.2 | 296.2 |
UK Pound Sterling | GBP | 339.5 | 343 |
U.A.E Dirham | AED | 75 | 75.8 |
Saudi Riyal | SAR | 73.25 | 73.95 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.55 | 748.55 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.47 | 38.87 |
Danish Krone | DKK | 39.78 | 40.18 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.11 | 912.11 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.61 | 25.91 |
Omani Riyal | OMR | 723.2 | 731.2 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.47 | 307.97 |
Thai Bhat | THB | 7.56 | 7.71 |
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