Pakistan hails adoption of its climate agenda at COP27 summit 

Web Desk 02:20 PM | 7 Nov, 2022
Pakistan hails adoption of its climate agenda at COP27 summit 
Source: UN Climate Change

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.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 264 266
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs203,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs174,810.

Likewise, 10 grams of 22k gold were being traded for Rs160,241 while a single tola of 22-karat gold was being sold at Rs 186,907.

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 203,900 PKR 2,100
Karachi PKR 203,900 PKR 2,100
Islamabad PKR 203,900 PKR 2,100
Peshawar PKR 203,900 PKR 2,100
Quetta PKR 203,900 PKR 2,100
Sialkot PKR 203,900 PKR 2,100
Attock PKR 203,900 PKR 2,100
Gujranwala PKR 203,900 PKR 2,100
Jehlum PKR 203,900 PKR 2,100
Multan PKR 203,900 PKR 2,100
Bahawalpur PKR 203,900 PKR 2,100
Gujrat PKR 203,900 PKR 2,100
Nawabshah PKR 203,900 PKR 2,100
Chakwal PKR 203,900 PKR 2,100
Hyderabad PKR 203,900 PKR 2,100
Nowshehra PKR 203,900 PKR 2,100
Sargodha PKR 203,900 PKR 2,100
Faisalabad PKR 203,900 PKR 2,100
Mirpur PKR 203,900 PKR 2,100


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