ISLAMABAD – October 8 earthquake in Pakistan is remembered as one of the worst disasters in the region that killed around 75,000 people mostly in Azad Kashmir.
The 17th anniversary of the harrowing earthquake, that hit the northeast regions of the country, is being observed today on Saturday.
Seventeen years back on this day, at 8:50 am, an earthquake of magnitude 7.6 struck the Himalayan region of northern Pakistan and its surroundings. Muzaffarabad was the hardest hit, mainly because the epicentre of earthquake was just 19 kilometres (12 miles) to its northeast.
Thousands of buildings were collapsed with additional fatalities and destruction reported in neighboring India and Afghanistan, making the incident as one of the most destructive earthquakes in recent memory.
Around 19,000 children succumbed to the earthquake, most of them in widespread collapses of school buildings.
In addition, approximately 250,000 farm animals died due to the collapse of stone barns, and more than 500,000 large animals required immediate shelter from the harsh winter.
In Pakistan, survivors still carry the heart-wrenching memories of that day in their hearts while images and footages of earthquakes show a trail of death and destruction.
A majority of quake victims were from poor families living in small and dilapidated houses and buildings.
Later, huge relief efforts were made to recover bodies, reconstruct damaged highways and mountain roads, and made parts of the region accessible.
Tensions were not high between Pakistan and India at that time and in a display of goodwill, several crossing points were opened in the line of control to boost rescue efforts and the flow of relief goods.
The region of Azad Kashmir and its surroundings is located at the juncture of the Eurasian and Indian tectonic plates, which according to experts is vulnerable to intense seismic activity.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|