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President Alvi calls for reducing political polarisation to achieve economic stability in Pakistan

09:40 AM | 9 Dec, 2022
President Alvi calls for reducing political polarisation to achieve economic stability in Pakistan
Source: File photo

ISLAMABAD – President Dr Arif Alvi has called upon all the politicians to commit themselves to democratic means of negotiations, consultations and deliberations to achieve consensus on issues confronting the nation and reduce political polarisation to achieve financial and economic stability in the country.

Addressing the concluding session of Islamabad Conclave-2022, titled “75 Years of Independence: Achieving Comprehensive National Security”, in Islamabad, the president said that the armed forces were committed to performing their mandated functions as per the constitution.

The president said that in the past the superpowers adopted the doctrine of mutually assured destruction, which diverted resources of the world towards meeting and developing more lethal weapon systems.

Dr Alvi added that even if a fraction of these resources had been diverted towards poverty and hunger then it could have been eliminated as well as the effects of climate change could have been mitigated.

He added that democracy, military defence, information and communication security, and economic independence were essential elements for a comprehensive defence of the country.

He said that the Constitution of Pakistan safeguarded the rights of all citizens equally irrespective of their social status, wealth or influence. He said that justice should be served promptly and cheaply without any discrimination which would help the country to move forward on a fast-track basis.

Dr Alvi stated that Pakistan acquired nuclear deterrence, which provided the country relief and a credible defence system for 20 to 30 years but with the advent of cyber security, the entire defence system paradigm had changed. He went on to say that concrete steps should be taken to protect national assets from cyber security attacks, and that a system should be put in place to counter any future cyber-attacks in the country.

The president stated that the country’s higher education institutions should avoid refusing admission to students in the country’s major institutions, and that all aspiring students should be admitted in order to increase the number of people with a higher education.

Talking about population control, President Alvi said that there was a need to remove taboos attached to the preventive methods of population control and ensure the availability of contraceptives.

The Director General of ISSI, Ambassador (retd) Aizaz Ahmed Chaudhary, briefed the participants about the issues discussed at the conclave.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 4 March 2024

Pakistani rupee remains stable against US dollar in the open market on March 4, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan - 4 March 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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