Geneva moot - Islamic Development Bank to mobilise $4.2b for climate change-hit Pakistan

06:43 PM | 9 Jan, 2023
Geneva moot - Islamic Development Bank to mobilise $4.2b for climate change-hit Pakistan
Source: Twitter

GENEVA – The Islamic Development Bank (IDB) on Monday pledged to finance an amount of $4.2 billion over the next three years to help Pakistan achieve climate resilience and development objectives.

IDB President Muhammad Al Jasser made the announcement in his address at the International Conference on Climate Resilient Pakistan in Geneva, co-hosted by Prime Minister Shehbaz Sharif and United Nationals Secretary General Antonio Guterres.  

He said this amount includes $600 million dollars of ordinary capital resources from the Islamic Development Bank (IDP).

On this occasion, Prime Minister Shehbaz Sharif thanked Islamic Development Bank's financing pledge saying it was very heartening and encouraging, state broadcaster reported. 

He assured that his government will leave no stone unturned to implement the reconstruction and rehabilitation plan in letter and spirit.

Daily Pakistan Global Web Desk


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08


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