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

Web Desk 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.

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Daily Pakistan Global Web Desk

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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 February 7, 2022 (Tuesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279 282
Euro EUR 296.67 297.26
UK Pound Sterling GBP 331.71 332.41
U.A.E Dirham AED 74.8 75.1
Saudi Riyal SAR 73.21 73.51
Australian Dollar AUD 190.31 192.72
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.19
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 203,400 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs173,360.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 203,400 PKR 2,350
Karachi PKR 203,400 PKR 2,350
Islamabad PKR 203,400 PKR 2,350
Peshawar PKR 203,400 PKR 2,350
Quetta PKR 203,400 PKR 2,350
Sialkot PKR 203,400 PKR 2,350
Attock PKR 203,400 PKR 2,350
Gujranwala PKR 203,400 PKR 2,350
Jehlum PKR 203,400 PKR 2,350
Multan PKR 203,400 PKR 2,350
Bahawalpur PKR 203,400 PKR 2,350
Gujrat PKR 203,400 PKR 2,350
Nawabshah PKR 203,400 PKR 2,350
Chakwal PKR 203,400 PKR 2,350
Hyderabad PKR 203,400 PKR 2,350
Nowshehra PKR 203,400 PKR 2,350
Sargodha PKR 203,400 PKR 2,350
Faisalabad PKR 203,400 PKR 2,350
Mirpur PKR 203,400 PKR 2,350

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