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‘Pakistan standing at crossroads, PM Shehbaz says as flood-hit country seeking $16bn for recovery

Web Desk 01:14 PM | 9 Jan, 2023
‘Pakistan standing at crossroads, PM Shehbaz says as flood-hit country seeking $16bn for recovery
Source: Screengrab

Prime Minister Shehbaz Sharif apprised the world that Pakistan was standing at a crossroads as he urged the international community to meet the demand required for rehabilitation purposes.

Addressing the inaugural session of International Conference on Climate Resilient Infrastructure in Geneva on Monday, Prime Minister Shehbaz Sharif said that the world was standing at a 'turning point of history'.

He said the current dilemma demands clarity on survival and maintaining our bodies, dignity, and honour by moving forward with a sense of purpose. PM said the world is racing against time.

Recalling the worst monsoon in recent years, PM said the disaster affected 30 million people, displaced more than 8 million and washed away infrastructure on thousands of kilometres. 

He commended support by the United Nations, Asian Development Bank, International Monetary Fund and several other international organisations.

We have learned that nothing can go back to business as usual, PM said. emphasizing the impact of floods that hit Pakistan last year.

The Prime Minister said Pakistani government has prepared a comprehensive framework for recovery, rehabilitation, and reconstruction with resilience which reflects priorities for recovery and reconstruction, and mentioned over 16 billion dollars is needed.

PM added that the funding gap for minimum recovery is $8billion dollars which will be needed over the next three years. He said together we have to rebuild the lives and dreams of flood ravaged people, adding that the international community's solidarity and long-term support for South Asia nation will make a difference at this critical juncture.

He stressed solidarity and vision to ensure the world's transition to a sustainable future not on papers but on the ground.

More to follow...

Web Desk
Web Desk

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 02, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

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 207,100 PKR 2,420
Karachi PKR 207,100 PKR 2,420
Islamabad PKR 207,100 PKR 2,420
Peshawar PKR 207,100 PKR 2,420
Quetta PKR 207,100 PKR 2,420
Sialkot PKR 207,100 PKR 2,420
Attock PKR 207,100 PKR 2,420
Gujranwala PKR 207,100 PKR 2,420
Jehlum PKR 207,100 PKR 2,420
Multan PKR 207,100 PKR 2,420
Bahawalpur PKR 207,100 PKR 2,420
Gujrat PKR 207,100 PKR 2,420
Nawabshah PKR 207,100 PKR 2,420
Chakwal PKR 207,100 PKR 2,420
Hyderabad PKR 207,100 PKR 2,420
Nowshehra PKR 207,100 PKR 2,420
Sargodha PKR 207,100 PKR 2,420
Faisalabad PKR 207,100 PKR 2,420
Mirpur PKR 207,100 PKR 2,420

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