LAHORE - The Bank of Punjab (BOP) has once again been at the forefront of carrying out flood relief activities as it solemnly believes that it’s mandatory for each and every citizen of the country to be actively involved in the rebuilding and rehabilitation of our flood affected brothers and sisters.
The bank recently launched its employee volunteering program called BOPMadadgar which has been designed to give our employees an opportunity to participate in uplifting society and doing good for the public at large.
BOP, under the flag of BOPMadadgar, is constructing permanent basic shelters using eco-friendly building materials in flood-affected areas. These shelters are durable and have inherent climate-resilient properties, enabling them to withstand flooding. Additionally, these shelters are extremely low cost, easy to construct, and with virtually zero carbon footprint. The houses have the flexibility of being disassembled and moved for making permanent construction.
BOP raised over Rs. 3 billion in various flood relief funds which is probably the highest amount any bank collected from the general public.
Mr Zafar Masud, President & CEO – of BOP, along with senior members of the management recently visited the campsite of BOPMadadgar’s maiden flood relief activities in Rojhan city. The President oversaw the construction activities being done for the flood affectees. He met the BOPMadadgar team along with artisans involved in the construction work. He also met the flood-affected families which have shifted to the shelters provided by the bank.
The local administration has identified 25 families who are being provided shelter homes through the BOPMadadgar Program. The staff volunteers, from D.G. Khan and Multan, after being provided with necessary training by artisans from Heritage Foundation are constructing the shelters in Rojhan.
The bank is also supporting the construction of zero-carbon shelters in Pono village of Mirpurkhas, Sindh for which the work was started before the flooding. The houses built with the support of BOP withstood the floods and provided shelters to people who lost their homes. Due to the efforts of the bank, the local villagers now refer to their village as BOP Pono village.
Speaking at the occasion, Mr Zafar Masud said, “Today, we have come to Rojhan city for the inaugural project of BOPMadadgar. BOP’s branch in the city has also been damaged but the staff is present today to support the flood affectees.”
He further added, “BOP will further expand its rehabilitation activities in other provinces of the country. I’m thankful to the artisans of the Heritage Foundation for coming all the way from Karachi to participate and train our staff and local population in the construction work. BOP will further expand the scope of this campsite by providing healthcare facilities, the Dastarkhwan project, etc. The members of the 25 families have also participated in the construction of shelters so that they can help others in building similar shelters and earn livelihoods as well. Overall, it has been an emotional, yet rewarding, experience for all of us at BOP.”
KARACHI – The Pakistani rupee continued its positive trajectory against the US dollar in the interbank market on Thursday with the local currency’s recovery relating to crackdown launched against hoarders and outflows of the foreign currency through unlawful means.
During the intraday trading, PKR moved up against the USD, and hovered at 287.73, with an increase of Rs1.04, in the interbank market.
Yesterday, the Pakistani rupee appreciated 0.36pc to settle at 288.75.
Last week, the government said a crackdown to prevent cross-border smuggling was initiated across Pakistan. The country’s central bank also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions.
The SBP also introduced structural reforms in the exchange companies’ sector to provide better services and to ensure a transparent system.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,600 on Thursday.
The price of 10 grams of 24k gold was recorded at Rs 177,700. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
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.
|Lahore||PKR 202,600||PKR 2,495|
|Karachi||PKR 202,600||PKR 2,495|
|Islamabad||PKR 202,600||PKR 2,495|
|Peshawar||PKR 202,600||PKR 2,495|
|Quetta||PKR 202,600||PKR 2,495|
|Sialkot||PKR 202,600||PKR 2,495|
|Attock||PKR 202,600||PKR 2,495|
|Gujranwala||PKR 202,600||PKR 2,495|
|Jehlum||PKR 202,600||PKR 2,495|
|Multan||PKR 202,600||PKR 2,495|
|Bahawalpur||PKR 202,600||PKR 2,495|
|Gujrat||PKR 202,600||PKR 2,495|
|Nawabshah||PKR 202,600||PKR 2,495|
|Chakwal||PKR 202,600||PKR 2,495|
|Hyderabad||PKR 202,600||PKR 2,495|
|Nowshehra||PKR 202,600||PKR 2,495|
|Sargodha||PKR 202,600||PKR 2,495|
|Faisalabad||PKR 202,600||PKR 2,495|
|Mirpur||PKR 202,600||PKR 2,495|