Yemen has suffered over $14 billion loss due to ongoing civil war: Report

12:17 PM | 17 Aug, 2016
Yemen has suffered over $14 billion loss due to ongoing civil war: Report
ADEN (News Desk) - Yemen is going through a humanitarian crisis due to unstoppable ongoing civil war and a joint confidential report of the World Bank, the United Nations, the Islamic Development Bank and the European Union suggests that the country has so far suffered a damage of over $14 billion.

According the Reuters news agency, the Yemen conflict has resulted in damages of about $7 billion to the infrastructure and an estimated $7.3 billion loss to the economy of the country in terms of production and service delivery.

The report was prepared on the basis of the surveys conducted in 2015-end and the beginning of 2016. It was finalised on May 6.

The report argued that the estimated losses are still not final, but they are still evolving and everyday more losses are being recorded by the international monitors and local government.

The 16-month civil war has damaged as many as 1,671 schools in 20 governorates of the country. Out of these, 287 need major reconstruction, 544 are serving as shelters for internally displaced persons (IDPs), and 33 others have been occupied by armed groups.

An overall loss of $269 million has been recorded on the account of schools and basic education facilities in the country.

Ministry of Public Health and Population confirmed that 900 of 3,652 total facilities designated to provide vaccination services are currently non-operational in Yemen.

The country also suffered $3.6 billion damages to residential places in Sanaa, Aden, Taiz and Zinjibar alone. Meanwhile, the energy facilities suffered a loss of $139 million.

It is also worth mentioning here that Yemen's civil war has so far claimed over 6,500 lives and more than 2.5 million people have been displaced, resulting in a humanitarian catastrophe in the country.


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 9 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Saturday.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.

Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.

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

Currency Symbol Buying Selling
US Dollar USD 283.4 285.95
Euro EUR 307 307
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Japanese Yen JPY 3.41 3.52
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 746.71
Qatari Riyal QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold remains under pressure in Pakistan; Check today gold rates here

Gold prices witnessed negative trend in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 9 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,600, and 10 grams of 24k gold costs Rs186,560.

Single tola of 22 Karat Gold price costs Rs199,465, 21 karat rate per tola costs Rs190, 400 and 18k gold rate is Rs163,200.00 for each tola.

In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,530
Karachi PKR 217,600 PKR 2,530
Islamabad PKR 217,600 PKR 2,530
Peshawar PKR 217,600 PKR 2,530
Quetta PKR 217,600 PKR 2,530
Sialkot PKR 217,600 PKR 2,530
Attock PKR 217,600 PKR 2,530
Gujranwala PKR 217,600 PKR 2,530
Jehlum PKR 217,600 PKR 2,530
Multan PKR 217,600 PKR 2,530
Bahawalpur PKR 217,600 PKR 2,530
Gujrat PKR 217,600 PKR 2,530
Nawabshah PKR 217,600 PKR 2,530
Chakwal PKR 217,600 PKR 2,530
Hyderabad PKR 217,600 PKR 2,530
Nowshehra PKR 217,600 PKR 2,530
Sargodha PKR 217,600 PKR 2,530
Faisalabad PKR 217,600 PKR 2,530
Mirpur PKR 217,600 PKR 2,530


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