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'A peace pact with nature': More than 190 countries sign 'historic' agreement at Montreal summit

07:35 PM | 19 Dec, 2022
'A peace pact with nature': More than 190 countries sign 'historic' agreement at Montreal summit
Source: UN Biodiversity (Twitter)

MONTREAL – More than 190 countries have signed a landmark agreement to protect nature at the United Nations’ biodiversity conference, COP15, in Canada.

The pact, called "Kunming-Montreal Agreement", include nearly two dozen goals, including tackling the biodiversity crisis. It also include a pledge to protect 30% of land and oceans by 2030 as only 17% of land and 10% of oceans are currently considered protected.

Under the agreement, financial support will be extended to the developing countries to prevent biodiversity loss. The new agreement has been compared to the Paris Agreement's commitment to keeping global warming below 1.5C.

The countries have vowed to take measures to protect the species, which are near to extinction due to  human activities.

The development comes on the heels of massive warnings from the scientists that irresponsible human activities are leading to Earth’s sixth mass extinction event.

The Kunming-Montreal agreement does not make the countries legally bound but they will be required to show their performance for protection of biodiversity.

https://twitter.com/UNBiodiversity/status/1604769100139757573

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In a statement issued at the COP15 Closing Plenary, UNEP Executive Director Inger Andersen urged that success of the framework will be measured by rapid and consistent progress in implementing the agreement.

“I welcome the adoption of the Kunming-Montreal Global Biodiversity Framework today. The adoption of this Framework and the associated package of ambitious targets, goals and financing represents but a first step in resetting our relationship with the natural world,” said Andersen.

“Success will be measured by our rapid and consistent progress in implementing, what we have agreed to. The entire United Nations System is geared to support its implementation so that we can truly make peace with nature.”  

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 3, 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 3, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 3, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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