OTTAWA/ISLAMABAD – Canada is providing $14 million in development funding for two projects in support of health and essential services for Afghan refugees and host communities in Pakistan impacted by last year’s flooding, Minister of International Development Ahmed Hussen announced on Wednesday.
Pakistan continues to recover from the devastating floods of 2022 that took more than 1,700 lives and affected some 33 million people. Homes, roads, schools, health facilities and other critical infrastructure were destroyed while livelihoods, livestock and crops were also severely affected.
“Afghan refugees and host communities in Pakistan were particularly impacted by last year’s unprecedented climate disaster and flooding. Canada remains committed to helping the recovery efforts, and today’s announcement responds to some of the most urgent needs in Pakistan,” the minister said in a statement.
Of this $14 million, $10 million is being allocated to the United Nations High Commissioner for Refugees for essential services and recovery efforts, such as the rehabilitation of schools and health facilities, the provision of livelihood training and services associated with gender-based violence. The remaining $4 million will go to the World Health Organization for health services, including sexual, reproductive, maternal, neonatal, child and adolescent health care and for gender-based violence services.
To date, Canada has announced $39 million in development assistance in response to the 2022 flooding in Pakistan. Canada committed $14 million for development programming and pledged a further $25 million at the International Conference on Climate Resilient Pakistan on January 9, 2023, to address flood recovery and reconstruction needs.
In 2022, Canada provided $25.9 million in humanitarian assistance to Pakistan. This included $6.9 million in funding provided prior to the flooding to support the needs of Afghan refugees and host communities in Pakistan, as well as $19 million in funding in response to the floods.
Canada has committed to resettling at least 40,000 vulnerable Afghans to Canada by the end of this year. To date, over 38,000 Afghans have arrived.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.
Globally, yellow metal went up by $12 to settle at $2,015 per ounce.
Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.
|Lahore||PKR 217,600||PKR 2,600|
|Karachi||PKR 217,600||PKR 2,600|
|Islamabad||PKR 217,600||PKR 2,600|
|Peshawar||PKR 217,600||PKR 2,600|
|Quetta||PKR 217,600||PKR 2,600|
|Sialkot||PKR 217,600||PKR 2,600|
|Attock||PKR 217,600||PKR 2,600|
|Gujranwala||PKR 217,600||PKR 2,600|
|Jehlum||PKR 217,600||PKR 2,600|
|Multan||PKR 217,600||PKR 2,600|
|Bahawalpur||PKR 217,600||PKR 2,600|
|Gujrat||PKR 217,600||PKR 2,600|
|Nawabshah||PKR 217,600||PKR 2,600|
|Chakwal||PKR 217,600||PKR 2,600|
|Hyderabad||PKR 217,600||PKR 2,600|
|Nowshehra||PKR 217,600||PKR 2,600|
|Sargodha||PKR 217,600||PKR 2,600|
|Faisalabad||PKR 217,600||PKR 2,600|
|Mirpur||PKR 217,600||PKR 2,600|