ISLAMABAD – In response to the flood disaster in Pakistan, several countries including United Arab Emirates (UAE), Turkiye, Iran, Canada and Qatar Red Crescent Society (QRCS) announced their support for the flood affectees.
Qatar Red Crescent Society (QRCS) Saturday activated its disaster information management centre and announced immediate allocation of $100,000 to provide relief for the affected people.
Also, Prime Minister Muhammad Shehbaz Sharif received telephone calls from Presidents of Iran and Turkiye.
President Ebrahim Raisi and President Erdogan conveyed solidarity with Pakistan and assured all out support in relief assistance in all areas affected from heavy floods and rains.
The prime minister thanked President Raisi and President Erdogan for their sympathies on the flood situation and stressed that Pakistan had been enduring severe monsoon weather since mid-June.
Shehbaz Sharif underlined that the humanitarian situation is being compounded by drastic impact to infrastructure including roads and bridges which is impeding both passage of people to safer locations and delivery of aid.
Highlighting the government's efforts in this regard, Shehbaz shared that Pakistan had prepared a "UN Flash Appeal" which would be launched on Tuesday.
The prime minister expressed the hope that international community would contribute towards meeting the funding requirements of the Flash Appeal.
In the bilateral context, Shehbaz Sharif reaffirmed commitment to boost relations in all areas. He also conveyed appreciation for Turkey and Iran's steadfast support to the people of Jammu and Kashmir.
Separately, Canadian Prime Minister Justin Trudeau has said that his country is providing support to Pakistan through United Nations Central Emergency Response Fund and Red Cross Canada to provide food, clean water and other essential services as quickly as possible.
In a tweet, he said like many other Canadians, he is also thinking of everyone, affected by devastated flooding in Pakistan.
Meanwhile, the Canadian Foreign Minister, Melanie Joly, in a Tweet message, also expressed her deep concerns about the flood situation saying that we will continue to support the people of Pakistan.
She said the images of floods in Pakistan are absolutely heart-breaking.
ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.
During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.
Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.
Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.
Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.
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.
|Lahore||PKR 205,900||PKR 2,370|
|Karachi||PKR 205,900||PKR 2,370|
|Islamabad||PKR 205,900||PKR 2,370|
|Peshawar||PKR 205,900||PKR 2,370|
|Quetta||PKR 205,900||PKR 2,370|
|Sialkot||PKR 205,900||PKR 2,370|
|Attock||PKR 205,900||PKR 2,370|
|Gujranwala||PKR 205,900||PKR 2,370|
|Jehlum||PKR 205,900||PKR 2,370|
|Multan||PKR 205,900||PKR 2,370|
|Bahawalpur||PKR 205,900||PKR 2,370|
|Gujrat||PKR 205,900||PKR 2,370|
|Nawabshah||PKR 205,900||PKR 2,370|
|Chakwal||PKR 205,900||PKR 2,370|
|Hyderabad||PKR 205,900||PKR 2,370|
|Nowshehra||PKR 205,900||PKR 2,370|
|Sargodha||PKR 205,900||PKR 2,370|
|Faisalabad||PKR 205,900||PKR 2,370|
|Mirpur||PKR 205,900||PKR 2,370|