Akhuwat founder Dr Amjad Saqib receives Ramon Magsaysay Award 2021

Web Desk 03:32 PM | 31 Aug, 2021
Akhuwat founder Dr Amjad Saqib receives Ramon Magsaysay Award 2021

LAHORE – Pakistani philanthropist and founder of Akhuwat Foundation has received this year's Ramon Magsaysay Award for his extraordinary contributions to the eradication of poverty in the South Asian country.

Dr. Saqib is a development professional and a former civil servant who founded Akhuwat in 2001. The organization is now the largest interest free microfinance institution in the world and works in collaboration with state and civil society.

He is also a recipient of Point of light award by Queen Elizabeth, Best entrepreneur of 2018 by Schwab Foundation and World Economic Forum, Life Time Achievement Award, 2014 by Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters and Sitara i Imtiaz by President of Pakistan.

Accepting this unique and highly distinguished honour, Dr. Saqib, dedicated this award to the poor beneficiaries of Akhuwat and to Pakistani nation. He said this award is endorsement of Akhuwat, an interest-free lending Model and a tribute to the compassion and integrity of his nation.

His NGO has reportedly disbursed more than 4.5 million interest-free loans amounting to PKR 128 Billion to over 3 million families across Pakistan to help its beneficiaries to become socially and financially included members of society.

Ten Pakistanis including Akhtar Hameed Khan, Abdul Sattar Edhi and Bilquis Edhi, Shoaib Sultan Khan, Asma Jahangir, Dr. Adibul Hasan Rizvi, Tasneem Ahmed Siddiqui, Dr. Ruth Pfau, Ibn Abdur Rehman and, The Citizens Foundation are the recipients of the prestigious award.

The prestigious Ramon Magsaysay Award, popularly known as the "Asian Nobel Prize", is presented to most outstanding individuals in Asia for their selfless and extraordinary contribution to their societies.

It is Asia’s premier prize and highest honour and since its inception in 1958, Magsaysay Foundation, Philippine, confers three to four awards each year from amongst selfless leaders out of 40 countries of Asian continent. Few previous awardees include Mother Teresa, Dalai Lama, Nobel Laureate Dr. Muhamamd Yunus, Abdul Sattar Edhi and Mr. Shoaib Sultan Khan.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 4, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279.9 283.2
Euro EUR 300.98 301.58
UK Pound Sterling GBP 337.01 337.71
U.A.E Dirham AED 75.14 75.44
Saudi Riyal SAR 73.55 73.85
Australian Dollar AUD 189 192
Bahrain Dinar BHD 712.72 720.69
Canadian Dollar CAD 200 202.2
China Yuan CNY 39.67 39.73
Danish Krone DKK 39.33 39.73
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 878 887
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.79 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.30

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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.

City Gold Silver
Lahore PKR 205,200 PKR 2,430
Karachi PKR 205,200 PKR 2,430
Islamabad PKR 205,200 PKR 2,430
Peshawar PKR 205,200 PKR 2,430
Quetta PKR 205,200 PKR 2,430
Sialkot PKR 205,200 PKR 2,430
Attock PKR 205,200 PKR 2,430
Gujranwala PKR 205,200 PKR 2,430
Jehlum PKR 205,200 PKR 2,430
Multan PKR 205,200 PKR 2,430
Bahawalpur PKR 205,200 PKR 2,430
Gujrat PKR 205,200 PKR 2,430
Nawabshah PKR 205,200 PKR 2,430
Chakwal PKR 205,200 PKR 2,430
Hyderabad PKR 205,200 PKR 2,430
Nowshehra PKR 205,200 PKR 2,430
Sargodha PKR 205,200 PKR 2,430
Faisalabad PKR 205,200 PKR 2,430
Mirpur PKR 205,200 PKR 2,430


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