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US dollar up against PKR

The US Dollar gained 57 paisas against the Pakistani Rupee in the interbank on Wednesday.

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US dollar up against PKR
GNN Media: Representational Photo

According to a State Bank of Pakistan (SBP) tweet, the US Dollar opened at Rs161.33 and closed at Rs161.90.

State Bank of Pakistan (SBP) data shows that the USD against PKR appreciated by 0.35 per cent in the interbank market.

Note that in recent week dollar has again touched the level of Rs160.

The rupee had traded at Rs 161.13 on January 16 this year, gaining Rs2.32 per dollar or 1.4 per cent.

It may be recalled that during the current financial year, the exchange rate fluctuated sharply and in August 2020 (FY 21), the rupee depreciated to its lowest level against the dollar, reaching Rs168.70 on August 20 last year.

It should also be noted that the depreciation of the dollar and the appreciation of the rupee came at a time when the International Monetary Fund (IMF) delayed its program for Pakistan for more than a year.

“The supply and demand position of dollars and the upcoming data on the country’s forex reserves will determine the future direction of the rupee. The rupee should conclude this week at Rs160.3 - 161.5 per dollar,” said a currency exchange dealer.

It is important to mention that the Pakistani Rupee appreciates when a lesser amount of rupees is required to get one USD whereas PKR depreciates when more rupees are required to get one greenback.

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

Entertainment

BTS takes over UNGA, performs ‘Permission to Dance’ inside assembly hall

BTS’ speech was followed by a pre-recorded performance of their latest song ‘Permission to Dance’ which in itself is a message of positivity and hoping for an end to the pandemic.

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BTS takes over UNGA, performs ‘Permission to Dance’ inside assembly hall

New York: Acclaimed K-POP band BTS addressed the United Nations General Assembly (UNGA) as the special presidential envoy for future generations and culture from their native South Korea— expressing their faith in young people's ability to imagine a better world despite pandemic.

They spoke about climate change, and sustainable development amid the pandemic. The band discussed the difficulties that the youth encountered as a result of the pandemic.

The group leader Kim Namjoon (RM) taking centrestage, began in Korean, “It is an honor to be here today, where BTS has been appointed as Special Presidential Envoy for The Republic of Korea. We’re here today to share the stories of a future generation. Before we came here, we asked the young people in their teens and 20s around the world about their past two years and about the world they find themselves in today".

BTS’ speech was followed by a pre-recorded performance of their latest song ‘Permission to Dance’ which in itself is a message of positivity and hoping for an end to the pandemic.

The artists took turns on stage during their seven-minute speech, but it wasn't all about UN goals. 

The pre-recorded video was presented soon after all members of the band- Jimin, J-Hope, Jin, Suga, RM, Jungkook, and V- spoke about the possibilities of the future generation and their ability to adapt to changing times amid a raging coronavirus pandemic.

Korean President Moon Jae-in, at the conclusion of his speech in session, introduced the seven band members as the ‘World's most loved artist’.

The UNICEF tweeted, “Today, BTS returned to #UNGA to share a powerful message on climate action, COVID-19 vaccines & the importance of taking care of ourselves and our communities. Thank you, @BTS_twt for inspiring a generation of young people. Together, we can create a better world. #BTSLoveMyself".

It is pertinent to mention here that BTS began their ‘Love Myself campaign’ with UNICEF in 2017, and it was the subject of RM's first UN speech, which he gave in English.

The band virtually attended the 75th Assembly. It took place last year and offered its message through a film that brought people comfort.

This time, the band members took turns speaking in Korean, which was simultaneously dubbed in English.

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Pakistan

Pakistan sees surge in COVID cases, active tally reaches 1,194,198

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan sees surge in COVID cases, active tally reaches 1,194,198

According to National Command and Operations Center (NCOC), around 4,062 cases of coronavirus were reported while 84 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,497.

The total number of cases has reached 1,194,198.

As many as 1,076,112 patients have recovered from the disease with 5,383 critical cases.

Punjab                 

The number of patients swelled to 408,758 in the province with 12,135 causalities.

Sindh

The number of infections has surged to 441,410 in the province, while the death toll has reached 7,073.

Khyber Pakhtunkhwa

The confirmed cases have surged to 166,564 in the province with 5,175 casualties.

Balochistan

There are 32,480 confirmed cases while 342 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,037 coronavirus cases in the AJK while the death toll has reached 714. On the other hand, there are 10,109 cases in GB with 179 coronavirus deaths.

Islamabad

There are 101,840 cases in the capital city while 879 people have lost their lives.

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Pakistan

Pakistan records dip in daily new COVID-19 cases

Islamabad: Pakistan has reported 2,928 new coronavirus cases in last 24 hours, the lowest spike in daily new infections in nearly a week.

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Pakistan records dip in daily new COVID-19 cases

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

According to National Command and Operations Center (NCOC), around 2,928 cases of coronavirus were reported while 68 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,072.

The total number of cases has reached 1,218,749.

As many as 1,125,952 patients have recovered from the disease with 4,960 critical cases.

Punjab              

The number of patients swelled to 419,423 in the province with 12,345 causalities.

Sindh

The number of infections has surged to 448,658 in the province, while the death toll has reached 7,224.

Khyber Pakhtunkhwa

The confirmed cases have surged to 170,391 in the province with 5,354 casualties.

Balochistan

There are 32,707 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,628 coronavirus cases in the AJK while the death toll has reached 728. On the other hand, there are 10,222 cases in GB with 182 coronavirus deaths.

Islamabad

There are 103,720 cases in the capital city while 895 people have lost their lives.

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