Nation observes Defence Day with simplicity amid floods
Get link
Facebook
X
Pinterest
Email
Other Apps
A smartly turned-out contingent of PAF Academy Asghar Khan assumed the ceremonial guard duties at the mausoleum of Quaid-e-Azam Mohammad Ali Jinnah. Photo: Geo News/file
ISLAMABAD: The nation is observing Defence and Martyrs' Day today to pay tribute to the shaheed (martyrs) and ghazis (honorific for living soldiers) with simplicity amid unprecedented floods that have submerged one-third of the country and have claimed over 1,300 lives so far.
The Pakistan Army postponed its annual Defence Day ceremony — held at the General Headquarters on September 6 every year — in solidarity with flood victims across the country. The ceremony is held to commemorate the sacrifices of fallen heroes during the 1965 war.
In 1965, the Indian forces, on this day, crossed the international border at night to attack Pakistan but the nation thwarted its nefarious designs.
Special prayers were offered after Fajr in mosques this morning for the progress and prosperity of the country and the independence of occupied Jammu and Kashmir from the cruel clutches of India.
Change of guards ceremony at Quaid’s mausoleum
A smartly turned-out contingent of PAF Academy Asghar Khan presented the guard of honour and assumed the ceremonial guard duties at the mausoleum of Quaid-e-Azam Mohammad Ali Jinnah.
The US dollar was seen losing ground against the rupee in interbank trading on Wednesday morning as it fell by 50 paisa, with analysts linking the development to optimism surrounding the expected release of loan tranches by the International Monetary Fund (IMF). According to the Forex Association of Pakistan (FAP), the greenback depreciated Rs1.45 against the previous day's close of Rs206 to reach Rs204.55 around 1:20pm. The FAP's closing rate of the last session shows a difference of 87 paisa from that of the State Bank of Pakistan, recorded at Rs206.87. By closing time on Wednesday, the greenback was being traded at Rs205.50 in the interbank. Exchange Companies Association of Pakistan General Secretary Zafar Paracha attributed the international currency's fall to the possibility of the IMF releasing two combined tranches of around $1.85 billion instead of the initially expected single tranche of around $1bn. On Tuesday, Pakistan received the Memorandum of Eco...
The rupee, which has been on an upward trend for more than a week now, continued strengthening against the dollar in the interbank market on Friday. By 10:05am, the local currency had gained Rs2.15 against the dollar to reach Rs224, up 0.95 per cent from yesterday’s close of Rs226.15. The rupee had been on a consistent decline from July 15 and fallen to a record low of 239.94 on July 28. But since July 29, it has reversed gears and its value had risen by Rs14.15 till yesterday (Aug 4). The biggest hike was seen on Wednesday (Aug 3), when the rupee appreciated by a record single-day gain of Rs9.59 or 4.19pc. This major gain by the rupee has brought exchange rate stability as currency dealers feel that the fluctuations would not be as volatile as were witnessed in July when the greenback gained over 13pc in a single month against the local currency. More to follow. Source link
https://www.news.qm.com.pk/pkr-gains-rs2-15-against-dollar-in-interbank-market-business/?feed...
Comments
Post a Comment