EUROPE BURNS CASH TO HELP BUSINESSES

 

EUROPE BURNS CASH TO HELP BUSINESSES

Germany nationalised gas importer Uniper on Wednesday and Britain said it would halve energy bills for businesses in response to a deepening energy crisis that has exposed Europe’s reliance on Russian fuel.

Russian President Vladimir Putin added to the upward pressure on energy prices by announcing a partial military mobilisation, in the biggest escalation of the Ukraine war since Moscow’s Feb. 24 invasion.

European governments had already earmarked almost 500 billion euros ($496 billion) in the last year to shield citizens and companies from soaring gas and power prices, according to research by think-tank Bruegel.

6 more die of gastro, other illnesses amid rising disease incidence in Sindh’s flood-hit areas.

  6 more die of gastro, other illnesses amid rising disease incidence in Sindh’s flood-hit areas.

                   

As more than 78,000 patients showed up in health camps in the flood-hit areas of Sindh in the past 24 hours, disease outbreaks continue to be a worry in the province, where six more died of gastroenteritis and other illnesses.

‘We won’t let you go’ CM Punjab tells Capital city officer (CCPO) Lahore.

 

‘We won’t let you go’ CM Punjab tells Capital city officer (CCPO) Lahore. 

IMF to support Pakistan’s flood relief, reconstruction efforts ‘under current programme’

 

 

IMF to support Pakistan’s flood relief, reconstruction efforts ‘under current programme’

The International Monetary Fund (IMF) on Sunday said it would support flood relief and reconstruction efforts in Pakistan under the current programme agreed to between the two, according to a statement from the IMF’s resident representative in the country, Esther Perez Ruiz.

The statement said that the IMF was “deeply saddened” by the devastating impact of the recent floods in Pakistan and extended its sympathies to the millions of flood victims.

“We will work with others in the international community to support, under the current programme, the authorities’ relief and reconstruction efforts, and especially their ongoing endeavour to assist those affected by the floods while ensuring sustainable policies and macroeconomic stability,” the statement said.

Floods from record monsoon rains and glacial melt in the mountainous north have affected 33m people and killed more than 1,540 since June 14, washing away homes, roads, railways, livestock and crops, in damage estimated at $30 billion.

    Both the government and UN Secretary-General Antonio Guterres have blamed        climate change for the extreme weather that led to the flooding, which                          submerged nearly a third of the country.

                                                                 Credit:DAWN NEWS

Banks sending dollars out via credit cards:

 Banks sending dollars out via credit cards:

KARACHI: Amid the daily dollar rate appreciation, banks have doubled their buying of the US currency and are sending it abroad via credit cards while the government grapples to control greenback outflows.

 

The State Bank of Pakistan (SBP) on Friday reported the closing price of the dollar at Rs236.84, an increase of 96 paise compared to the previous day’s rate of Rs235.88.

 

The dollar has a strong grip over the exchange rate and the clutch is getting stronger each day amid falling foreign exchange reserves and higher imports.

 

The open market reported the dollar price at Rs241 on Friday, which was almost the same as on Thursday. Currency dealers said finding dollars and other currencies is difficult since demand is very high. 

                                                                                           Credit:DAWN NEWS

  

PM Shehbaz makes urgent appeal for donation of blankets,baby food for flood-hit people.

     Says"people sleeping under open skies" need help form their fellow citizens; Sindh decides to establish separate wards for degue patients.