2026

ISLAMABAD — The price of gold in Pakistan’s local markets experienced a significant decline on Tuesday, as the rate for 24-karat gold per tola fell by Rs1,800, settling at Rs455,736. This adjustment was reported by the All Pakistan Sarafa Gems and Jewellers Association, reflecting shifts in the global and domestic economic landscape. What Happened The All Pakistan Sarafa Gems and Jewellers Association announced a notable decrease in gold prices, with the cost of 24-karat gold per tola dropping by Rs1,800. The price for 10 grams of 24-karat gold also saw a reduction, aligning with the broader trend observed in the precious metals market. This decline is attributed to fluctuations in international gold prices and changes in the local currency exchange rates. Market analysts suggest that the decrease in gold prices is influenced by several factors, including the strengthening of the Pakistani rupee against the US dollar and the global economic conditions impacting commodity markets. As gold is often considered a safe-haven asset, its price tends to fluctuate based on investor sentiment and economic stability. According to the association, the price adjustments are part of regular market dynamics and are influenced by both domestic and international factors. The local gold market is sensitive to changes in the international market, where prices are affected by the US Federal Reserve’s policy decisions, geopolitical tensions, and economic data releases. Background Historically, gold has been a preferred investment option in Pakistan, serving as a hedge against inflation and currency depreciation. The country’s gold market is largely driven by consumer demand, particularly during wedding seasons and festive occasions when gold jewelry purchases surge. In recent years, Pakistan’s gold market has experienced volatility due to economic challenges, including inflationary pressures and currency fluctuations. The government’s economic policies and international trade dynamics also play a crucial role in shaping the market trends. Globally, gold prices are influenced by a myriad of factors, including central bank policies, interest rates, and geopolitical events. The precious metal’s value is often inversely related to the strength of the US dollar; hence, any fluctuations in the dollar can significantly impact gold prices worldwide. Why It Matters The decline in gold prices holds significant implications for various stakeholders in Pakistan. For consumers, particularly those planning weddings or other significant events, the reduced prices may present an opportune moment to purchase gold jewelry. This could potentially boost consumer spending in the short term. For investors, the decrease in gold prices might signal a shift in investment strategies. Those holding gold as a long-term investment may reassess their portfolios in light of the current market conditions. The drop in prices could also attract new investors looking to capitalize on lower entry points. Economically, the reduction in gold prices could impact Pakistan’s trade balance. As a major importer of gold, lower prices might reduce the overall import bill, positively affecting the country’s foreign exchange reserves. However, the long-term economic impact will depend on the sustainability of these price levels and broader economic trends. On a broader scale, the fluctuation in gold prices is indicative of the ongoing economic uncertainties faced globally. As markets continue to react to geopolitical tensions and economic policies, gold prices will remain a key indicator of investor confidence and economic stability. Key Takeaways The price of 24-karat gold per tola in Pakistan decreased by Rs1,800, settling at Rs455,736. The decline is influenced by international market trends and local currency fluctuations. Lower gold prices may boost consumer spending, particularly in the jewelry sector. The drop could affect investment strategies and Pakistan’s trade balance. Gold prices remain a barometer of global economic stability and investor sentiment. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — The Competition Commission of Pakistan (CCP) has levied a fine of PKR 10 million on 3M Pakistan (Private) Limited for engaging in deceptive marketing practices. The decision, announced on Tuesday, stems from the company’s misleading comparison of its Scotch-Brite product with Colgate-Palmolive Pakistan Limited’s Max Scrub, contravening Section 10 of the Competition Act, 2010. What Happened The CCP’s ruling against 3M Pakistan is based on the company’s advertising strategies, which were found to be in violation of fair marketing practices. According to the CCP, 3M Pakistan’s promotional materials for its Scotch-Brite product included false or misleading comparisons with Colgate-Palmolive’s Max Scrub. This action was deemed to potentially mislead consumers and distort market competition. The commission’s inquiry into the matter revealed that 3M Pakistan’s advertisements claimed superior performance attributes for Scotch-Brite without substantiating these claims with factual evidence. The CCP highlighted that such practices not only deceive consumers but also undermine the competitive landscape by creating an uneven playing field. In its official statement, the CCP emphasized the importance of truthful advertising and the need for companies to ensure their marketing claims are backed by verifiable data. The commission’s decision to impose a fine is part of its broader mandate to maintain fair competition and protect consumer interests in Pakistan. Background The Competition Act, 2010, under which the fine was imposed, is a legislative framework designed to promote fair competition in Pakistan’s markets. Section 10 specifically addresses deceptive marketing practices, prohibiting false or misleading claims that could mislead consumers or harm competitors. The CCP, established to enforce this act, regularly monitors market practices to ensure compliance. 3M Pakistan, a subsidiary of the global conglomerate 3M, has been operating in the country for several years, offering a range of products across various sectors. The Scotch-Brite brand, known for its cleaning products, is one of the company’s well-recognized offerings in the market. Colgate-Palmolive Pakistan Limited, a major competitor in the cleaning product segment, had raised concerns over 3M’s marketing tactics, prompting the CCP to initiate an investigation. The resulting fine underscores the commission’s commitment to upholding the principles of fair competition. Why It Matters The CCP’s decision to fine 3M Pakistan has significant implications for the business environment in Pakistan. By holding companies accountable for misleading advertising, the commission reinforces the importance of ethical marketing practices. This action serves as a reminder to all market participants that compliance with the Competition Act is non-negotiable. For consumers, the ruling is a protective measure ensuring that they receive accurate information about products they purchase. Misleading advertisements can lead to consumer dissatisfaction and financial loss, particularly when products do not perform as advertised. By curbing such practices, the CCP aims to enhance consumer trust in the market. Economically, maintaining fair competition is crucial for fostering innovation and ensuring that businesses compete on merit rather than deceptive practices. This can lead to better products and services, ultimately benefiting consumers and contributing to economic growth. Internationally, the CCP’s actions align with global standards for competition regulation, enhancing Pakistan’s reputation as a country committed to fair trade practices. This could attract foreign investment by assuring international companies of a level playing field. Key Takeaways The CCP fined 3M Pakistan PKR 10 million for deceptive marketing practices. The fine was imposed due to misleading comparisons between Scotch-Brite and Max Scrub. The action underscores the CCP’s commitment to enforcing the Competition Act, 2010. Consumers benefit from accurate information, enhancing trust in the market. Fair competition is essential for economic growth and attracting foreign investment. Source Attribution This article is based on official statements and public communications from the Competition Commission of Pakistan. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

RAWALPINDI — The City Traffic Police (CTP) Rawalpindi have launched an intensified crackdown on the use of pressure horns in vehicles and motorcycles throughout the district. This initiative, which began on September 22, 2023, follows directives from Punjab DIG Traffic Muhammad Waqas Nazir and Chief Traffic Officer (CTO) Rawalpindi Farhan Aslam. Special squads have been strategically deployed at bus stands and key entry and exit points across the city to enforce this regulation. What Happened The CTP Rawalpindi’s latest operation targets the widespread use of pressure horns, which are often criticized for contributing to noise pollution and causing disturbances in urban areas. According to CTO Farhan Aslam, the operation aims to curb the nuisance created by these horns, particularly in densely populated areas and near sensitive zones such as hospitals and schools. Special squads have been deployed to monitor compliance and take action against violators. These squads are stationed at critical points, including major bus terminals and the city’s main thoroughfares, where the use of pressure horns is most prevalent. The CTP has also set up checkpoints at the city’s entry and exit points to ensure vehicles entering or leaving Rawalpindi comply with the new regulations. CTO Farhan Aslam emphasized the importance of this crackdown, stating, “The use of pressure horns not only causes noise pollution but also poses a significant disturbance to the public. Our teams are working diligently to ensure that this practice is curtailed effectively.” The CTP has warned that violators will face strict penalties, including fines and potential confiscation of their vehicles’ horns. Background Pressure horns have long been a contentious issue in Pakistani cities, where traffic congestion and urban noise levels are already high. Previous efforts to regulate their use have seen varying levels of success, often hindered by inconsistent enforcement and public awareness. The Punjab Traffic Police have periodically launched campaigns to address this issue, with the current crackdown representing one of the most comprehensive efforts to date. Legislation regarding noise pollution and vehicle modifications, including the installation of pressure horns, exists under various environmental and traffic laws in Pakistan. However, enforcement has been challenging due to limited resources and the sheer volume of vehicles on the roads. Why It Matters The crackdown on pressure horns in Rawalpindi is significant for several reasons. Firstly, it addresses a major public health concern. Noise pollution, particularly from traffic, has been linked to various health issues, including stress, hearing loss, and cardiovascular problems. By targeting pressure horns, the CTP aims to reduce these risks and improve the quality of life for Rawalpindi’s residents. Economically, the initiative could lead to a more pleasant environment for businesses and tourists, potentially boosting local commerce. Noise pollution can deter visitors and affect the overall perception of a city, impacting its economic prospects. A quieter, more orderly city could attract more visitors and investors, benefiting the local economy. Politically, the crackdown reflects the government’s commitment to enforcing regulations that enhance public welfare. It demonstrates a proactive approach by the Punjab Traffic Police and local authorities in addressing citizen complaints and improving urban living conditions. This move could bolster public confidence in law enforcement agencies and their ability to maintain order and safety. Key Takeaways The CTP Rawalpindi has intensified efforts to curb the use of pressure horns in the city. Special squads have been deployed at strategic locations to enforce compliance. The crackdown aims to reduce noise pollution and improve public health. Successful enforcement could enhance Rawalpindi’s economic and social environment. The initiative reflects governmental commitment to public welfare and regulation enforcement. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — The Federal Government has reiterated its commitment to supporting development initiatives in Azad Jammu and Kashmir (AJK), as confirmed by Federal Minister for Kashmir Affairs, Gilgit-Baltistan and SAFRON, Engineer Amir Muqam. This assurance was made during a meeting with Dr. Najeeb Naqi Khan, the Pakistan Muslim League-Nawaz (PML-N) nominee for the presidency of AJK, on September 22. What Happened During the meeting held in Islamabad, Engineer Amir Muqam emphasized the Federal Government’s dedication to advancing the development agenda in Azad Jammu and Kashmir. Dr. Najeeb Naqi Khan, who has been nominated by the PML-N for the presidency of AJK, discussed with the minister the current political landscape and the development priorities for the region. The discussions underscored the importance of collaborative efforts between the federal and AJK governments to ensure sustainable development and political stability in the region. Amir Muqam assured Dr. Khan that the Federal Government is committed to providing the necessary support and resources to facilitate the socio-economic growth of AJK. He highlighted the government’s ongoing projects and future plans aimed at improving infrastructure, healthcare, education, and other critical sectors in the region. “The Federal Government will continue to back development initiatives that uplift the living standards of the people in Azad Kashmir,” Muqam stated. The meeting also addressed the challenges faced by the region, including economic constraints and the need for improved governance. Both leaders agreed on the significance of maintaining political harmony and fostering an environment conducive to development. Background Azad Jammu and Kashmir, a semi-autonomous region, has historically been a focal point of development efforts by successive Pakistani governments. The region, which enjoys a special administrative status, relies heavily on federal support for its development projects. Over the years, various initiatives have been launched to enhance infrastructure, promote tourism, and improve the quality of life for its residents. The PML-N, a major political party in Pakistan, has been actively involved in the political and developmental affairs of AJK. The nomination of Dr. Najeeb Naqi Khan for the presidency reflects the party’s continued influence and commitment to the region’s progress. Why It Matters The Federal Government’s commitment to AJK’s development is crucial for several reasons. Economically, the region’s growth is pivotal for improving the livelihoods of its residents, who have long faced challenges such as unemployment and inadequate infrastructure. By investing in key sectors like education and healthcare, the government aims to create a more prosperous and self-reliant region. Politically, the support from the Federal Government helps stabilize the region, fostering a sense of unity and cooperation between the federal and regional governments. This is particularly important given the strategic significance of AJK in the context of Pakistan-India relations and the broader geopolitical landscape. Internationally, the development of AJK is often viewed through the lens of human rights and regional stability. By improving the socio-economic conditions in AJK, Pakistan can enhance its image on the global stage, demonstrating its commitment to the welfare of all its regions. Key Takeaways The Federal Government has reaffirmed its support for development in Azad Jammu and Kashmir. Federal Minister Amir Muqam emphasized the importance of federal resources in advancing AJK’s socio-economic growth. Dr. Najeeb Naqi Khan, PML-N’s nominee for AJK presidency, discussed political and developmental priorities with the minister. Improving infrastructure, healthcare, and education are key focus areas for the region’s development. The development of AJK is significant for economic growth, political stability, and international relations. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

RAWALPINDI — The French Secretary General for Defence and National Security, Nicolas Roche, accompanied by the French Ambassador to Pakistan, Jean-Noël Poirier, met with Field Marshal Syed Asim Munir, Chief of Army Staff and Chief of Defence Forces, at the General Headquarters on Tuesday. The meeting aimed to enhance bilateral defence cooperation between France and Pakistan. What Happened The discussions between the French delegation and Field Marshal Asim Munir focused on strengthening military ties and exploring avenues for collaboration in defence and security. Nicolas Roche, who holds a pivotal role in France’s defence establishment, emphasized the importance of mutual cooperation in addressing regional security challenges. The meeting underscored the commitment of both nations to bolster their strategic partnership. During the meeting, both parties exchanged views on a wide range of issues, including counter-terrorism efforts, regional stability, and military training exchanges. Field Marshal Asim Munir highlighted Pakistan’s ongoing efforts to maintain peace and stability in the region, particularly in the context of the evolving security landscape in South Asia. Jean-Noël Poirier, the French Ambassador, reiterated France’s interest in deepening its defence relations with Pakistan. He acknowledged Pakistan’s significant contributions to regional peace and expressed France’s willingness to support Pakistan in its security endeavors. The meeting concluded with a mutual agreement to continue dialogue and cooperation in areas of shared interest. Background Pakistan and France have a history of defence cooperation, with both countries engaging in military training exchanges and joint exercises. France has been a key partner in providing military equipment and technology to Pakistan, enhancing the capabilities of the Pakistani armed forces. The two nations have also collaborated on counter-terrorism initiatives, recognizing the shared threat posed by extremist groups. Historically, Pakistan’s strategic location and its role in regional geopolitics have made it an important partner for countries like France. The ongoing dialogue between the two nations reflects a continued commitment to addressing common security challenges and fostering a stable regional environment. Why It Matters The meeting between the French defence officials and Field Marshal Asim Munir holds significant implications for both countries. For Pakistan, strengthening ties with France offers an opportunity to enhance its defence capabilities and access advanced military technology. This collaboration can contribute to Pakistan’s efforts to modernize its armed forces and improve its strategic deterrence. From an international perspective, the meeting highlights France’s interest in maintaining a presence in South Asia, a region marked by geopolitical complexities. By engaging with Pakistan, France can play a role in promoting regional stability and countering security threats that have global ramifications. Economically, enhanced defence cooperation can lead to increased trade and investment opportunities between the two nations. Military partnerships often pave the way for broader economic ties, benefiting both countries through technology transfer and joint ventures in defence production. Socially, such high-level engagements foster mutual understanding and cultural exchange, strengthening people-to-people connections between Pakistan and France. This can lead to increased educational and professional exchanges, contributing to the development of human capital in both nations. Key Takeaways The French Secretary General for Defence and National Security met with Pakistan’s Field Marshal Asim Munir to discuss defence cooperation. The meeting focused on enhancing military ties, counter-terrorism efforts, and regional stability. France expressed its commitment to supporting Pakistan’s security initiatives and deepening bilateral relations. The discussions hold significant implications for regional stability and economic ties between France and Pakistan. Strengthened defence cooperation can lead to broader economic and cultural exchanges. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — The price of gold in Pakistan’s local market saw a significant decline on Monday, as the cost of 24-karat gold per tola fell by Rs2,700, settling at Rs457,536. This decrease was reported by the All Pakistan Sarafa Gems and Jewellers Association, reflecting changes in the international market and local demand. What Happened The All Pakistan Sarafa Gems and Jewellers Association announced that the price of 24-karat gold per tola dropped by Rs2,700, bringing it to Rs457,536. Similarly, the price for 10 grams of 24-karat gold saw a reduction, although specific figures were not disclosed. This decline in gold prices aligns with trends observed in the international market, where fluctuations in the value of gold are common due to various economic factors. According to the association, the drop in gold prices is attributed to a combination of international market trends and domestic economic conditions. The global market has experienced volatility, influenced by factors such as changes in currency values, inflation rates, and geopolitical tensions, which often impact the price of precious metals like gold. In recent weeks, the international gold market has been affected by a strengthening US dollar and rising interest rates, which typically lead to a decrease in gold prices. As investors seek stability, they often move away from gold, considered a safe-haven asset, towards more lucrative investments. Background Gold prices in Pakistan are heavily influenced by international market trends, given that the country imports gold to meet local demand. Historically, gold has been a popular investment and a traditional gift in Pakistani culture, often seen as a hedge against inflation and currency devaluation. In the past, gold prices have fluctuated significantly in response to global events. For instance, during the 2008 financial crisis, gold prices surged as investors sought safe-haven assets. More recently, the COVID-19 pandemic led to increased demand for gold, pushing prices to record highs. The All Pakistan Sarafa Gems and Jewellers Association plays a crucial role in setting gold prices in the local market, taking into account international rates and local market conditions. Their announcements are closely watched by traders, investors, and consumers alike. Why It Matters The decline in gold prices has several implications for Pakistan’s economy and its citizens. For consumers, lower gold prices may present an opportunity to purchase gold for personal use or investment at a reduced cost. This is particularly significant in a country where gold is a popular choice for weddings and other cultural ceremonies. Economically, the drop in gold prices could impact the jewelry industry, which relies on stable gold prices to maintain profitability. Jewelers may experience increased demand as consumers take advantage of lower prices, potentially boosting sales in the short term. On a broader scale, the fluctuation in gold prices reflects underlying economic conditions, such as inflation and currency stability. As gold is often used as a hedge against these factors, changes in its price can indicate shifts in economic confidence and stability. Internationally, Pakistan’s gold market is relatively small, but it is still influenced by global trends. The current decrease in prices could be indicative of broader economic shifts, including changes in investor sentiment and monetary policy decisions by major economies. Key Takeaways The price of 24-karat gold per tola in Pakistan fell by Rs2,700, settling at Rs457,536. Gold prices are influenced by international market trends and local economic conditions. Lower gold prices may boost consumer purchases and impact the jewelry industry. Fluctuations in gold prices reflect broader economic conditions and investor sentiment. The All Pakistan Sarafa Gems and Jewellers Association plays a key role in setting local gold prices. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

KARACHI — The National Bank of Pakistan (NBP) has released its latest currency exchange rates through its Treasury Management Division. The updated rates are intended to guide businesses and individuals engaged in foreign exchange transactions as of September 22, 2023. What Happened The NBP’s Treasury Management Division issued the current exchange rates for various currencies, providing a benchmark for financial transactions involving foreign currency. The rates are crucial for importers, exporters, and travelers who rely on accurate and up-to-date information to manage their financial operations efficiently. The exchange rates are typically determined by a combination of factors, including market demand and supply, international economic conditions, and monetary policies. The NBP’s role in publishing these rates is part of its broader mandate to facilitate trade and economic stability in Pakistan. According to the latest release, the exchange rates for major currencies such as the US Dollar, Euro, and British Pound have been adjusted in response to recent market trends. The US Dollar, for instance, remains a dominant currency in global trade and finance, and its rate against the Pakistani Rupee is closely monitored by stakeholders. An official from the NBP stated, “Our exchange rates are updated regularly to reflect the current market conditions and ensure that our clients have the most accurate information available for their financial decisions.” The official emphasized the importance of these rates in supporting Pakistan’s economic activities, particularly in the context of international trade. Background The National Bank of Pakistan, established in 1949, is one of the country’s largest commercial banks and plays a pivotal role in the economic framework of Pakistan. The bank’s Treasury Management Division is responsible for managing the bank’s liquidity, foreign exchange, and interest rate risks. It also provides advisory services to clients on financial market trends and strategies. Historically, exchange rates in Pakistan have been influenced by a variety of factors, including geopolitical events, changes in global oil prices, and domestic economic policies. The State Bank of Pakistan, the country’s central bank, also plays a significant role in regulating the foreign exchange market to ensure stability and prevent excessive volatility. In recent years, Pakistan has faced challenges related to currency devaluation, which have impacted inflation and the cost of imports. The NBP’s regular updates on exchange rates are part of the broader efforts to provide transparency and support economic decision-making. Why It Matters The release of updated exchange rates by the NBP is significant for several reasons. Firstly, it provides essential information for businesses engaged in international trade, enabling them to price their goods and services competitively. Accurate exchange rates help exporters and importers manage their costs and revenues more effectively. Secondly, for individuals, especially those who travel abroad or send remittances, knowing the current exchange rates helps them plan their finances better. With a large diaspora contributing to Pakistan’s economy through remittances, the exchange rate directly affects the amount received by families back home. Economically, the stability and predictability of exchange rates are crucial for attracting foreign investment. Investors seek environments where currency risks are minimized, and transparent exchange rate policies contribute to building investor confidence. On a broader scale, the management of exchange rates is a reflection of a country’s economic health and policy effectiveness. For Pakistan, maintaining a stable exchange rate is part of its strategy to control inflation, boost exports, and manage its foreign debt obligations. Key Takeaways The National Bank of Pakistan has issued updated currency exchange rates as of September 22, 2023. These rates are crucial for businesses and individuals engaged in foreign exchange transactions. The NBP’s Treasury Management Division plays a key role in determining and publishing these rates. Exchange rates impact international trade, remittances, and foreign investment in Pakistan. Stable exchange rates are vital for economic stability and investor confidence. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 22, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.