2026

KARACHI — The National Bank of Pakistan (NBP) has announced the latest buying and selling rates for major international currencies as of Monday. These rates are crucial for businesses, travelers, and investors who engage in foreign exchange transactions. What Happened The National Bank of Pakistan (NBP) issued updated currency exchange rates on Monday, reflecting the ongoing fluctuations in the global currency markets. According to the NBP, the selling rate for the US Dollar (USD) stands at 279.84 PKR, while the buying rate is 276.84 PKR. The British Pound (GBP) is being sold at 374.36 PKR and bought at 369.94 PKR. The Euro (EUR) has a selling rate of 318.92 PKR and a buying rate of 315.18 PKR. For the Japanese Yen (JPY), the selling rate is 1.7265 PKR, with a buying rate of 1.7063 PKR. The Saudi Riyal (SAR) is listed at a selling rate of 74.53 PKR and a buying rate of 73.65 PKR. Lastly, the United Arab Emirates Dirham (AED) is being sold at 76.20 PKR and bought at 75.30 PKR. The currency exchange rates are updated regularly by the NBP to reflect the changes in the international markets and provide accurate information to those involved in currency trading and exchange. The rates are particularly significant for importers, exporters, and individuals planning to travel abroad, as they directly impact the cost of transactions. Background The National Bank of Pakistan is one of the country’s largest and most influential financial institutions, playing a pivotal role in the nation’s banking sector. It regularly updates currency exchange rates to provide transparency and aid in financial planning for businesses and individuals. The NBP’s rates are often used as a benchmark by other banks and financial institutions in Pakistan. Currency exchange rates are influenced by a variety of factors, including economic indicators, geopolitical events, and market speculation. The Pakistani Rupee has experienced significant volatility in recent years due to economic challenges, including inflation and trade imbalances. The State Bank of Pakistan, the country’s central bank, also plays a critical role in managing the currency’s value through monetary policy interventions. Why It Matters The release of updated currency exchange rates by the NBP is significant for several reasons. Firstly, it impacts the cost of imports and exports, which in turn affects the prices of goods and services within Pakistan. Businesses that rely on imported raw materials or export their products to international markets must carefully monitor these rates to manage their costs and pricing strategies effectively. For individual consumers, especially those planning to travel abroad, the exchange rates determine the purchasing power of their money in foreign countries. A stronger Pakistani Rupee means that travelers can get more foreign currency for their money, reducing the cost of international travel and shopping. On a broader scale, the exchange rates are an indicator of the country’s economic health. A stable or strengthening currency can boost investor confidence and attract foreign investment, while a weakening currency might signal economic challenges that need to be addressed. Moreover, the exchange rates are crucial for remittances, which are a significant source of foreign exchange for Pakistan. Many Pakistanis working abroad send money back home, and favorable exchange rates can increase the value of these remittances, providing more financial support to families and contributing to the national economy. Key Takeaways The National Bank of Pakistan has released updated currency exchange rates for major currencies. The US Dollar is being sold at 279.84 PKR and bought at 276.84 PKR. Exchange rates impact import/export costs, travel expenses, and remittances. Currency stability is crucial for economic confidence and attracting investment. NBP’s rates serve as a benchmark for other financial institutions in Pakistan. Source Attribution This article is based on official statements and public communications from the National Bank of Pakistan. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 13, 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 Pakistan Stock Exchange (PSX) experienced a significant downturn on Monday, as the benchmark KSE-100 Index plummeted by 2,314.73 points. This marked a 1.27 percent decrease, closing at 179,927.05 points compared to the previous day’s 182,241.78 points. What Happened The PSX’s sharp decline on Monday reflects a bearish trend that has gripped the market, causing concern among investors and stakeholders. The KSE-100 Index’s drop of over 2,314 points is one of the most substantial declines in recent months, signaling potential instability in the market. The index, which is a key indicator of market performance, saw significant losses across various sectors, contributing to the overall downturn. Market analysts attribute this decline to several factors, including political uncertainty, economic challenges, and global market trends. The ongoing economic reforms and fiscal policies have also played a role in shaping investor sentiment. “The market is reacting to both domestic and international pressures,” said a financial analyst. “Investors are cautious due to the current political climate and economic policies that are yet to show tangible results.” Additionally, the global economic environment, marked by fluctuations in oil prices and geopolitical tensions, has influenced investor behavior. The PSX’s performance is often seen as a barometer of the country’s economic health, and such a significant drop raises questions about the underlying economic conditions. Background The Pakistan Stock Exchange has faced several challenges in recent years, including economic instability and political uncertainty. Historically, the PSX has been sensitive to changes in government policies and international economic trends. The KSE-100 Index, which comprises the top 100 companies listed on the exchange, serves as a benchmark for market performance and investor confidence. In the past, the PSX has experienced fluctuations due to various factors, such as changes in government leadership, fiscal policies, and international market dynamics. The current decline can be seen in the context of ongoing economic reforms aimed at stabilizing the economy and attracting foreign investment. Why It Matters The significant drop in the PSX is a cause for concern for both domestic and international investors. Economically, a declining stock market can impact investor confidence, leading to reduced investment and slower economic growth. The PSX’s performance is often viewed as an indicator of the country’s economic stability, and a continued bearish trend could deter potential investors. Socially, the decline in the stock market can affect public sentiment, as many individuals and institutions have investments tied to the market’s performance. A prolonged downturn could lead to financial losses for investors, impacting their financial well-being and spending power. Politically, the PSX’s performance can influence government policies and decision-making. A struggling stock market may prompt the government to implement measures aimed at boosting investor confidence and stabilizing the economy. This could include policy adjustments, economic reforms, or incentives to attract foreign investment. Internationally, the PSX’s performance is closely monitored by foreign investors and financial institutions. A significant decline could affect Pakistan’s standing in global markets and its ability to attract foreign investment. It may also influence the country’s credit rating and borrowing capacity, impacting its economic trajectory. Key Takeaways The PSX experienced a significant decline, losing over 2,314 points on Monday. The KSE-100 Index closed at 179,927.05 points, a 1.27 percent decrease. Factors such as political uncertainty and global market trends contributed to the downturn. The decline raises concerns about investor confidence and economic stability. Government policies and international investment may be influenced by the PSX’s performance. 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: July 13, 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 Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has underscored the critical role of advanced energy storage technologies in bolstering Pakistan’s industrial competitiveness. On Monday, FPCCI Regional Chairman and Vice President Zaki Aijaz stressed the importance of innovation and renewable energy in ensuring long-term energy security and facilitating the country’s transition to a sustainable economy. What Happened Zaki Aijaz, speaking on behalf of the FPCCI, highlighted the necessity of adopting advanced energy storage solutions to address Pakistan’s energy challenges. He pointed out that these technologies are vital for enhancing the efficiency of renewable energy systems and ensuring a reliable power supply. “Innovation in energy storage is not just a technological advancement; it is a strategic imperative for our industrial sector,” Aijaz stated. The FPCCI’s focus on energy storage comes amid growing concerns over Pakistan’s energy security and the need to diversify energy sources. The organization advocates for the integration of cutting-edge storage solutions to complement the nation’s renewable energy initiatives. Aijaz emphasized that such technologies could significantly reduce energy costs and improve the reliability of power supply, which are crucial for industrial growth and competitiveness. The FPCCI also called for increased investment and policy support to promote the development and deployment of energy storage technologies. Aijaz urged the government and private sector to collaborate in fostering an environment conducive to innovation and technological advancement. He noted that successful implementation of these technologies would position Pakistan as a leader in sustainable energy within the region. Background Pakistan’s energy sector has historically faced numerous challenges, including frequent power outages, reliance on imported fuels, and an inadequate infrastructure to support renewable energy. The government has been working to address these issues through various initiatives aimed at increasing the share of renewable energy in the national energy mix. In recent years, Pakistan has made strides in expanding its renewable energy capacity, particularly in solar and wind power. However, the intermittent nature of these energy sources necessitates effective storage solutions to ensure a stable and continuous power supply. Advanced energy storage technologies, such as lithium-ion batteries and other innovative solutions, have the potential to bridge this gap. The FPCCI’s advocacy for energy storage technologies aligns with the country’s broader energy policy objectives, which include reducing dependency on fossil fuels, enhancing energy efficiency, and promoting sustainable economic growth. Why It Matters The emphasis on advanced energy storage technologies is significant for several reasons. Economically, it promises to reduce energy costs for industries, which can enhance their competitiveness both locally and internationally. By ensuring a stable power supply, industries can operate more efficiently, reducing downtime and increasing productivity. Socially, improved energy storage solutions can lead to better energy access for communities across Pakistan. Reliable power can improve quality of life, support educational initiatives, and enable healthcare facilities to function more effectively. This is particularly crucial in rural and underserved areas where energy access remains limited. Politically, advancing energy storage technologies can strengthen Pakistan’s energy independence, reducing reliance on imported fuels and enhancing national security. By investing in local energy solutions, Pakistan can mitigate the risks associated with global energy market fluctuations. Internationally, Pakistan’s commitment to renewable energy and advanced storage technologies can enhance its standing as a responsible member of the global community committed to addressing climate change. This can open doors to international partnerships and funding opportunities, further accelerating the country’s energy transition. Key Takeaways FPCCI emphasizes the importance of advanced energy storage technologies for industrial competitiveness and energy security. Adoption of these technologies is crucial for supporting Pakistan’s renewable energy initiatives. Investment and policy support are needed to promote the development of energy storage solutions. Improved energy storage can enhance economic, social, and political stability in Pakistan. Pakistan’s commitment to energy innovation can bolster its international standing and attract global partnerships. Source Attribution The article is based on official statements and public communications from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 13, 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.

FAISALABAD — The Faisalabad Women Chamber of Commerce & Industry (FWCCI) has officially announced the election schedule for its Executive Committee for the 2026-28 term. This announcement marks the beginning of a transparent electoral process in line with the Trade Organizations Act and relevant regulations. What Happened The FWCCI, a pivotal body representing women entrepreneurs in Faisalabad, has laid out a detailed timetable for the upcoming elections. The process is designed to ensure fair representation and governance within the chamber. According to the schedule, nominations will be accepted starting from January 5, 2026, with the final list of candidates to be announced by February 15, 2026. The elections are slated to take place on March 10, 2026. FWCCI President, addressing the media, emphasized the importance of this electoral process in fostering a democratic culture within the organization. “The election process is crucial for maintaining transparency and accountability in our chamber,” she stated. The election will be conducted under the supervision of an independent election commission to ensure impartiality and adherence to the established rules. The Executive Committee, once elected, will be responsible for steering the chamber’s activities, advocating for women’s economic empowerment, and addressing the challenges faced by women entrepreneurs in the region. The committee will consist of members elected from various sectors, reflecting the diverse interests and expertise within the chamber. Background Established in 2003, the FWCCI has been instrumental in promoting the interests of women in business across Faisalabad. The chamber operates under the Trade Organizations Act, which mandates regular elections to ensure democratic governance. The Act provides a framework for the formation and functioning of trade bodies, ensuring they operate transparently and effectively represent their members’ interests. Historically, the FWCCI has played a significant role in advocating for policy changes that benefit women entrepreneurs, including efforts to improve access to finance, training, and market opportunities. The chamber’s elections are a critical component of its governance, ensuring that leadership remains accountable to its members. Why It Matters The upcoming elections are significant for several reasons. Firstly, they underscore the commitment of the FWCCI to uphold democratic principles and transparency within its operations. This is particularly important in a region where women’s participation in business and leadership roles is still evolving. Economically, the FWCCI’s leadership plays a vital role in shaping policies that affect women entrepreneurs, who are an essential part of Faisalabad’s economic fabric. By ensuring a fair and transparent election process, the chamber can continue to advocate effectively for policies that support business growth and women’s empowerment. Socially, the elections highlight the progress being made in gender inclusivity within the business community. The FWCCI provides a platform for women to voice their concerns and influence decisions that affect their economic opportunities. This is crucial in a society where gender disparities in business can be pronounced. Politically, the elections will demonstrate the chamber’s ability to self-regulate and maintain credibility among its stakeholders, including government bodies, financial institutions, and international partners. A successful election process will enhance the chamber’s reputation and its ability to attract support for its initiatives. Key Takeaways FWCCI has announced its election schedule for the 2026-28 term. The process will begin with nominations on January 5, 2026, and elections on March 10, 2026. The elections are guided by the Trade Organizations Act to ensure transparency. The newly elected Executive Committee will focus on women’s economic empowerment. The elections are crucial for maintaining the chamber’s democratic governance. Source Attribution This article is based on official statements and public communications from the Faisalabad Women Chamber of Commerce & Industry. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 13, 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 — Select Technologies Limited has successfully completed its Initial Public Offering (IPO), raising Rs 3.02 billion. The Pakistan Stock Exchange (PSX) hosted a gong ceremony on Monday to commemorate the first listing of the new fiscal year 2026-27. What Happened Select Technologies Limited, a prominent player in Pakistan’s technology sector, has marked a significant milestone by completing its IPO, which resulted in raising Rs 3.02 billion. The IPO was conducted on the Pakistan Stock Exchange (PSX), which organized a gong ceremony to celebrate the occasion, marking the first listing of the fiscal year 2026-27. This development underscores the growing investor confidence in the technology sector and highlights the company’s strategic growth trajectory. The IPO saw substantial interest from both institutional and retail investors, reflecting the market’s positive sentiment towards the company’s future prospects. The funds raised through this public offering are expected to be utilized for expanding the company’s operational capabilities, investing in new technologies, and enhancing its market presence. The PSX has been actively promoting such listings to encourage more companies to go public, thereby increasing market liquidity and offering investors a diverse range of investment opportunities. The successful completion of Select Technologies’ IPO is seen as a positive indicator for the market, potentially paving the way for more technology firms to consider public listings. Background Select Technologies Limited has been a key player in the technology sector, focusing on innovative solutions and services. The company has seen significant growth over the past few years, driven by an increasing demand for technology-driven solutions across various industries in Pakistan. This IPO is part of the company’s broader strategy to capitalize on the growing market opportunities and to further strengthen its financial position. The Pakistan Stock Exchange has been working towards enhancing its regulatory framework and market infrastructure to facilitate more IPOs. In recent years, the PSX has seen a surge in listings, particularly from the technology sector, which is rapidly becoming a vital component of the national economy. Why It Matters The successful IPO of Select Technologies Limited is significant for several reasons. Economically, it reflects the robust growth potential of Pakistan’s technology sector, which is increasingly attracting both local and international investment. This trend is crucial for diversifying the country’s economic base and reducing reliance on traditional sectors such as agriculture and textiles. Socially, the expansion of technology companies like Select Technologies can lead to job creation and skill development, particularly in the fields of information technology and digital services. This can contribute to addressing the unemployment challenges faced by the country’s burgeoning youth population. Politically, the successful listing of technology firms on the PSX can enhance investor confidence in Pakistan’s economic policies and regulatory environment. It signals to the international community that Pakistan is a viable destination for investment in emerging sectors, potentially leading to increased foreign direct investment. Internationally, the growth of Pakistan’s technology sector positions the country as a competitive player in the global tech market. This can lead to increased exports of technology services and products, contributing positively to the country’s trade balance. Key Takeaways Select Technologies Limited raised Rs 3.02 billion through its IPO. The IPO was the first listing of the fiscal year 2026-27 on the PSX. The funds will be used to expand operations and invest in new technologies. The successful IPO reflects growing investor confidence in Pakistan’s tech sector. This development is expected to encourage more tech firms to consider public listings. 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: July 13, 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.

QUETTA — Nawabzada Amir Hamza Khan Zehri, a leader of the Pakistan Peoples Party (PPP) and provincial adviser for local governments and rural development, paid tribute to the late Nawabzada Mir Siraj Khan Raisani on his eighth death anniversary. Zehri highlighted Raisani’s ultimate sacrifice for the security, peace, and development of Pakistan during a commemorative event held on Monday. What Happened During the event in Quetta, Nawabzada Amir Hamza Khan Zehri emphasized the significant contributions of Mir Siraj Khan Raisani, who was martyred in a tragic attack on July 13, 2011. Raisani, a prominent political figure and leader of the Balochistan Awami Party (BAP), was known for his dedication to improving the socio-economic conditions in Balochistan, a province that has faced numerous challenges over the years. Zehri remarked, “Mir Siraj Khan Raisani’s sacrifice was not in vain. His commitment to peace and development continues to inspire us all.” Raisani’s efforts were particularly focused on fostering unity and stability in a region often plagued by unrest. His assassination was a significant blow to the peace process in Balochistan, but his legacy continues to motivate political leaders and citizens alike. The event was attended by various political figures, community leaders, and citizens who gathered to honor Raisani’s memory. They reiterated the importance of continuing his mission for peace and development in Balochistan. The attendees also called for renewed efforts to address the underlying issues that have historically contributed to instability in the region. Background Mir Siraj Khan Raisani was a member of a prominent political family in Balochistan. His father, Nawab Ghous Bakhsh Raisani, was a well-respected leader, and his brother, Nawab Aslam Raisani, served as the Chief Minister of Balochistan. Mir Siraj Khan Raisani was known for his active involvement in politics and his efforts to promote education and development in his home province. On July 13, 2011, Raisani was killed in a suicide bombing during an election rally in Mastung, Balochistan. The attack, which claimed the lives of over 100 people, was one of the deadliest in the province’s history. It underscored the ongoing security challenges faced by political leaders in Balochistan and highlighted the need for comprehensive strategies to combat terrorism and promote peace. Why It Matters The commemoration of Mir Siraj Khan Raisani’s death anniversary serves as a reminder of the sacrifices made by those who have dedicated their lives to the betterment of Pakistan. Raisani’s assassination was a significant event that highlighted the persistent security threats in Balochistan and the broader implications for Pakistan’s stability. Politically, Raisani’s death was a turning point that galvanized efforts to address the root causes of violence in the region. His legacy continues to influence political discourse, with leaders emphasizing the need for unity and development to counteract extremist narratives. Economically, the instability in Balochistan has hindered investment and development efforts, making it crucial for policymakers to prioritize peace-building initiatives. Socially, Raisani’s commitment to education and development has inspired numerous initiatives aimed at improving the quality of life in Balochistan. His work underscores the importance of investing in human capital as a means of fostering long-term stability and prosperity. Key Takeaways Nawabzada Amir Hamza Khan Zehri paid tribute to Mir Siraj Khan Raisani on his eighth death anniversary. Raisani was a key political figure in Balochistan, known for his commitment to peace and development. His assassination in 2011 highlighted ongoing security challenges in the region. Raisani’s legacy continues to inspire efforts towards unity and socio-economic development in Balochistan. The commemoration underscores the need for continued focus on peace-building and addressing underlying issues in the province. 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: July 13, 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 — Pakistan Under-19 Women’s Captain Fizza Fiaz and South Africa Under-19 Women’s Captain Mieke van Voorst addressed a press conference at the National Stadium ahead of their T20 series. The series is set to begin on October 20, 2023, and will feature a series of matches aimed at fostering young talent and providing international exposure to emerging players. What Happened During the press conference, both captains expressed enthusiasm for the upcoming matches. Fizza Fiaz highlighted the importance of the series for the development of women’s cricket in Pakistan. “This series is a great opportunity for our young players to showcase their talent on an international platform,” she stated. Mieke van Voorst echoed similar sentiments, emphasizing the experience her team hopes to gain from competing in different conditions. The series will consist of five T20 matches, with the first match scheduled for October 20 at the National Stadium in Karachi. The teams will also play matches in Lahore and Rawalpindi, providing a diverse experience of Pakistan’s cricketing venues. The series is part of a broader initiative to promote women’s cricket and encourage more participation at the grassroots level. Both teams have been preparing rigorously. The Pakistan squad has been undergoing intensive training sessions at the National Cricket Academy, focusing on improving their skills and strategies. The South African team, meanwhile, arrived in Pakistan earlier this week and has been acclimatizing to the local conditions through practice matches and training sessions. Background The Under-19 Women’s T20 series marks a significant step in the development of women’s cricket in Pakistan. Historically, women’s cricket has not received the same level of attention and investment as men’s cricket in the country. However, recent years have seen a concerted effort by the Pakistan Cricket Board (PCB) to change this narrative. Initiatives such as the Under-19 series are part of a strategic plan to nurture young talent and provide them with international exposure. South Africa has been a strong proponent of women’s cricket, with their national team consistently performing well on the international stage. The Under-19 series provides an opportunity for their younger players to gain valuable experience and continue the tradition of excellence. Why It Matters The Under-19 Women’s T20 series holds significant importance for several reasons. Economically, it represents an investment in the future of women’s cricket in Pakistan, with potential long-term benefits for the sport’s popularity and commercial viability. Socially, it serves as an inspiration for young girls across the country, demonstrating that cricket is a viable career path for women. Politically, the series is a testament to the improving security situation in Pakistan, allowing international teams to visit and compete. This could lead to more international tours and increased confidence in Pakistan as a safe destination for sports. Internationally, the series strengthens ties between Pakistan and South Africa, promoting cultural exchange and mutual respect through sports. It also aligns with global efforts to promote gender equality in sports, showcasing the potential of women’s cricket on the world stage. Key Takeaways The Under-19 Women’s T20 series between Pakistan and South Africa begins on October 20, 2023. The series aims to develop young talent and increase international exposure for women’s cricket. Matches will be held in Karachi, Lahore, and Rawalpindi, showcasing Pakistan’s cricketing infrastructure. The series is part of efforts by the PCB to promote women’s cricket in Pakistan. The event highlights improving security conditions in Pakistan, encouraging more international sports tours. Source Attribution This article is based on official statements and press releases from the Pakistan Cricket Board and relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 13, 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.