2026

World

Babur’s Legacy Seen As Cultural Bridge Between Uzbekistan And Pakistan

ISLAMABAD — The Ambassador of Uzbekistan to Pakistan, Alisher Tukhtaev, has highlighted the enduring legacy of Mughal Emperor Zahiruddin Muhammad Babur as a cultural bridge between Uzbekistan and Pakistan. Speaking on the historical ties between the two nations, the ambassador emphasized Babur’s multifaceted contributions as a statesman, military leader, poet, and thinker, which continue to resonate across Central and South Asia. What Happened During a recent event, Ambassador Alisher Tukhtaev underscored the significant role of Babur in fostering cultural and historical connections between Uzbekistan and Pakistan. Babur, who founded the Mughal Empire in the Indian subcontinent, was born in Andijan, present-day Uzbekistan, and his legacy is deeply rooted in both Uzbek and Pakistani cultures. The ambassador remarked, “Babur’s life and works are a testament to the shared history and cultural heritage that unite our two nations.” Babur’s contributions extend beyond his military conquests; he was an accomplished poet and writer, whose works provide a vivid account of the society and nature of his time. His autobiography, the Baburnama, is considered a masterpiece of literature and offers insights into the cultural and social dynamics of the 16th century. Ambassador Tukhtaev noted that Babur’s literary and cultural achievements continue to inspire scholars and historians in both countries. The ambassador also highlighted ongoing efforts to strengthen cultural ties between Uzbekistan and Pakistan, including academic exchanges and collaborative cultural projects. These initiatives aim to deepen mutual understanding and appreciation of the rich historical connections that Babur symbolizes. Background Zahiruddin Muhammad Babur, born in 1483 in the Fergana Valley, was a descendant of Timur on his father’s side and Genghis Khan on his mother’s side. After a series of military campaigns, he established the Mughal Empire in 1526, which marked the beginning of a new era in the Indian subcontinent. The Mughals brought significant advancements in architecture, art, and culture, leaving a lasting impact on the region. Babur’s autobiography, the Baburnama, written in Chagatai Turkish, provides a detailed account of his life, including his observations on the geography, flora, and fauna of the lands he conquered. This work remains an important historical document, offering insights into the early 16th-century world. Uzbekistan and Pakistan have long shared historical and cultural ties, with Babur’s legacy serving as a focal point for these connections. Both countries have engaged in various cultural and educational exchanges to celebrate their shared heritage and promote mutual understanding. Why It Matters The emphasis on Babur’s legacy as a cultural bridge between Uzbekistan and Pakistan is significant in the context of fostering regional cooperation and understanding. By celebrating shared historical figures like Babur, both countries can strengthen their bilateral relations and promote cultural diplomacy. Cultural exchanges and collaborations, inspired by historical figures such as Babur, can lead to increased people-to-people connections, enhancing tourism and educational opportunities. These interactions can also pave the way for economic partnerships, benefiting both nations. In a broader context, the celebration of Babur’s legacy highlights the importance of historical and cultural diplomacy in building bridges between nations. As Uzbekistan and Pakistan continue to explore their shared heritage, there is potential for deeper collaboration in various sectors, including trade, education, and tourism. Key Takeaways Ambassador Alisher Tukhtaev emphasizes Babur’s legacy as a cultural bridge between Uzbekistan and Pakistan. Babur’s contributions as a statesman, poet, and thinker continue to resonate in both nations. Ongoing cultural and academic exchanges aim to strengthen bilateral relations. Babur’s legacy underscores the importance of historical and cultural diplomacy. Shared heritage can enhance regional cooperation and economic partnerships. Source Attribution This article is based on official statements and public communications from the Embassy of Uzbekistan in Pakistan. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: August 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.

Pakistan

DEMP Celebrates Pakistan’s 78th Independence Day with Art Competition

ISLAMABAD — The Directorate of Electronic Media and Publications (DEMP) under the Ministry of Information and Broadcasting organized a painting competition at the Information Services Academy (ISA) on Thursday to commemorate Pakistan’s 78th Independence Anniversary. The event aimed to engage the youth in patriotic activities and foster a sense of national pride. What Happened The painting competition, held at the ISA in Islamabad, drew participants from various educational institutions across the city. The event was part of a series of activities organized by the DEMP to celebrate the country’s independence. Students were encouraged to express their creativity by depicting themes related to Pakistan’s history, culture, and achievements since its founding in 1947. The competition featured a panel of judges comprising renowned artists and educators who evaluated the artworks based on creativity, relevance to the theme, and artistic skill. Winners were awarded certificates and prizes to acknowledge their efforts and talent. A spokesperson for the DEMP stated, “This competition is an opportunity for young artists to showcase their skills and express their love for the country through art.” Participants expressed enthusiasm about the event, noting that it provided a platform to convey their vision of Pakistan. One participant remarked, “Painting allows us to connect with our history and express our hopes for the future of our nation.” The event concluded with a small ceremony where the winners were announced, and their artworks were displayed for public viewing. Background Pakistan’s Independence Day, celebrated annually on August 14, marks the country’s freedom from British rule in 1947. Over the years, the day has been commemorated with various events, including parades, flag-hoisting ceremonies, and cultural programs. The DEMP, responsible for promoting government policies and initiatives through media, often organizes events to engage the public in national celebrations. The tradition of holding art competitions during Independence Day celebrations is intended to involve the younger generation in activities that promote national identity and cultural heritage. Such events are seen as a means to educate the youth about the country’s history and inspire them to contribute positively to its future. Why It Matters The painting competition organized by the DEMP holds significant importance in fostering a sense of national pride among the youth. By engaging young artists in activities that celebrate Pakistan’s independence, the event helps instill a deeper understanding of the country’s history and cultural values. This is crucial in a nation where the majority of the population is under the age of 30, as it encourages them to take an active role in shaping the country’s future. Moreover, the competition provides a platform for young talents to gain recognition and encouragement, which can be pivotal in nurturing future artists and cultural ambassadors. In a broader context, such initiatives contribute to the preservation and promotion of Pakistan’s rich artistic heritage, which is an integral part of its national identity. On an international level, events like these showcase Pakistan’s commitment to promoting peace and unity through cultural expression. They highlight the country’s efforts to engage its citizens in constructive and creative pursuits, countering negative stereotypes and fostering a positive image globally. Key Takeaways The DEMP organized a painting competition to celebrate Pakistan’s 78th Independence Anniversary. The event aimed to engage youth in patriotic activities and promote national pride. Participants expressed their vision of Pakistan through art, with winners receiving recognition and prizes. Such events play a crucial role in educating the youth about the country’s history and cultural heritage. The initiative contributes to preserving Pakistan’s artistic heritage and promoting its positive image internationally. Source Attribution This article is based on official government statements 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: August 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.

Pakistan

Minister Ahsan Iqbal Calls For Five-Year Export Plans From Industry

ISLAMABAD — Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, on Wednesday called on Pakistan’s private sector to develop comprehensive five-year export plans. He emphasized that transitioning from discussions to actionable strategies is crucial for achieving export-led growth, which is vital for the country’s economic stability and sustainable development. What Happened During a meeting with industry leaders in Islamabad, Minister Ahsan Iqbal urged the private sector to take a proactive role in crafting long-term export strategies. He highlighted the necessity of moving beyond mere dialogue to implement concrete actions that would bolster Pakistan’s export capabilities. “Export-led growth is essential for Pakistan’s economic stability, self-reliance, and sustainable development,” stated Iqbal, underscoring the importance of setting clear, achievable targets. The minister’s call to action comes at a time when Pakistan faces significant economic challenges, including a trade deficit and reliance on imports. Iqbal stressed that the private sector must align with governmental policies aimed at enhancing export performance. He noted that the government is ready to support industries in this endeavor through policy facilitation and infrastructure development. Iqbal’s remarks were part of a broader dialogue focused on revitalizing Pakistan’s export sector, which has struggled to keep pace with regional competitors. He encouraged industry leaders to innovate and diversify their export products to meet global market demands. “We need to identify new markets and develop products that can compete internationally,” he added. Background Pakistan’s export sector has historically been dominated by textiles, which account for a significant portion of the country’s export revenue. However, in recent years, the sector has faced challenges due to global competition, fluctuating demand, and domestic economic constraints. The government has previously launched various initiatives to support exporters, including tax incentives and subsidies, but these measures have had limited success in significantly boosting export volumes. In the past, Pakistan has set ambitious export targets, yet achieving these goals has been hindered by infrastructural deficiencies, energy shortages, and a lack of innovation in product development. The current economic climate, exacerbated by the COVID-19 pandemic, has further strained the export sector, making it imperative for the government and private sector to collaborate on sustainable growth strategies. Why It Matters The call for five-year export plans is a strategic move aimed at addressing Pakistan’s economic vulnerabilities. By focusing on export-led growth, the country can reduce its trade deficit, increase foreign exchange reserves, and foster economic self-reliance. This approach is particularly important as Pakistan seeks to stabilize its economy and reduce dependency on international financial assistance. For the private sector, developing long-term export strategies can lead to increased competitiveness in global markets. By diversifying export products and exploring new markets, businesses can mitigate risks associated with market fluctuations and enhance their profitability. This, in turn, can lead to job creation and economic growth, benefiting the broader population. Furthermore, aligning private sector efforts with government policies can create a more cohesive economic strategy, ensuring that resources are effectively utilized to support export growth. This collaboration is essential for overcoming the structural challenges that have historically impeded Pakistan’s export performance. Key Takeaways Minister Ahsan Iqbal urged the private sector to develop five-year export plans to drive economic growth. Export-led growth is seen as crucial for Pakistan’s economic stability and self-reliance. The government is committed to supporting industries through policy facilitation and infrastructure development. Challenges such as global competition and domestic constraints have historically hindered Pakistan’s export sector. Collaboration between the government and private sector is essential for achieving sustainable export growth. Source Attribution This article is based on official government statements 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: August 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.

Pakistan

Pakistan and Belarus Sign Agreements to Boost Bilateral Cooperation

ISLAMABAD — Pakistan and Belarus have signed a protocol for the 9th Session of the Pakistan-Belarus Joint Ministerial Commission (JMC) on Trade and Economic Cooperation, along with a Memorandum of Understanding (MoU) on media cooperation. The agreements, finalized on Wednesday, aim to strengthen trade, investment, and media collaboration between the two countries. What Happened The signing ceremony took place in Islamabad, where representatives from both nations gathered to formalize the agreements. The protocol of the JMC session focuses on enhancing trade and economic ties, which have been a priority for both countries. The MoU on media cooperation is intended to foster better understanding and collaboration between the media sectors of Pakistan and Belarus. The Joint Ministerial Commission serves as a platform for both countries to discuss and resolve issues related to trade, investment, and economic cooperation. This year’s session highlighted the importance of diversifying economic relations, with a particular focus on sectors such as agriculture, industry, and technology. Belarusian officials emphasized the potential for increased collaboration in various fields, including education and science. The MoU on media cooperation aims to facilitate the exchange of information and best practices between media organizations in both countries, thereby promoting a more informed and balanced view of each other’s cultures and societies. Background Pakistan and Belarus have been working to strengthen their bilateral relations since the establishment of diplomatic ties in 1994. Over the years, both countries have signed numerous agreements to enhance cooperation in various sectors, including trade, education, and technology. The Joint Ministerial Commission, established in 2015, has been instrumental in identifying areas of mutual interest and facilitating dialogue between the two nations. Previous sessions have resulted in agreements on enhancing trade volumes and exploring new areas for collaboration. The media MoU is part of a broader strategy to improve cultural and informational exchanges, which have been relatively limited in the past. By fostering media cooperation, both countries aim to build a more robust understanding of each other’s societies and promote people-to-people connections. Why It Matters The agreements between Pakistan and Belarus are significant for several reasons. Economically, they represent a commitment to expanding trade and investment opportunities, which could lead to job creation and economic growth in both countries. By focusing on sectors such as agriculture and technology, the agreements aim to leverage each country’s strengths and address mutual needs. Socially, the media MoU is expected to enhance cultural exchanges and promote a more nuanced understanding of each country’s societal dynamics. This can help dispel stereotypes and foster a more positive image of both nations on the international stage. Politically, the strengthened ties between Pakistan and Belarus could lead to greater collaboration on regional and international issues. As both countries seek to diversify their international partnerships, these agreements could serve as a foundation for more comprehensive cooperation in the future. For Pakistan, the agreements align with its broader strategy to enhance economic diplomacy and build stronger ties with countries beyond its immediate neighbors. By engaging with Belarus, Pakistan is exploring new markets and opportunities for collaboration, which could have long-term benefits for its economy and international standing. Key Takeaways Pakistan and Belarus signed a protocol for the 9th Session of the Joint Ministerial Commission on Trade and Economic Cooperation. A Memorandum of Understanding on media cooperation was also signed to enhance cultural and informational exchanges. The agreements aim to strengthen bilateral trade, investment, and media collaboration. Both countries have been working to enhance their bilateral relations since 1994. The agreements align with Pakistan’s strategy to diversify its international partnerships and enhance economic diplomacy. 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: August 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.

Pakistan

Pakistan Blues Triumph Over Pakistan Gold in National Champions Cup Clash

MULTAN — Pakistan Blues secured a victory against Pakistan Gold in a thrilling match of the National Champions Cup 2026–27, held at the Multan Cricket Stadium. The match, characterized by intense competition and remarkable performances, concluded with Pakistan Blues emerging victorious, much to the delight of their fans. What Happened The National Champions Cup 2026–27 witnessed a gripping encounter between Pakistan Blues and Pakistan Gold at the Multan Cricket Stadium. The match was marked by strategic plays and exceptional individual performances. Pakistan Blues, showcasing a strong bowling attack, managed to restrict Pakistan Gold to a modest total. The turning point came when the Blues’ bowlers executed a series of successful deliveries, leading to the fall of crucial wickets. Celebrations erupted among the Pakistan Blues players as they took a pivotal wicket, underscoring their dominance in the game. The crowd at Multan Cricket Stadium was treated to a display of sportsmanship and skill, with Pakistan Blues’ players demonstrating excellent teamwork and coordination. The match was not only a test of skill but also a display of the strategic acumen of both teams. Pakistan Gold, despite their efforts, struggled to maintain a steady run rate against the disciplined bowling of Pakistan Blues. The Blues’ bowlers, backed by agile fielding, ensured that the opposition was kept under constant pressure. Background The National Champions Cup is a prestigious cricket tournament in Pakistan, bringing together top teams from across the nation. The 2026–27 edition of the tournament has been eagerly anticipated by cricket enthusiasts, with teams vying for the coveted title. The tournament serves as a platform for emerging talent to showcase their skills on a national stage, contributing to the development of cricket in the country. Historically, the National Champions Cup has been a breeding ground for future stars of Pakistan cricket. It provides players with the opportunity to compete at a high level, gaining valuable experience and exposure. The competition also plays a crucial role in maintaining the popularity and growth of cricket in Pakistan. Why It Matters The outcome of the match between Pakistan Blues and Pakistan Gold holds significant implications for the tournament standings and the future prospects of the players involved. For Pakistan Blues, the victory boosts their confidence and strengthens their position in the tournament. It also highlights the effectiveness of their team strategy and the depth of talent within their squad. From a broader perspective, the National Champions Cup is vital for the development of cricket in Pakistan. It provides a competitive environment for players to hone their skills and gain recognition. The tournament also attracts attention from national selectors, who scout for potential candidates for the national team. Success in the tournament can propel players into the national spotlight, opening doors to international opportunities. Moreover, cricket remains an integral part of Pakistan’s cultural and social fabric. Events like the National Champions Cup foster community engagement and national pride, bringing people together to celebrate their shared passion for the sport. The tournament’s success contributes to the overall growth of cricket, ensuring its continued prominence in Pakistan’s sporting landscape. Key Takeaways Pakistan Blues defeated Pakistan Gold in a key match of the National Champions Cup 2026–27. The match featured strong performances from Pakistan Blues’ bowlers, leading to their victory. The National Champions Cup serves as a crucial platform for emerging cricket talent in Pakistan. The tournament impacts national team selection and the future of players involved. Cricket remains a vital aspect of Pakistan’s cultural and social identity. 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: August 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.

Pakistan

Snow Leopard Thrives Under Wildlife Department’s Care in Naltar Valley

GILGIT — A snow leopard, currently under the care of the Wildlife Department in Naltar Valley, has become a symbol of successful wildlife conservation efforts in Pakistan. Originally brought from Khunjerab, Hunza, in 2016, the snow leopard is now approximately 12 years old and continues to thrive in its current habitat. What Happened The snow leopard, which was relocated to Naltar Valley seven years ago, is part of a broader initiative to protect and preserve endangered species in Pakistan. The Wildlife Department has been actively involved in ensuring the well-being of this majestic creature, providing it with a safe and nurturing environment. The animal’s presence in Naltar Valley has not only raised awareness about wildlife conservation but also attracted tourists and researchers interested in studying this elusive species. According to officials from the Wildlife Department, the snow leopard’s health is regularly monitored, and it receives a diet that mimics its natural food sources. The department has also implemented measures to ensure the security of the leopard, protecting it from potential threats such as poaching and habitat encroachment. “We are committed to the conservation of snow leopards and other endangered species in the region,” stated a Wildlife Department official. “Our efforts are focused on creating a sustainable environment where these animals can thrive.” In addition to its conservation efforts, the department has been working on community engagement programs to educate the local population about the importance of preserving wildlife. These initiatives aim to foster a sense of responsibility among the residents, encouraging them to participate actively in conservation activities. Background Snow leopards are native to the mountain ranges of Central and South Asia, including the northern regions of Pakistan. They are classified as vulnerable by the International Union for Conservation of Nature (IUCN), with an estimated population of fewer than 10,000 mature individuals in the wild. The primary threats to their survival include habitat loss, poaching, and retaliatory killings by herders who view them as a threat to livestock. In Pakistan, the government and various non-governmental organizations have been working together to implement conservation strategies aimed at protecting snow leopards. These efforts include habitat restoration, anti-poaching patrols, and community-based conservation programs. The relocation of the snow leopard to Naltar Valley is part of these broader conservation initiatives. Why It Matters The successful care and preservation of the snow leopard in Naltar Valley hold significant implications for wildlife conservation in Pakistan. By safeguarding this endangered species, the Wildlife Department is contributing to the global efforts to maintain biodiversity and ecological balance. The presence of the snow leopard in Naltar Valley serves as a reminder of the rich natural heritage of the region and the need to protect it for future generations. Economically, the conservation of snow leopards has the potential to boost eco-tourism in the region. Tourists and researchers drawn to the area by the opportunity to observe these rare animals can provide a source of income for local communities. This, in turn, can encourage further investment in conservation efforts and infrastructure development. Socially, the conservation programs have fostered a greater awareness and appreciation for wildlife among the local population. By involving communities in conservation activities, the Wildlife Department is helping to build a culture of environmental stewardship that can have lasting positive effects on the region’s ecological health. Key Takeaways The snow leopard in Naltar Valley is thriving under the care of the Wildlife Department. Efforts include habitat protection, health monitoring, and community engagement. Snow leopards are classified as vulnerable, with fewer than 10,000 mature individuals in the wild. Conservation efforts have economic and social benefits, including potential for eco-tourism. Community involvement is crucial for the success of conservation initiatives. 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: August 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.

Pakistan

Heavy Machinery Deployed for Underpass Construction on Park Road, Islamabad

ISLAMABAD — Heavy machinery has been deployed at an underpass construction site along Park Road in Islamabad, signaling significant progress in the development work within the federal capital. The project, aimed at easing traffic congestion, is a part of the city’s broader infrastructure development plan. What Happened The deployment of heavy machinery marks a crucial phase in the construction of an underpass on Park Road, a key artery in Islamabad’s transportation network. The development is expected to streamline traffic flow, particularly during peak hours, and reduce travel time for commuters. According to officials overseeing the project, the construction is progressing on schedule, with the machinery being used for excavation and foundational work. The Capital Development Authority (CDA), responsible for the project, has emphasized the importance of this development in addressing the growing traffic demands of the city. A CDA spokesperson stated, “The underpass is designed to alleviate traffic congestion and improve the overall efficiency of the road network in Islamabad.” The project is part of a series of infrastructure enhancements planned for the capital to accommodate its expanding population and increasing vehicular load. The underpass on Park Road is strategically located to serve as a critical junction, linking various residential and commercial areas. This initiative is expected to benefit thousands of daily commuters, including those traveling to educational institutions and business centers situated along the road. Background Islamabad has been experiencing rapid urbanization, leading to increased traffic congestion on its roads. The city’s master plan includes several infrastructure projects aimed at addressing these challenges. The construction of underpasses and flyovers has been prioritized to ensure smooth traffic flow and enhance connectivity between different parts of the city. Park Road has long been identified as a bottleneck due to its high traffic volume. Previous studies conducted by the CDA highlighted the need for an underpass to facilitate uninterrupted traffic movement. This project is part of a larger initiative that includes the expansion of existing roads and the construction of new routes to support the city’s growth. Why It Matters The construction of the underpass on Park Road holds significant implications for Islamabad’s urban development and transportation infrastructure. By addressing traffic congestion, the project is expected to improve the quality of life for residents and enhance the city’s economic productivity. Reduced travel time will not only benefit daily commuters but also contribute to lower fuel consumption and emissions, aligning with environmental sustainability goals. Economically, the improved traffic flow can attract businesses and investments by providing better accessibility to commercial areas. This development is likely to stimulate economic activity and create job opportunities, contributing to the city’s economic growth. Socially, the project underscores the government’s commitment to enhancing urban infrastructure and improving public services. It reflects the ongoing efforts to modernize Islamabad’s transportation network, making it more efficient and responsive to the needs of its residents. Internationally, successful infrastructure projects like this can enhance Pakistan’s image as a country capable of executing large-scale urban development initiatives. It demonstrates the government’s ability to plan and implement projects that meet international standards, potentially attracting foreign investment in future projects. Key Takeaways Heavy machinery has been deployed for the underpass construction on Park Road, Islamabad. The project aims to reduce traffic congestion and improve travel efficiency. It is part of Islamabad’s broader infrastructure development plan to support urban growth. The project is expected to have economic, social, and environmental benefits. Successful completion may enhance Pakistan’s international investment appeal. 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: August 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.

Pakistan

Gold Price Increases by Rs4,200 Per Tola Amid Economic Fluctuations

ISLAMABAD — The price of gold in Pakistan surged on Wednesday, marking a significant increase of Rs4,200 per tola, as reported by the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-karat gold now stands at Rs463,936 per tola. Additionally, the price of 24-karat gold for 10 grams rose by Rs3,601, reaching Rs397,750. What Happened The gold market in Pakistan experienced a notable rise in prices, driven by various economic factors and market dynamics. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased by Rs4,200 per tola, bringing the new rate to Rs463,936. Similarly, the price for 10 grams of 24-karat gold escalated by Rs3,601, setting the new price at Rs397,750. This adjustment in gold prices is reflective of the broader trends in the international market, where gold prices have been fluctuating due to economic uncertainties and geopolitical tensions. The increase in gold prices is attributed to several factors, including the depreciation of the Pakistani rupee against the US dollar, which has led to higher import costs for gold. Additionally, global market trends, such as inflation fears and changes in interest rates, have contributed to the volatility in gold prices. The demand for gold as a safe-haven asset typically rises during times of economic instability, further driving up prices. Background Historically, gold has been a popular investment in Pakistan, serving as a hedge against inflation and currency depreciation. The country’s gold market is influenced by both domestic and international factors. Over the past few years, the price of gold has seen significant fluctuations, largely due to the impact of global economic conditions, including the COVID-19 pandemic, which disrupted supply chains and affected market demand worldwide. In Pakistan, the gold market is also affected by local factors such as changes in government policies, taxation, and import duties. The All Pakistan Sarafa Gems and Jewellers Association plays a crucial role in setting and announcing gold prices, which are closely monitored by investors and consumers alike. Why It Matters The increase in gold prices has significant implications for various stakeholders in Pakistan. For consumers, particularly those planning weddings or other significant life events, the rise in gold prices can lead to increased costs for jewelry purchases. This can affect consumer spending patterns and potentially reduce demand for gold jewelry in the short term. For investors, the rise in gold prices presents both opportunities and challenges. Those holding gold as part of their investment portfolio may see an increase in the value of their assets. However, new investors may find it more expensive to enter the market, potentially limiting their investment options. Economically, the rise in gold prices can impact the country’s trade balance. As gold imports become more expensive, this can lead to a higher trade deficit, putting additional pressure on the national currency. The government may need to consider policy measures to stabilize the economy and manage the impact of rising gold prices on the broader economy. Key Takeaways The price of 24-karat gold in Pakistan increased by Rs4,200 per tola, reaching Rs463,936. The price for 10 grams of 24-karat gold rose by Rs3,601 to Rs397,750. Factors contributing to the price increase include the depreciation of the Pakistani rupee and global economic uncertainties. The rise in gold prices affects consumers, investors, and the national economy. Government policy measures may be needed to address the economic impact of rising gold prices. Source Attribution This article is based on official statements from the All Pakistan Sarafa Gems and Jewellers Association 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: August 12, 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.

Pakistan

SCCI and Customs Collaborate to Address Exporters’ Challenges

SIALKOT — The Sialkot Chamber of Commerce & Industry (SCCI) and the Customs Department convened a meeting on August 12 to address pressing challenges faced by exporters under the Export Facilitation Scheme (EFS). The discussion was led by SCCI President Syed Ahtesham Mazhar and Vice President Salman Sheikh, with Syed Ali Abbas Gardazi, Collector of Customs, Sambrial, in attendance at the SCCI Auditorium. What Happened The meeting was a concerted effort to identify and mitigate the hurdles exporters encounter in utilizing the Export Facilitation Scheme, a critical initiative aimed at boosting Pakistan’s export sector. Key stakeholders, including exporters and customs officials, engaged in a thorough dialogue to explore practical solutions to streamline export processes and enhance efficiency. Syed Ahtesham Mazhar emphasized the importance of collaboration between the SCCI and Customs to resolve issues swiftly. “Our exporters are the backbone of the economy, and it is imperative that we provide them with the necessary support and facilitation,” he stated. Syed Ali Abbas Gardazi highlighted the Customs Department’s commitment to facilitating exporters by reducing bureaucratic obstacles and ensuring a more seamless process. He assured the participants that the department is actively working on policy adjustments to better align with the needs of the export community. Several specific issues were discussed, including delays in customs clearance, the need for improved communication channels between exporters and customs officials, and the simplification of documentation requirements. The meeting concluded with a consensus on the necessity for ongoing dialogue and cooperation to address these challenges effectively. Background The Export Facilitation Scheme was introduced as part of Pakistan’s broader strategy to enhance its export capabilities and competitiveness in international markets. Historically, exporters in Pakistan have faced numerous challenges, including complex regulatory requirements and inefficient logistical processes. The scheme aims to simplify these processes, providing exporters with a more conducive environment to operate. In recent years, the government has made concerted efforts to bolster the export sector, recognizing its vital role in economic growth and foreign exchange earnings. The SCCI, representing one of Pakistan’s most industrially active regions, plays a pivotal role in advocating for policies that support exporters. Why It Matters The collaboration between the SCCI and the Customs Department is a significant step towards addressing systemic issues that hinder export growth. By focusing on the practical challenges faced by exporters, the meeting underscores the need for a responsive and adaptive policy framework that can keep pace with the dynamic nature of global trade. Economically, resolving these issues is crucial for Pakistan’s export sector, which is a major contributor to the national GDP. Enhancing export efficiency can lead to increased foreign exchange reserves, reduced trade deficits, and greater economic stability. Socially, a thriving export sector can lead to job creation and improved livelihoods for thousands of Pakistanis involved in manufacturing and export-related industries. Politically, demonstrating a commitment to improving export facilitation can enhance the government’s credibility and strengthen its position in international trade negotiations. Internationally, improving export processes aligns with global trade standards and can boost Pakistan’s reputation as a reliable trading partner. This can lead to increased foreign investment and stronger economic ties with other countries. Key Takeaways The SCCI and Customs Department are actively collaborating to address exporters’ challenges under the Export Facilitation Scheme. Key issues include delays in customs clearance and the need for improved communication and simplified documentation. The Export Facilitation Scheme is part of a broader strategy to enhance Pakistan’s export capabilities. Resolving these challenges is crucial for economic growth, job creation, and international trade relations. The meeting emphasizes the importance of ongoing dialogue and cooperation between stakeholders. Source Attribution This article is based on official statements and public communications from the Sialkot Chamber of Commerce & Industry and the Customs Department. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: August 12, 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.

World

Pakistani Potatoes Gain Access to 36 International Markets

ISLAMABAD — Pakistani potatoes have secured export access to 36 international markets, as confirmed by the Ministry of National Food Security and Research. This development is part of ongoing efforts to enhance the country’s agricultural export portfolio and diversify its economic base. What Happened The Ministry of National Food Security and Research, through its Department of Plant Protection (DPP), has successfully facilitated the entry of Pakistani potatoes into 36 global markets. The export process involves meeting various requirements, ranging from routine phytosanitary certification to obtaining specific import permits and adhering to additional country-specific conditions. This strategic move aims to bolster Pakistan’s agricultural exports and improve the trade balance by tapping into new markets. According to official documents, the DPP has meticulously compiled a comprehensive Market Access and Sanitary and Phytosanitary (SPS) compliance framework to ensure that Pakistani potatoes meet the stringent standards set by importing countries. This framework is designed to address the diverse regulatory requirements of each market, ensuring that the potatoes are free from pests and diseases, thereby safeguarding the agricultural interests of the importing nations. A spokesperson from the Ministry emphasized the significance of this achievement, stating, “This access to 36 markets is a testament to the quality and competitiveness of Pakistani agricultural products on the global stage. We are committed to expanding our reach and enhancing the reputation of Pakistani produce worldwide.” Background The journey to gaining market access for Pakistani potatoes has been a concerted effort involving various stakeholders, including government bodies, agricultural experts, and trade representatives. Historically, Pakistan’s agricultural exports have been dominated by a few key products, such as rice and cotton. However, recent years have seen a strategic shift towards diversifying the export base to include a wider range of agricultural products. The Department of Plant Protection has played a pivotal role in this process by ensuring compliance with international standards and negotiating market access agreements. This initiative is part of a broader government strategy to enhance the competitiveness of Pakistan’s agricultural sector and increase its contribution to the national economy. Why It Matters The expansion of export markets for Pakistani potatoes holds significant economic implications. Agriculture is a cornerstone of Pakistan’s economy, contributing approximately 24% to the GDP and employing nearly half of the labor force. By opening new markets, the government aims to increase foreign exchange earnings, reduce trade deficits, and stimulate rural development. Moreover, access to diverse international markets reduces the risk associated with dependency on a limited number of export destinations. This diversification is crucial for ensuring the resilience of Pakistan’s agricultural sector against global market fluctuations and trade barriers. On a social level, increased agricultural exports can lead to job creation and improved livelihoods for farmers and rural communities. By providing farmers with access to international markets, the government is enabling them to fetch better prices for their produce, thereby enhancing their income and standard of living. Internationally, the acceptance of Pakistani potatoes in multiple markets enhances the country’s reputation as a reliable supplier of quality agricultural products. This can pave the way for further trade agreements and collaborations, strengthening Pakistan’s position in the global agricultural trade network. Key Takeaways Pakistani potatoes now have export access to 36 international markets. The Department of Plant Protection has ensured compliance with international standards. This development is part of a broader strategy to diversify Pakistan’s agricultural exports. Increased exports are expected to boost foreign exchange earnings and rural development. Access to new markets enhances Pakistan’s reputation as a quality agricultural supplier. 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: August 12, 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.

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