2026

Pakistan

Exports Central to Pakistan’s Long-Term Economic Strategy, Says ICCI President

ISLAMABAD — The President of the Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, emphasized the need for a comprehensive and long-term economic strategy centered on exports to ensure sustainable growth in Pakistan. Speaking on Friday, Mehmood highlighted that fragmented and short-term policies are no longer viable for the country’s economic future. What Happened Sardar Tahir Mehmood, addressing members of the ICCI, called for a strategic shift in Pakistan’s economic policy framework. He stressed the importance of a well-defined roadmap that prioritizes exports as a core component of the nation’s economic strategy. “Pakistan needs continuity, policy consistency, and a shared national economic vision,” Mehmood stated, emphasizing the necessity for a unified approach to economic planning. Mehmood pointed out that the current economic challenges facing Pakistan require a concerted effort from both the government and the private sector. He argued that without a focus on exports, Pakistan would struggle to achieve the economic stability and growth needed to improve the living standards of its citizens. The ICCI President also called for reforms that would enhance the competitiveness of Pakistani products in international markets. During his address, Mehmood highlighted several key areas that need immediate attention, including the diversification of export products, improving the ease of doing business, and enhancing trade facilitation measures. He also urged the government to engage in policy dialogues with stakeholders to create an environment conducive to export-led growth. Background Pakistan’s economy has historically been challenged by a lack of diversification and reliance on a narrow range of export products, primarily textiles and agricultural goods. Over the years, inconsistent policies and political instability have hindered the development of a robust export sector. Previous attempts to boost exports have often been short-lived due to policy reversals and lack of follow-through. The country has faced significant economic challenges, including a growing trade deficit, inflation, and a depreciating currency. These issues have been exacerbated by global economic conditions and domestic structural weaknesses. In recent years, there has been a push from various economic bodies and experts to reorient the economic strategy towards sustainable growth through exports. Why It Matters The emphasis on exports is critical for Pakistan as it seeks to stabilize its economy and reduce its trade deficit. By focusing on exports, Pakistan can generate foreign exchange reserves, which are vital for maintaining economic stability and funding essential imports. A robust export sector can also lead to job creation, technological advancement, and increased competitiveness in global markets. In the broader context, a shift towards an export-oriented economic strategy aligns with global economic trends where countries are increasingly focusing on trade to drive growth. For Pakistan, this means not only expanding its traditional export sectors but also developing new ones, such as information technology and services, which have significant growth potential. Furthermore, by adopting a long-term and consistent economic policy framework, Pakistan can attract foreign investment, which is crucial for industrial growth and infrastructure development. This approach can help mitigate the impacts of global economic fluctuations and provide a stable environment for businesses to thrive. Key Takeaways Sardar Tahir Mehmood, ICCI President, calls for a long-term economic strategy focused on exports. Mehmood emphasizes the need for policy consistency and a shared national economic vision. Current economic challenges necessitate a shift from fragmented, short-term policies. Pakistan’s export diversification and competitiveness are crucial for economic stability. A robust export strategy can lead to job creation and attract foreign investment. Source Attribution This article is based on official statements and public communications from the Islamabad Chamber of Commerce and Industry. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 19, 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

PSX Surges With 1,841-Point Gain Amid Positive Market Sentiment

ISLAMABAD — The Pakistan Stock Exchange (PSX) experienced a significant upswing on Friday, with the benchmark KSE-100 Index climbing by 1,841.39 points, marking a 1.09 percent increase. The index closed at 170,884.59 points, up from the previous session’s 169,043.20 points. What Happened The PSX witnessed a bullish trend, driven by investor optimism and increased trading activity. The trading volume soared to 576.258 million shares, a substantial rise from the 386.368 million shares recorded in the prior session. This surge in trading volume indicates heightened investor interest and confidence in the market’s potential for growth. Market analysts attribute this positive momentum to several factors, including favorable economic indicators and improved investor sentiment. The recent stability in the Pakistani rupee against the US dollar and encouraging economic data have bolstered market confidence. Additionally, the government’s efforts to attract foreign investment and stimulate economic growth have played a crucial role in boosting investor morale. A senior market analyst commented, “The recent rally in the PSX is a reflection of the improving economic landscape in Pakistan. Investors are responding positively to the government’s economic policies, which are aimed at fostering growth and stability.” The sectors that saw significant gains included banking, cement, and technology. These sectors have been beneficiaries of recent policy measures and are expected to continue their upward trajectory. The banking sector, in particular, has shown resilience, supported by improved profitability and a stable interest rate environment. Background The Pakistan Stock Exchange has experienced volatility in recent months, influenced by both domestic and international factors. The economic challenges posed by the COVID-19 pandemic, coupled with geopolitical tensions, have contributed to fluctuations in the market. However, recent policy interventions by the government and the State Bank of Pakistan have aimed to stabilize the economy and restore investor confidence. Historically, the PSX has been a barometer of the country’s economic health, reflecting both the challenges and opportunities facing Pakistan. The government’s focus on economic reforms, infrastructure development, and investment in key sectors has been pivotal in shaping market trends. Why It Matters The recent surge in the PSX is significant for several reasons. Firstly, it reflects a renewed sense of optimism among investors, which is crucial for sustaining economic growth. A robust stock market can attract both domestic and foreign investment, providing much-needed capital for businesses and contributing to job creation. Secondly, the performance of the PSX serves as an indicator of the broader economic environment. A rising stock market often signals confidence in the government’s economic policies and the country’s growth prospects. This can have a positive impact on consumer confidence and spending, further stimulating economic activity. Moreover, the PSX’s performance has implications for Pakistan’s international standing. A strong stock market can enhance the country’s attractiveness as an investment destination, encouraging foreign investors to explore opportunities in various sectors. This can lead to increased foreign direct investment, which is vital for economic development and infrastructure projects. Finally, the gains in the PSX highlight the resilience of the Pakistani economy in the face of challenges. Despite global economic uncertainties, the market’s positive trajectory underscores the potential for recovery and growth. Key Takeaways The PSX KSE-100 Index surged by 1,841.39 points, closing at 170,884.59 points. Trading volume increased significantly to 576.258 million shares. Investor optimism is driven by favorable economic indicators and government policies. Key sectors showing gains include banking, cement, and technology. The PSX’s performance reflects broader economic confidence and potential for growth. 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 19, 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

Government Initiates Steps to Enhance IT Education Standards

ISLAMABAD — The Pakistani government is taking significant measures to enhance the standards of IT education across the country. On Saturday, Federal Minister for Economic Affairs and Establishment Senator Ahad Cheema emphasized the need for a robust framework to address the issue of unaccredited IT institutions. This initiative aims to protect students from enrolling in unrecognized programs and to ensure that IT graduates possess skills that are competitive on an international level. What Happened During a high-level meeting held to review the current IT skills assessment framework, Senator Ahad Cheema highlighted the urgent need to establish a comprehensive mechanism that would oversee the accreditation of IT institutions. The meeting, attended by key stakeholders from the education and IT sectors, focused on developing strategies to improve the quality of IT education in Pakistan. Senator Cheema stated, “It is imperative that we protect our students from unaccredited institutions and ensure that our IT graduates are equipped with skills that meet global standards.” The minister stressed the importance of collaboration between government bodies, educational institutions, and industry leaders to create a cohesive strategy that would enhance the quality of IT education. The meeting concluded with a consensus on the need for a standardized accreditation process for IT institutions. This process would involve regular assessments and evaluations to ensure compliance with international educational standards. The government also plans to introduce policies that would encourage IT institutions to upgrade their curricula and faculty to align with global trends. Background The move to strengthen IT education standards comes in response to growing concerns about the proliferation of unaccredited IT institutions in Pakistan. Over the past decade, the demand for IT education has surged, leading to the establishment of numerous private institutions. However, many of these institutions lack proper accreditation, resulting in a disparity in the quality of education provided. Historically, Pakistan’s IT sector has been a significant contributor to the national economy, with IT exports reaching over $2 billion annually. Despite this growth, the sector faces challenges related to the quality of education and the employability of graduates. Previous efforts to address these issues have included initiatives to promote digital literacy and enhance vocational training programs. Why It Matters Improving IT education standards is crucial for Pakistan’s economic and technological advancement. The IT sector is a vital component of the country’s economy, and enhancing the quality of education will directly impact the industry’s growth and competitiveness on a global scale. By ensuring that IT graduates possess internationally competitive skills, Pakistan can strengthen its position in the global IT market. This move is expected to increase the employability of graduates, reduce the skills gap, and attract foreign investment in the IT sector. Additionally, it will help in building a skilled workforce capable of driving innovation and technological development within the country. The initiative also holds social significance, as it aims to protect students from investing time and resources in unrecognized programs. By establishing a transparent accreditation process, the government seeks to ensure that students receive quality education that meets international standards, ultimately contributing to their career success and personal development. Key Takeaways The government is implementing measures to enhance IT education standards in Pakistan. A comprehensive framework will address the issue of unaccredited IT institutions. Senator Ahad Cheema emphasized the need for international competitiveness in IT skills. The initiative aims to improve the employability of IT graduates and attract foreign investment. Ensuring quality education will protect students from enrolling in unrecognized programs. 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 19, 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

Son Vows to Honor Martyred SP Akbar Shinwari Through Education

TAKHTBHAI — In a poignant moment following the funeral of Shaheed Superintendent of Police (SP) Akbar Khan Shinwari, his young son stood solemnly by the grave, saluting his father and pledging to honor his legacy through dedication to education. The emotional scene unfolded on September 19, as family, friends, and colleagues gathered to pay their respects to the fallen officer. What Happened SP Akbar Khan Shinwari, a respected and dedicated police officer, was laid to rest in his hometown of Takhtbhai. His untimely demise has left a void in his family and the law enforcement community. As mourners gathered around the gravesite, the young son of the martyred officer stood out with a simple yet profound gesture—a salute to his father, followed by a heartfelt vow to pursue education as a means to honor his father’s memory. The funeral was attended by a large number of people, including senior police officials, local dignitaries, and community members, all of whom came to pay their last respects to the officer who had served with distinction. The atmosphere was heavy with grief, yet the resolve of SP Shinwari’s son brought a sense of hope and determination to those present. Speaking to the media, a family member expressed the collective sentiment, stating, “He was not just a father to his children, but a father figure to many in the community. His dedication to his duty was unparalleled.” The young boy’s commitment to education is seen as a continuation of his father’s legacy of service and dedication. Background SP Akbar Khan Shinwari was known for his unwavering commitment to maintaining law and order in the region. His career in the police force was marked by numerous achievements and commendations for his bravery and leadership. Tragically, SP Shinwari lost his life in the line of duty, a stark reminder of the risks faced by law enforcement officers in Pakistan. In recent years, Pakistan has seen a series of attacks targeting police and security personnel, underscoring the dangers inherent in their roles. The sacrifices made by officers like SP Shinwari highlight the ongoing challenges in ensuring security and stability in the country. Why It Matters The vow made by SP Shinwari’s son is significant not only as a personal tribute but also as a symbol of resilience and hope for the future. In a country where education is often seen as a pathway to empowerment and progress, the young boy’s commitment underscores the importance of education in overcoming adversity and honoring the sacrifices of those who serve. SP Shinwari’s death is a reminder of the sacrifices made by law enforcement personnel and the impact of their loss on families and communities. The incident highlights the need for continued support for the families of fallen officers and the importance of providing educational opportunities to their children. Moreover, the gesture by SP Shinwari’s son resonates with broader societal themes of resilience and the pursuit of knowledge as a means to effect positive change. It serves as an inspiration to many young Pakistanis who face challenges in their own lives, encouraging them to persevere and strive for a better future. Key Takeaways SP Akbar Khan Shinwari was laid to rest in Takhtbhai, with his son vowing to honor his legacy through education. The funeral was attended by family, friends, and colleagues, highlighting the officer’s impact on the community. SP Shinwari’s career was marked by dedication and bravery, underscoring the risks faced by law enforcement in Pakistan. The son’s pledge symbolizes resilience and the importance of education as a pathway to empowerment. The incident highlights the need for support for families of fallen officers and educational opportunities for their children. 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 19, 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

Information Ministry Denounces Kohat Terrorist Attack, Urges Afghan Action

ISLAMABAD — The Ministry of Information and Broadcasting has issued a strong condemnation of the recent terrorist attack targeting civilians and police personnel during Friday prayers at the old Kohat Police Lines. The ministry has called on Afghan Taliban authorities to implement concrete and verifiable measures to dismantle militant networks operating from Afghan territory. What Happened The attack occurred on Friday at the old Kohat Police Lines, where both civilians and police personnel had gathered for Friday prayers. The Ministry of Information and Broadcasting released a statement on Saturday, expressing its deep concern and condemnation of the attack. The statement emphasized the need for immediate action by Afghan authorities to address the presence of militant networks within their borders that pose a threat to Pakistan’s security. According to the ministry, the attack underscores the persistent threat posed by terrorist groups operating from Afghan soil. The ministry’s statement highlighted the importance of regional cooperation in combating terrorism, stressing that Pakistan has consistently advocated for peace and stability in the region. The ministry further urged the Afghan Taliban to fulfill their commitments under international agreements to prevent their territory from being used as a launching pad for terrorist activities against neighboring countries. The statement reiterated Pakistan’s resolve to continue its fight against terrorism and called for a collaborative approach to eliminate the menace from the region. Background Pakistan has been grappling with terrorism for several decades, with various militant groups targeting civilians, security forces, and infrastructure. The situation has been exacerbated by the complex geopolitical dynamics in the region, particularly concerning Afghanistan. Since the U.S. withdrawal from Afghanistan in 2021 and the subsequent takeover by the Taliban, there have been growing concerns about the resurgence of militant activities along the Pakistan-Afghanistan border. Pakistan has repeatedly called on the Afghan government to take decisive action against terrorist groups that exploit Afghan territory to launch attacks against Pakistan. Historically, Pakistan has been a victim of terrorism, with numerous attacks carried out by groups such as the Tehrik-i-Taliban Pakistan (TTP) and its affiliates. The government has implemented various military and counter-terrorism operations to curb the threat, but cross-border terrorism remains a significant challenge. Why It Matters The attack in Kohat is a stark reminder of the persistent threat posed by terrorism in Pakistan, particularly from groups operating across the border in Afghanistan. The incident highlights the urgent need for effective cross-border cooperation to address the root causes of terrorism and prevent future attacks. Economically, terrorism has had a detrimental impact on Pakistan, affecting foreign investment, tourism, and overall economic stability. The continued threat of terrorism can undermine investor confidence and hinder economic growth, making it imperative for the government to ensure security and stability. Socially, terrorist attacks have a profound impact on communities, instilling fear and disrupting daily life. The attack in Kohat, targeting individuals during a religious gathering, underscores the indiscriminate nature of terrorism and the need for robust security measures to protect citizens. Politically, the attack places pressure on the Pakistani government to strengthen its counter-terrorism efforts and engage with Afghan authorities to ensure that their territory is not used for hostile activities. The incident also serves as a test of the Afghan Taliban’s commitment to international agreements and their ability to control militant activities within their borders. Key Takeaways The Ministry of Information and Broadcasting condemned the terrorist attack in Kohat, urging Afghan action against militant networks. The attack targeted civilians and police during Friday prayers, highlighting the ongoing threat of terrorism in Pakistan. Pakistan has called for regional cooperation to combat terrorism and stressed the importance of Afghan commitments to prevent cross-border militancy. The attack has significant economic, social, and political implications, affecting investor confidence, community safety, and regional stability. The incident tests the Afghan Taliban’s ability to control militant activities and fulfill international obligations. 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 19, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

World

Education Minister Siddiqui Honored at IOD Students’ Departure Ceremony to China

ISLAMABAD — Federal Minister for Education and Professional Training Dr Khalid Maqbool Siddiqui was honored with a commemorative shield during a ceremony held to mark the departure of the first batch of students enrolled in the Institute of Diplomacy’s (IOD) diploma program to China. The event took place on Tuesday, highlighting the collaborative educational exchange between Pakistan and China aimed at enhancing professional skills and diplomatic expertise among students. What Happened The ceremony, which took place in Islamabad, was attended by educators, government officials, and the students who are set to travel to China. Dr Khalid Maqbool Siddiqui expressed his appreciation for the initiative, emphasizing the importance of international educational exchanges in fostering mutual understanding and cooperation between nations. The students, selected for their academic excellence and potential to contribute to Pakistan’s diplomatic efforts, will undertake a specialized diploma program in China designed to equip them with advanced skills in diplomacy and international relations. Dr Siddiqui, while receiving the shield, remarked, “This program is a testament to the strong ties between Pakistan and China and reflects our shared commitment to educational excellence and professional development.” The minister highlighted the role of such programs in preparing the next generation of diplomats and professionals who can effectively represent Pakistan on the global stage. The IOD diploma program is part of a broader initiative to enhance educational collaboration between Pakistan and China. The students will engage in a curriculum that includes lectures, workshops, and practical training sessions conducted by experts in the field. This initiative is expected to not only boost the students’ academic credentials but also provide them with firsthand experience in international diplomacy. Background The educational exchange program between Pakistan and China has been a cornerstone of bilateral relations, with both countries emphasizing the importance of people-to-people contacts. Historically, such programs have played a crucial role in strengthening diplomatic ties and fostering cultural understanding. The IOD, established to promote education in diplomacy and international relations, has been instrumental in facilitating these exchanges. China has been a key partner in Pakistan’s educational sector, offering numerous scholarships and training programs for Pakistani students. This partnership is part of the broader China-Pakistan Economic Corridor (CPEC) framework, which includes various cultural and educational initiatives. The departure of the IOD students marks a continuation of this tradition, with the aim of preparing skilled professionals who can contribute to both countries’ development. Why It Matters The departure of the IOD diploma students to China is significant for several reasons. Economically, it represents an investment in human capital, which is crucial for Pakistan’s development. By equipping students with advanced skills in diplomacy and international relations, the program enhances Pakistan’s capacity to engage effectively in global affairs. Socially, the program fosters cross-cultural understanding and collaboration, which are essential in today’s interconnected world. The students’ exposure to China’s educational system and diplomatic practices will enrich their perspectives and enable them to bring back valuable insights to Pakistan. Politically, this initiative strengthens the strategic partnership between Pakistan and China. As both countries navigate complex global challenges, such educational exchanges contribute to building a cadre of professionals who are well-versed in the intricacies of international diplomacy and can support national interests effectively. Key Takeaways Dr Khalid Maqbool Siddiqui received a shield at the IOD diploma students’ departure ceremony to China. The program is part of an educational exchange aimed at enhancing diplomatic skills. Students will participate in a specialized curriculum in China focusing on diplomacy and international relations. The initiative strengthens Pakistan-China educational collaboration under the CPEC framework. The program is expected to boost Pakistan’s human capital and diplomatic capacity. 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 19, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

Pakistan

SECP Resolves 98% Adjudication Cases, Levies Rs 4.73 Billion in Fines

ISLAMABAD — The Securities and Exchange Commission of Pakistan (SECP) has successfully resolved 98% of its adjudication caseload, concluding 573 cases and imposing penalties totaling over Rs 4.73 billion. These actions were taken against violations of the Companies Act and other relevant legislation. What Happened The SECP’s recent efforts have resulted in the disposal of nearly all pending adjudication cases, a significant achievement in regulatory enforcement. Under the leadership of SECP Chairman Dr. Kabir Ahmed Sidhu, the commission has intensified its focus on compliance and enforcement, ensuring that corporate entities adhere to the legal framework governing their operations. In the past year, the SECP has processed a substantial number of cases, addressing issues related to corporate governance, financial reporting, and compliance with statutory obligations. The commission’s actions have not only led to the imposition of hefty fines but also reinforced the importance of regulatory adherence among companies operating in Pakistan. According to the SECP, the penalties were imposed for various infractions, including non-compliance with financial disclosure requirements, failure to hold annual general meetings, and breaches of corporate governance standards. The commission’s proactive stance has been instrumental in maintaining market integrity and protecting investor interests. Background The SECP, established under the Securities and Exchange Commission of Pakistan Act, 1997, is the apex regulatory body overseeing the corporate sector and capital markets in Pakistan. Its mandate includes enforcing the Companies Act, 2017, and other related laws to ensure transparency, accountability, and good governance within the corporate sector. In recent years, the SECP has undertaken several initiatives to enhance its regulatory framework and improve compliance among market participants. These efforts include the introduction of technology-driven solutions for monitoring and enforcement, as well as capacity-building programs for stakeholders. The appointment of Dr. Kabir Ahmed Sidhu as SECP Chairman has marked a new phase in the commission’s operations, with a renewed emphasis on swift adjudication and enforcement actions. His leadership has been pivotal in driving the SECP’s agenda of strengthening regulatory oversight and fostering a culture of compliance. Why It Matters The SECP’s successful resolution of 98% of its adjudication caseload is a significant development for Pakistan’s corporate sector. By imposing substantial penalties on non-compliant entities, the commission sends a strong message about the importance of adhering to legal and regulatory standards. This achievement is likely to have a positive impact on investor confidence, as it demonstrates the SECP’s commitment to maintaining a fair and transparent market environment. Investors, both domestic and international, are more likely to participate in markets where regulatory bodies actively enforce compliance and penalize misconduct. Furthermore, the SECP’s actions contribute to the broader economic stability of Pakistan by ensuring that companies operate within the legal framework. This not only protects investors but also enhances the overall credibility of the country’s financial markets. In the long term, the SECP’s enforcement activities are expected to lead to improved corporate governance practices, as companies strive to avoid penalties and reputational damage. This, in turn, will foster a more robust and resilient corporate sector, capable of supporting Pakistan’s economic growth and development. Key Takeaways The SECP resolved 98% of its adjudication cases, imposing penalties exceeding Rs 4.73 billion. Violations addressed include non-compliance with the Companies Act and corporate governance standards. The SECP’s actions are expected to boost investor confidence and market integrity. Improved regulatory enforcement contributes to Pakistan’s economic stability and growth. Dr. Kabir Ahmed Sidhu’s leadership has been crucial in enhancing the SECP’s regulatory effectiveness. 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 19, 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

ICCI Unveils Plan to Transform Islamabad into Global Business Hub

ISLAMABAD — The Islamabad Chamber of Commerce and Industry (ICCI) has proposed a comprehensive long-term economic master plan aimed at transforming Islamabad into a global business hub. The announcement was made by ICCI President Sardar Tahir Mehmood during a meeting with visiting business leaders on Saturday, highlighting the city’s potential to become a regional center for investment, innovation, technology, and international commerce. What Happened During the meeting held in Islamabad, ICCI President Sardar Tahir Mehmood outlined the strategic vision for the city’s economic future. He emphasized that Islamabad, currently known primarily as Pakistan’s administrative capital, possesses all the necessary elements to evolve into a significant player on the international business stage. “Islamabad’s diplomatic community, highly educated workforce, and strategic location make it an ideal candidate for becoming a regional business hub,” Mehmood stated. The proposed master plan includes initiatives to attract foreign investment, enhance technological infrastructure, and foster innovation. Mehmood highlighted the importance of creating a conducive environment for businesses to thrive, suggesting that policy reforms and incentives could play a crucial role in achieving these goals. He also mentioned the potential for Islamabad to host international business conferences and trade exhibitions, further solidifying its status as a global business destination. Mehmood’s remarks were well-received by the attending business leaders, who expressed their support for the initiative. The ICCI plans to collaborate with government agencies and international partners to implement the proposed plan, aiming to position Islamabad as a competitive business hub in the region. Background Islamabad, established as the capital of Pakistan in the 1960s, was designed to serve as the administrative center of the country. Over the years, it has developed into a city known for its high literacy rates, modern infrastructure, and a growing expatriate community. However, its potential as a business hub has remained largely untapped compared to other major cities in the region. Previous attempts to boost Islamabad’s economic profile have included initiatives to improve infrastructure and attract foreign direct investment. However, challenges such as bureaucratic hurdles and inconsistent policy implementation have often hindered progress. The ICCI’s new proposal aims to address these issues by providing a clear roadmap for sustainable economic growth. Why It Matters The ICCI’s proposal to transform Islamabad into a global business hub holds significant implications for Pakistan’s economic landscape. By capitalizing on the city’s strategic advantages, the plan could lead to increased foreign investment, job creation, and economic diversification. This transformation could also enhance Pakistan’s international standing, attracting multinational corporations and fostering global partnerships. Economically, the development of Islamabad as a business hub could reduce the country’s reliance on traditional sectors, such as agriculture and textiles, by promoting technology-driven industries and services. This shift could lead to higher GDP growth rates and improved living standards for the city’s residents. Socially, the initiative could spur urban development, improve infrastructure, and enhance the quality of life in Islamabad. The influx of international businesses and professionals would likely lead to greater cultural exchange and innovation, enriching the city’s social fabric. Politically, positioning Islamabad as a global business hub could strengthen Pakistan’s diplomatic ties and increase its influence in regional and international affairs. The city’s enhanced profile could serve as a model for other cities in Pakistan, encouraging nationwide economic reforms and development. Key Takeaways The ICCI has proposed a long-term economic master plan to transform Islamabad into a global business hub. The plan aims to attract foreign investment and enhance technological infrastructure in the city. Islamabad’s strategic location and educated workforce are key assets in this transformation. Successful implementation could lead to economic diversification and improved living standards. The initiative has the potential to strengthen Pakistan’s international standing and diplomatic ties. Source Attribution This article is based on official statements and public communications from the Islamabad Chamber of Commerce and Industry. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 19, 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 Prices Drop By Rs100 Per Tola In Pakistan

ISLAMABAD — The price of gold in Pakistan experienced a modest decline on Saturday, with the rate for 24-karat gold per tola decreasing by Rs100 to reach Rs460,236. This change was reported by the All Pakistan Sarafa Gems and Jewellers Association, reflecting fluctuations in the local bullion market. What Happened The local gold market saw a slight dip in prices as the rate for 24-karat gold per tola fell by Rs100. This adjustment brought the price down to Rs460,236, according to the latest figures provided by the All Pakistan Sarafa Gems and Jewellers Association. The price for 10 grams of 24-karat gold also saw a reduction, though specific figures were not disclosed in the initial report. This decline in gold prices is part of a broader trend influenced by both international market dynamics and local economic factors. The global gold market has been experiencing volatility due to a variety of factors, including fluctuating currency values and changes in international demand. In Pakistan, these global trends are compounded by local economic conditions, including inflation and currency depreciation, which affect the purchasing power of consumers. According to industry experts, the local gold market is sensitive to international price movements, with the US dollar’s strength playing a significant role. As the dollar appreciates, gold prices in local currency terms tend to rise, and vice versa. The recent adjustment in gold prices reflects these complex interactions. Background Gold has historically been a popular investment and a traditional store of value in Pakistan. The country’s gold market is influenced by cultural factors, including the demand for gold jewelry during weddings and festivals. Historically, gold prices in Pakistan have mirrored international trends, with local prices adjusting in response to changes in the global market. The All Pakistan Sarafa Gems and Jewellers Association regularly updates gold prices based on international market rates and local demand conditions. These updates are crucial for traders and consumers, providing a benchmark for transactions in the gold market. In recent years, Pakistan’s economy has faced challenges such as inflation and currency depreciation, which have impacted the purchasing power of consumers. These economic conditions have also affected the gold market, as consumers weigh the cost of investment against other financial priorities. Why It Matters The fluctuation in gold prices has significant implications for various stakeholders in Pakistan. For consumers, a decrease in gold prices can make gold jewelry and investment more affordable, potentially boosting demand. This is particularly relevant in a country where gold is a traditional gift and a preferred form of savings. For investors, changes in gold prices can affect portfolio values and investment strategies. Gold is often considered a safe-haven asset, and its price movements can influence investor behavior, especially during times of economic uncertainty. Economically, the gold market is an important component of Pakistan’s broader financial system. Changes in gold prices can impact the trade balance, as gold is both imported and exported. Additionally, the gold market can influence consumer spending patterns, with potential ripple effects on the retail and jewelry sectors. On a macroeconomic level, the gold market’s performance can reflect broader economic trends, including inflation, currency stability, and international trade dynamics. As such, monitoring gold prices can provide insights into the health of the economy and the financial well-being of consumers. Key Takeaways The price of 24-karat gold per tola in Pakistan decreased by Rs100, settling at Rs460,236. Gold prices are influenced by international market trends and local economic conditions. The All Pakistan Sarafa Gems and Jewellers Association regularly updates gold prices based on market dynamics. Fluctuations in gold prices have significant implications for consumers, investors, and the broader economy. Gold remains a popular investment and cultural asset in Pakistan, reflecting both economic and traditional values. Source Attribution This article is based on official statements and data provided by the All Pakistan Sarafa Gems and Jewellers Association. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 19, 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

Society Of Family Physicians Holds Annual Conference In Lahore

LAHORE — The Society of Family Physicians convened its Annual Conference at a local hotel in Lahore, bringing together esteemed professionals from the medical community on Tuesday. The event featured prominent figures such as General (R) Nadeem Fazal, Principal of the Army Medical College, Professor Sair Afzal, Dr. Masood Sheikh, and Col (R) Muhammad Aamir, who gathered for discussions on advancements in family medicine. What Happened The conference, organized by the Society of Family Physicians, was a significant gathering aimed at discussing the latest trends and challenges in family medicine. General (R) Nadeem Fazal, along with other distinguished guests, participated in the event, which focused on enhancing the role of family physicians in Pakistan’s healthcare system. The participants engaged in various sessions that highlighted the importance of family medicine in providing comprehensive healthcare services. During the conference, experts shared insights on the evolving landscape of family medicine, emphasizing the need for continuous education and adaptation to new medical practices. Professor Sair Afzal, a leading figure in medical education, stressed the importance of integrating modern technology into family medicine to improve patient outcomes. Dr. Masood Sheikh and Col (R) Muhammad Aamir also contributed to the discussions, sharing their experiences and perspectives on the challenges faced by family physicians. The event provided a platform for networking and collaboration among medical professionals, fostering a community dedicated to advancing family medicine in Pakistan. Attendees had the opportunity to exchange ideas, discuss best practices, and explore potential collaborations to address the healthcare needs of the population. Background The Society of Family Physicians has been a pivotal organization in promoting family medicine in Pakistan. Established to support and develop the field, the society has consistently organized conferences and workshops to provide continuing education for family physicians. These events aim to equip medical professionals with the latest knowledge and skills necessary to address the diverse healthcare needs of families across the country. Family medicine, as a specialty, plays a crucial role in the healthcare system by offering comprehensive and continuous care to individuals and families. It emphasizes the holistic treatment of patients, considering their physical, emotional, and social well-being. The Society of Family Physicians has been instrumental in advocating for the importance of family medicine and its integration into the broader healthcare framework in Pakistan. Why It Matters The Annual Conference of the Society of Family Physicians holds significant importance for the healthcare sector in Pakistan. By bringing together experts and practitioners, the event serves as a catalyst for advancing family medicine, which is essential for improving the overall health outcomes of the population. Family physicians are often the first point of contact for patients, making their role critical in early diagnosis, preventive care, and management of chronic conditions. As Pakistan continues to face challenges in healthcare delivery, including a shortage of specialists and limited access to medical services in rural areas, the emphasis on family medicine becomes even more pertinent. Conferences like this provide a platform for discussing innovative solutions and strategies to overcome these challenges, ultimately leading to better healthcare access and quality for all citizens. Additionally, the collaboration and knowledge-sharing facilitated by such events contribute to the professional development of family physicians. By staying informed about the latest medical advancements and practices, these professionals can deliver more effective and efficient care, thereby enhancing the overall healthcare system in Pakistan. Key Takeaways The Society of Family Physicians held its Annual Conference in Lahore, focusing on advancements in family medicine. Prominent figures such as General (R) Nadeem Fazal and Professor Sair Afzal participated in the event. The conference highlighted the importance of integrating modern technology into family medicine. Family medicine is crucial for providing comprehensive healthcare services in Pakistan. The event fostered collaboration and knowledge-sharing among medical professionals. Source Attribution This article is based on official statements and public communications from the Society of Family Physicians 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: September 19, 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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