2026

Sports

Rickshaw Driver Killed, Three Injured in Faisalabad Accident

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FAISALABAD — A tragic accident near Salooni Jhall on Samundri Road under Batala Colony police jurisdiction claimed the life of a rickshaw driver and injured three passengers late Monday night. Collision Overview The accident occurred when a speeding tractor-trolley collided with a rickshaw. Sana Ullah, the rickshaw driver, sustained severe injuries and died at the scene. Rescue 1122 confirmed his death. Passenger Injuries Rescue teams quickly provided first aid to the injured passengers. The injured include: Sarfraz, aged 30 Urooj, aged 20 Nisar, aged 28 Fortunately, their injuries were minor. Investigation Status As of now, no arrests or charges have been reported concerning this accident.

Business

Govt Authorises Rs835.64 Billion in Development Funds for 2025-26

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ISLAMABAD — The government has authorised Rs835.64 billion in development funds for the first 11 months of the fiscal year 2025-26. This significant allocation is part of the Public Sector Development Programme (PSDP). Fiscal Allocation and Progress From July to May, the authorised funds nearly reached the full federal allocation of Rs837.16 billion. This substantial financial input illustrates the considerable progress in the government’s development initiatives. Strategic Economic Objectives The PSDP plays a vital role in the government’s strategy to enhance infrastructure and execute various key projects. These initiatives are crucial for achieving the nation’s strategic economic goals.

Sports

PTF President Discusses Tennis Development with PSB Director General

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ISLAMABAD — Aisam-ul-Haq Qureshi, the President of the Pakistan Tennis Federation (PTF), met with Yawar Hussain, the newly appointed Director General of the Pakistan Sports Board (PSB), on Tuesday. The meeting was held at the PSB office, concentrating on advancing tennis development across Pakistan. Nationwide Tennis Promotion During the discussion, Qureshi congratulated Hussain on his recent appointment and expressed optimism for a successful term. They highlighted initiatives aimed at promoting tennis throughout the nation and strengthening support for athletes. Fostering Athlete Support Hussain committed to providing complete backing for sports development, particularly focusing on nurturing young talent in the country. Col. (retd) Gul Rehman, the Director of Coaches and Services (C&S) at the PTF, also participated in the meeting. Together, they emphasized collaborative efforts for the future of tennis in Pakistan.

Pakistan

Budget 2026-27 Allocates Rs40,500 Million for Youth Programme

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ISLAMABAD — The federal government has allocated a significant budget of Rs40,500 million for the Prime Minister’s Youth Programme (PMYP) in the 2026-27 fiscal year. This initiative focuses on providing employment and skills development opportunities for young people throughout Pakistan. Goals of the Youth Programme The PMYP aims to boost education, foster entrepreneurship, and stimulate innovation among the nation’s youth. The substantial funding evidences the government’s dedication to creating economic opportunities for younger generations. Daanish Schools Network Expansion Alongside the youth programme, Rs24,483 million has been set aside to expand the Daanish Schools network. These institutions are dedicated to offering high-quality education to underprivileged students. This financial commitment is central to the government’s strategy to enhance educational access and promote educational development nationwide.

Pakistan

MedHealth Expo 2026 Set to Launch in Islamabad

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ISLAMABAD — The MedHealth Expo 2026, organized by the Rawalpindi Chamber of Commerce and Industry (RCCI), is set to begin on June 17 in Islamabad. This significant two-day event seeks to gather key figures from the healthcare sector, providing an essential platform for discussions and networking. Healthcare Leaders Unite The expo primarily aims to bring together healthcare professionals, industry leaders, and policymakers. Participants will engage in meaningful dialogues and explore the latest advancements in the sector. This collaborative environment is anticipated to foster substantial knowledge sharing among attendees. Showcasing Healthcare Innovation The RCCI emphasizes the expo’s crucial role in presenting innovative healthcare solutions. It will also address current industry challenges, offering participants the chance to explore a wide variety of exhibits. Improving Healthcare Delivery Attendees can join specialized sessions designed to enhance healthcare delivery in the region. These sessions aim to provide actionable insights and strategies to improve practices and outcomes across the healthcare spectrum.

Pakistan

Rana Mashhood Appointed to Daanish Schools Authority

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ISLAMABAD — Prime Minister Shehbaz Sharif has approved the appointment of Rana Mashhood Ahmed Khan as a co-opted member of the Daanish Schools Authority. This decision was officially announced by the Ministry of Federal Education and Professional Training. Rana Mashhood’s Responsibilities Rana Mashhood, who also serves as the chairman of the Prime Minister’s Youth Programme, is expected to bring his expertise to the Daanish Schools Authority. His role involves enhancing the schools’ effectiveness, which is crucial for providing quality education to underprivileged children throughout Pakistan. Objectives of Daanish Schools The Daanish Schools Authority is focused on maintaining high educational standards and improving accessibility. These schools aim to offer enhanced learning opportunities to marginalized communities, ensuring that every child has access to quality education. Anticipated Impact of the Appointment Rana Mashhood’s involvement is anticipated to attract more attention and resources to the Daanish Schools initiative. This appointment highlights the government’s commitment to advancing education for Pakistan’s underprivileged youth.

Business

Pakistan Releases Foreign Exchange Rates for June 16

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KARACHI — The Financial Markets Association of Pakistan’s Exchange Rates Committee has published the latest foreign exchange rates bulletin. Exchange Rates for June 16, 2026 The conversion rates released for June 16, 2026, are specified for forward cover transactions. They are crucial for both businesses and investors planning their financial activities. These rates do not include FE-25 deposits. The State Bank of Pakistan has set June 18, 2026, as the settlement value date. Key Currency Exchange Rates Major Currency Conversions US Dollar: 278.2728 PKR British Pound: 373.6647 PKR Euro: 322.9356 PKR Japanese Yen: 1.7377 PKR

Business

National Bank of Pakistan Announces Latest Exchange Rates

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KARACHI — The National Bank of Pakistan’s Treasury Management Division has announced the latest exchange rates as of Tuesday. These updates are essential for managing currency transactions across all bank branches. Key Exchange Rates The latest exchange rate for the US dollar is PKR 287.70 for TT Selling and PKR 278.20 for TT Buying. The euro currently stands at PKR 322.82 for TT Selling and PKR 322.24 for TT Buying. Exchange Rates for Major Currencies Below are the rates for other significant currencies: British Pound: PKR 373.48 for TT Selling and PKR 372.81 for TT Buying Swiss Franc: PKR 350.48 for TT Selling and PKR 349.85 for TT Buying Canadian Dollar: PKR 199.05 for TT Selling and PKR 198.69 for TT Buying Japanese Yen: PKR 1.7394 for TT Selling and PKR 1.7363 for TT Buying Important Usage Information These exchange rates are critical for financial and trade transactions involving foreign currencies at the National Bank of Pakistan. Please note, these rates are subject to change and may fluctuate during the trading day.

Business

NBP Releases Currency Exchange Rates

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The National Bank of Pakistan (NBP) has released the latest currency exchange rates for significant currencies on Tuesday. These rates apply to both buying and selling in the financial market. US Dollar Exchange Rate The US dollar exchange rate is pivotal for the economy, with a selling rate of 280.09 rupees and a buying rate of 277.09 rupees. British Pound and Euro Rates For corporate investments, the exchange rates of the British pound and euro hold significance. The British pound sells at 375.34 rupees, while the buying rate is 370.92 rupees. The euro stands at a selling rate of 324.44 rupees and a buying rate of 320.62 rupees. Asian and Middle Eastern Currencies Japanese Yen The Japanese yen plays an important role in trade, with a selling rate of 1.7481 rupees and a buying rate of 1.7276 rupees. United Arab Emirates Dirham The UAE dirham, influencing trade and investment, has a selling rate of 74.64 rupees and a buying rate of 73.76 rupees. Saudi Riyal The Saudi riyal, crucial in Middle Eastern markets, is sold at 76.27 rupees with a buying rate of 75.37 rupees.

Pakistan

Kaaba Kiswah Replacement Marks Start of Islamic Year 1448

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ISLAMABAD — The Holy Kaaba’s Kiswah replacement ceremony at Masjid al-Haram marked the beginning of the Islamic year 1448 Hijri. This significant event was embraced with profound religious fervor across the Muslim community worldwide. Profound Spiritual Significance Held at the Grand Mosque, the annual ceremony carries immense spiritual significance. Attendees from around the world gathered, soaking in the sacred atmosphere of reverence and unity. Renewal and Dedication The Kiswah replacement ceremony stands as a central ritual in the Islamic calendar. It symbolizes renewal and dedication, reaffirming the enduring devotion of the global Muslim community. This ceremony is a testament to faith and an opportunity for spiritual reflection. Continuing Tradition This year’s ceremony sustained its traditional solemnity, highlighting the unwavering faith and commitment of participants. Such rituals continue to strengthen bonds among Muslims worldwide.

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