2026

Business

Pakistan Financial Markets Association Issues Exchange Rates Bulletin

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KARACHI — The Exchange Rates Committee of the Financial Markets Association of Pakistan has issued a new foreign exchange rates bulletin. This document is vital for understanding key currency conversions used in various financial transactions. June 2026 Forex Update Released on June 17, 2026, this bulletin provides conversion rates applicable to forward cover transactions and deposits, excluding FE-25 deposits. This information is essential for those involved in financial planning. Settlement Date and Financial Implications The State Bank of Pakistan has designated June 22, 2026, as the settlement value date for these transactions. Comprehending these rates is critical for aligning investment strategies with the current market conditions. Key Currency Conversion Rates Here are the major currency conversion rates: US Dollar: 278.2560 British Pound: 373.1969 Euro: 322.6657 Japanese Yen: 1.7363 These rates offer a glimpse into the existing currency market, affecting trade and financial decision-making within Pakistan.

Business

NBP Announces Current Exchange Rates

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KARACHI — The Treasury Management Division of the National Bank of Pakistan (NBP) has announced the latest exchange rates, reflecting NBP’s current trading values in foreign currencies. Exchange Rates for Major Currencies The US Dollar exchange rate is set at 278.70 for TT Selling and 278.20 for TT Buying. The Euro is available at 323.60 for selling and 323.02 for buying. The British Pound stands at 374.26 for selling and 373.59 for buying. The Japanese Yen is quoted at 1.7386 for selling and 1.7355 for buying. Other Notable Currencies Swiss Franc: 351.89 for selling and 351.26 for buying Canadian Dollar: 199.09 for selling and 198.73 for buying Australian Dollar: 196.84 for selling and 196.48 for buying Chinese Yuan: 41.25 for selling and 41.18 for buying Saudi Riyal: 74.27 for buying and 74.14 for selling Guidance for Businesses and Individuals NBP offers these exchange rates to guide businesses and individuals in currency exchanges. They provide essential insights into the financial market dynamics, aiding investment decisions.

Business

NBP Releases Major Currency Rates

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KARACHI — The National Bank of Pakistan (NBP) has released new buying and selling rates for major foreign currencies, offering critical insights for currency exchange in financial markets. Major Currency Rates The current rate for the US dollar is 280.09 for selling and 277.09 for buying. Other significant currency rates include: British Pound: Selling at 376.13, Buying at 371.68 Euro: Selling at 325.22, Buying at 321.40 Japanese Yen: Selling at 1.7473, Buying at 1.7267 Gulf Currencies The NBP has also provided updated rates for key Gulf currencies. Current rates are: United Arab Emirates Dirham: Selling at 74.64, Buying at 73.76 Saudi Riyal: Selling at 76.26, Buying at 75.36

Pakistan

Turkish Delegation Visits NDMA, Pledges Enhanced Disaster Aid

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ISLAMABAD — A Turkish defence delegation, led by Lieutenant General Fedai Ünsal, Vice Chief of Staff of the Turkish Armed Forces, visited the National Disaster Management Authority (NDMA) in Islamabad. Their visit to the National Emergencies Operation Center focused on exploring cooperation in disaster management, emergency response, and climate resilience. Enhancing Disaster Management Framework During the meeting, strategies to enhance collaboration for managing emergencies were discussed. The aim is to strengthen the existing disaster management framework between Pakistan and Turkey. This effort seeks to ensure a more effective response to natural calamities. Improving Response to Climate Challenges Discussions highlighted the mitigation of climate-related challenges. Both nations aim to enhance their response capabilities, showcasing their commitment to addressing pressing climate issues together. Strengthening Bilateral Relations Through Support The visit underscores Turkey’s dedication to supporting Pakistan in disaster preparedness. Enhancing these capabilities is expected to solidify bilateral relations as both countries collaborate on global humanitarian challenges.

Pakistan

Pakistan to Launch Green University for Climate Resilience

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ISLAMABAD — Pakistan is preparing to inaugurate a Green University aimed at fostering a workforce proficient in climate resilience, green innovation, and sustainable practices. This initiative is a key component of the country’s strategy for transitioning to a low-carbon economy. Sustainable Education Focus The university will focus on developing human capital skilled in sustainable and eco-friendly technologies. These skills are essential for addressing the challenges of climate change. The institution aims to align educational programs with both national and global climate objectives. Integrating Climate Commitments This initiative underscores Pakistan’s dedication to embedding climate considerations within its development strategies. The university will foster research and stimulate innovation in sustainable technologies, ensuring that future generations are equipped for a greener future.

Business

Rs50 Million Trout Farming Project Launched in Gilgit-Baltistan

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ISLAMABAD — A new Rs50 million trout farming project has been launched in District Ghizer, Gilgit-Baltistan. This venture is set to enhance food security and drive economic growth in the region. Focus on Food and Nutrition Security The Government of Gilgit-Baltistan is prioritizing food and nutrition security through initiatives in fisheries, modern agriculture, and childhood development. The trout farming project, officially called ‘Ensuring Food Security and Economic Growth through Extension of Trout Farming in District Ghizer’, is a crucial part of this strategy. Funding and Broader Strategy This year, Rs22.8 million has been allocated to the trout farming project. It is a piece of a larger plan to enhance the region’s food and nutrition security. This includes the Rs80 million ‘Targeting Blue Revolution’ program, aiming to conserve local species. Additional Initiatives in the Region Several other programs complement these efforts: Improving Rural Livelihood: A Rs30 million initiative focusing on modern agricultural techniques. Food Fortification Programme: With a budget of Rs99 million, it aims to enhance nutritional intake. School Meal Programme: A Rs112.7 million project supporting female primary schools. These development projects adapt to Gilgit-Baltistan’s unique ecological and geographic needs. They aim to bolster fisheries, agriculture, and childhood nutrition policies. The trout farming project is a key component of the government’s developmental agenda.

Sports

Man Allegedly Kills Wife, Surrenders to Police

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NOWSHERA VIRKAN — A man allegedly killed his wife in Ismail Town along the Nowshera Virkan-Tatlay Aali Road on Wednesday before surrendering to police, according to police sources. The victim, identified as 45-year-old Nighat Bibi, wife of Amjad Hussain, suffered multiple wounds from a sharp-edged weapon and succumbed to her injuries, officials stated. The husband reportedly attacked his wife due to a domestic issue. Authorities reported that the victim had deep wounds on her left eyebrow, left cheek, and neck. After the incident, the suspect voluntarily went to a local police station and turned himself in. The Rescue 1122 team transported the body to Tehsil Headquarters Hospital in Nowshera Virkan for medico-legal procedures. Police have launched an investigation into the case.

World

Police Conduct Citywide Flag March for Muharram Security

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BHAKKAR — On Wednesday, police conducted a citywide flag march in Bhakkar as part of their Muharram security strategy. The initiative aimed to maintain law and order while boosting public confidence in security measures. Leadership and Participants The District Police Officer of Bhakkar organized the march. SP Investigation Shaukat Ali supervised the event, along with key figures such as SDPO Sadar Mansoor Ahmad Khan, SDPO Darya Khan Muhammad Azam Khan, and DSP Organized Crime Malik Mazhar Noon. Numerous station house officers and other law enforcement personnel also participated. Route and Notable Locations The procession started at Police Lines Bhakkar. It moved through key areas, including Khansar Chowk, Jhang Mor, and Main Bazaar, before returning to its starting point. This extensive route was designed to reassure the community and maintain a visible security presence at crucial locations. Security Strategy and Objectives Officials emphasized that the march aimed to secure peace during the holy month, enhance public trust, and deter potential miscreants. SP Shaukat Ali outlined a robust security strategy, which includes increasing personnel and enhancing monitoring at sensitive sites throughout the city.

Pakistan

Pakistan Aids Repatriation of 30 Iranian Nationals

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ISLAMABAD — Pakistan is playing a crucial role in aiding the repatriation of 30 Iranian nationals detained by United States authorities. This group includes fishermen and crew members. Rescue at Sea Deputy Prime Minister and Foreign Minister Senator Ishaq Dar shared on X that eight fishermen were rescued at sea. They were saved by the British vessel, MMA Valour, after their boat encountered difficulties. Intervention by US Authorities The repatriation effort also includes 22 Iranian crew members from the vessel Lenore/Davina, intercepted by US authorities. These efforts are part of a larger plan to facilitate their safe return. Karachi as a Transit Point Dar outlined that both groups will soon transit through Karachi, marking a significant step in the repatriation process. This transit is essential for their journey back to Iran. Commitment to International Cooperation Pakistan is actively collaborating with Iranian, US, and UK authorities to ensure the safe return of these nationals. Dar emphasized Pakistan’s commitment to humanitarian cooperation and its willingness to provide necessary assistance to its Iranian counterparts.

Pakistan

Portugal, Pakistan Emphasize Dialogue and Peace: Portuguese Ambassador

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ISLAMABAD — Paulo Miguel Guedes Domingues, the Ambassador of Portugal to Pakistan, discussed the shared commitment of Portugal and Pakistan to prioritize dialogue and peace. He emphasized that dialogue is more effective than confrontation in solving issues. Promoting Dialogue and Peace Ambassador Domingues underscored the vital role of diplomacy in addressing global issues. He highlighted the importance of diplomatic efforts in overcoming today’s world challenges. Strategic Partnership The ambassador’s remarks highlighted a strategic partnership between Portugal and Pakistan. This collaboration focuses on promoting international peace and stability, reflecting mutual understanding. Strengthening Bilateral Relations The statements of the Portuguese ambassador come at a critical time, as global challenges demand collaborative approaches. Both countries are committed to strengthening their bilateral relations through peaceful means.

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