2026

Business

RCCI Calls for Single-Digit Policy Rate by SBP

RAWALPINDI — The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the State Bank of Pakistan (SBP) to adopt a single-digit policy rate. This move aims to boost economic growth and ease business pressures. Monetary Policy Concerns On Monday, RCCI President Usman Shaukat addressed the Monetary Policy Committee’s decision to retain the policy rate at 11.5 percent. He pointed out an opportunity for rate easing. A major worry is the rising inflation rate, which increased from 7.3 percent in March to 11.7 percent in May, primarily due to imported energy costs rather than domestic demand. Influences from Global Economy Shaukat identified global economic factors that might help stabilize inflation shortly. These include a potential truce between the US and Iran and a notable 20 percent drop in oil prices from their 2026 peak. Effect on Business Sector The RCCI president stressed that high financing costs adversely affect small and medium enterprises, manufacturers, and exporters. He called on the central bank to reverse recent tightening measures. Setting a clear pathway to single-digit interest rates is essential to stimulate investment, employment, and exports.

Business

PSX Holds Gong Ceremony for SLM Listing, CPEC Achievements

The Pakistan Stock Exchange (PSX) in Islamabad celebrated a significant milestone with a Gong Ceremony on Monday. This event marked the successful listing of Service Long March Tyres Limited (SLM) and highlighted notable achievements of the China-Pakistan Economic Corridor (CPEC). Investor Interest and Market Confidence During the ceremony, strong investor interest was emphasized, observed during SLM’s book-building and public subscription phases. This robust attention showcases the confidence investors have in SLM’s future prospects and the overall vitality of the market. Economic Impact of SLM Listing SLM’s listing has not only drawn significant attention but also strengthened economic ties. PSX officials highlighted the importance of such listings in reinforcing economic relationships, particularly through initiatives like CPEC. Role of CPEC in Economic Growth The event underscored CPEC’s crucial role in promoting economic growth and development in Pakistan. The stock exchange remains a vital platform for companies that drive this progress, facilitating market expansion and economic advancement.

Business

Elderly Farmer Engaged in Daily Farm Activities in Faisalabad

FAISALABAD — An elderly farmer in Faisalabad maintains his daily farm tasks with unwavering dedication, highlighting the role of farmers in the economy. The Significance of Farmers in the Economy Farmers’ tireless work is crucial, especially in regions like Faisalabad. Their efforts contribute significantly to Pakistan’s agriculture-based economy, which is a key aspect of the nation’s financial framework. Farmers’ Resilience and Its Economic Impact The resilience of these farmers is evident in their daily, strenuous activities. Their continuous work ensures a stable food supply, which is integral to supporting the local economy in Faisalabad.

Business

Factory Workers in Faisalabad Focused on Garment Production

FAISALABAD — Factory workers in Faisalabad are actively involved in garment production, highlighting the textile industry’s vital role in the local economy. The Textile Hub of Pakistan Faisalabad, recognized as Pakistan’s textile hub, accommodates numerous garment factories. These factories contribute significantly to the national economy by employing thousands of workers across the region. Operations in Factories Factories here are bustling with activity as employees proficiently operate industrial sewing machines to produce diverse clothing items. The continual demand for labor is driven by both local needs and the international export market. Skills and Production Demands Domestic and Export Needs The expertise of factory workers in managing industrial sewing machines is crucial. Their skills ensure that production levels meet the requirements of both domestic consumption and the high-demand export markets.

Pakistan

Vendor Sells Traditional Ice Gola at Islamabad Roadside

ISLAMABAD — A local vendor in the heart of Islamabad has captured attention with his traditional ice gola stall set up along the roadside. Refreshing Traditional Ice Gola The stall is renowned for its vibrant and refreshing ice gola. This treat is crafted by crushing ice and adding a variety of flavored syrups, resulting in a colorful and appealing dessert. People of all ages enjoy ice gola for its quick and affordable refreshment, especially during the hot weather. Popularity Among Roadside Vendors Roadside vendors are prevalent throughout Islamabad, offering a variety of cold snacks. As temperatures rise, the demand for these traditional treats increases. Vendors across the city eagerly seize this seasonal opportunity, boosting sales and satisfying the public’s craving for cool, refreshing snacks.

Pakistan

Elderly Vendor Naps While Selling Goods at Peshawar Morr

ISLAMABAD — In the bustling area of Peshawar Morr, an elderly vendor was seen resting at his roadside stall, capturing the interest of many passersby. He was taking a brief nap while selling balls, highlighting the tiring pace of a vendor’s life in the federal capital. Challenges for Street Vendors in Islamabad Street vendors in Islamabad face numerous challenges as they work tirelessly to earn their livelihoods. Long working hours and strenuous conditions are normal, as they strive to secure daily earnings. These vendors, including the elderly man at Peshawar Morr, symbolize the struggles many endure to sustain their livelihoods through honest labor. The Federal Capital’s Daily Grind The dynamic atmosphere of Islamabad requires resilience from those making a living in the bustling city streets. Street vendors represent a spirit of determination as they labor diligently in these challenging conditions. The serene image of a vendor momentarily resting amid his daily hustle underscores the demanding nature of this occupation and the perseverance it demands.

Pakistan

1,500 Police Personnel Deployed for Muharram Security

The Islamabad police have enacted a robust security plan for the first night of Muharram-ul-Haram. Over 1,500 officers are proactively deployed to ensure safety during 36 gatherings and six mourning processions throughout the district. Comprehensive Muharram Security Strategy This extensive security plan addresses potential challenges during this significant religious event. Officers are strategically positioned across key locations to uphold public order and prevent any incidents. Deployment and Coordination Efforts Officials highlight the importance of coordinated efforts to protect all participants. This meticulous strategy enables devotees to attend processions and gatherings without any safety concerns.

Pakistan

Laptops Distributed to Top Students at Sadiq College Women University

BAHAWALPUR — In a significant step towards enhancing digital access, Commissioner Bahawalpur Irfan Ali Kathia distributed laptops to top-performing students at the Government Sadiq College Women University. This ceremonial event celebrated the academic achievements of female scholars. Technology’s Role in Education During the ceremony, Commissioner Kathia highlighted the vital role of technology in today’s educational landscape. He commended the students for their outstanding academic performance and stressed that the laptops would enable them to study more effectively, aligning with modern educational standards. Government’s Educational Initiatives This event is part of a government initiative aimed at providing essential tools to deserving students. The program is designed to motivate students to achieve excellence in a progressively technological environment.

Sports

Record-Holding Robber Killed in Faisalabad Police Encounter

FAISALABAD — A notorious robber, Mubasshar alias Bachhi, was killed in a police encounter with the Crime Control Department (CCD) teams in Faisalabad. The incident occurred near Chak 236/R-B Kajlay Wala Road, within the Roshanwala police station’s jurisdiction. Details of the Police Raid A police spokesman stated that CCD teams, including Inspector Hassan Sadiq Cheema of Lyallpur Division, Ali Akram Goraya of Iqbal Division, and Inspector Umar Sarfraz Waraich from CCD Headquarters, conducted a raid. The operation aimed at capturing proclaimed offenders involved in serious crimes. During the arrest attempts, the authorities faced gunfire from the suspects, leading to a prolonged exchange of fire. The Fatal Encounter In the gunfire exchange, Mubasshar was injured and captured. Unfortunately, he later died from his injuries at a hospital. Despite his capture, his accomplices successfully fled the scene. Mubasshar’s Criminal Involvement Police records reveal Mubasshar’s involvement in over 50 cases of robbery, theft, and other major crimes. He was also the prime suspect in a recent shop robbery within the Saddar police station’s jurisdiction. The authorities have taken Mubasshar’s body for legal procedures and continue efforts to apprehend the fleeing suspects, as confirmed by the police spokesman.

Pakistan

Khyber Pakhtunkhwa Declares Public Holiday on 1st Muharram

PESHAWAR — The Khyber Pakhtunkhwa government has declared a public holiday throughout the province to observe 1st Muharram, marking the start of the Islamic new year. This announcement follows an official notification from the Administration Department. Moon Sighting Decision The holiday is set in alignment with the decision of the Central Ruet-e-Hilal Committee regarding the moon sighting. This decision establishes the official commencement of Muharram. Impact on Government Offices On this day, government offices and public institutions across Khyber Pakhtunkhwa will remain closed. This closure is in line with the province-wide observance, ensuring adherence to the announced directive.

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