2026

Business

Finance Minister Predicts Economic Growth, Lower Inflation

ISLAMABAD — Finance Minister Muhammad Aurangzeb shared positive prospects for Pakistan’s economy. Projected Economic Growth The nation is projected to experience economic growth, with an expected expansion of 4% in the coming year. Inflation Forecast A notable decline in inflation is anticipated. The current inflation rate, at 11.7%, is projected to fall to 8.2%. Potential Economic Risks Despite the optimistic outlook, the Finance Minister cautioned about potential risks. Ongoing conflicts in the Middle East could disrupt these promising economic trends.

Sports

Governor Kundi Highlights Role of Cadets as Future Leaders

PESHAWAR — Governor Khyber Pakhtunkhwa Faisal Karim Kundi stressed the importance of quality education, youth empowerment, and sports for developing future leaders. He shared these insights during a meeting with cadets from Pakistan Scouts Cadet College Batrasi, Mansehra, held at the Governor’s House on Monday. Cadet College Delegation Meeting The delegation, led by Brigadier (Retd) Abdul Hafeez SI(M), the college principal, was warmly welcomed by Governor Kundi. He acknowledged the cadets as future leaders of Pakistan, praising the college as one of the province’s premier educational institutions. The governor also recalled its establishment by Shaheed Mohtarma Benazir Bhutto. Focus on Education and Sports Governor Kundi expressed his dedication to advancing student welfare and the college’s development. He mentioned his intention to send a letter to the President regarding institutional growth and committed to visiting the college. Discussions centered on enhancing educational and sports opportunities for youth, recognizing the abundant talents in Khyber Pakhtunkhwa. Boosting National Cricket and Educational Opportunities Highlighting Khyber Pakhtunkhwa’s contributions to national cricket, Governor Kundi called for more educational and sports options for young people. In response to cadets’ questions, he commended Pakistan’s military and political leaders for their roles in global peace. Additionally, he suggested initiatives like subsidized electric bikes for students and expanded scholarship programs.

Business

National Bank of Pakistan Releases Monday Currency Rates

KARACHI — The National Bank of Pakistan (NBP) has announced the latest currency exchange rates for key currencies as of Monday. Major Currency Rates The US dollar’s selling rate is PKR 280.09, while its buying rate is PKR 277.09. This rate reflects the current financial market trends. The British pound is available at a selling rate of PKR 376.55, with a buying rate of PKR 372.12. The euro holds a selling rate of PKR 325.05 and a buying rate of PKR 321.23. Additional Currency Rates Updated rates for other important currencies are as follows: The Japanese yen has a selling rate of PKR 1.7500 and a buying rate of PKR 1.7294. The United Arab Emirates dirham is priced at a selling rate of PKR 74.64 and a buying rate of PKR 73.76. The Saudi riyal’s selling rate is PKR 76.26, with a buying rate of PKR 75.36.

Business

Balochistan Assembly Budget Session Scheduled for June 17

QUETTA — The Governor of Balochistan has announced the budget session for the provincial assembly, set for June 17, 2026. This significant session will commence at 4:00 PM in Quetta, conducted under Article 109(a) of the Constitution. Session Details The Balochistan Assembly Secretariat confirmed the session’s date and time through an official notification. Strict security measures and entry protocols will be enforced during the assembly proceedings to ensure safety and order. Significance of the Budget Session This budget session is essential for legislators as they discuss fiscal plans and financial allocations for the upcoming year. These deliberations are crucial as they directly affect the region’s economic growth and development.

Pakistan

Pakistani, UK Officials Review Bilateral Relations

ISLAMABAD — On Monday, Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar met UK Parliamentary Under-Secretary of State Hamish Falconer to review the bilateral relations between Pakistan and the United Kingdom. The meeting also covered regional and international developments. State of Current Pak-UK Relations The Foreign Office released a statement highlighting that Dar welcomed Falconer to Islamabad. Together, they conducted a comprehensive review of the current state of Pak-UK ties, emphasizing the importance of this partnership. Geopolitical and Sectoral Cooperation In addition to assessing their bilateral relationship, Dar and Falconer exchanged views on broader geopolitical issues affecting both countries. Falconer expressed the United Kingdom’s keen interest in strengthening cooperation with Pakistan across various sectors. Shared Interests and Challenges The discussions emphasized shared interests and challenges both countries face. They pinpointed areas where bilateral cooperation could be enhanced for the mutual benefit of Pakistan and the UK.

Pakistan

Fake Juice Production Unit Seized in Khanewal

MULTAN — The Punjab Food Authority (PFA) has dismantled a fake juice production unit in Chak No. 42, Khanewal. The raid led to the seizure of adulterated mango juice, counterfeit packaging, and prohibited ingredients, resulting in the facility’s closure and legal charges against its owner. Efforts to Combat Food Fraud The operation was led by Director General Syed Musa Raza as part of ongoing efforts to combat food fraud and ensure public health. The unit was found manufacturing fake juices and beverages using substandard and artificial ingredients disguised as reputable brands. Seizure Details During the raid, PFA teams confiscated a significant volume of items: 40 liters of faux mango juice 10 kilograms of counterfeit packaging material Numerous banned substances used in production These violations of food safety regulations highlight the scale of the operation. Continuous Protection Measures Director General Raza stressed the persistent nature of these efforts against counterfeiting and adulteration mafias. He reiterated that safeguarding public health in Pakistan remains a top priority.

Pakistan

Control Room Activated for Muharram Monitoring: Deputy Commissioner

ISLAMABAD — Deputy Commissioner Nadeem Nasir has announced the activation of a central control room at the DC Complex to ensure continuous monitoring throughout Muharram. Muharram Security Measures The dedicated control room will supervise mourning processions and gatherings during the holy month. This initiative by the district administration aims to enhance security and efficiently manage Muharram-ul-Haram events in Islamabad. Trained personnel will be on duty around the clock, prepared to respond quickly to any emergencies or issues that might arise during the month. Commitment to Safety Deputy Commissioner Nasir emphasized the importance of maintaining peace and stability. He stated, “Ensuring safe and smooth conduct of religious activities during Muharram is our top priority.” This effort is part of a strategic plan to secure the community during this significant period.

Business

Pakistan Enlists 174 Fish Processing Plants for China Exports

Pakistan Boosts Seafood Exports BEIJING — Pakistan has received approval for 174 fish processing plants to export seafood to China. This strategic move significantly enhances Pakistan’s access to one of its most essential international markets. It is projected to greatly boost the country’s fisheries sector and trade volume. Opportunities in the Chinese Market China remains one of Pakistan’s largest export markets, providing tremendous opportunities for the fisheries industry, a key player in Pakistan’s economy. Approving these processing plants marks a commitment to strengthening trade ties between Pakistan and China. Economic Impact and Growth This development could lead to higher export revenues, directly benefiting Pakistan’s fisheries sector. Additionally, the growth in exports is expected to create new job opportunities, further contributing to the nation’s economic growth.

Pakistan

Two PAF Pilots Martyred in Training Aircraft Crash Near Mardan

ISLAMABAD — A tragic incident occurred when two pilots from the Pakistan Air Force (PAF) were martyred in a training aircraft crash near Mardan on Monday. This unfortunate event has prompted nationwide mourning and initiated a government investigation. Widespread Mourning Across Pakistan Interior Minister Mohsin Naqvi expressed deep sorrow over the loss, honoring the pilots’ sacrifice in the line of duty. The tragedy has profoundly affected people throughout Pakistan. Condolences have been pouring in from various regions, highlighting the national impact of the incident. Official Investigation by the PAF The Pakistan Air Force has launched a formal inquiry to uncover the circumstances surrounding the crash. As of now, authorities have not provided full details about the specific aircraft involved or the exact nature of the training mission.

Pakistan

President Zardari Praises US-Iran Agreement for Regional Peace

ISLAMABAD — President Asif Ali Zardari has praised the signing of a Memorandum of Understanding between the United States and Iran. He expressed optimism about it leading to a comprehensive agreement that could foster lasting peace in the region. Promoting Peaceful Engagement On his official social media timeline, President Zardari shared his approval of this new Memorandum of Understanding. He believes the agreement could pave the way for a final resolution and establish durable peace in the region. Commitment to Dialogue President Zardari highlighted Pakistan’s unwavering commitment to dialogue and diplomacy during challenging times. He described the development as a significant advancement in enhancing multilateralism. Furthermore, he emphasized the importance of resolving disputes through peaceful engagement and mutual respect. Hopes for Stability President Zardari expressed hope that these diplomatic efforts will lead to increased peace, stability, and prosperity not only in the region but also globally. He reiterated Pakistan’s dedication to supporting regional cooperation.

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