Author name: NEN News

KARACHI — The Treasury Management Division of the National Bank of Pakistan (NBP) announced the latest exchange rates on Thursday, providing updated figures for various currencies. This update is crucial for businesses, investors, and individuals involved in foreign exchange transactions. What Happened The National Bank of Pakistan’s Treasury Management Division released the current exchange rates for a wide range of international currencies. As of Thursday, the US dollar is being sold at Rs278.30 and bought at Rs277.80. The Euro stands at Rs318.10 for selling and Rs317.53 for buying. The British pound is priced at Rs372.64 for selling and Rs371.97 for buying. Other currencies also saw specific rates, with the Japanese yen at Rs1.7069 for selling and Rs1.7038 for buying, and the Swiss franc at Rs342.18 for selling and Rs341.57 for buying. The Canadian dollar is available at Rs197.89 for selling and Rs197.53 for buying, while the Australian dollar is priced at Rs195.29 for selling and Rs194.94 for buying. Among the Scandinavian currencies, the Swedish krona is being sold at Rs28.76 and bought at Rs28.71, the Norwegian krone at Rs29.10 for selling and Rs29.05 for buying, and the Danish krone at Rs42.55 for selling and Rs42.47 for buying. The New Zealand dollar is available at Rs161.96 for selling and Rs161.67 for buying. In Asia, the Singapore dollar is priced at Rs215.89 for selling and Rs215.50 for buying, the Hong Kong dollar at Rs35.50 for selling and Rs35.43 for buying, and the Korean won at Rs0.1899 for selling and Rs0.1895 for buying. The Chinese yuan is set at Rs41.12 for selling and Rs41.05 for buying. The Malaysian ringgit is available at Rs68.14 for selling and Rs68.09 for buying, the Thai baht at Rs8.25 for selling and Rs8.23 for buying, the UAE dirham at Rs75.78 for selling and Rs75.64 for buying, and the Saudi riyal at Rs74.15 for selling and Rs74.02 for buying. The Qatari riyal is priced at Rs76.35 for selling and Rs76.21 for buying, while the Kuwaiti dinar stands at Rs904.31 for selling and Rs902.68 for buying. Additionally, the conversion rates for frozen foreign currency deposits are set at Rs277.8777 for the US dollar, Rs371.6615 for the British pound, Rs316.9474 for the Euro, and Rs1.7042 for the Japanese yen. Background Exchange rates are a critical component of international trade and finance. The National Bank of Pakistan, being one of the largest commercial banks in the country, plays a pivotal role in setting these rates, which are influenced by various factors including global market trends, economic policies, and geopolitical developments. The NBP’s updates are closely monitored by businesses, financial institutions, and investors for making informed decisions. Historically, the Pakistani rupee has experienced fluctuations against major currencies due to economic challenges, including inflation, trade deficits, and external debt. The exchange rate announcements by NBP provide transparency and help stabilize the market by aligning expectations with current economic realities. Why It Matters The release of updated exchange rates by the National Bank of Pakistan is significant for several reasons. Firstly, it directly impacts the cost of imports and exports, affecting the trade balance and economic growth. Businesses involved in international trade rely on these rates to price their goods and services competitively. For individuals, especially those receiving remittances from abroad, the exchange rates determine the value of their income in local currency. This has a direct impact on household purchasing power and financial planning. Moreover, the exchange rates influence inflation and interest rates within the country. A weaker rupee can lead to higher import costs, contributing to inflationary pressures. Conversely, a stronger rupee can help reduce inflation but may impact export competitiveness. On a broader scale, the exchange rates are a reflection of the country’s economic health and investor confidence. Stable and predictable rates can attract foreign investment, while volatility may deter it. Thus, the NBP’s role in setting these rates is crucial for maintaining economic stability and fostering growth. Key Takeaways The National Bank of Pakistan has released updated exchange rates for various currencies. The US dollar is being sold at Rs278.30 and bought at Rs277.80. Exchange rates impact trade, inflation, and foreign investment in Pakistan. Businesses and individuals rely on these rates for financial planning and transactions. The NBP’s updates are crucial for economic stability and market transparency. 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: July 23, 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.

ISLAMABAD — Pakistan and the United Kingdom have agreed to enhance their bilateral trade relations, focusing on strengthening business-to-business cooperation and exploring the possibility of upgrading the existing Trade Dialogue into a more comprehensive economic and trade framework. The agreement was reached during discussions held on Thursday. What Happened The meeting between Pakistani and UK officials underscored a mutual commitment to intensify trade engagement between the two nations. Both countries recognized the potential for increased trade and investment opportunities and expressed a desire to build on the existing Trade Dialogue. This initiative aims to create a more structured framework that could facilitate greater economic collaboration. During the discussions, both sides highlighted the importance of removing trade barriers and fostering an environment conducive to business growth. The UK delegation emphasized the potential benefits of such cooperation, noting that stronger trade ties could lead to job creation and economic development in both countries. Pakistani officials echoed this sentiment, stressing the need for a robust partnership that could bolster Pakistan’s economic standing on the international stage. The talks also included discussions on specific sectors where cooperation could be enhanced, such as technology, agriculture, and renewable energy. Both countries agreed to explore joint ventures and investment opportunities in these areas, which could lead to significant economic benefits. Background Pakistan and the UK have a long-standing relationship that extends beyond trade, encompassing cultural, educational, and diplomatic ties. Historically, trade between the two countries has been significant, with the UK being one of Pakistan’s largest trading partners in Europe. The existing Trade Dialogue has served as a platform for discussing trade-related issues and identifying opportunities for collaboration. In recent years, both countries have expressed a desire to deepen their economic ties. The UK has been a major source of foreign direct investment in Pakistan, and there is potential for further growth in this area. The proposed upgrade of the Trade Dialogue into a more structured framework reflects both nations’ commitment to expanding their economic partnership. Why It Matters The agreement to enhance trade relations between Pakistan and the UK is significant for several reasons. Economically, it presents an opportunity for Pakistan to diversify its trade portfolio and reduce its reliance on traditional markets. By strengthening ties with the UK, Pakistan can access new markets and attract foreign investment, which could spur economic growth and development. For the UK, enhancing trade relations with Pakistan aligns with its post-Brexit strategy of forging stronger economic partnerships outside the European Union. As the UK seeks to establish itself as a global trading nation, partnerships with countries like Pakistan are crucial for expanding its economic reach and influence. Socially, increased trade and investment can lead to job creation and economic opportunities for citizens in both countries. By focusing on sectors such as technology and renewable energy, the partnership can also contribute to sustainable development and environmental goals. Politically, the strengthening of trade ties can enhance diplomatic relations between Pakistan and the UK, fostering greater cooperation on a range of international issues. As both countries navigate complex global challenges, a robust economic partnership can serve as a foundation for broader collaboration. Key Takeaways Pakistan and the UK have agreed to enhance bilateral trade relations and explore upgrading the existing Trade Dialogue. The discussions focused on strengthening business-to-business cooperation and removing trade barriers. Potential areas of collaboration include technology, agriculture, and renewable energy. The agreement aligns with the UK’s post-Brexit strategy and Pakistan’s economic diversification goals. Enhanced trade ties can lead to job creation, economic growth, and stronger diplomatic relations. 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: July 23, 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.

ISLAMABAD — Pakistan and the United States have reaffirmed their commitment to cultural collaboration with the inauguration of the ‘Let Freedom Ring’ exhibition, featuring the American Liberty Bell, at the Lok Virsa Heritage Museum. The event took place on Thursday, with Federal Minister for National Heritage and Culture Aurangzeb Khan Khichi and U.S. Chargé d’Affaires Andy Halus presiding over the ceremony. What Happened The ‘Let Freedom Ring’ exhibition was inaugurated at the Lok Virsa Heritage Museum, with the aim of celebrating and strengthening the cultural partnership between Pakistan and the United States. Federal Minister Aurangzeb Khan Khichi and U.S. Chargé d’Affaires Andy Halus jointly opened the exhibition, which showcases the iconic American Liberty Bell, a symbol of freedom and independence. During the inauguration, Minister Khichi emphasized Pakistan’s dedication to fostering cultural exchanges that promote mutual understanding and respect between the two nations. He stated, “Cultural diplomacy is a vital component of our bilateral relations, and exhibitions like this serve as a bridge between our peoples.” Andy Halus echoed these sentiments, highlighting the importance of cultural ties in enhancing diplomatic relations. He remarked, “The Liberty Bell is not just a symbol of American independence; it represents the universal ideals of freedom and democracy that both our countries cherish.” The exhibition is part of a series of cultural events planned to commemorate the longstanding relationship between Pakistan and the United States. It aims to engage the public in a dialogue about shared values and historical experiences. Background The Liberty Bell, originally located in Philadelphia, Pennsylvania, is an enduring symbol of American independence and liberty. Its inscription, “Proclaim Liberty Throughout All the Land Unto All the Inhabitants Thereof,” resonates with the ideals of freedom and democracy. The bell was commissioned in 1752 and has since become a national treasure in the United States. Pakistan and the United States have a history of cultural cooperation, with numerous exchanges and collaborations taking place over the years. These initiatives have included educational programs, artistic exchanges, and joint exhibitions, all aimed at enhancing mutual understanding and cooperation. The Lok Virsa Heritage Museum in Islamabad is a premier institution dedicated to preserving and promoting the cultural heritage of Pakistan. It regularly hosts exhibitions and events that showcase both local and international cultural artifacts and traditions. Why It Matters The reaffirmation of cultural ties between Pakistan and the United States through the Liberty Bell exhibition is significant for several reasons. Culturally, it highlights the shared values of freedom and democracy that underpin the relationship between the two countries. This exhibition serves as a reminder of the importance of cultural diplomacy in fostering peaceful and cooperative international relations. Economically, cultural exchanges can lead to increased tourism and economic benefits for both nations. By hosting international exhibitions, Pakistan can attract visitors interested in cultural and historical artifacts, thus boosting local tourism and related industries. Politically, the exhibition underscores the ongoing commitment of both countries to maintain and strengthen their bilateral relationship. In a global context where diplomatic relations can be strained by geopolitical tensions, cultural diplomacy offers a platform for dialogue and understanding. For Pakistani citizens, such events provide an opportunity to engage with global cultures, broadening their perspectives and fostering a sense of global citizenship. It also allows for the celebration of Pakistan’s own rich cultural heritage on an international stage, promoting national pride and identity. Key Takeaways The ‘Let Freedom Ring’ exhibition at Lok Virsa Heritage Museum highlights the cultural partnership between Pakistan and the U.S. The exhibition features the Liberty Bell, symbolizing shared values of freedom and democracy. Cultural diplomacy plays a crucial role in enhancing bilateral relations and mutual understanding. Such cultural events can have positive economic impacts through increased tourism. The exhibition fosters dialogue and cooperation amidst global geopolitical challenges. 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: July 23, 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.

ISLAMABAD — Deputy Prime Minister and Foreign Minister of Pakistan, Senator Mohammad Ishaq Dar, represented Pakistan at the 33rd ASEAN Regional Forum (ARF) Ministerial Meeting in Manila on Thursday. The meeting saw participation from foreign ministers and representatives of 27 ARF member states, along with the Secretary-General of ASEAN, Dr. Kao Kim Hourn. What Happened The 33rd ASEAN Regional Forum (ARF) Ministerial Meeting convened in Manila, bringing together foreign ministers and representatives from 27 member states. Senator Mohammad Ishaq Dar led the Pakistani delegation, engaging in discussions aimed at strengthening regional cooperation and addressing pressing security issues. The ARF serves as a platform for dialogue and consultation on political and security issues in the Asia-Pacific region. During the meeting, participants deliberated on a range of topics including maritime security, counter-terrorism, and disaster management. The forum provided an opportunity for member states to exchange views on regional security challenges and explore collaborative solutions. The presence of Dr. Kao Kim Hourn, Secretary-General of ASEAN, underscored the importance of the forum in fostering regional stability and cooperation. Senator Dar highlighted Pakistan’s commitment to regional peace and security, emphasizing the country’s active role in combating terrorism and promoting economic integration. He stated, “Pakistan remains dedicated to working with ASEAN countries to address common challenges and enhance regional cooperation.” The meeting concluded with a joint statement reaffirming the commitment of member states to uphold peace and stability in the region. Background The ASEAN Regional Forum was established in 1994 with the aim of fostering dialogue and consultation on political and security issues in the Asia-Pacific region. It includes 27 member states, comprising ASEAN countries and their dialogue partners. Over the years, the ARF has played a crucial role in addressing regional security concerns and promoting confidence-building measures among member states. Pakistan has been an active participant in the ARF since becoming a member in 2004. The country has consistently advocated for regional cooperation in addressing security challenges, particularly in areas such as counter-terrorism, maritime security, and disaster management. The ARF Ministerial Meetings serve as a platform for Pakistan to engage with regional partners and contribute to collective efforts in promoting peace and stability. Why It Matters The participation of Pakistan’s Deputy Prime Minister and Foreign Minister in the ARF Ministerial Meeting underscores the country’s commitment to regional peace and security. As a member of the ARF, Pakistan plays a vital role in addressing security challenges that affect the Asia-Pacific region. The forum provides an opportunity for Pakistan to engage with regional partners and collaborate on initiatives aimed at enhancing regional stability. Pakistan’s active involvement in the ARF is significant in the context of its broader foreign policy objectives. The country seeks to strengthen its ties with ASEAN member states and enhance economic cooperation through initiatives such as the China-Pakistan Economic Corridor (CPEC). By participating in the ARF, Pakistan can contribute to regional efforts in combating terrorism, promoting maritime security, and addressing other security concerns. The ARF Ministerial Meeting also highlights the importance of multilateral forums in addressing regional security challenges. In an increasingly interconnected world, regional cooperation is essential for addressing complex security issues that transcend national borders. The ARF provides a platform for member states to engage in dialogue, build trust, and work towards collective solutions to common challenges. Key Takeaways Pakistan’s Deputy Prime Minister and Foreign Minister participated in the 33rd ASEAN Regional Forum in Manila. The meeting focused on regional cooperation and security issues, including maritime security and counter-terrorism. Pakistan emphasized its commitment to regional peace and security and its active role in combating terrorism. The ASEAN Regional Forum serves as a platform for dialogue and consultation on political and security issues in the Asia-Pacific region. Pakistan’s participation in the ARF aligns with its broader foreign policy objectives of enhancing regional cooperation and economic integration. 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: July 23, 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.

ISLAMABAD — Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar will lead Pakistan’s delegation to the Shanghai Cooperation Organisation (SCO) Council of Foreign Ministers (CFM) meeting in Cholpon-Ata, Kyrgyz Republic, on July 23-24, 2026. The invitation was extended by Kyrgyz Foreign Minister Zheenbek Kulubaev. What Happened Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar is set to represent Pakistan at the SCO Council of Foreign Ministers meeting in Cholpon-Ata, Kyrgyz Republic, scheduled for July 23-24, 2026. This event marks a significant diplomatic engagement for Pakistan within the framework of the SCO, a regional intergovernmental organization that focuses on political, economic, and security-related cooperation. The meeting will bring together foreign ministers from SCO member states, including China, Russia, India, and several Central Asian countries. The agenda is expected to cover a wide range of issues, from regional security challenges to economic collaboration and cultural exchanges. The SCO CFM meeting serves as a platform for member states to discuss and coordinate their positions on key regional and international issues. In a statement, Deputy Prime Minister Dar emphasized the importance of the SCO as a forum for fostering regional cooperation and addressing common challenges. “Pakistan is committed to playing a constructive role in the SCO and contributing to regional peace and stability,” he said. Background The Shanghai Cooperation Organisation was established in 2001, succeeding the Shanghai Five mechanism, which included China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan. The SCO expanded to include Uzbekistan in 2001, with India and Pakistan joining as full members in 2017. The organization aims to enhance mutual trust and neighborly relations among member states, promote effective cooperation in politics, trade, economy, and culture, and ensure peace and stability in the region. The Council of Foreign Ministers is a key component of the SCO’s institutional framework, responsible for preparing for the annual SCO summit and implementing decisions made by the heads of state. The CFM meetings provide an opportunity for foreign ministers to engage in dialogue on pressing issues and coordinate their countries’ positions on various matters. Why It Matters The participation of Deputy Prime Minister Dar in the SCO CFM meeting underscores Pakistan’s commitment to regional cooperation and multilateral diplomacy. As a member of the SCO, Pakistan has the opportunity to engage with major regional powers, including China and Russia, on issues of mutual interest. This engagement is particularly crucial given the evolving geopolitical landscape in South and Central Asia. Economically, the SCO provides a platform for Pakistan to explore trade and investment opportunities with member states. The organization has been working to enhance economic connectivity through initiatives such as the Belt and Road Initiative (BRI), which aligns with Pakistan’s development goals. By participating in the CFM meeting, Pakistan can advocate for increased economic collaboration and infrastructure development in the region. Politically, the SCO serves as a forum for addressing security challenges, including terrorism, extremism, and drug trafficking. Pakistan’s involvement in the CFM meeting allows it to contribute to regional security efforts and strengthen its ties with other member states. The meeting also provides an opportunity for Pakistan to articulate its stance on key international issues and seek support from its SCO partners. Key Takeaways Deputy Prime Minister Mohammad Ishaq Dar will lead Pakistan’s delegation to the SCO CFM meeting in Kyrgyzstan. The meeting will address regional security, economic cooperation, and cultural exchanges among member states. Pakistan’s participation highlights its commitment to regional cooperation and multilateral diplomacy. The SCO provides a platform for Pakistan to engage with major regional powers like China and Russia. The meeting offers opportunities for Pakistan to advocate for economic collaboration and regional security efforts. 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: July 23, 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.

UNITED NATIONS — Pakistan has called on the United Nations Security Council to ensure that natural resources are used as instruments of shared prosperity rather than tools for coercion. This appeal was made during a high-level debate on ‘Natural Resource Governance: The Foundation of Peace, Security, and Prosperity,’ held on July 23, 2023. What Happened During the debate, which was presided over by the Democratic Republic of Congo (DRC) as the Council’s president for July, Ambassador Asim Iftikhar Ahmad, Pakistan’s permanent representative to the UN, emphasized the importance of equitable and rules-based global governance of natural resources. He warned against the weaponization of these vital resources and highlighted the potential for resource wealth to contribute to peace and affluence when managed with strong institutions, transparency, and national ownership. Ambassador Ahmad pointed to the example of the DRC, a nation rich in minerals, to illustrate his point. He noted that for decades, the illicit exploitation and trafficking of natural resources have financed armed groups, depriving the Congolese people of the benefits of their country’s immense wealth. He advocated for strengthened traceability mechanisms, responsible supply chains, and regional cooperation to disrupt conflict financing. The Pakistani envoy underscored the need for natural resource governance to be anchored in the UN Charter and international law. He referred to General Assembly resolution 1803, which enshrines the right of peoples to permanent sovereignty over their natural wealth and resources, as fundamental. He further stated that international cooperation should enhance national capacities while respecting national ownership and policy space. The Security Council, he argued, has a crucial role in addressing threats where the exploitation or weaponization of natural resources could threaten international peace and security. UN Secretary-General Antonio Guterres also addressed the Council, urging an end to the ‘plundering’ of resources and calling for transparency in the global supply chain. Background The debate on natural resource governance comes amid growing global concerns about the misuse of natural resources, particularly in conflict zones. Historically, countries rich in natural resources have often experienced conflict and instability, as various groups vie for control over these valuable assets. The DRC, for instance, has been plagued by conflict fueled by the illegal exploitation of its mineral wealth. General Assembly resolution 1803, adopted in 1962, affirms the right of nations to permanent sovereignty over their natural resources. This resolution is a cornerstone of international law concerning resource governance, emphasizing the need for resources to be used for national development and the welfare of the people. Why It Matters The call by Pakistan at the UN Security Council highlights a significant issue that affects not only resource-rich countries but also the global community. The misuse of natural resources can lead to prolonged conflicts, economic instability, and human rights abuses. For Pakistan, a country that has historically supported the sovereign rights of nations over their resources, this stance aligns with its broader foreign policy objectives of promoting peace and stability. Economically, the proper governance of natural resources can lead to sustainable development and poverty alleviation. When managed effectively, resource wealth can provide the financial means to improve infrastructure, education, and healthcare, thereby enhancing the quality of life for citizens. Politically, the equitable distribution and management of resources can strengthen national institutions and promote transparency, reducing the potential for corruption and conflict. Internationally, cooperation and adherence to international law can prevent disputes over shared resources and foster peaceful relations between nations. Key Takeaways Pakistan urged the UN Security Council to ensure natural resources are used for shared prosperity, not coercion. Ambassador Asim Iftikhar Ahmad highlighted the importance of equitable governance and strong institutions. The DRC’s experience was cited as an example of how resource wealth can be misused in conflict zones. General Assembly resolution 1803 supports the right to sovereignty over natural resources. Proper resource management can lead to sustainable development and international peace. 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: July 23, 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.