Author name: NEN News

The 17th edition of the Brand of the Year Awards 2026 was held in Karachi at a local hotel. The event featured Federal Minister for the Board of Investment, Qaiser Ahmed Sheikh, as the chief guest. Investment and Economic Growth Minister Sheikh emphasized strengthening Pakistan’s business environment. He highlighted the roles of investment, innovation, and export-driven growth as crucial for economic development. Entrepreneurs were recognized for their significant contributions to this process. Encouraging Exports Sheikh advocated for increasing exports and simplifying business processes in Pakistan. He argued that these are essential for achieving nationwide economic prosperity. Promoting Pakistan as a Business Hub The minister stressed the importance of positioning Pakistan as a competitive business and investment destination. He urged the government to create more opportunities for the youth and discussed ongoing reforms to facilitate easier investment. At the end of his speech, Minister Sheikh distributed the brand awards, celebrating excellence across the business sector.

KARACHI — Karachi Port has marked a significant milestone by handling over 2,000 vessel calls, achieving an eight-year high. This accomplishment underscores a consistent rise in maritime trade, cementing the port’s role as Pakistan’s main gateway for international commerce. Enhancements in Port Infrastructure The growth in shipping traffic is largely due to major improvements in port infrastructure and operational efficiency. These advancements have increased the port’s capacity, enabling it to accommodate a greater number of vessels. Consequently, it strengthens its position as a key hub for Pakistan’s import and export activities. Contribution to the National Economy Karachi Port is vital to the national economy, playing a crucial role in import and export logistics. As a significant avenue for global commerce, the port invigorates economic activity through strategic enhancements and alliances with international shipping lines. Strategic Collaborations and Advancements Port authorities attribute the surge in activities to operational advancements and strategic collaborations with international shipping companies. These efforts not only expand the port’s capacity but also provide economic benefits, enhancing Karachi Port’s reputation within the regional maritime trade network.

KARACHI — The National Bank of Pakistan (NBP) has announced Monday’s currency exchange rates, offering critical insights into current financial market trends. Exchange Rates Overview The NBP has established the following official buying and selling rates for significant global currencies: US Dollar and British Pound US Dollar: Sells at 280.09 PKR, buys at 277.09 PKR. British Pound: Sells at 376.55 PKR, buys at 372.12 PKR. Euro and Japanese Yen Euro: Sells at 325.05 PKR, with a buying rate of 321.23 PKR. Japanese Yen: Sells at 1.7500 PKR, buys at 1.7294 PKR. Middle Eastern Currencies UAE Dirham: Sells at 74.64 PKR, buys at 73.76 PKR. Saudi Riyal: Selling rate is 76.26 PKR, buying rate is 75.36 PKR.

The Treasury Management Division of the National Bank of Pakistan (NBP) has released the latest currency exchange rates as of Monday. These rates provide vital insights into the buying and selling prices of various global currencies. US Dollar and Euro Exchange Rates The NBP has established the exchange rate for the US dollar at 278.70 for TT selling and 278.20 for TT buying. The euro is priced at 323.43 for selling and 322.85 for buying. Exchange Rates for Major Currencies British Pound The British Pound is available at a selling price of 374.68 and a buying price of 374.01. Japanese Yen The Japanese Yen has a selling rate of 1.7413, with a buying rate of 1.7382. Swiss Franc The Swiss Franc exchange rate is 351.18 for selling and 350.55 for buying.

KARACHI — The Financial Markets Association of Pakistan’s Exchange Rates Committee has released the latest bulletin on foreign exchange rates. Essential for financial and economic activities, this update informs currency transactions. Current Foreign Exchange Rates As of June 15, 2026, the following conversion rates are set for forward cover transactions. These rates strictly exclude FE-25 deposits: US Dollar: 278.2957 British Pound: 372.8049 Euro: 321.9046 Japanese Yen: 1.7365 Application of Rates These conversion rates will be valid for transactions with the State Bank of Pakistan (SBP) on June 17, 2026. This ensures that financial transactions align accurately with the prevailing market conditions.