Author name: NEN News

Pakistan

Prime Minister Offers Condolences to MNA Chaudhry Tufail

/

ISLAMABAD — Prime Minister Shehbaz Sharif extended his condolences to Chaudhry Muhammad Tufail, Member of the National Assembly, following the death of his elder brother, Chaudhry Muhammad Iqbal. Prime Minister’s Support During a meeting, Prime Minister Sharif also shared sympathies with Chaudhry Muhammad Arshad, another brother of Tufail. This visit highlighted the Prime Minister’s personal commitment to supporting the MNA’s family during their time of loss. Support for Government Initiatives Chaudhry Tufail expressed firm support for the government’s public welfare policies. His endorsement reflects the strong collaboration between parliamentary members and national leaders. Meeting Attendees Rana Mubashir Iqbal, Special Assistant to the Prime Minister, attended the meeting. His presence emphasized the importance of the gathering and its influence on government operations.

Business

Media-Business Collaboration Crucial for Economic Growth

/

ISLAMABAD — Atif Ikram Sheikh underscored the significance of media-business collaboration in fostering economic growth. This topic was emphasized during the inaugural meeting of the FPCCI Central Standing Committee on Media & Broadcasting. Meeting Overview and Participants This meeting was held at the FPCCI Capital Office, directed by Faisal Zahid Malik, Chairman and CEO of Pakistan Observer. The main objective was to enhance media-business partnerships as a means to advance economic development. Challenges in the Media Sector Crisis management in the media industry was a primary concern addressed. Participants confronted various challenges, such as: Advertisement difficulties Delayed financial recoveries Strategies for sustainable sector growth Advantages of Strong Partnerships Sheikh highlighted the mutual benefits of a robust media-business alliance. He emphasized its crucial role in substantially boosting economic development. Moving forward, the committee plans to strengthen these partnerships for the benefit of both sectors.

Business

Gold Prices Rise by Rs 4,370 Per Tola

/

ISLAMABAD — The price of 24 karat gold in the local market has surged by Rs 4,370 per tola. It now stands at Rs 444,336, an increase from Rs 439,966 on the previous trading day. This update is reported by the All Pakistan Sarafa Gems and Jewellers Association. Impact of Market Conditions The rise in gold prices is largely attributed to fluctuating market conditions and global trends in the trade of precious metals. These factors play a significant role in shaping purchasing decisions for local jewelers and investors. Frequent Rate Updates The All Pakistan Sarafa Gems and Jewellers Association provides regular updates on gold rates. These updates consider variations in international gold prices and shifts in currency exchange rates, ensuring they reflect current market conditions accurately.

Business

PTEA Praises Federal Budget as Balanced and Growth-Oriented

/

Positive Reception of Federal Budget FAISALABAD — The Pakistan Textile Exporters Association (PTEA) has praised the federal budget, describing it as balanced and growth-oriented. They affirm that it aligns well with the nation’s economic realities. The association is optimistic about the budget’s pro-industry initiatives and supportive policy measures. These features are crucial for stimulating economic activity and fostering growth in the textile sector. Impact on Industrial Growth PTEA officials express confidence that the budget can significantly boost industrial growth. It focuses on supporting sustainable economic development nationwide. By enhancing economic prospects, the budget is considered a crucial step toward strengthening the Pakistani economy. Textile Sector’s Outlook The association highlights a positive outlook within the textile sector regarding the government’s fiscal approach. This optimism exists despite ongoing economic challenges in the country.

Pakistan

APHC AJK, Pakistan Chapter Completes Organizational Elections

/

ISLAMABAD — The All Parties Hurriyat Conference (APHC) Azad Jammu and Kashmir (AJK) and Pakistan Chapter has successfully concluded its organizational elections. This process underscores the group’s dedication to democratic values and transparency. Election Process and Results The elections were held through mutual consultation and adherence to strict organizational discipline. This process led to the unopposed election of Ghulam Muhammad Safi as the new Convener. Commitment to Democratic Values The elections are a testament to the APHC’s strong commitment to democratic principles. Participants emphasized the importance of these values in guiding the organization’s operations and maintaining its integrity. Ensuring Fairness and Transparency The election process was meticulously planned to guarantee fairness and transparency. This careful attention to process strengthens the organizational integrity of the APHC AJK and Pakistan Chapter.

Pakistan

Iran–US Peace Deal Imminent, Says PM Shehbaz Sharif

/

ISLAMABAD — Prime Minister Shehbaz Sharif announced that a peace deal between Iran and the United States is expected to be finalized within the next 24 hours. This development is regarded as a crucial milestone toward enduring peace. Prime Minister’s Statement On Saturday, Prime Minister Sharif expressed strong confidence in the ongoing negotiations, which Pakistan has closely monitored. He emphasized that the agreement represents a critical step in resolving longstanding tensions between Iran and the US. Pakistan’s Role Pakistan has played a significant role in facilitating dialogue between Iran and the US. The country has reinforced its position as a key player in this diplomatic effort. Impact on Regional Dynamics The anticipated peace deal could significantly change regional dynamics. It underscores Pakistan’s instrumental role in supporting this dialogue, reflecting the nation’s commitment to fostering regional stability.

Business

Finance Minister Discusses 2026–27 Federal Budget at Press Briefing

/

ISLAMABAD — Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar, and Minister of State for Finance Bilal Azhar Kayani discussed the Federal Budget 2026–27 during a press briefing at P-Block, Pakistan Secretariat. Key Budget Priorities Finance Minister Aurangzeb highlighted the government’s primary fiscal strategies for the coming year. Facilitating comprehensive economic growth Increasing public investment levels Ensuring long-term fiscal sustainability Government Commitment Information Minister Attaullah Tarar emphasized the government’s commitment to transparency and accountability. These principles will guide the budget’s implementation. Initiatives for Investment and Welfare Minister Kayani described initiatives aimed at boosting investment in critical sectors. He also outlined efforts to strengthen essential social welfare programs.

Business

Ministers Address Briefing on Federal Budget 2026–27

/

ISLAMABAD — During a press briefing at the Pakistan Secretariat in Islamabad, Information Minister Attaullah Tarar, Finance Minister Muhammad Aurangzeb, and Minister of State for Finance Bilal Azhar Kayani discussed the Federal Budget 2026–27. They emphasized the government’s focus on sustainable economic growth and fiscal stability. Strategic Budget Allocation Finance Minister Aurangzeb detailed essential aspects of the financial plan, concentrating on the strategic allocation of resources to vital sectors. The key sectors addressed include: Health Education Infrastructure development These initiatives are designed to bolster economic resilience and enhance the living standards of citizens. Commitment to Transparency Minister Tarar underscored the government’s commitment to transparency and accountability, ensuring effective fund utilization to achieve economic objectives. During the session, ministers fielded media questions, offering insights into allocation strategies and future economic prospects. Fiscal Policies and Economic Objectives The briefing highlighted the government’s fiscal policies and economic goals for the next year. The ministers presented detailed strategies outlining the economic framework set to guide Pakistan’s growth.

Pakistan

Deputy PM Dar Reviews PIAC Ltd. Divestment Progress

/

ISLAMABAD — Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, recently led a meeting to review the progress in the initial phase of Pakistan International Airlines Corporation Limited (PIAC Ltd.) divestment. This meeting took place under the Cabinet Committee on Privatization. Key Steps in PIAC Ltd. Divestment The Deputy Prime Minister emphasized the importance of assessing crucial steps towards the first closing of PIAC Ltd.’s divestment. This represents a significant milestone in the government’s ongoing efforts to privatize national assets. Details of the discussions were provided by the Deputy Prime Minister’s Office. Commitment to Economic Reform The committee is dedicated to enhancing both operational efficiency and the financial stability of PIAC Ltd. This initiative is a part of Pakistan’s broader economic reform agenda. Further updates on the divestment process are anticipated in upcoming meetings.

Pakistan

Calls Intensify for Collective Action Against Child Labour

/

ISLAMABAD — The Society for the Protection of the Rights of the Child (SPARC), in partnership with the National Commission on the Rights of the Child (NCRC), marked the World Day Against Child Labour. The event spotlighted the theme, “Red Card to Child Labour: Fair Play for Children, Decent Work for Adults.” Urgent Need for Coordinated Efforts Dr. Nikhat Shakeel of SPARC stressed the critical need for coordinated efforts to eradicate child labour in Pakistan. She underscored the importance of creating more decent work opportunities for adults. This strategy is vital to safeguarding children from exploitation. Global and National Movement This initiative is part of a larger global movement targeting the elimination of child labour. Promoting fair treatment for all children and establishing comprehensive policies are essential goals. The event in Islamabad stressed the development of such policies and the importance of community engagement to address this pressing issue.

Scroll to Top