Author name: NEN News

ISLAMABAD — Former Pakistan hockey captain Shahbaz Ahmad Senior has expressed his delight over receiving an invitation from the International Hockey Federation (FIH) to attend the 2026 Hockey World Cup. He described this recognition as a significant honor for both himself and Pakistan, highlighting the nation’s storied legacy in the world of hockey. What Happened Shahbaz Ahmad Senior, a legendary figure in Pakistan’s hockey history, has been invited by the FIH to participate in the 2026 Hockey World Cup. The invitation is seen as a testament to his contributions to the sport and Pakistan’s rich history in international hockey. Shahbaz Senior remarked, “This invitation is not just a personal honor but a recognition of Pakistan’s glorious legacy in world hockey.” The 2026 Hockey World Cup is set to be a major event in the international sports calendar, and Shahbaz’s inclusion underscores the respect and admiration he commands in the hockey community. Shahbaz Senior’s career is decorated with numerous accolades, including leading Pakistan to victory in the 1994 Hockey World Cup. His dynamic playing style and leadership on the field have left an indelible mark on the sport. The FIH’s invitation is a reflection of his enduring influence and the respect he continues to garner globally. Background Pakistan has a rich history in field hockey, having won three Olympic gold medals and four World Cup titles. The country’s dominance in the sport spanned several decades, particularly from the 1960s to the 1990s. Shahbaz Ahmad Senior, who captained the national team during some of its most successful years, is often credited with being one of the finest forwards in the history of the game. His leadership during the 1994 World Cup, where Pakistan emerged victorious, is particularly celebrated. Over the years, Pakistan’s presence in international hockey has waned due to various factors, including administrative challenges and a lack of investment in the sport. However, the legacy of players like Shahbaz Senior continues to inspire new generations of athletes in the country. Why It Matters The invitation to Shahbaz Ahmad Senior is significant not only for its recognition of his personal achievements but also for its potential impact on Pakistan’s hockey landscape. It serves as a reminder of the country’s historical prowess in the sport and could inspire renewed interest and investment in hockey at both grassroots and national levels. For Pakistan, a nation with a deep-rooted passion for hockey, such international recognition can help rekindle interest in the sport. It highlights the importance of nurturing talent and investing in sports infrastructure to regain its former glory. The acknowledgment from FIH could also encourage young athletes to pursue hockey, knowing that their efforts could one day earn them similar honors. On an international level, the invitation underscores the global recognition of Pakistan’s contributions to hockey. It positions the country as an integral part of the sport’s history and its ongoing narrative. This could potentially open doors for more collaborative efforts between Pakistan and international hockey bodies, fostering development and exchange programs that benefit the sport globally. Key Takeaways Shahbaz Ahmad Senior received an invitation from the International Hockey Federation for the 2026 World Cup. The invitation is a recognition of both his personal achievements and Pakistan’s historical legacy in hockey. Pakistan’s rich hockey history includes three Olympic golds and four World Cup titles. The recognition could inspire renewed interest and investment in hockey within Pakistan. International acknowledgment positions Pakistan as a key player in the global hockey narrative. Source Attribution The article is based on official statements and public communications from the International Hockey Federation and Shahbaz Ahmad Senior. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 16, 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 — A developed capital market is crucial for sustainable economic growth, veteran businessman Arif Habib emphasized during the Securities and Exchange Commission of Pakistan (SECP) Talk Series held in Islamabad. The event, which took place on July 16, brought together key figures from Pakistan’s financial sector to discuss the evolution and future of the country’s capital markets. What Happened At the SECP Talk Series, Arif Habib, a prominent figure with over five decades of experience in Pakistan’s capital markets, highlighted the indispensable role of a developed capital market in fostering sustainable economic growth. The session was attended by SECP Chairman Dr. Kabir Ahmed Sidhu, commissioners, market institutions, academia, and business leaders. The discussions centered on the evolution of Pakistan’s capital markets, the importance of long-term investing, and the necessary reforms to enhance investor participation. Dr. Kabir Ahmed Sidhu opened the session by underscoring the SECP’s commitment to institutionalizing knowledge-sharing. He stated, “Our objective is to build a capital market ecosystem that is transparent, accessible, and aligned with global standards.” He also outlined ongoing reforms, such as digital investor onboarding, the implementation of the T+1 settlement cycle, and initiatives aimed at expanding the investor base to 2.5 million through greater financial inclusion and easier market access. Reflecting on the historical journey of Pakistan’s capital markets, Arif Habib traced its development from open-outcry trading floors to the current technology-driven marketplace. He emphasized that despite the evolution of markets, the core principles of successful investing remain discipline, patience, and long-term thinking. Habib pointed out that the Pakistan Stock Exchange has delivered an average annual return of approximately 22 percent over the past 22 years and a 14 percent dollar-denominated return over the last five years. He stressed the temporary nature of market volatility, advocating for long-term investment in fundamentally strong companies as a means to create sustainable wealth. Habib also highlighted the critical role of capital markets in mobilizing savings, financing businesses, strengthening corporate governance, and generating employment across various sectors, including brokerage, asset management, investment banking, research, fintech, and advisory services. Furthermore, Habib emphasized the need to increase financial literacy, particularly among young Pakistanis, to broaden participation in formal capital markets. Background Pakistan’s capital market has undergone significant transformation over the decades. The SECP, established in 1997, has been instrumental in regulating and developing the capital markets. The Pakistan Stock Exchange (PSX), which was formed by the merger of the Karachi, Lahore, and Islamabad stock exchanges, serves as the country’s primary stock exchange. The PSX has played a pivotal role in facilitating capital formation and investment opportunities. In recent years, the SECP has introduced various reforms to enhance market efficiency and investor protection. These include the introduction of a T+2 settlement cycle, the establishment of a central depository system, and the implementation of a comprehensive risk management framework. Why It Matters The development of a robust capital market is vital for Pakistan’s economic growth and stability. A well-functioning capital market provides businesses with access to capital, enabling them to expand operations, invest in innovation, and create jobs. For individual investors, it offers opportunities for wealth creation and financial security. In the context of Pakistan’s economy, which faces challenges such as fiscal deficits, inflation, and external debt, a developed capital market can play a crucial role in mobilizing domestic savings and attracting foreign investment. By facilitating efficient allocation of resources, the capital market can contribute to economic diversification and resilience. Moreover, increasing financial literacy and broadening investor participation are essential for enhancing market depth and liquidity. This, in turn, can lead to more stable and efficient markets, reducing the impact of speculative trading and market volatility. Key Takeaways Arif Habib emphasized the importance of a developed capital market for sustainable economic growth at the SECP Talk Series. The SECP is implementing reforms to enhance market transparency, accessibility, and investor participation. Pakistan’s capital market has evolved significantly, with the PSX delivering strong returns over the years. Increasing financial literacy among young Pakistanis is crucial for broadening market participation. A robust capital market can help address economic challenges and attract investment. 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 16, 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.

KARACHI — Pakistan’s total liquid foreign reserves have decreased to $22.67 billion as of July 10, 2026, according to official figures. The State Bank of Pakistan (SBP) reported a significant decline in its reserves, which fell by $1.245 billion during the week ending July 10, bringing the SBP’s holdings to $17.23 billion. What Happened The State Bank of Pakistan (SBP) announced that its foreign exchange reserves saw a decrease of $1.245 billion in the week ending July 10, 2026. This reduction brought the SBP’s reserves down to $17.23 billion, contributing to the country’s total liquid foreign reserves standing at $22.67 billion. The decline in reserves is attributed to external debt repayments and other financial obligations that Pakistan had to meet during this period. The dwindling reserves come at a time when Pakistan is grappling with economic challenges, including a high import bill and the need to service its external debt. The SBP’s reserves are crucial for maintaining the country’s financial stability and ensuring that it can meet its international payment obligations. The central bank has been actively managing its reserves to maintain a balance between supporting the local currency and fulfilling external commitments. In a statement, the SBP highlighted the importance of maintaining adequate reserve levels to support the economy. “The management of foreign exchange reserves is critical to ensure the stability of the Pakistani rupee and to meet the country’s international financial obligations,” the SBP stated. Background Pakistan’s foreign exchange reserves have been under pressure due to several factors, including a persistent trade deficit, rising global oil prices, and the need to repay external debt. Historically, the country has relied on financial assistance from international financial institutions and friendly countries to bolster its reserves. The International Monetary Fund (IMF) has been a key partner in providing financial support to Pakistan through various loan programs aimed at stabilizing the economy. In recent years, Pakistan has also sought to diversify its foreign exchange sources by encouraging remittances from overseas Pakistanis and attracting foreign direct investment. However, these measures have faced challenges due to global economic uncertainties and domestic economic constraints. Why It Matters The decline in Pakistan’s foreign reserves is a cause for concern as it directly impacts the country’s ability to manage its external payments and maintain economic stability. Lower reserves can lead to increased pressure on the Pakistani rupee, potentially resulting in inflationary pressures and higher import costs. This, in turn, affects the purchasing power of citizens and can lead to a higher cost of living. Economically, the reserves are vital for ensuring that Pakistan can meet its debt obligations without resorting to excessive borrowing, which could further strain the national budget. Politically, maintaining adequate reserves is crucial for the government’s credibility and its ability to negotiate favorable terms with international lenders and partners. On the international front, the state of Pakistan’s reserves is closely watched by investors and rating agencies, as it reflects the country’s financial health and its ability to honor international commitments. A stable reserve position is essential for attracting foreign investment and fostering economic growth. Key Takeaways Pakistan’s total liquid foreign reserves have decreased to $22.67 billion as of July 10, 2026. The State Bank of Pakistan’s reserves fell by $1.245 billion during the week ending July 10. The decline is attributed to external debt repayments and financial obligations. Lower reserves can impact the Pakistani rupee and lead to inflationary pressures. Maintaining adequate reserves is crucial for economic stability and international credibility. 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 16, 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.

LAHORE — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has underscored the importance of empowering women entrepreneurs to bolster Pakistan’s economic growth and enhance its global trade competitiveness. On Thursday, FPCCI Vice President Qurrat ul Ain articulated the necessity of integrating women into international markets and equipping them with advanced skills to expand the country’s export base. What Happened During a recent address, FPCCI Vice President Qurrat ul Ain emphasized the critical role that women entrepreneurs can play in achieving sustainable economic growth. She highlighted the need for policies that facilitate women’s access to international markets and provide them with the necessary skills to compete on a global scale. “Empowering women entrepreneurs is essential for expanding Pakistan’s export base and enhancing the country’s competitiveness in the global marketplace,” she stated. Qurrat ul Ain called for comprehensive strategies to support women in business, including access to finance, mentorship programs, and skill development initiatives. She pointed out that despite the significant potential, women entrepreneurs in Pakistan face numerous challenges, such as limited access to financial resources, lack of training opportunities, and societal constraints. Addressing these barriers, she argued, would not only benefit women but also contribute to the broader economic objectives of the nation. The FPCCI’s call to action comes at a time when Pakistan is striving to improve its economic standing by diversifying its export portfolio and enhancing trade relations globally. The organization believes that women entrepreneurs are a largely untapped resource that could drive innovation and growth in various sectors, particularly in industries where women already have a strong presence, such as textiles and handicrafts. Background Pakistan has historically faced challenges in integrating women into the formal economy. According to the World Bank, women’s labor force participation in Pakistan is among the lowest in South Asia. Cultural norms, limited mobility, and lack of access to education and financial services have contributed to this disparity. Over the years, various initiatives have been launched to address these issues, but significant gaps remain. The government has introduced several policies aimed at promoting gender equality and supporting women entrepreneurs. These include the establishment of women chambers of commerce, microfinance programs tailored for women, and vocational training centers. However, the implementation of these policies has been inconsistent, and many women still find it difficult to break into the business world. Why It Matters The empowerment of women entrepreneurs is crucial for Pakistan’s economic development. By fostering an inclusive business environment, Pakistan can tap into the potential of half its population, driving innovation and increasing productivity. Empowering women in business not only contributes to economic growth but also promotes social equity and reduces poverty. On an international level, enhancing women’s participation in trade can improve Pakistan’s competitiveness. Women entrepreneurs often bring unique perspectives and innovative solutions to the marketplace, which can differentiate Pakistani products and services in global markets. This is particularly important as Pakistan seeks to diversify its exports and reduce its reliance on traditional sectors. Moreover, supporting women entrepreneurs aligns with global trends towards gender equality and sustainable development. International organizations and trade partners increasingly prioritize gender-inclusive policies, and Pakistan’s commitment to empowering women can enhance its reputation and foster stronger international partnerships. Key Takeaways FPCCI emphasizes the need to empower women entrepreneurs to boost economic growth and global trade competitiveness. Women entrepreneurs face challenges such as limited access to finance and training, which need to be addressed. Integrating women into the economy can drive innovation and productivity, benefiting the broader economic landscape. Supporting women entrepreneurs aligns with global trends towards gender equality and sustainable development. Enhancing women’s participation in trade can improve Pakistan’s international competitiveness and foster stronger partnerships. Source Attribution This article is based on official statements from the Federation of Pakistan Chambers of Commerce and Industry 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 16, 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 — The Secretary-General of the Developing-8 Organization for Economic Cooperation (D-8), Ambassador Sohail Mahmood, has called for greater media collaboration among member states during his address at the Shusha Global Media Forum. On July 16, Ambassador Sohail outlined his vision for the D-8 Media Excellence Center, aiming to foster innovation, capacity-building, and ethical journalism across the member nations. What Happened At the 4th Shusha Global Media Forum, Ambassador Sohail Mahmood led the D-8 delegation and emphasized the critical role of media in shaping public opinion and fostering mutual understanding among the D-8 countries. He highlighted the necessity for a cohesive media strategy that can address the challenges of misinformation and promote accurate reporting. The forum, attended by media professionals and representatives from various countries, provided a platform for discussing the evolving dynamics of global media and its impact on international relations. Ambassador Sohail proposed the establishment of the D-8 Media Excellence Center, which would serve as a hub for media innovation and capacity-building. He stated, “The center will be pivotal in enhancing the skills of media professionals and ensuring adherence to ethical journalism standards.” The initiative aims to facilitate the exchange of best practices among member states and develop a network of media professionals committed to promoting factual and unbiased reporting. The forum also addressed the challenges posed by digital transformation and the proliferation of social media platforms, which have significantly altered the media landscape. Participants discussed strategies to leverage these platforms for positive engagement and counter the spread of misinformation. Background The Developing-8 Organization for Economic Cooperation, commonly known as D-8, was established in 1997 to enhance economic cooperation among eight developing countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The organization focuses on promoting sustainable development through collaboration in various sectors, including trade, agriculture, and industry. The Shusha Global Media Forum is an annual event that brings together media professionals, policymakers, and academics to discuss the challenges and opportunities in the global media landscape. The forum aims to foster dialogue and cooperation among different stakeholders to improve the quality and impact of media worldwide. Why It Matters The call for enhanced media cooperation among D-8 member states is significant in the context of increasing global challenges such as misinformation, fake news, and media polarization. By fostering collaboration, the D-8 aims to create a unified media front that can effectively address these issues and promote accurate information dissemination. For Pakistan, as a member of the D-8, this initiative presents an opportunity to strengthen its media sector by adopting best practices from other member states. It can lead to improved journalism standards and greater public trust in media institutions. Furthermore, the establishment of the D-8 Media Excellence Center could position Pakistan as a leader in media innovation and ethical journalism within the region. On an international level, enhanced media cooperation among D-8 countries could contribute to a more balanced representation of developing nations in the global media narrative. It can help counter stereotypes and provide a platform for diverse voices and perspectives, thus promoting a more inclusive and equitable global discourse. Key Takeaways Ambassador Sohail Mahmood calls for stronger media cooperation among D-8 member states at the Shusha Global Media Forum. The proposed D-8 Media Excellence Center aims to foster innovation, capacity-building, and ethical journalism. Enhanced media collaboration can help address challenges like misinformation and promote accurate reporting. Pakistan stands to benefit from improved journalism standards and greater public trust in media institutions. Internationally, the initiative could lead to a more balanced representation of developing nations in global media. 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 16, 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.

KARACHI — The National Bank of Pakistan (NBP) released its updated foreign exchange rates on Thursday, reflecting the latest figures from its Treasury Management Division. The announcement comes as Pakistan continues to navigate economic challenges, with currency fluctuations impacting both businesses and consumers. What Happened The Treasury Management Division of the NBP issued the latest exchange rates for a range of currencies, providing crucial information for importers, exporters, and financial analysts. According to the released data, the US Dollar (USD) was listed at a telegraphic transfer (TT) selling rate of PKR 278.40 and a buying rate of PKR 277.90. The Euro (EUR) was priced at a TT selling rate of PKR 319.26 and a buying rate of PKR 318.68. Other notable currencies include the British Pound (GBP), which was set at a TT selling rate of PKR 376.78 and a buying rate of PKR 376.11, and the Japanese Yen (JPY) with a selling rate of PKR 1.7176 and a buying rate of PKR 1.7145. The Swiss Franc (CHF) was listed at PKR 345.53 for selling and PKR 344.91 for buying, while the Canadian Dollar (CAD) was priced at PKR 198.20 for selling and PKR 197.84 for buying. Additional currencies such as the Australian Dollar (AUD), Swedish Krona (SEK), and Norwegian Krone (NOK) were also included in the update, reflecting minor fluctuations that could impact trade and investment decisions. The NBP also provided conversion rates for frozen foreign currency deposits, with the USD at PKR 277.9530, GBP at PKR 371.5676, and EUR at PKR 317.5335. Background Pakistan’s economy has been under significant pressure due to a combination of internal and external factors, including inflation, fiscal deficits, and geopolitical tensions. The foreign exchange rates issued by the NBP are crucial for businesses engaged in international trade, as they provide a benchmark for currency conversion and financial planning. Historically, the Pakistani Rupee has experienced volatility against major currencies, influenced by global market trends, domestic economic policies, and international trade agreements. The State Bank of Pakistan (SBP) plays a pivotal role in managing the country’s monetary policy, including interventions in the foreign exchange market to stabilize the currency. Why It Matters The release of updated foreign exchange rates by the NBP is significant for several reasons. Firstly, it directly affects the cost of imports and exports, influencing the pricing strategies of businesses engaged in international trade. Fluctuations in exchange rates can lead to increased costs for imported goods, which may be passed on to consumers, contributing to inflationary pressures. Secondly, the exchange rates impact remittances, a vital source of foreign exchange for Pakistan. With millions of Pakistanis working abroad, the value of remittances is closely tied to exchange rate movements. A stronger rupee can reduce the local currency value of remittances, affecting household incomes and spending power. Furthermore, the foreign exchange rates are a barometer of investor confidence in Pakistan’s economy. Stable and predictable exchange rates can attract foreign investment, while volatility may deter investors seeking stable returns. The NBP’s rates provide insights into market perceptions and economic conditions, influencing investment decisions. Lastly, these rates are crucial for policymakers and economists who analyze economic trends and formulate strategies to address macroeconomic challenges. Understanding exchange rate dynamics is essential for crafting effective monetary and fiscal policies that promote economic stability and growth. Key Takeaways The NBP released updated foreign exchange rates, impacting trade and financial planning. The US Dollar was listed at a TT selling rate of PKR 278.40 and a buying rate of PKR 277.90. Exchange rates influence import costs, remittances, and investor confidence in Pakistan. Stable exchange rates are vital for attracting foreign investment and economic growth. Policymakers use exchange rate data to address macroeconomic challenges. Source Attribution This article is based on official statements and public communications from the National Bank of Pakistan. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 16, 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.