Author name: NEN News

World

National Bank Of Pakistan Releases Updated Exchange Rates

KARACHI — The National Bank of Pakistan (NBP) has released the latest exchange rates through its Treasury Management Division as of Friday. These rates are crucial for businesses and individuals engaged in foreign exchange transactions across the nation. What Happened The Treasury Management Division of the National Bank of Pakistan announced the updated exchange rates for various currencies on Friday. These rates are essential for financial transactions involving foreign currencies, impacting importers, exporters, and travelers. According to the NBP, the US dollar is being sold at 279.95 Pakistani Rupees (PKR) and bought at 277.45 PKR. The Euro stands at a selling rate of 325.01 PKR and a buying rate of 324.43 PKR. The British Pound is listed with a selling rate of 379.26 PKR and a buying rate of 378.58 PKR. Other notable currencies include the Japanese Yen, which is being sold at 1.7478 PKR and bought at 1.7446 PKR. The Swiss Franc is available at a selling rate of 347.57 PKR and a buying rate of 346.94 PKR. The Canadian Dollar is listed at 201.94 PKR for selling and 201.58 PKR for buying. Additionally, the Australian Dollar is being sold at 198.47 PKR and bought at 198.12 PKR. Among regional currencies, the Chinese Yuan is being sold at 41.35 PKR and bought at 41.27 PKR, while the Saudi Riyal is available at a selling rate of 74.03 PKR and a buying rate of 73.90 PKR. The Kuwaiti Dinar, one of the highest-valued currencies, is listed at 906.26 PKR for selling and 904.63 PKR for buying. Background The National Bank of Pakistan, established in 1949, is one of the largest commercial banks in Pakistan and plays a pivotal role in the country’s financial sector. The bank’s Treasury Management Division is responsible for managing foreign exchange operations and providing updated exchange rates to facilitate trade and investment. The exchange rates are determined based on various factors, including international market trends, domestic economic conditions, and monetary policies. Exchange rates fluctuate due to changes in demand and supply dynamics, influenced by global economic indicators, geopolitical events, and central bank interventions. The NBP’s regular updates on exchange rates are crucial for maintaining transparency and aiding stakeholders in making informed financial decisions. 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, influencing the trade balance and overall economic health of the country. Businesses involved in international trade rely heavily on these rates to price their goods and services competitively. For individuals, especially those planning to travel abroad or remit money to family members overseas, understanding the current exchange rates is essential for budgeting and financial planning. The rates also affect the purchasing power of consumers, as fluctuations can lead to changes in the prices of imported goods. On a broader scale, the exchange rates reflect the economic stability and investor confidence in Pakistan. A stable currency can attract foreign investment, contributing to economic growth and development. Conversely, significant volatility in exchange rates may deter investors and create uncertainty in the market. Key Takeaways The National Bank of Pakistan has updated its exchange rates, affecting various currencies. The US dollar is being sold at 279.95 PKR and bought at 277.45 PKR. The Euro and British Pound have selling rates of 325.01 PKR and 379.26 PKR, respectively. Exchange rates impact trade, investment, and consumer purchasing power. Stable exchange rates are crucial for economic growth and investor confidence. 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: August 21, 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.

World

Federal Government Allocates 2% Job Quota for Persons with Disabilities

ISLAMABAD — The federal government of Pakistan has officially set aside a 2% employment quota for Persons with Disabilities, as confirmed by Federal Minister for Parliamentary Affairs, Dr. Tariq Fazal Chaudhry. This announcement was made on Friday in response to a Senate inquiry, highlighting the government’s commitment to inclusivity in the workforce. What Happened Dr. Tariq Fazal Chaudhry, in a written reply to a question posed in the Senate, detailed the federal government’s decision to reserve a 2% employment quota specifically for Persons with Disabilities. This policy is in alignment with the Islamabad Capital Territory (ICT) Rights of Persons with Disabilities Act, 2020, which was enacted on September 23, 2020. The Act mandates that the quota be calculated based on the overall sanctioned strength of an organization, rather than being applied to each Basic Pay Scale (BPS) individually. The minister further elaborated that, following the Act’s provisions and the directives from the Prime Minister, the Establishment Division issued uniform guidelines to all ministries and divisions on June 18, 2021. These guidelines ensure the consistent application of the employment quota across all governmental bodies. Additionally, a letter dated July 21, 2026, was dispatched to all ministries and divisions, requesting updated information on vacant positions that fall under the prescribed 2% quota for Persons with Disabilities. Background The ICT Rights of Persons with Disabilities Act, 2020, represents a significant legislative effort to promote the rights and integration of Persons with Disabilities into the societal fabric of Pakistan. Prior to this, employment opportunities for individuals with disabilities were often limited, with no standardized quota system in place to ensure fair representation within the workforce. This Act is part of a broader global movement towards inclusivity and equal opportunity, reflecting commitments made under international frameworks such as the United Nations Convention on the Rights of Persons with Disabilities, which Pakistan ratified in 2011. The establishment of a clear employment quota is a step towards fulfilling these international obligations and ensuring that Persons with Disabilities have access to meaningful employment opportunities. Why It Matters The allocation of a 2% employment quota for Persons with Disabilities is a crucial development in promoting inclusivity and diversity within Pakistan’s workforce. Economically, this initiative aims to empower a segment of the population that has historically been marginalized, thereby enhancing their economic independence and reducing reliance on social welfare systems. Socially, the policy fosters a more inclusive society by recognizing the capabilities and contributions of Persons with Disabilities. It challenges prevailing stereotypes and encourages a shift towards a more equitable and empathetic view of disability. By integrating Persons with Disabilities into the workforce, the government is also setting a precedent for private sector employers to follow suit, potentially leading to broader societal changes in attitudes towards disability. Politically, this move underscores the government’s commitment to upholding human rights and adhering to international standards. It also reflects a strategic alignment with global best practices, which can enhance Pakistan’s image on the international stage as a nation dedicated to inclusivity and equality. Key Takeaways The federal government has reserved a 2% employment quota for Persons with Disabilities. This policy is based on the ICT Rights of Persons with Disabilities Act, 2020. Guidelines were issued to ensure consistent application across all ministries and divisions. The initiative aligns with international human rights commitments and promotes economic independence for Persons with Disabilities. It sets a precedent for inclusivity, potentially influencing private sector employment practices. 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: August 21, 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.

World

94% Of Gaza Households Require Shelter Aid Amid Ongoing Conflict: UN Survey

UNITED NATIONS — A recent United Nations survey has revealed that 94 percent of Gaza’s 2.1 million residents are in dire need of shelter assistance as Israeli military actions persist in the region. UN agencies and peacekeepers issued this warning on Thursday, highlighting the severe humanitarian crisis unfolding in the war-torn enclave. What Happened According to the UN, more than four out of five families in Gaza are experiencing critical or catastrophic living conditions. These conditions are exacerbated by a lack of fuel, energy, and essential household items. UN Spokesperson Stephane Dujarric explained that these shortages severely impact daily life, affecting residents’ ability to perform basic tasks such as sleeping, cooking, washing, storing food and water, maintaining adequate lighting, and coping with extreme weather conditions. Nearly two-thirds of Gaza’s families are currently residing in tents or makeshift shelters, which are rapidly deteriorating due to their temporary nature. Last winter, over 70 percent of these families faced flooding, underscoring the urgent need for more permanent housing solutions. Dujarric noted the ongoing challenges in delivering structured shelter to Gaza, citing funding shortages and Israeli restrictions on the entry of construction materials and equipment. The UN and its partners estimate that $562 million is needed to improve living conditions in the area. The UN Office for the Coordination of Humanitarian Affairs (OCHA) continues to report on the civilian toll of the conflict, with Palestinian civilians, including children, being killed or injured by Israeli airstrikes, shelling, and gunfire. On Thursday, the remains of 50 individuals, including 19 children, were interred after being recovered from the rubble in Gaza, having been killed over two years ago. Efforts to clear rubble and retrieve bodies are hampered by restrictions on the entry of heavy machinery and other essential supplies. Meanwhile, the UN Development Programme (UNDP) has expanded pest control activities to address unsanitary conditions, reaching over 3,250 high-risk sites since May. Background The Gaza Strip has been a focal point of conflict for decades, with the most recent escalation in violence stemming from long-standing political and territorial disputes between Israel and Palestinian groups. The blockade imposed by Israel and Egypt has severely restricted the movement of goods and people, contributing to the humanitarian crisis. International efforts to broker peace have repeatedly stalled, leaving the region in a state of perpetual conflict. The UN has been actively involved in providing humanitarian aid and advocating for the rights of civilians in Gaza. However, the delivery of aid has been consistently challenged by logistical and political barriers, including restrictions imposed by the Israeli government. Why It Matters The humanitarian crisis in Gaza has significant implications for regional stability and international relations. The dire living conditions faced by the majority of Gaza’s population highlight the urgent need for a sustainable resolution to the conflict. The inability to provide adequate shelter and basic necessities not only exacerbates the suffering of civilians but also fuels further unrest and instability in the region. Economically, the ongoing conflict and humanitarian crisis hinder development and investment opportunities, perpetuating a cycle of poverty and dependency on international aid. Socially, the lack of basic infrastructure and services severely impacts the health and well-being of residents, particularly children, who are deprived of education and safe living environments. Internationally, the situation in Gaza continues to draw attention and criticism from human rights organizations and governments worldwide. The UN’s call for increased funding and support underscores the global responsibility to address the humanitarian needs of Gaza’s population and work towards a peaceful resolution of the conflict. Key Takeaways 94 percent of Gaza’s population requires shelter assistance due to ongoing Israeli military actions. UN agencies report critical living conditions, with shortages of fuel, energy, and essential items. Efforts to provide permanent housing are hindered by funding shortfalls and Israeli restrictions. The humanitarian crisis in Gaza has broader implications for regional stability and international relations. Increased global support and funding are needed to address the urgent needs of Gaza’s residents. 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: August 21, 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.

Pakistan

Punjab and Ontario Ministers Explore Trade and Investment Opportunities

LAHORE — Punjab Minister of Industries, Commerce and Investment Shafay Hussain met with Ontario’s Minister of Economic Development, Job Creation and Trade Victor Fedeli on Friday to discuss strategies for enhancing trade and investment between the two regions. The meeting, held in Lahore, aimed to strengthen economic ties and explore mutual opportunities for growth. What Happened The meeting between Minister Shafay Hussain and Minister Victor Fedeli marked a significant step in fostering economic collaboration between Punjab, Pakistan, and Ontario, Canada. During the discussions, both ministers expressed a strong commitment to boosting bilateral trade and investment. They explored various sectors where cooperation could be enhanced, including technology, agriculture, and manufacturing. Minister Hussain highlighted Punjab’s strategic position as an economic hub in Pakistan, emphasizing the province’s potential to attract foreign investment. He stated, “Punjab offers a conducive environment for investors, with policies that support industrial growth and innovation.” The minister also invited Canadian businesses to explore opportunities in Punjab’s emerging markets. Minister Fedeli, on his part, acknowledged the potential for collaboration and shared Ontario’s interest in expanding its economic footprint in South Asia. He remarked, “Ontario is keen to build on its existing relationships and explore new avenues for trade and investment with Punjab.” The Canadian delegation expressed interest in sectors such as information technology, renewable energy, and agri-business, which align with Ontario’s economic strengths. The meeting concluded with both parties agreeing to establish a joint working group to identify specific projects and initiatives that could be pursued in the near future. This group will focus on facilitating business-to-business interactions and easing the process for potential investors from both regions. Background Punjab, as Pakistan’s most populous province, plays a crucial role in the country’s economy. It has been actively seeking to attract foreign investment to boost its industrial and commercial sectors. The province has implemented several reforms to create a more investor-friendly environment, including tax incentives and streamlined regulatory processes. Ontario is Canada’s most populous province and a leading economic powerhouse, known for its diverse economy and strong industrial base. The province has a robust trade relationship with several countries and is continuously looking to expand its international partnerships. Historically, Pakistan and Canada have enjoyed cordial relations, with trade and investment being key components of their bilateral ties. The recent meeting between the ministers of Punjab and Ontario is part of ongoing efforts to deepen these economic connections. Why It Matters The discussions between Punjab and Ontario ministers hold significant implications for both regions. For Punjab, attracting investment from a developed economy like Ontario could lead to increased industrial activity, job creation, and technological advancements. This aligns with Pakistan’s broader economic goals of enhancing industrial output and reducing unemployment. For Ontario, establishing a stronger presence in Punjab opens up new markets for Canadian businesses, particularly in sectors where Ontario has a competitive advantage. This could lead to increased exports and economic diversification, benefiting Ontario’s economy. Moreover, the collaboration between Punjab and Ontario could serve as a model for other provinces and regions, encouraging more international partnerships and fostering a global economic network. Such initiatives are crucial for addressing global economic challenges and promoting sustainable development. Key Takeaways Punjab and Ontario ministers discussed enhancing trade and investment ties. The meeting focused on sectors like technology, agriculture, and manufacturing. A joint working group will be established to identify specific projects. Punjab aims to attract foreign investment to boost its economy. Ontario seeks to expand its economic footprint in South Asia. 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: August 21, 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.

Pakistan

Astore Officials Assess Compensation for Goreekot–Shaghurthang Road Project

ASTORE — Deputy Commissioner Astore Madam Neelam Ali and Assistant Commissioner Shounter Taufeeq Ahmed conducted a comprehensive review of the compensation process for properties affected by the Goreekot–Shaghurthang Road project. The officials visited the project site to oversee the efforts of the revenue team responsible for evaluating and compensating land and property owners impacted by the development. What Happened The visit by Deputy Commissioner Neelam Ali and Assistant Commissioner Taufeeq Ahmed to the Goreekot–Shaghurthang Road project site marks a significant step in ensuring fair compensation for those whose properties lie in the path of the road’s expansion. The officials engaged with the revenue team, which has been tasked with meticulously assessing the value of the affected properties to determine appropriate compensation. During their visit, the officials reviewed the ongoing work and provided guidance to ensure that the compensation process is conducted transparently and efficiently. The project, which aims to improve connectivity in the region, has necessitated the acquisition of land, impacting several property owners along the proposed route. Deputy Commissioner Neelam Ali emphasized the importance of a fair and timely compensation process, stating, “Our primary goal is to ensure that all affected parties receive just compensation for their properties. This project is crucial for regional development, and we are committed to addressing the concerns of the local community.” Assistant Commissioner Taufeeq Ahmed added, “We are closely monitoring the progress and are in constant communication with the revenue team to expedite the process. Transparency and fairness are our top priorities.” Background The Goreekot–Shaghurthang Road project is part of a broader initiative to enhance infrastructure in the Astore district. The road is expected to significantly improve transportation links, facilitating economic growth and access to essential services for local residents. However, the project requires the acquisition of land, which has raised concerns among property owners regarding fair compensation. Historically, infrastructure projects in Pakistan have faced challenges related to land acquisition and compensation. Ensuring that affected parties are adequately compensated has been a recurring issue, often leading to delays and disputes. The involvement of district officials in the current project aims to mitigate such challenges and ensure a smooth execution of the compensation process. Why It Matters The Goreekot–Shaghurthang Road project holds significant economic and social implications for the Astore region. Improved road infrastructure is expected to boost local commerce by facilitating easier access to markets, reducing transportation costs, and attracting investment. This, in turn, could lead to job creation and improved livelihoods for residents. From a social perspective, better connectivity will enhance access to healthcare, education, and other essential services, contributing to an improved quality of life for the community. However, the success of the project hinges on the fair treatment of affected property owners. The involvement of district officials in overseeing the compensation process underscores the government’s commitment to addressing local concerns and ensuring equitable outcomes. Moreover, the project is a reflection of broader national efforts to improve infrastructure and promote regional development. Successful execution of such projects can serve as a model for other regions, demonstrating the benefits of transparent and fair compensation practices in infrastructure development. Key Takeaways Deputy Commissioner Neelam Ali and Assistant Commissioner Taufeeq Ahmed reviewed the compensation process for the Goreekot–Shaghurthang Road project. The project aims to improve connectivity and economic growth in the Astore district. Ensuring fair compensation for affected property owners is a priority for local officials. Improved infrastructure is expected to enhance access to markets and essential services. The project reflects broader efforts to promote regional development in Pakistan. 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: August 21, 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.

Pakistan

ICT Police Enhance Officer Performance Through Psychological Testing

ISLAMABAD — The Islamabad Capital Territory (ICT) Police have initiated a comprehensive psychological testing program for their officers and personnel. This initiative, directed by Inspector General of Police (IGP) Islamabad Syed Ali Nasir Rizvi, aims to bolster the mental capabilities, professional performance, and overall efficiency of the police force. What Happened The ICT Police have embarked on a systematic approach to improve the mental acuity and professional skills of their officers through psychological assessments. These tests are designed to identify areas where officers may require further development or support, thereby enhancing their ability to perform their duties effectively. According to official statements, the program is part of a broader strategy to ensure that the police force is not only physically fit but also mentally resilient. IGP Syed Ali Nasir Rizvi emphasized the importance of mental health in law enforcement, stating, “The psychological well-being of our officers is crucial for maintaining high standards of law enforcement and public safety.” The testing involves a series of evaluations that measure various cognitive and emotional aspects, ensuring that officers are equipped to handle the stresses and challenges of their roles. This initiative is not a one-time effort but part of an ongoing commitment to professional development within the ICT Police. The assessments are expected to be followed by tailored training programs and support systems to address any identified needs. This proactive approach is anticipated to result in a more competent and responsive police force. Background The ICT Police have been at the forefront of implementing modern policing techniques in Pakistan. Over the years, there has been a growing recognition of the need for psychological support and development in law enforcement agencies worldwide. Historically, police forces have focused predominantly on physical training, but recent trends highlight the importance of mental health and psychological resilience. In Pakistan, the move towards integrating psychological assessments into police training aligns with similar initiatives globally. Countries like the United States and the United Kingdom have long incorporated psychological evaluations as a standard part of police training and development. This shift reflects a broader understanding of the complex nature of policing and the diverse challenges officers face in their line of duty. Why It Matters The introduction of psychological testing within the ICT Police holds significant implications for the effectiveness and efficiency of law enforcement in Islamabad. By focusing on the mental health of officers, the police force can better manage stress, reduce incidents of burnout, and improve decision-making under pressure. This not only enhances individual performance but also contributes to the overall safety and security of the community. Moreover, this initiative reflects a progressive attitude towards policing in Pakistan, aligning with international best practices. It underscores a commitment to modernizing the police force, which is crucial in a rapidly changing socio-political landscape. As crime becomes more sophisticated, the need for a mentally agile and resilient police force becomes paramount. For the citizens of Islamabad, this development promises a more effective and empathetic police service. Officers who are psychologically well-equipped are more likely to engage positively with the community, fostering trust and cooperation between the police and the public. This can lead to improved crime prevention and resolution, ultimately enhancing the quality of life in the capital. Key Takeaways The ICT Police have launched psychological testing to enhance officer performance. This initiative is directed by IGP Syed Ali Nasir Rizvi and focuses on mental resilience. The program aligns with international best practices in law enforcement. Psychological assessments are expected to improve officer decision-making and community relations. This effort reflects a modernization of policing strategies in Pakistan. Source Attribution This article is based on official government statements 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: August 21, 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.

World

Pakistan’s Exchange Rates Bulletin Released by Financial Markets Association

KARACHI — The Financial Markets Association of Pakistan’s Exchange Rates Committee issued the latest foreign exchange rates bulletin on Thursday, August 20, 2026. This bulletin provides key insights into the conversion rates for foreign currency, which are crucial for businesses and individuals engaged in international transactions. What Happened The Exchange Rates Committee of the Financial Markets Association of Pakistan released a detailed bulletin outlining the conversion rates for various foreign currencies. These rates are applicable for forward cover for deposits, excluding FE-25 deposits, with the State Bank of Pakistan’s settlement value date set for August 24, 2026. According to the bulletin, the conversion rate for the US Dollar (USD) is set at 277.5572 Pakistani Rupees. The British Pound (GBP) stands at 376.1455 PKR, while the Euro (EUR) is valued at 321.9108 PKR. The Japanese Yen (JPY) is pegged at 1.7432 PKR. These rates are crucial for financial institutions, businesses, and individuals involved in foreign exchange transactions, providing a benchmark for the valuation of foreign currencies against the Pakistani Rupee. The issuance of this bulletin is part of the regular updates provided by the Financial Markets Association to ensure transparency and facilitate informed decision-making in the financial sector. These rates are particularly significant for importers, exporters, and investors who rely on accurate and timely foreign exchange rate information to manage their financial operations effectively. Background The Financial Markets Association of Pakistan plays a pivotal role in the country’s financial sector by providing essential information and guidelines regarding foreign exchange rates. Established to promote the interests of financial markets, the association is responsible for ensuring that market participants have access to reliable and up-to-date information on exchange rates. Historically, exchange rates have been a critical component of Pakistan’s economic framework, influencing trade balances, inflation rates, and overall economic stability. The State Bank of Pakistan, in collaboration with financial institutions and associations, monitors and regulates these rates to maintain economic equilibrium and foster growth. Why It Matters The release of the exchange rates bulletin holds significant importance for Pakistan’s economy and its international trade relations. Accurate exchange rates are essential for determining the cost of imports and exports, which directly impacts the country’s trade balance. A stable and predictable exchange rate regime can enhance investor confidence, attract foreign investment, and promote economic growth. For businesses involved in international trade, these rates are crucial for pricing goods and services, managing currency risk, and optimizing financial performance. Importers and exporters must closely monitor these rates to make informed decisions regarding their transactions and contracts. On a broader scale, exchange rates influence inflation and purchasing power within the country. A depreciating currency can lead to higher import costs, contributing to inflationary pressures. Conversely, a stable or appreciating currency can help mitigate inflation and enhance the purchasing power of consumers. Internationally, exchange rates affect Pakistan’s competitiveness in global markets. A competitive exchange rate can make Pakistani goods and services more attractive to foreign buyers, boosting exports and supporting economic growth. Conversely, unfavorable exchange rates can hinder export performance and widen the trade deficit. Key Takeaways The Financial Markets Association of Pakistan released the latest foreign exchange rates bulletin. The US Dollar is valued at 277.5572 PKR, the British Pound at 376.1455 PKR, the Euro at 321.9108 PKR, and the Japanese Yen at 1.7432 PKR. These rates are crucial for businesses and individuals engaged in international transactions. Accurate exchange rates are essential for determining import and export costs, impacting Pakistan’s trade balance and economic stability. Exchange rates influence inflation, purchasing power, and international competitiveness. 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: August 21, 2026  |  Source: Press Release from State Bank of Pakistan (SBP) This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

Pakistan

President Zardari Calls for Support System for Terrorism Victims

ISLAMABAD — President Asif Ali Zardari emphasized the need for a structured and survivor-focused support system for victims of terrorism, underscoring the importance of providing assistance as a matter of justice and national duty. This statement was made during a recent address aimed at highlighting the plight of those affected by terrorism across Pakistan. What Happened In a recent address, President Asif Ali Zardari called for the establishment of a comprehensive support system for victims of terrorism in Pakistan. He stressed that the assistance provided to these individuals and their families should be viewed as an obligation rooted in justice and human dignity, rather than as an act of charity. The President highlighted the need for a coordinated approach that ensures sustained support for those affected by terrorism, which has been a persistent issue in the country. President Zardari’s remarks come at a time when Pakistan continues to grapple with the aftermath of numerous terrorist attacks that have left thousands of families in distress. He stated, “The support for victims of terrorism is not merely a charitable act but a national responsibility that reflects our commitment to justice and human dignity.” The President urged government agencies, non-governmental organizations, and international partners to collaborate in creating a robust framework that addresses the immediate and long-term needs of terrorism survivors. Background Pakistan has been one of the countries most affected by terrorism over the past two decades. The country has witnessed numerous attacks targeting civilians, security forces, and infrastructure, resulting in significant loss of life and property. The government has implemented various measures to combat terrorism, including military operations and legal reforms. However, the focus on providing comprehensive support to victims has often been overshadowed by security concerns. Historically, support for terrorism victims in Pakistan has been inconsistent, with many families struggling to access financial assistance, healthcare, and psychological support. The absence of a centralized system has led to fragmented efforts, often leaving survivors to fend for themselves. President Zardari’s call for a survivor-centred approach aims to address these gaps by fostering a more organized and empathetic response to the needs of affected individuals and communities. Why It Matters The President’s call for a coordinated support system is significant for several reasons. Firstly, it acknowledges the ongoing challenges faced by terrorism victims and recognizes their right to receive adequate support. By framing assistance as a matter of justice and dignity, the President is advocating for a shift in perspective that prioritizes the well-being of survivors. Economically, a structured support system could alleviate the financial burdens faced by affected families, enabling them to rebuild their lives and contribute to society. Socially, it could foster a sense of community and resilience, as survivors receive the necessary resources to heal and integrate back into society. Politically, this initiative could enhance Pakistan’s international standing by demonstrating a commitment to human rights and social justice. Furthermore, the establishment of a survivor-focused support system could serve as a model for other countries facing similar challenges. By prioritizing the needs of victims, Pakistan could set a precedent for how nations address the aftermath of terrorism, emphasizing the importance of empathy and responsibility in the recovery process. Key Takeaways President Zardari calls for a coordinated, survivor-centred support system for terrorism victims. Assistance to victims is framed as a matter of justice, dignity, and national responsibility. Pakistan has faced significant challenges in providing consistent support to terrorism survivors. A structured support system could have economic, social, and political benefits for the country. This initiative could serve as a model for other nations dealing with terrorism’s aftermath. Source Attribution This article is based on official government statements 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: August 21, 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.

Pakistan

Gold Price Per Tola Rises by Rs 13,700 in Pakistan

ISLAMABAD — The price of gold in Pakistan has seen a substantial increase, with the cost per tola rising by Rs 13,700 in the local exchange markets. This surge, recorded on Thursday, reflects significant fluctuations in the precious metals market, impacting both gold and silver prices across the country. What Happened The local bullion markets in Pakistan have reported a historic rise in the prices of gold and silver. The price of one tola of gold has surged by Rs 13,700, marking a significant increase that has caught the attention of investors and market analysts alike. Similarly, the price of silver has also experienced an upward trend, rising by Rs 369 per tola. Market experts attribute this sharp increase to a combination of factors, including international market trends, currency fluctuations, and domestic demand dynamics. The gold market is particularly sensitive to global economic indicators, and recent geopolitical tensions have contributed to the volatility in prices. According to a local bullion dealer, “The increase in gold prices is largely driven by international market conditions and the depreciation of the Pakistani rupee against the US dollar.” This sentiment is echoed by other market participants who note that gold prices are often influenced by external economic factors beyond local control. Background Historically, gold has been a preferred investment in Pakistan, often seen as a safe haven during times of economic uncertainty. The country’s gold market is heavily influenced by global trends, with prices fluctuating in response to international events and currency exchange rates. In recent years, the Pakistani rupee has experienced depreciation against major currencies, further impacting the cost of imported goods, including gold. Additionally, geopolitical tensions and economic policies have played a role in shaping the market dynamics for precious metals. The local demand for gold, driven by cultural and economic factors, also contributes to price changes. Gold is traditionally used in weddings and other cultural ceremonies, maintaining a steady demand even during periods of price volatility. Why It Matters The significant rise in gold prices has several implications for the Pakistani economy and its citizens. For investors, the increase represents both an opportunity and a challenge. While higher prices can lead to increased returns for those holding gold, they also pose a barrier to new investors looking to enter the market. For the average consumer, the rise in gold prices may affect purchasing power, particularly for those planning weddings or other events where gold is traditionally exchanged. This could lead to adjustments in consumer behavior, with some opting for alternative investments or reducing the quantity of gold purchased. On a broader scale, the increase in gold prices can impact inflation rates, as higher costs for precious metals can contribute to overall price increases in the economy. This, in turn, may influence monetary policy decisions by the State Bank of Pakistan, as it seeks to balance inflation control with economic growth. Internationally, the rise in gold prices highlights the interconnectedness of global markets and the impact of geopolitical events on local economies. As Pakistan navigates these challenges, the government and financial institutions may need to implement measures to stabilize the currency and manage inflationary pressures. Key Takeaways The price of gold per tola in Pakistan has increased by Rs 13,700. Silver prices have also risen, with an increase of Rs 369 per tola. International market trends and currency fluctuations are key factors driving the price surge. The rise in prices impacts both investors and consumers, influencing purchasing decisions and economic behavior. Monetary policy adjustments may be necessary to address inflationary pressures resulting from increased gold prices. 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: August 21, 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.

Pakistan

Pakistan Intensifies Efforts to Address Malnutrition and Nutrient Deficiencies

ISLAMABAD — Pakistan has launched an intensified national initiative to tackle malnutrition and micronutrient deficiencies, as announced by Federal Minister for National Food Security and Research Rana Tanveer Hussain on Thursday. The government aims to enhance nutrition outcomes through coordinated efforts between federal and provincial authorities. What Happened In a recent statement, Federal Minister Rana Tanveer Hussain highlighted the critical need for a unified approach to combat malnutrition and nutrient deficiencies across Pakistan. He stressed that improving the nutritional status of the population requires a concerted effort involving both federal and provincial governments. The minister’s remarks underscore the government’s commitment to addressing these pressing health issues that affect millions of Pakistanis. The initiative aims to implement comprehensive strategies to improve dietary intake and address the root causes of malnutrition. This includes increasing access to nutritious food, enhancing public awareness about healthy eating habits, and ensuring the availability of essential vitamins and minerals. The government plans to collaborate with international organizations, non-governmental organizations, and the private sector to amplify the impact of these efforts. Minister Hussain stated, “It is imperative that we work together to ensure that every citizen has access to the nutrients they need for a healthy life. This requires strong coordination and commitment from all levels of government.” The initiative will also focus on vulnerable populations, including children and women, who are disproportionately affected by malnutrition. Background Malnutrition has been a persistent issue in Pakistan, with significant implications for public health and economic development. According to the Global Nutrition Report, Pakistan ranks among the countries with the highest rates of malnutrition, affecting nearly 40% of children under five years of age. The prevalence of stunting, wasting, and micronutrient deficiencies such as iron and vitamin A is alarmingly high. Previous efforts to address malnutrition in Pakistan have included various government programs and international aid initiatives. However, challenges such as inadequate funding, lack of infrastructure, and insufficient coordination among stakeholders have hindered progress. The current initiative seeks to overcome these barriers by fostering greater collaboration and resource allocation. Why It Matters The intensified focus on combating malnutrition and nutrient deficiencies is crucial for Pakistan’s future. Malnutrition not only affects individual health but also has broader social and economic implications. Children who suffer from malnutrition are at risk of impaired cognitive development, reduced educational attainment, and lower productivity in adulthood. This, in turn, affects the country’s human capital and economic growth potential. By addressing malnutrition, Pakistan can improve health outcomes, reduce healthcare costs, and enhance the quality of life for its citizens. Moreover, tackling nutrient deficiencies can prevent a range of health issues, including anemia, weakened immune systems, and increased susceptibility to infections. The initiative also aligns with Pakistan’s commitment to achieving the United Nations Sustainable Development Goals, particularly Goal 2, which aims to end hunger and improve nutrition by 2030. Internationally, Pakistan’s efforts to combat malnutrition can serve as a model for other developing countries facing similar challenges. By demonstrating effective strategies and fostering partnerships, Pakistan can contribute to global efforts to eradicate malnutrition and promote health and well-being. Key Takeaways Pakistan has launched a national initiative to combat malnutrition and nutrient deficiencies, emphasizing coordination between federal and provincial governments. The initiative aims to improve dietary intake, increase access to nutritious food, and focus on vulnerable populations such as children and women. Malnutrition affects nearly 40% of children under five in Pakistan, with significant implications for public health and economic development. Addressing malnutrition can improve health outcomes, reduce healthcare costs, and enhance the country’s human capital. The initiative aligns with Pakistan’s commitment to the United Nations Sustainable Development Goals, particularly Goal 2. 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: August 21, 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.

Scroll to Top