Author name: Yasir Zubairi

Yasir Zubairi is the founder and publisher of NEN Agency (News Era Network). He leads NEN's coverage of Pakistan's national affairs, economy, foreign relations and sports, and is responsible for the accuracy and standards of every story published on nenagency.com.

MedHealth Expo 2026 Set to Launch in Islamabad
Pakistan

MedHealth Expo 2026 Set to Launch in Islamabad

ISLAMABAD — The MedHealth Expo 2026, organized by the Rawalpindi Chamber of Commerce and Industry (RCCI), is set to begin on June 17 in Islamabad. This significant two-day event seeks to gather key figures from the healthcare sector, providing an essential platform for discussions and networking. Healthcare Leaders Unite The expo primarily aims to bring together healthcare professionals, industry leaders, and policymakers. Participants will engage in meaningful dialogues and explore the latest advancements in the sector. This collaborative environment is anticipated to foster substantial knowledge sharing among attendees. Showcasing Healthcare Innovation The RCCI emphasizes the expo’s crucial role in presenting innovative healthcare solutions. It will also address current industry challenges, offering participants the chance to explore a wide variety of exhibits. Improving Healthcare Delivery Attendees can join specialized sessions designed to enhance healthcare delivery in the region. These sessions aim to provide actionable insights and strategies to improve practices and outcomes across the healthcare spectrum.

Rana Mashhood Appointed to Daanish Schools Authority
Pakistan

Rana Mashhood Appointed to Daanish Schools Authority

ISLAMABAD — Prime Minister Shehbaz Sharif has approved the appointment of Rana Mashhood Ahmed Khan as a co-opted member of the Daanish Schools Authority. This decision was officially announced by the Ministry of Federal Education and Professional Training. Rana Mashhood’s Responsibilities Rana Mashhood, who also serves as the chairman of the Prime Minister’s Youth Programme, is expected to bring his expertise to the Daanish Schools Authority. His role involves enhancing the schools’ effectiveness, which is crucial for providing quality education to underprivileged children throughout Pakistan. Objectives of Daanish Schools The Daanish Schools Authority is focused on maintaining high educational standards and improving accessibility. These schools aim to offer enhanced learning opportunities to marginalized communities, ensuring that every child has access to quality education. Anticipated Impact of the Appointment Rana Mashhood’s involvement is anticipated to attract more attention and resources to the Daanish Schools initiative. This appointment highlights the government’s commitment to advancing education for Pakistan’s underprivileged youth.

NBP Releases Currency Exchange Rates
Business

NBP Releases Currency Exchange Rates

The National Bank of Pakistan (NBP) has released the latest currency exchange rates for significant currencies on Tuesday. These rates apply to both buying and selling in the financial market. US Dollar Exchange Rate The US dollar exchange rate is pivotal for the economy, with a selling rate of 280.09 rupees and a buying rate of 277.09 rupees. British Pound and Euro Rates For corporate investments, the exchange rates of the British pound and euro hold significance. The British pound sells at 375.34 rupees, while the buying rate is 370.92 rupees. The euro stands at a selling rate of 324.44 rupees and a buying rate of 320.62 rupees. Asian and Middle Eastern Currencies Japanese Yen The Japanese yen plays an important role in trade, with a selling rate of 1.7481 rupees and a buying rate of 1.7276 rupees. United Arab Emirates Dirham The UAE dirham, influencing trade and investment, has a selling rate of 74.64 rupees and a buying rate of 73.76 rupees. Saudi Riyal The Saudi riyal, crucial in Middle Eastern markets, is sold at 76.27 rupees with a buying rate of 75.37 rupees.

IRSA Releases 257,700 Cusecs of Water Across River Stations
Pakistan

IRSA Releases 257,700 Cusecs of Water Across River Stations

ISLAMABAD — The Indus River System Authority (IRSA) has released a significant volume of water, totaling 257,700 cusecs, from various rim stations. The current water inflow stands at 234,900 cusecs under these water management operations. Water Levels at Major Dams According to IRSA, the water level at Tarbela Dam on the Indus River has climbed to 1,446.03 feet, exceeding its dead level of 1,402.00 feet by 46.03 feet. Recorded water inflow at Tarbela was 128,500 cusecs, with an outflow of 146,200 cusecs. The Jhelum River at Mangla Dam shows a water level of 1,172.25 feet, surpassing its dead level of 1,050 feet by 122.25 feet. The inflow at Mangla was 30,100 cusecs, paired with an outflow of 35,000 cusecs. Water Distribution Across Stations Water distribution from various stations is as follows: Kalabagh: 203,300 cusecs Taunsa: 158,100 cusecs Guddu: 109,200 cusecs Sukkur: 35,200 cusecs Additionally, the River Kabul at Nowshera saw a release of 49,100 cusecs, and the River Chenab at Marala, 7,000 cusecs.

Fading Art of Larkana’s Traditional Fiddlers in Focus
Pakistan

Fading Art of Larkana’s Traditional Fiddlers in Focus

The surando, a traditional bowed fiddle, plays an essential role in Sindhi folk music. Its melodies echo through Larkana’s lively streets and the serene courtyards of Kamber-Shahdadkot shrines. This ancient instrument holds significant cultural value but faces challenges in today’s fast-paced world. Historical Significance of the Surando For generations, the surando has been central to the region’s music. Its haunting tones reflect Sindh’s rich heritage, acting as a vital link to the past while conserving the area’s unique sounds and musical traditions. Challenges Facing Surando Preservation Modern musical influences and evolving lifestyles contribute to the decline of surando practitioners. This trend threatens the preservation of this cultural tradition, raising concerns about its future. Efforts to Preserve Cultural Traditions Sparking interest in younger generations Maintaining the distinct sound of the surando Leveraging local musicians and cultural organizations Revival Efforts of Local Musicians Local musicians and cultural organizations play a critical role in preservation efforts. Their dedication ensures that the melodious tones of the surando continue for future generations. Despite the challenges, this emblem of Sindhi culture remains cherished by many.

200 Mbps Internet Launched at University of Buner
Pakistan

200 Mbps Internet Launched at University of Buner

The University of Buner (UoB) has introduced a 200 Mbps high-speed internet service. This service was inaugurated by Syed Fakhar Jehan, Minister for Excise, Taxation, and Narcotics Control of Khyber Pakhtunkhwa. The launch ceremony occurred on Monday, with Vice Chancellor Prof. Dr. Jamshed Ali Khan, joined by the administrative and academic teams of the university. Advancing Educational Infrastructure This high-speed internet service is a significant step towards enhancing the educational infrastructure at UoB. It aims to give students and faculty better access to digital resources and online learning platforms. The initiative highlights a commitment to advancing academic capabilities through modern technology, supporting the university’s aim to provide a cutting-edge learning environment. Boosting Research and Learning The improved connectivity is set to support research and learning activities significantly. It aligns with the government’s goal to boost digital connectivity in educational institutions across the region. This project will empower students and faculty with essential tools needed to succeed in today’s digital age, fostering an environment conducive to academic growth and innovation.

Punjab Revenue Authority Seals 14 Businesses, Recovers Millions
Business

Punjab Revenue Authority Seals 14 Businesses, Recovers Millions

LAHORE — The Punjab Revenue Authority (PRA) has intensified efforts to tackle tax evasion and non-compliance. The authority has sealed 14 business premises and collected millions of rupees in unpaid taxes. These measures are part of a province-wide enforcement initiative. Targeted Business Operations Enforcement teams have targeted businesses accused of record tampering and tax non-payment. The operation focused on: Five outlets of a prominent food chain in the Lahore Division Ten property developers’ offices in the Rawalpindi Division PRA Chairman Moazzam Iqbal Sipra noted that several other taxpayers have received warning notices for tax law violations. Penalties and Consequences Chairman Sipra warned that businesses filing fraudulent tax returns or failing to submit returns will incur significant penalties. Persistent violators risk having their bank accounts frozen to recover outstanding dues and taxes. Enforcement Campaign in Punjab The chairman highlighted a special enforcement campaign across Punjab with an emphasis on immediate tax collection. Notices are being issued to businesses and individuals involved in tax evasion. The PRA is committed to enforcing stringent measures against those evading legal tax obligations.

SBP Keeps Policy Rate Steady at 11.5% Amid Inflation Concerns
Business

SBP Keeps Policy Rate Steady at 11.5% Amid Inflation Concerns

KARACHI — The State Bank of Pakistan (SBP) has decided to maintain the policy rate at 11.5%. This decision by the Monetary Policy Committee (MPC) is aimed at managing inflationary pressures effectively in the current economic climate. Inflation and Economic Indicators The MPC has observed a rise in headline inflation amid economic uncertainties influenced by ongoing Middle East conflicts. Although global oil prices have slightly eased due to positive geopolitical developments, they remain above pre-conflict levels. Significant increases in inflation were noted, particularly in April and May, with core inflation also climbing. The committee observed signs of moderation in economic activities. Monetary Policy Assessment The MPC believes that keeping the current policy rate will steer inflation toward its medium-term target range of 5% to 7%. Although external account pressures remain stable and the macroeconomic outlook is unchanged, global developments and central banks’ rising policy rates underline the committee’s cautious approach. Future Economic Projections The committee emphasized the need for proactive macroeconomic management and structural reforms to bolster economic resilience and growth. It projects a real GDP growth of 3.7% for the fiscal year 2026, with an expected primary balance surplus of 2.5% of GDP. Additionally, the committee noted improvements in consumer and business confidence, along with an increase in SBP’s foreign exchange reserves to $17.2 billion.

Faisalabad Development Authority Plans Plot Auction for June 22
Pakistan

Faisalabad Development Authority Plans Plot Auction for June 22

FAISALABAD — The Faisalabad Development Authority (FDA) is set to conduct an auction of commercial and residential plots on June 22, 2026, at 11 a.m. The auction will take place at the FDA Head Office, located opposite Civil Hospital. Plot Auction Meeting FDA Director General Muhammad Asif Chaudhry presided over a meeting to discuss the details of plots selected for auction. During the meeting, Junaid Hassan Manj, Director of Estate Management-I, provided an overview of the available plots in Ahmad Nagar, Millat Town, Madina Town, and Allama Iqbal Colony. These are intended for education, healthcare, and public utilities across 126 private housing schemes. Rental Opportunities at Gulistan Plaza The discussion also covered the auction of rental spaces at Gulistan Plaza. Here, 19 shops and larger halls will be available for rent, offering businesses prime space in a central location. Leasing Options for Madina Town Plot In Madina Town, near the Hockey Stadium, an FDA-owned plot measuring 9.43 kanals is set to be leased. This plot can be leased as a whole or divided into three parts, based on interest. The terms and conditions of the auction have been finalized and will be promoted across the city through various channels to ensure maximum public involvement. The FDA aims to boost public engagement and increase awareness about the auction, as directed by the Director General.

RCCI Calls for Single-Digit Policy Rate by SBP
Business

RCCI Calls for Single-Digit Policy Rate by SBP

RAWALPINDI — The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the State Bank of Pakistan (SBP) to adopt a single-digit policy rate. This move aims to boost economic growth and ease business pressures. Monetary Policy Concerns On Monday, RCCI President Usman Shaukat addressed the Monetary Policy Committee’s decision to retain the policy rate at 11.5 percent. He pointed out an opportunity for rate easing. A major worry is the rising inflation rate, which increased from 7.3 percent in March to 11.7 percent in May, primarily due to imported energy costs rather than domestic demand. Influences from Global Economy Shaukat identified global economic factors that might help stabilize inflation shortly. These include a potential truce between the US and Iran and a notable 20 percent drop in oil prices from their 2026 peak. Effect on Business Sector The RCCI president stressed that high financing costs adversely affect small and medium enterprises, manufacturers, and exporters. He called on the central bank to reverse recent tightening measures. Setting a clear pathway to single-digit interest rates is essential to stimulate investment, employment, and exports.

Scroll to Top