Business

ISLAMABAD — The Pakistani rupee gained 1 paisa against the US dollar, closing at Rs278.25 in interbank trading on Friday. This slight increase contrasts with the previous day’s rate of Rs278.26. Forex Market Dynamics The Forex Association of Pakistan recorded the buying and selling rates for the dollar in the open market. However, specific figures were not provided in their report. Ongoing Currency Fluctuations This minor appreciation of the rupee occurs amid ongoing fluctuations in the currency market. These changes are indicative of subtle adjustments within the broader financial landscape.

ISLAMABAD — On Friday, Khurram Schehzad, Adviser to the Federal Minister for Finance, announced the government has unveiled a growth-oriented federal budget for the upcoming fiscal year. This budget aims to balance relief measures with economic growth while maintaining fiscal responsibility. Fiscal Policy Transition Schehzad highlighted a significant shift in fiscal policy, transitioning from a burdening approach to a broadening one. This strategy aims to widen the economic base, demonstrating the government’s commitment to economic stability and addressing diverse sectoral needs. Relief Measures and Economic Stimulus The adviser emphasized that the budget includes substantial relief measures aimed at supporting citizens. These initiatives are crucial for stimulating economic activity and effectively invigorating the national economy.

RAWALPINDI — The Rawalpindi Waste Management Company (RWMC) has launched an extensive cleanliness plan for Muharram-ul-Haram. The initiative is designed to ensure the city’s cleanliness and hygiene as per the directives of Chief Executive Officer Rana Sajid Safdar. Focus on Muharram Processions Strategically deployed operational staff will conduct regular inspections. They will focus on the routes of Muharram processions, Imambargahs, and other key locations. The aim is to keep these areas free from waste and ensure hygiene throughout the religious observance. Commitment to Environmental Cleanliness RWMC’s plan highlights a strong commitment to public health and environmental cleanliness. Maintaining cleanliness is vital, especially during major religious events that attract large crowds to Rawalpindi.

PESHAWAR — The Khyber Pakhtunkhwa government plans to significantly increase its budget for the procurement of medicines in public health facilities. Details of the Budget Increase For the fiscal year 2026–27, the budget allocation for medicine procurement will increase by 20.2%, totaling PKR 14.3 billion. This is an increase from the previous year’s allocation of PKR 11.9 billion, as revealed in budget documents released on Friday. Enhancing Medical Supplies The higher budget is aimed at improving the availability of medical resources throughout the province’s healthcare system. This initiative underscores the government’s commitment to strengthening health services. A Broader Healthcare Strategy This decision falls under a comprehensive strategy to expand healthcare infrastructure in the province. It supports public health initiatives and addresses the increasing medical needs of Khyber Pakhtunkhwa’s citizens.

ABBOTTABAD — The Khyber Pakhtunkhwa government has announced a Rs 2.170 trillion budget for the fiscal year 2026-27. This budget allocates substantial funds to key areas such as development, education, healthcare, social welfare, and law and order. However, the stakeholders in the Hazara Division have shown mixed reactions, particularly emphasizing concerns about regional development. Reactions from Hazara Division While the budget plans to foster growth throughout the province, many residents and officials in Hazara feel that their region’s needs are overlooked. They have expressed dissatisfaction due to a perceived imbalance in the distribution of funds. They worry that this imbalance may inadequately support local infrastructure and welfare projects. Government’s Commitment to Development The government representatives assert that the budget aims to promote equitable development across Khyber Pakhtunkhwa. They have recognized the feedback from Hazara and promised to consider these regional demands in future planning. This mixed reaction highlights the ongoing challenge of balancing provincial and regional development objectives.

PESHAWAR — The Khyber Pakhtunkhwa government has pledged Rs8.4 billion for the Education Sector Endowment Fund (ESEF) and the Free Textbooks Programme for the fiscal year 2026-27. This substantial allocation demonstrates the province’s dedication to providing accessible and equitable education. Highlights of the 2026-27 Budget The funding was announced as part of the 2026-27 budget, reflecting the government’s focus on educational initiatives. The budget aims to remove barriers to quality education for students throughout the region. Significant Educational Initiatives The ESEF and the Free Textbooks Programme play a pivotal role in this initiative. These programs are essential for delivering free educational materials and offering financial assistance to students who need it most. Expected Impact on Education Officials are optimistic about the positive impact of these investments on educational outcomes. The provision of complimentary educational resources and financial grants is expected to benefit a larger number of students, enhancing their educational experience.

KARACHI — Port Qasim is witnessing a significant surge in shipping activity. At present, container vessels Albert-P and Nile Dutch Lion are docked at Container Terminals 1 and 2. Additionally, the ships Aquavita Trust and Dayra Anita, carrying 101,759 tonnes of coal, arrived at the outer anchorage within the last 42 hours. Recent Departures and Arrivals Over the past 24 hours, nine ships have been active at the Port Qasim Authority (PQA) berths. On Friday morning, Nile Dutch Lion and Kouros Diamond set sail. Meanwhile, Rhine, Metro Mistral, and Meghna Venus are scheduled to depart by the afternoon. Cargo Volume and Shipments Port Qasim handled a cargo volume of 197,148 tonnes in the past 24 hours. This includes 170,819 tonnes of imported goods and 26,329 tonnes of export cargo. Containerized cargo comprised 5,966 containers, with 5,172 TEUs for imports and 1,815 TEUs for exports. Upcoming Shipping Activity Currently, 11 ships are stationed at the port’s outer anchorage. On Friday, Obe Grande, Aquavita Trust, and MSC Tia V are scheduled to berth at Pakistan International Bulk Terminal, Hutchison Ports Qasim, and Qasim International Container Terminal, respectively. Furthermore, two container ships, MSC Maxico V and Safeen Power, are expected to arrive at Port Qasim on Saturday.

KARACHI — The National Bank of Pakistan (NBP) has unveiled the latest currency exchange rates for Friday. These updates are pivotal for traders and consumers dealing in international currencies. Major International Currencies United States Dollar (USD): The selling rate stands at 280.04 PKR, while the buying rate is 277.04 PKR. British Pound (GBP): Recorded at a selling rate of 369.26 PKR and a buying rate of 364.90 PKR. Euro (EUR): Trades with a selling rate of 320.42 PKR and a buying rate of 316.64 PKR. Asian Currencies In the Asian market, the Japanese Yen (JPY) shows a selling rate of 1.7355 PKR and a buying rate of 1.7151 PKR. Gulf Region Currencies United Arab Emirates Dirham (AED): Exhibits a selling rate of 74.61 PKR and a buying rate of 73.74 PKR. Saudi Riyal (SAR): Available at a selling rate of 76.26 PKR and a buying rate of 75.36 PKR.

ISLAMABAD — On Friday, gold prices in Pakistan saw a significant drop. The price of 24 karat gold decreased by Rs14,900 per tola, reaching a new rate of Rs438,036, according to the All Pakistan Sarafa Gems and Jewellers Association. Market Influences The dip in gold prices is due to fluctuations in both local and international markets. These changes are influencing the purchasing decisions of both consumers and investors. The volatile market conditions are closely monitored by analysts for potential future impacts. Impact on Investments Market analysts suggest that the fall in gold prices could notably alter gold sales and investment patterns across Pakistan. Financial experts are observing this shift as it reflects broader economic trends. The adjustment is indicative of changing dynamics within the economy, prompting strategic reassessment by investors.

ISLAMABAD — The Pakistan Bureau of Statistics (PBS) has reported a 0.46 percent increase in weekly inflation for the period ending June 18, 2026. This rise is derived from the Sensitive Price Indicator (SPI) for the combined consumption group, affecting the overall economic conditions. Rising SPI Points The Sensitive Price Indicator shifted from 356.11 points to 357.76 points during the week under review. This indicator is crucial for assessing financial pressure on households, especially when purchasing necessary goods. Economic Challenges for Consumers According to data from PBS, consumers continue to experience challenges due to the fluctuating economic conditions in Pakistan. The recent rise in inflation underscores the financial constraints that households face in the current market environment.