Pakistan

LAHORE — The Punjab government has introduced an Artificial Intelligence (AI) Curriculum and Training Initiative aimed at preparing students for future technological advancements. Adviser to Chief Minister Punjab on AI and Special Initiatives, Ali Dar, announced that the program will train over 160,000 teachers and equip students with essential skills for the digital economy. What Happened The AI Curriculum and Training Initiative was officially launched at a ceremony in Lahore, where Adviser Ali Dar emphasized the importance of integrating AI education into the school system. The initiative is designed to provide both teachers and students with the necessary tools to navigate and succeed in a rapidly evolving technological landscape. Dar stated, “This initiative will ensure that our education system is aligned with the demands of the future job market and the digital economy.” The program aims to cover a wide range of AI-related topics, including machine learning, data science, and robotics. The curriculum will be implemented across various educational institutions in Punjab, with a focus on fostering critical thinking and problem-solving skills among students. The training for teachers is expected to commence in the coming months, with the goal of creating a robust educational framework that supports AI learning from an early age. Background Punjab’s decision to introduce an AI curriculum is part of a broader effort to modernize the province’s educational system and align it with global technological trends. The initiative follows similar efforts in other regions of the world where AI education is becoming increasingly prioritized. In recent years, Pakistan has recognized the potential of AI and digital technologies in driving economic growth and improving various sectors, including education, healthcare, and agriculture. The government’s focus on AI is also in response to the growing demand for technology-driven skills in the job market. As industries continue to adopt AI and automation, there is a pressing need for a workforce that is proficient in these technologies. By implementing an AI curriculum, Punjab aims to bridge the skills gap and ensure that its students are well-prepared for future challenges. Why It Matters The introduction of an AI curriculum in Punjab’s educational institutions is a significant step towards fostering a technologically adept workforce in Pakistan. As the global economy becomes increasingly reliant on digital technologies, the demand for AI skills is expected to rise. This initiative not only prepares students for future job opportunities but also positions Punjab as a leader in AI education within the country. Economically, the program has the potential to boost the province’s competitiveness by creating a pool of skilled professionals who can contribute to various sectors, including IT, manufacturing, and services. Socially, it empowers students with the knowledge and skills needed to participate in the digital economy, thereby enhancing their career prospects and overall quality of life. Politically, the initiative reflects the government’s commitment to investing in education and technology as key drivers of development. It also aligns with national efforts to promote innovation and digital transformation across Pakistan. By prioritizing AI education, Punjab is setting a precedent for other provinces to follow, potentially leading to a nationwide emphasis on technology-driven learning. Key Takeaways Punjab has launched an AI Curriculum and Training Initiative to prepare students for future technologies. The program will train over 160,000 teachers and equip students with skills for the digital economy. The initiative aims to cover AI-related topics such as machine learning, data science, and robotics. This effort aligns with global trends and addresses the growing demand for AI skills in the job market. The initiative positions Punjab as a leader in AI education within 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: September 26, 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 — Punjab Chief Minister Maryam Nawaz Sharif conducted a comprehensive review of the Maryam Nawaz Hospitals’ performance on Saturday. These hospitals, transformed from rural health centers across the province, have provided medical treatment to over 7.824 million patients. The review meeting was chaired by the Chief Minister and included a briefing by Secretary Health Nadia Saqib on the performance of the outsourced rural health facilities. What Happened The meeting held in Lahore was a detailed evaluation of the healthcare services offered by the Maryam Nawaz Hospitals. Chief Minister Maryam Nawaz Sharif emphasized the importance of maintaining high standards of medical care and ensuring accessibility for all citizens. Secretary Health Nadia Saqib presented a report highlighting the hospitals’ achievements and areas needing improvement. The transformation of rural health centers into fully equipped hospitals has been a significant initiative aimed at enhancing healthcare delivery in underserved areas. According to the briefing, the hospitals have treated over 7.824 million patients, indicating a substantial impact on healthcare accessibility in rural regions. The Chief Minister expressed satisfaction with the progress but stressed the need for continuous improvement in service delivery. “Our goal is to ensure that every citizen has access to quality healthcare services, regardless of their location,” she stated. The meeting also discussed future plans to further improve infrastructure and medical facilities at these hospitals. The Chief Minister directed the health department to focus on training medical staff and upgrading equipment to meet modern healthcare standards. Additionally, she emphasized the importance of regular monitoring and evaluation to maintain service quality. Background The Maryam Nawaz Hospitals were established as part of a broader initiative to transform rural health centers into comprehensive medical facilities. This project aims to address the healthcare disparities between urban and rural areas in Punjab. Historically, rural regions have faced significant challenges in accessing quality healthcare, often due to inadequate infrastructure and a shortage of medical professionals. The initiative to upgrade rural health centers was launched with the objective of providing equitable healthcare services across the province. By outsourcing management and operations to private entities, the government seeks to enhance efficiency and service quality. This model has been implemented in several regions, with varying degrees of success, and is part of a larger strategy to improve public health outcomes in Pakistan. Why It Matters The review of the Maryam Nawaz Hospitals’ performance is crucial for several reasons. Firstly, it highlights the government’s commitment to improving healthcare access in rural areas, which historically have been underserved. By transforming rural health centers into fully functional hospitals, the initiative addresses a critical gap in healthcare delivery. Economically, the improved healthcare infrastructure can lead to better health outcomes, reducing the burden of disease and increasing productivity among the rural population. Socially, it empowers communities by providing essential services that enhance quality of life and reduce healthcare-related financial burdens. Politically, the initiative reflects the government’s prioritization of healthcare as a key area of development. It aligns with broader national goals of improving public health and achieving sustainable development. Internationally, such initiatives can enhance Pakistan’s reputation as a country committed to advancing its healthcare system, potentially attracting foreign investment and expertise in the health sector. Key Takeaways Punjab CM Maryam Nawaz Sharif reviewed the performance of Maryam Nawaz Hospitals. Over 7.824 million patients have been treated at these hospitals. The initiative aims to transform rural health centers into comprehensive medical facilities. Future plans include improving infrastructure and training medical staff. The initiative addresses healthcare disparities between urban and rural areas. 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: September 26, 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 Pakistan Stock Exchange (PSX) experienced a bullish trend on Friday, with the benchmark KSE-100 Index rising by 266.28 points, marking a 0.16 percent increase. The index closed at 170,765.22 points, compared to the previous session’s close of 170,498.95 points. What Happened On Friday, the PSX saw a positive shift as the KSE-100 Index gained 266.28 points. This increase reflects a 0.16 percent rise, bringing the index to 170,765.22 points. The market’s upward movement was driven by improved investor sentiment, which was bolstered by positive economic indicators and a stable political environment. Market participants responded positively to these factors, leading to increased buying activity across various sectors. According to market analysts, the bullish trend was primarily supported by gains in sectors such as banking, oil and gas, and cement. The banking sector, in particular, saw significant interest from investors, contributing to the overall rise in the index. Additionally, the oil and gas sector benefitted from stable international oil prices, which provided further impetus for the market’s upward trajectory. One market analyst noted, “The recent stability in the political landscape has contributed to a more favorable investment climate, encouraging investors to take positions in key sectors.” The analyst further highlighted that the ongoing reforms in the economic sector have also played a role in boosting investor confidence. Background The Pakistan Stock Exchange has been experiencing fluctuations in recent months due to various economic and political factors. Historically, the PSX is sensitive to changes in the country’s economic policies, political stability, and global economic trends. In recent years, the government has implemented several economic reforms aimed at stabilizing the economy and attracting foreign investment. These measures have included efforts to improve the ease of doing business, reduce fiscal deficits, and enhance the regulatory framework for financial markets. Despite these efforts, the PSX has faced challenges, including volatility in the exchange rate and inflationary pressures. However, recent developments, such as the government’s commitment to maintaining macroeconomic stability and fostering a conducive business environment, have positively impacted investor sentiment. Why It Matters The recent bullish trend in the PSX is significant for several reasons. Firstly, it reflects growing investor confidence in the Pakistani market, which is crucial for attracting both domestic and foreign investment. A stable and growing stock market can lead to increased capital inflows, which are essential for economic growth and development. Secondly, the positive performance of the PSX can have a ripple effect on the broader economy. As companies listed on the exchange perform well, they are likely to invest more in their operations, leading to job creation and economic expansion. This, in turn, can contribute to higher consumer spending and improved living standards for the population. Moreover, the PSX’s performance is often seen as a barometer of the country’s economic health. A rising stock market can signal economic stability and growth, which can enhance Pakistan’s image as a viable investment destination on the international stage. This perception is vital for attracting foreign direct investment, which can bring in much-needed capital and expertise to various sectors of the economy. Key Takeaways The PSX’s KSE-100 Index gained 266.28 points, a 0.16 percent increase. Investor sentiment improved due to positive economic indicators and political stability. Key sectors contributing to the rise included banking, oil and gas, and cement. The bullish trend is crucial for attracting domestic and foreign investment. A stable stock market can lead to broader economic growth and job creation. 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: September 26, 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 State Bank of Pakistan (SBP) has injected Rs 10.83 trillion into the financial market through Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations (OMO) as of Friday. This substantial liquidity measure aims to stabilize the market and ensure adequate cash flow within the banking system. What Happened The SBP’s decision to inject Rs 10,827 billion into the market was executed via two key financial instruments: Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations. These tools are designed to manage the liquidity levels in the banking sector, ensuring that financial institutions have sufficient cash reserves to meet their obligations and continue lending activities. Reverse Repo Purchase is a process where the central bank buys securities from commercial banks with an agreement to sell them back at a later date. This temporarily increases the money supply in the banking system, providing banks with the liquidity they need to operate smoothly. The Shariah Compliant Mudarabah-based OMO, on the other hand, aligns with Islamic finance principles, offering a non-interest-based mechanism to achieve similar liquidity outcomes. The injection of funds is part of the SBP’s ongoing efforts to maintain market stability, particularly in light of recent economic challenges. By providing this level of liquidity, the SBP aims to support the banking sector’s ability to lend to businesses and individuals, thereby fostering economic activity and growth. Background The State Bank of Pakistan regularly engages in open market operations to manage liquidity in the financial system. These operations are crucial for maintaining the balance between the supply and demand for money, which in turn influences interest rates and overall economic activity. Historically, the SBP has used various monetary policy tools to address liquidity issues, especially during times of economic uncertainty or financial stress. The use of Shariah Compliant Mudarabah-based operations reflects the growing importance of Islamic finance in Pakistan’s banking sector, catering to the needs of institutions and customers who prefer Shariah-compliant financial products. In recent years, Pakistan’s economy has faced several challenges, including inflationary pressures, currency depreciation, and fiscal deficits. These factors have necessitated proactive measures by the central bank to ensure financial stability and support economic growth. Why It Matters The SBP’s injection of Rs 10.83 trillion is significant for several reasons. Economically, it provides much-needed liquidity to the banking sector, enabling banks to continue lending to businesses and consumers. This is crucial for sustaining economic activity, especially in an environment where businesses may face cash flow challenges due to external economic pressures. Socially, the availability of credit can have a positive impact on employment and consumer spending. When businesses have access to financing, they can invest in expansion, hire more employees, and increase production, which can lead to job creation and improved economic conditions for citizens. Politically, the SBP’s actions demonstrate the government’s commitment to maintaining financial stability and supporting the economy. This can enhance confidence among investors and international partners, potentially leading to increased foreign investment and economic collaboration. Internationally, the move underscores Pakistan’s efforts to align its financial practices with global standards, particularly in the realm of Islamic finance. By utilizing Shariah-compliant mechanisms, Pakistan positions itself as a leader in Islamic banking, which could attract investment from countries and institutions interested in this sector. Key Takeaways The State Bank of Pakistan injected Rs 10.83 trillion to maintain liquidity in the market. The operation utilized Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations. This measure aims to stabilize the banking sector and support economic growth. The move reflects the SBP’s commitment to financial stability amid economic challenges. Pakistan’s use of Islamic finance tools positions it as a leader in the sector internationally. 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: September 26, 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 Small and Medium Enterprises Development Authority (SMEDA) and Daraz Pakistan have announced a collaborative effort to enhance the digital capabilities of small and medium-sized enterprises (SMEs) in Pakistan. This initiative aims to expand SMEs’ access to e-commerce platforms and unlock new growth opportunities. What Happened SMEDA and Daraz Pakistan have entered into discussions to explore potential collaborations that would benefit Pakistani SMEs by integrating them into the digital economy. The initiative seeks to provide SMEs with the tools and knowledge needed to effectively engage in e-commerce, thereby broadening their market reach and increasing their competitiveness. According to a statement from SMEDA, the collaboration will focus on developing training programs and resources tailored to the needs of SMEs. These programs will cover various aspects of e-commerce, including digital marketing, online sales strategies, and customer service excellence. The goal is to equip SMEs with the skills necessary to thrive in an increasingly digital marketplace. Daraz Pakistan, a leading e-commerce platform in the country, has expressed its commitment to supporting SMEs by offering them a platform to showcase their products to a wider audience. The company plans to provide technical support and mentorship to help SMEs optimize their online presence and enhance their sales performance. In a recent meeting, officials from both SMEDA and Daraz Pakistan discussed the potential impact of this collaboration on the SME sector. They emphasized the importance of digital transformation for SMEs, particularly in the wake of the COVID-19 pandemic, which has accelerated the shift towards online commerce. Background The SME sector in Pakistan plays a crucial role in the country’s economy, contributing significantly to GDP and employment. However, many SMEs face challenges in accessing digital platforms due to a lack of resources and expertise. The government’s Vision 2025 includes a focus on digital transformation and aims to integrate more SMEs into the digital economy. In recent years, e-commerce has emerged as a vital component of economic growth in Pakistan. The sector has seen rapid expansion, driven by increased internet penetration and a growing preference for online shopping among consumers. Despite this growth, many SMEs have struggled to keep pace with technological advancements and have been unable to fully capitalize on the opportunities presented by e-commerce. Why It Matters This collaboration between SMEDA and Daraz Pakistan is significant for several reasons. Firstly, it addresses the digital divide that many SMEs face, providing them with the necessary tools and knowledge to compete in the digital marketplace. By enhancing their e-commerce capabilities, SMEs can reach a broader customer base, increase their sales, and contribute more significantly to the national economy. Economically, the initiative is poised to boost the SME sector, which is a backbone of Pakistan’s economy. By integrating more SMEs into the digital economy, the country can enhance its economic resilience and foster innovation. This is particularly important in the current global economic climate, where digital transformation is a key driver of growth. Socially, the initiative can lead to job creation and skill development, as SMEs expand their operations and require a workforce equipped with digital skills. This can contribute to reducing unemployment and improving the livelihoods of many Pakistanis. Politically, the collaboration aligns with the government’s broader strategy to promote digitalization and technological advancement. It demonstrates a commitment to supporting SMEs and fostering an environment conducive to business growth and innovation. Key Takeaways SMEDA and Daraz Pakistan are collaborating to enhance the digital capabilities of Pakistani SMEs. The initiative aims to provide training and resources to help SMEs engage in e-commerce effectively. This collaboration addresses the digital divide and aims to integrate more SMEs into the digital economy. The initiative is expected to boost economic growth, create jobs, and foster innovation in Pakistan. It aligns with the government’s Vision 2025 strategy for digital transformation. 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: September 26, 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 — Minister of State for Finance, Bilal Azhar Kiyani, announced on Friday that the Prime Minister’s Fuel Relief Scheme is now fully operational across Pakistan. The initiative aims to provide financial relief to citizens amid rising fuel costs by offering Rs500 worth of free petrol weekly to eligible motorcyclists and Rs1,000 every 10 days to owners of cars with engine capacities up to 800cc. What Happened The government has launched the Fuel Relief Scheme to mitigate the impact of escalating fuel prices on the average Pakistani citizen. According to Minister Kiyani, the scheme is designed to support low-income individuals who are most affected by the economic pressures of fuel price hikes. “The scheme is fully operational and is a testament to our commitment to providing relief to the people,” Kiyani stated. Eligible participants can register quickly through a streamlined process that ensures they receive their benefits without delay. The scheme is expected to cover a significant portion of the population, particularly those reliant on motorcycles and small cars for daily commuting. The government has emphasized that the registration process is user-friendly, requiring minimal documentation to facilitate easy access to the relief. Minister Kiyani highlighted the government’s dedication to addressing economic challenges faced by citizens, particularly in the wake of global fuel price fluctuations. He noted that the scheme is part of a broader strategy to stabilize the economy and support vulnerable groups during challenging times. Background Pakistan has been grappling with rising fuel prices, influenced by global market trends and domestic economic conditions. The government has previously implemented various measures to cushion the impact on consumers, including subsidies and price controls. However, the persistent increase in international crude oil prices has necessitated more targeted interventions. The Fuel Relief Scheme is a continuation of the government’s efforts to provide direct support to citizens. Historically, similar initiatives have been employed during periods of economic strain, reflecting a pattern of state intervention to maintain social stability and economic resilience. Why It Matters The implementation of the Fuel Relief Scheme is significant for several reasons. Economically, it provides immediate financial relief to lower-income groups who are disproportionately affected by fuel price increases. By reducing the cost burden on these individuals, the scheme helps maintain their purchasing power, which is crucial for sustaining domestic consumption and economic activity. Socially, the scheme is a response to public demands for government intervention in the face of rising living costs. It demonstrates the government’s responsiveness to citizen needs and its willingness to take concrete steps to address economic disparities. This initiative may also help alleviate public dissatisfaction and prevent potential unrest stemming from economic grievances. Politically, the scheme is likely to bolster the government’s standing among the electorate, particularly as it prepares for upcoming elections. By providing tangible benefits to a large segment of the population, the government can strengthen its support base and enhance its credibility as a responsive and people-oriented administration. Internationally, the scheme positions Pakistan as a country taking proactive measures to protect its citizens from global economic shocks. This approach may enhance the country’s image as a responsible member of the international community, committed to sustainable development and social welfare. Key Takeaways The Fuel Relief Scheme provides Rs500 weekly to motorcyclists and Rs1,000 every 10 days to small car owners. The initiative is fully operational nationwide, with a quick and easy registration process. The scheme aims to alleviate the economic burden of rising fuel prices on low-income citizens. It reflects the government’s commitment to addressing economic challenges and supporting vulnerable groups. The scheme has economic, social, and political implications for Pakistan’s domestic and international standing. 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: September 25, 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.

FAISALABAD — The Faisalabad Chamber of Commerce & Industry (FCCI) is poised to see its top office-bearers elected unopposed as the election process reaches its final stage. The FCCI Election Commission has validated the nomination papers for the positions of president, senior vice president, and vice president, ensuring an uncontested election outcome. What Happened The FCCI, a pivotal body representing the business community in Faisalabad, is on the verge of finalizing its leadership for the upcoming term. The Election Commission of the FCCI has completed the scrutiny of nomination papers submitted by candidates vying for the chamber’s top positions. According to the commission, the nomination papers for the roles of president, senior vice president, and vice president have been deemed valid, leading to an unopposed election scenario. This development signifies a consensus among the FCCI’s members, reflecting a unified approach to leadership within the organization. The unopposed election is expected to bring continuity and stability to the chamber’s operations, allowing it to focus on its strategic goals without the distractions of a contested election process. The FCCI plays a crucial role in advocating for the business community in Faisalabad, providing a platform for dialogue between the private sector and government authorities. The chamber’s leadership is instrumental in shaping policies that impact the region’s economic landscape. Background The Faisalabad Chamber of Commerce & Industry has a long-standing tradition of representing the interests of businesses in one of Pakistan’s key industrial hubs. Established to promote trade and industry, the FCCI serves as a bridge between the business community and the government, facilitating discussions on policy and regulatory matters. Historically, the FCCI’s election process has been a significant event, often involving intense competition among candidates. However, in recent years, there has been a trend towards consensus-building, with many positions being filled unopposed. This shift reflects a growing desire for stability and collaborative leadership within the chamber. Why It Matters The unopposed election of FCCI’s top office-bearers holds significant implications for the business community in Faisalabad and beyond. Firstly, it ensures a seamless transition of leadership, allowing the chamber to maintain its focus on addressing the challenges faced by businesses in the region. With the global economic landscape constantly evolving, having a stable leadership team is crucial for navigating uncertainties and capitalizing on emerging opportunities. Economically, Faisalabad is a critical industrial city in Pakistan, contributing significantly to the country’s GDP. The FCCI’s leadership plays a vital role in advocating for policies that support industrial growth and development. The unopposed election allows the chamber to continue its advocacy efforts without the disruptions that a contested election might bring. Socially, the FCCI’s leadership is expected to foster an environment of collaboration and innovation within the business community. By working together, businesses can share best practices, drive innovation, and create job opportunities, contributing to the overall socio-economic development of the region. Politically, the FCCI’s leadership can influence policy decisions at both the local and national levels. By maintaining a unified front, the chamber can effectively lobby for reforms and initiatives that benefit the business community, thereby enhancing Faisalabad’s competitiveness on the national and international stage. Key Takeaways The FCCI’s top office-bearers are set for unopposed election, ensuring continuity in leadership. The unopposed election reflects a consensus among FCCI members, promoting stability. The FCCI plays a crucial role in advocating for the business community in Faisalabad. Stable leadership is essential for navigating economic challenges and opportunities. The FCCI’s leadership can influence policy decisions at local and national levels. Source Attribution This article is based on official statements and public communications from the Faisalabad Chamber of Commerce & Industry. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 25, 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.

ISLAMABAD — The State Bank of Pakistan (SBP) has introduced the Pasban Remittance Reward Scheme, which allocates Rs16 billion annually in cash prizes to incentivize the use of formal banking channels for remittances sent to Pakistan. The initiative, launched on Friday, aims to bolster the country’s foreign exchange reserves by encouraging overseas Pakistanis to remit funds through official channels. What Happened The State Bank of Pakistan officially launched the Pasban Remittance Reward Scheme on Friday, marking a significant step towards enhancing the inflow of remittances through legal banking systems. The scheme is designed to reward Pakistani expatriates who choose to send money home using formal banking channels, with the SBP setting aside a substantial Rs16 billion for this purpose. The scheme will offer cash prizes to remittance customers, providing them with a tangible incentive to avoid informal channels, such as hundi or hawala, which have historically been popular due to their ease and lower costs. By promoting the use of formal channels, the SBP aims to increase transparency and ensure that remittances contribute effectively to the national economy. The launch event was attended by key officials from the banking sector, who expressed optimism that the scheme would not only increase remittance inflows but also strengthen the financial inclusion of overseas Pakistanis. A senior SBP official stated, “This initiative is part of our broader strategy to enhance the efficiency of remittance inflows and ensure that they are channeled through safe and secure means.” Background Remittances have long been a critical component of Pakistan’s economy, providing a vital source of foreign exchange and supporting millions of families across the country. Historically, a significant portion of these remittances has been transferred through informal channels, which, while convenient, pose challenges in terms of regulation and economic impact. The Pakistani government and the SBP have previously introduced various measures to encourage the use of formal remittance channels, including reducing transaction costs and improving the banking infrastructure. However, informal methods have persisted due to their perceived convenience and efficiency. The Pasban Remittance Reward Scheme builds on these efforts, offering a direct financial incentive to remittance senders, thereby aligning with global best practices in remittance management. Why It Matters The introduction of the Pasban Remittance Reward Scheme is significant for several reasons. Economically, remittances are a major source of foreign exchange for Pakistan, contributing to the stability of the national currency and the balance of payments. By channeling more remittances through formal systems, the SBP aims to enhance the country’s foreign exchange reserves, which are crucial for economic stability and growth. Socially, the scheme has the potential to improve financial inclusion among overseas Pakistanis. By encouraging the use of formal banking channels, the SBP not only ensures that remittances are secure and reliable but also integrates expatriates into the formal financial system, thereby expanding their access to financial services. Politically, the scheme demonstrates the government’s commitment to supporting the Pakistani diaspora, recognizing their contributions to the national economy, and addressing their needs. This move could strengthen ties with overseas communities, which are often seen as key stakeholders in Pakistan’s development. Key Takeaways The SBP launched the Pasban Remittance Reward Scheme, offering Rs16 billion in annual prizes. The scheme aims to encourage the use of formal banking channels for remittances. It seeks to enhance Pakistan’s foreign exchange reserves and promote financial inclusion. Remittances are a crucial component of Pakistan’s economy, supporting millions of families. The initiative aligns with global best practices in managing remittance inflows. Source Attribution This article is based on official government statements and public communications from the State 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: September 25, 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 — Pakistan’s squash players Muhammad Ashab Irfan and Noor Zaman have advanced to the men’s singles semifinals at the 20th Asian Games Aichi-Nagoya 2026, securing a medal for the country. Their victories on Friday at the Nagoya Kinjo Futo Arena mark a significant achievement in Pakistan’s squash campaign at the Games. What Happened On Friday, Muhammad Ashab Irfan and Noor Zaman delivered outstanding performances in their respective matches at the Nagoya Kinjo Futo Arena, ensuring Pakistan’s presence in the semifinals of the men’s singles squash event. Their victories not only highlight their individual talent but also reflect the strength of Pakistan’s squash tradition on the Asian stage. Muhammad Ashab Irfan showcased his skill and determination, overcoming his opponent in a match that tested his endurance and tactical prowess. Meanwhile, Noor Zaman demonstrated his agility and strategic gameplay, securing his place in the semifinals with a decisive win. The success of both players guarantees Pakistan at least a bronze medal, as reaching the semifinals ensures a podium finish. The semifinal matches are set to take place over the weekend, where both players will face formidable opponents. The anticipation is high as they aim to advance further and possibly secure gold for Pakistan. Background Squash has been a sport where Pakistan has historically excelled, with a legacy of producing world-class players. The country’s dominance in squash, particularly during the 1980s and 1990s, was marked by legendary figures such as Jahangir Khan and Jansher Khan. These athletes set a high standard, winning numerous international titles and establishing Pakistan as a powerhouse in the sport. The Asian Games have been a platform where Pakistani squash players have consistently performed well. The Games provide an opportunity for athletes from across Asia to compete at a high level, and for Pakistan, it is a chance to showcase its continued prowess in squash. Why It Matters The advancement of Muhammad Ashab Irfan and Noor Zaman to the semifinals is significant for several reasons. Firstly, it underscores the resurgence of Pakistan in international squash, a sport where the country has a rich history. This success at the Asian Games could inspire a new generation of players and revive interest in squash at a national level. Economically, success in sports can lead to increased sponsorship and funding opportunities, which are crucial for the development of athletes and sports infrastructure. A medal at the Asian Games can attract attention from sponsors, potentially leading to better training facilities and support for upcoming players. Socially, achievements in sports serve as a source of national pride and unity. In a country where sports like cricket dominate, success in squash can diversify the athletic achievements celebrated by the public. It also highlights the potential of sports as a tool for international diplomacy, fostering goodwill and friendly competition among nations. On an international level, strong performances by Pakistani athletes can enhance the country’s reputation in the sporting world, potentially leading to more international events being hosted in Pakistan. This can have a positive impact on tourism and international relations. Key Takeaways Muhammad Ashab Irfan and Noor Zaman have advanced to the semifinals of the men’s singles squash event at the Asian Games. Their victories ensure Pakistan will secure at least a bronze medal in the competition. Pakistan has a storied history in squash, with past successes inspiring current and future athletes. Success in squash at the Asian Games can lead to increased sponsorship and funding for the sport in Pakistan. Achievements in sports contribute to national pride and can enhance Pakistan’s international reputation. 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: September 25, 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 — FIFA President Gianni Infantino has expressed support for Syed Mohsen Gilani, the President of the Pakistan Football Federation (PFF), in his efforts to transform and develop football across Pakistan. Infantino’s endorsement focuses on enhancing youth and grassroots football development, aiming to elevate the sport’s profile and participation levels within the country. What Happened During a recent meeting, FIFA President Gianni Infantino reiterated his commitment to aiding the Pakistan Football Federation under the leadership of Syed Mohsen Gilani. Infantino acknowledged the strategic vision laid out by Gilani, which prioritizes the nurturing of young talent and the establishment of a robust grassroots framework to support the sport’s growth in Pakistan. Infantino stated, “FIFA is fully committed to supporting the PFF’s vision. We believe that investing in youth and grassroots development is crucial for the long-term success of football in Pakistan.” This endorsement comes as a significant boost for the PFF, which has been working to overcome various challenges in recent years, including administrative hurdles and limited resources. The PFF’s plan includes the establishment of youth academies, improvement of existing football infrastructure, and the organization of national and regional tournaments to provide young players with competitive opportunities. Gilani emphasized the importance of creating pathways for young athletes to progress from grassroots levels to professional leagues, ultimately representing Pakistan on international platforms. Background Football in Pakistan has faced numerous challenges over the years, including governance issues, lack of funding, and limited infrastructure. The Pakistan Football Federation has been working to address these challenges, with a focus on restructuring its operations and enhancing its capabilities to support the sport’s development. Historically, Pakistan has struggled to make a significant impact on the international football stage. However, the country has a rich history of football culture, particularly in regions like Karachi and Balochistan, where the sport enjoys widespread popularity. The PFF’s current leadership under Syed Mohsen Gilani is determined to harness this enthusiasm and translate it into tangible progress through strategic planning and international collaboration. Why It Matters The support from FIFA represents a crucial opportunity for Pakistan to revitalize its football landscape. By focusing on youth and grassroots development, the PFF aims to create a sustainable ecosystem that can produce talented players capable of competing at higher levels. This initiative is expected to have a positive impact on the country’s sports culture, encouraging more young people to participate in football and potentially leading to greater international success. Economically, the development of football infrastructure and the organization of tournaments can stimulate local economies by creating jobs and attracting investment. Socially, football can serve as a unifying force, bringing together diverse communities and fostering a sense of national pride. Politically, successful football development can enhance Pakistan’s international standing, showcasing the country’s commitment to sports and youth development. Furthermore, the collaboration with FIFA opens doors for technical expertise and funding, which are essential for implementing the PFF’s ambitious plans. This partnership can also facilitate knowledge exchange and capacity building, enabling Pakistan to adopt best practices from successful football nations. Key Takeaways FIFA President Gianni Infantino supports PFF President Syed Mohsen Gilani’s vision for football development in Pakistan. The focus is on youth and grassroots development to enhance the sport’s growth and participation. Challenges such as governance issues and limited infrastructure have historically hindered football in Pakistan. FIFA’s support can provide technical expertise and funding, crucial for implementing PFF’s plans. Successful football development can boost Pakistan’s sports culture, economy, and international standing. Source Attribution This article is based on official statements and public communications from FIFA and the Pakistan Football Federation. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 25, 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.