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KARACHI — The Exchange Rates Committee of the Financial Markets Association of Pakistan released the latest foreign exchange rates bulletin on Wednesday, September 16, 2026. The bulletin detailed the conversion rates for major foreign currencies, reflecting ongoing economic pressures and currency fluctuations in the country. What Happened The Exchange Rates Committee issued the latest figures for the conversion rates applicable for forward cover for deposits, excluding FE-25 deposits. The State Bank of Pakistan (SBP) has set the settlement value date for these rates as September 18, 2026. According to the bulletin, the conversion rate for the US dollar stands at 277.2545 Pakistani rupees. The British pound is valued at 373.5450 rupees, while the euro is pegged at 319.7576 rupees. The Japanese yen is set at 1.7882 rupees. This update comes at a time when Pakistan is grappling with significant economic challenges, including inflationary pressures and a depreciating currency. The exchange rate fluctuations are critical for businesses and investors, impacting import costs and the overall economic stability of the nation. The Financial Markets Association of Pakistan plays a crucial role in providing these updates, ensuring transparency and aiding financial planning for stakeholders. Background Pakistan’s economy has been under strain due to a combination of internal and external factors. Historically, the country has faced challenges in maintaining a stable exchange rate, often influenced by geopolitical tensions, trade imbalances, and fluctuating global oil prices. The State Bank of Pakistan has been actively involved in managing the foreign exchange reserves and implementing monetary policies to stabilize the currency. In recent years, the Pakistani rupee has experienced significant depreciation against major currencies. This trend has been exacerbated by the global economic slowdown and the impact of the COVID-19 pandemic, which disrupted trade and reduced foreign remittances. The government has been working to implement structural reforms and engage with international financial institutions to address these economic challenges. Why It Matters The release of updated foreign exchange rates is a critical indicator of the country’s economic health and has far-reaching implications for various sectors. For businesses engaged in international trade, these rates determine the cost of imports and exports, affecting profit margins and pricing strategies. A weaker rupee can lead to higher import costs, contributing to inflation and increasing the cost of living for ordinary citizens. For the government, managing the exchange rate is essential for maintaining economic stability and investor confidence. A stable currency can attract foreign investment and boost economic growth. Conversely, a volatile exchange rate can deter investors and exacerbate economic challenges. The updated rates also impact the financial markets, influencing stock prices and investment decisions. On a broader scale, the exchange rate can affect Pakistan’s international relations. A stable currency is crucial for negotiating trade agreements and securing favorable terms in international markets. It also plays a role in the country’s ability to service its foreign debt, which is vital for maintaining financial credibility on the global stage. Key Takeaways The latest foreign exchange rates show the US dollar at 277.2545 rupees, the British pound at 373.5450 rupees, the euro at 319.7576 rupees, and the Japanese yen at 1.7882 rupees. These rates are crucial for businesses and investors, impacting import costs and economic stability. Pakistan’s economy faces challenges such as inflation and currency depreciation, influenced by global and domestic factors. The exchange rate is a key indicator of economic health, affecting trade, investment, and international relations. The State Bank of Pakistan continues to manage foreign exchange reserves and implement policies to stabilize the currency. 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 16, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Prime Minister Shehbaz Sharif has instructed the Small and Medium Enterprises Development Authority (SMEDA) to devise a comprehensive strategy for providing financial support to Small and Medium-sized Enterprises (SMEs) across Pakistan. The directive, issued during a review meeting on Wednesday, aims to enhance the professional capacity of SMEs and facilitate their access to global markets. What Happened During a review meeting chaired by Prime Minister Shehbaz Sharif, the focus was placed on the ongoing initiatives by SMEDA to support small and medium-sized industries and entrepreneurs. The prime minister emphasized the need for a comprehensive strategy that not only extends financial assistance but also promotes entrepreneurship and ensures equal facilities and technical support across all regions of the country. Prime Minister Sharif highlighted the importance of expanding the existing SMEDA program that encourages greater participation of women in SMEs. He also stressed the need for utilizing digital platforms to provide local entrepreneurs with access to both national and international markets. The prime minister directed SMEDA to ensure that their strategy covers a wide range of regions and sectors, with special attention to organizing production and commercial linkages of agricultural commodities. In attendance at the meeting were Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Minister for National Food Security Rana Tanveer Hussain, Minister for Law and Justice Azam Nazeer Tarar, Minister for Commerce Jam Kamal, Minister for Economic Affairs Ahad Khan Cheema, Minister of State for Finance Bilal Azhar Kayani, Prime Minister’s Adviser on Commerce Haroon Akhtar, and Chairman of the Prime Minister’s Youth Programme Rana Mashhood Ahmad Khan, along with other relevant government officials. Background The Small and Medium Enterprises Development Authority (SMEDA) was established to support and promote the growth of SMEs in Pakistan. SMEs play a crucial role in the country’s economy, contributing significantly to employment and GDP. Historically, SMEs in Pakistan have faced challenges such as limited access to finance, inadequate infrastructure, and lack of technical expertise. SMEDA’s initiatives aim to address these challenges by providing financial support, technical assistance, and facilitating market access. In recent years, the government has taken steps to bolster the SME sector, recognizing its potential to drive economic growth and job creation. Various programs have been launched to support SMEs, with a focus on innovation, technology adoption, and export promotion. Why It Matters The directive from Prime Minister Shehbaz Sharif underscores the government’s commitment to strengthening the SME sector, which is vital for Pakistan’s economic development. By formulating a comprehensive strategy for financial support, SMEDA can help SMEs overcome financial constraints and enhance their competitiveness both locally and internationally. Expanding the participation of women in SMEs is particularly significant, as it aligns with broader efforts to empower women economically and socially. Providing women with greater opportunities in business can lead to more inclusive economic growth and contribute to poverty reduction. Furthermore, the emphasis on digital platforms reflects the need for SMEs to adapt to the digital economy. By leveraging technology, SMEs can access new markets, improve operational efficiency, and enhance customer engagement. This digital transformation is crucial for SMEs to remain competitive in an increasingly globalized market. The focus on agricultural commodities also highlights the importance of integrating SMEs into the agricultural value chain. By organizing production and commercial linkages, SMEs can play a pivotal role in enhancing the productivity and profitability of the agricultural sector, which is a cornerstone of Pakistan’s economy. Key Takeaways Prime Minister Shehbaz Sharif has directed SMEDA to develop a comprehensive strategy for SME financial support. The strategy aims to enhance SME professional capacity and facilitate access to global markets. There is a focus on expanding women’s participation in SMEs and utilizing digital platforms for market access. The strategy will cover various regions and sectors, with attention to agricultural commodity linkages. SMEDA’s initiatives are aligned with international best practices to strengthen SMEs and boost exports. 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 16, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

FAISALABAD — Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has praised the city’s exporters for their pivotal role in bolstering Pakistan’s economy. Speaking on September 15, Sheikh emphasized the significant contributions of exporters, particularly those venturing into African markets despite challenging business environments. What Happened During a meeting with a delegation of confectionery exporters, FCCI President Farooq Yousaf Sheikh lauded the efforts of Faisalabad’s business community, highlighting their resilience and strategic expansion into new markets. Sheikh noted that these exporters are not only overcoming domestic economic hurdles but are also navigating complex international trade dynamics to open up markets in Africa. “Our exporters are the economic frontline warriors,” Sheikh stated, underscoring the importance of their role in strengthening the national economy. He called for comprehensive support from both the business community and the government to facilitate these exporters in their endeavors. Sheikh pointed out that despite the global economic downturn, Faisalabad’s exporters have managed to maintain a steady growth trajectory, contributing significantly to Pakistan’s export earnings. The meeting also addressed the challenges faced by exporters, including high production costs, logistical issues, and the need for government incentives to enhance competitiveness in international markets. Sheikh urged the government to implement policies that would ease the financial burden on exporters and provide them with the necessary tools to thrive globally. Background Faisalabad, often referred to as the Manchester of Pakistan, is a major hub for textile and industrial production. The city has long been at the forefront of Pakistan’s export sector, contributing a substantial portion of the country’s GDP. Historically, Faisalabad has been pivotal in driving economic growth, with its industries providing employment to thousands and generating significant export revenues. In recent years, the Pakistani government has been striving to diversify its export markets, with a particular focus on Africa. This strategic shift aims to reduce dependency on traditional markets and tap into the growing demand for Pakistani goods in African countries. The government has introduced various initiatives to support exporters, including trade fairs, financial incentives, and bilateral trade agreements. Why It Matters The recognition of Faisalabad’s exporters as economic frontline warriors underscores the critical role they play in Pakistan’s economic landscape. As the country grapples with economic challenges, including inflation and a depreciating currency, the efforts of these exporters are vital in stabilizing the national economy. By penetrating new markets in Africa, they are not only expanding their business horizons but also enhancing Pakistan’s trade balance. The success of Faisalabad’s exporters in Africa could serve as a model for other regions in Pakistan, encouraging a broader diversification of export markets. This diversification is crucial for economic resilience, reducing the impact of global economic fluctuations on Pakistan’s economy. Furthermore, the increased export activity could lead to job creation and technological advancements within the country, fostering overall economic development. On a broader scale, strengthening trade ties with African nations aligns with Pakistan’s foreign policy objectives, promoting diplomatic and economic cooperation. As African economies continue to grow, establishing a foothold in these markets could yield long-term benefits for Pakistan, enhancing its global trade presence. Key Takeaways Faisalabad exporters are recognized for their significant contribution to Pakistan’s economy, particularly in African markets. FCCI President Farooq Yousaf Sheikh calls for government and community support to bolster exporters’ efforts. Faisalabad’s strategic expansion into Africa is part of a broader national effort to diversify export markets. Success in African markets could enhance Pakistan’s trade balance and economic resilience. Strengthening trade ties with Africa supports Pakistan’s foreign policy and economic objectives. 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 16, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Federal Minister for Overseas Pakistanis and Human Resource Development Chaudhry Salik Hussain has announced plans to strengthen cooperation with the International Labour Organization (ILO) following a meeting with ILO Country Director. The meeting, held on September 15, discussed the upcoming visit of ILO Director-General Gilbert F. Houngbo to Pakistan, which is expected to further dialogue on labour standards, workers’ rights, and welfare. What Happened During the meeting, Minister Chaudhry Salik Hussain expressed enthusiasm for the visit of ILO Director-General Gilbert F. Houngbo, emphasizing its potential to enhance bilateral cooperation in the realm of labour rights and standards. The minister highlighted the significance of this visit as an opportunity to engage in meaningful discussions aimed at improving the conditions for workers in Pakistan. The meeting underscored Pakistan’s commitment to aligning with international labour standards and enhancing the welfare of its workforce. Minister Hussain reiterated the government’s dedication to protecting workers’ rights and improving their living conditions. He stated, “The collaboration with ILO will pave the way for significant improvements in the labour sector, ensuring that workers’ rights are safeguarded and their welfare is prioritized.” The ILO Country Director acknowledged Pakistan’s efforts in promoting labour rights and expressed the organization’s willingness to support these initiatives. The discussions also touched upon potential areas of collaboration, including capacity building, policy development, and technical assistance to strengthen Pakistan’s labour market. Background The International Labour Organization, a United Nations agency, has been working with Pakistan for several decades to promote decent work and improve labour standards. Pakistan has been a member of the ILO since 1947 and has ratified numerous ILO conventions aimed at improving labour conditions. The country has been actively involved in various ILO programs and initiatives to enhance workers’ rights and welfare. In recent years, Pakistan has taken significant steps to improve its labour laws and align them with international standards. The government has been working to address issues such as child labour, forced labour, and workplace safety. The collaboration with ILO is seen as a crucial element in these efforts, providing technical support and guidance to ensure effective implementation of labour policies. Why It Matters The strengthening of cooperation between Pakistan and the ILO holds significant implications for the country’s labour market. With a large workforce and a growing economy, Pakistan faces numerous challenges in ensuring decent work conditions for its labour force. The collaboration with ILO is expected to bring about positive changes by providing technical assistance and policy guidance. Economically, improved labour standards can lead to increased productivity and competitiveness, attracting foreign investment and boosting economic growth. Socially, enhancing workers’ rights and welfare contributes to reducing poverty and inequality, improving the quality of life for millions of Pakistani workers and their families. On the international front, aligning with ILO standards enhances Pakistan’s reputation as a responsible member of the global community, committed to upholding international norms and conventions. This can lead to stronger trade relations and partnerships with other countries, further benefiting the national economy. Key Takeaways Federal Minister Chaudhry Salik Hussain met with the ILO Country Director to discuss enhancing cooperation on labour standards. The upcoming visit of ILO Director-General Gilbert F. Houngbo to Pakistan is expected to deepen dialogue on workers’ rights and welfare. Pakistan aims to align its labour standards with international norms, improving conditions for its workforce. Enhanced cooperation with ILO can boost economic growth, reduce poverty, and improve Pakistan’s international standing. The collaboration focuses on capacity building, policy development, and technical assistance for the labour sector. 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 16, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Federal Minister for Overseas Pakistanis and Human Resource Development Chaudhry Salik Hussain has called for improved access to European labour markets for Pakistani workers. During a meeting with international representatives on September 15, he emphasized the importance of expanding legal migration pathways and aligning workforce skills with global employment demands. What Happened In a recent meeting held in Islamabad, Chaudhry Salik Hussain, the Federal Minister for Overseas Pakistanis and Human Resource Development, highlighted the need for greater integration of Pakistani skilled and semi-skilled workers into European labour markets. The minister underscored the necessity of creating legal avenues for migration that would allow Pakistani workers to meet the rising demand for skilled labour in Europe. Minister Hussain stated, “Expanding legal migration pathways is crucial for tapping into the potential of our workforce and meeting the international demand for skilled labour.” He further elaborated on the importance of aligning the skills of Pakistani workers with the requirements of European employers, which would not only benefit the workers but also contribute positively to the economies of both Pakistan and European countries. The meeting also addressed the challenges faced by Pakistani workers abroad, including issues related to legal status, skill recognition, and employment conditions. The minister called for collaborative efforts between Pakistan and European nations to address these challenges and facilitate smoother transitions for workers seeking opportunities abroad. Background The call for greater access to European labour markets comes against a backdrop of increasing unemployment rates in Pakistan, particularly among the youth. Historically, Pakistani workers have sought employment opportunities in the Middle East, but recent shifts in global economic trends have prompted a need to explore new markets. In recent years, European countries have experienced labour shortages in various sectors, including healthcare, construction, and information technology. These shortages present an opportunity for countries like Pakistan to supply skilled labour, provided that the necessary legal and regulatory frameworks are in place. Pakistan has existing bilateral agreements with several European countries aimed at facilitating worker migration. However, these agreements often face implementation challenges, including bureaucratic hurdles and a lack of alignment between the skills of Pakistani workers and the needs of European employers. Why It Matters The push for increased access to European labour markets holds significant implications for Pakistan’s economy and its workforce. By securing more opportunities for Pakistani workers abroad, the country can alleviate domestic unemployment pressures and increase remittances, which are a vital source of foreign exchange for Pakistan. Remittances from overseas Pakistanis contribute significantly to the national economy, supporting millions of families and bolstering foreign reserves. Enhanced access to European labour markets could potentially increase these remittances, thereby strengthening economic stability and growth. Moreover, aligning the skills of Pakistani workers with international standards can lead to a more competitive workforce. This alignment not only benefits the workers but also enhances Pakistan’s reputation as a reliable source of skilled labour, potentially opening doors to further international collaborations and agreements. On a broader scale, fostering stronger ties with European countries through workforce integration can lead to improved diplomatic relations and increased bilateral trade, benefiting both Pakistan and its European partners. Key Takeaways Minister Chaudhry Salik Hussain advocates for greater access to European labour markets for Pakistani workers. The initiative aims to expand legal migration pathways and align workforce skills with international demands. Increased access to European markets could alleviate unemployment in Pakistan and boost remittances. Aligning skills with international standards can enhance Pakistan’s competitiveness in the global labour market. Stronger workforce ties with Europe may improve diplomatic and trade relations. 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 16, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Federal Minister for Economic Affairs and Establishment Division, Senator Ahad Cheema, has advocated for comprehensive structural reforms to enhance the independence and authority of the Drug Regulatory Authority of Pakistan (DRAP). The call for reform was made during a meeting on Tuesday, emphasizing the need for DRAP to become a more empowered regulatory and pricing authority. What Happened During a high-level meeting held in Islamabad, Senator Ahad Cheema stressed the importance of transforming DRAP into a robust and autonomous body. He highlighted the necessity for policy reforms that would grant DRAP greater regulatory and pricing authority, particularly in the context of imported medicines. The minister underscored the need for a thorough review of the existing pricing formula to ensure fair and equitable pricing of pharmaceuticals in Pakistan. Senator Cheema stated, “The current structure of DRAP needs to be revisited to make it an independent and empowered authority that can effectively regulate and price medicines, ensuring accessibility and affordability for the public.” This statement reflects the government’s intent to address long-standing challenges in the pharmaceutical sector, including pricing disputes and regulatory inefficiencies. The meeting also discussed the potential impact of these reforms on the pharmaceutical industry and public health. By enhancing DRAP’s capabilities, the government aims to improve the quality and safety of medicines available in the market, thereby protecting consumer interests. Background DRAP was established in 2012 under the Drug Regulatory Authority of Pakistan Act, with the mandate to regulate the pharmaceutical and healthcare products sector. However, over the years, it has faced criticism for its limited autonomy and effectiveness in regulating drug prices and ensuring compliance with international standards. Historically, the pharmaceutical industry in Pakistan has been plagued by issues such as price hikes, shortages of essential medicines, and delays in the registration of new drugs. These challenges have often been attributed to bureaucratic hurdles and insufficient regulatory oversight. The call for reforms by Senator Cheema is part of a broader effort to address these systemic issues and align DRAP’s operations with global best practices. Why It Matters The proposed reforms are significant for several reasons. Firstly, an empowered DRAP could lead to more transparent and consistent drug pricing, benefiting consumers by making essential medicines more affordable. This is particularly important in a country where a significant portion of the population struggles with healthcare costs. Secondly, enhancing DRAP’s regulatory capabilities could improve the quality of medicines available in the market, reducing the prevalence of counterfeit and substandard products. This would have a direct impact on public health outcomes, as access to safe and effective medicines is a cornerstone of healthcare provision. Furthermore, the reforms could attract greater investment in the pharmaceutical sector by providing a more stable and predictable regulatory environment. This could encourage both local and international companies to invest in research and development, ultimately leading to innovation and growth within the industry. On an international level, aligning DRAP’s practices with global standards could improve Pakistan’s standing in the global pharmaceutical market, potentially opening up new export opportunities for locally manufactured medicines. Key Takeaways Senator Ahad Cheema has called for structural reforms to enhance DRAP’s independence and authority. The reforms aim to improve drug pricing and regulatory oversight in Pakistan. DRAP’s transformation could lead to better public access to affordable and safe medicines. Improved regulatory practices may attract investment and innovation in the pharmaceutical sector. Aligning with global standards could enhance Pakistan’s position in the international pharmaceutical market. 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 15, 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.

LAHORE — The Small and Medium Enterprises Development Authority (SMEDA) has announced a strategic partnership with Japan’s Organization for Small & Medium Enterprises and Regional Innovation (SMRJ) to facilitate the integration of Pakistani small and medium enterprises (SMEs) into the ‘J-GoodTech’ online B2B platform. This initiative aims to enhance the global reach and competitiveness of Pakistani SMEs. What Happened On September 15, SMEDA revealed its collaboration with SMRJ, a significant move to support Pakistani SMEs by providing them access to ‘J-GoodTech’, a Japanese business-to-business platform designed to foster international trade and business connections. The platform is renowned for connecting SMEs with potential business partners globally, thus offering a valuable opportunity for Pakistani enterprises to expand their market presence. According to SMEDA officials, this collaboration is a part of the authority’s broader strategy to internationalize Pakistani SMEs and help them tap into new markets. The partnership will enable these enterprises to showcase their products and services to a wider audience, potentially leading to increased trade and investment opportunities. SMEDA’s Chief Executive Officer emphasized the importance of this initiative, stating, “This partnership with SMRJ is a crucial step in our efforts to empower Pakistani SMEs by providing them with the tools and platforms necessary to compete on a global scale.” He further added that the collaboration is expected to open new avenues for business growth and development for SMEs in Pakistan. Background SMEDA, established in 1998, has been instrumental in promoting and supporting the development of small and medium enterprises in Pakistan. The authority provides a range of services, including business development, training, and advisory services, aimed at enhancing the productivity and competitiveness of SMEs. Japan’s SMRJ, on the other hand, is a governmental organization dedicated to supporting SMEs and regional innovation. The ‘J-GoodTech’ platform, launched by SMRJ, serves as a digital marketplace where SMEs can connect with potential business partners worldwide, facilitating cross-border trade and collaboration. Why It Matters The collaboration between SMEDA and SMRJ is significant for several reasons. Economically, it provides Pakistani SMEs with access to international markets, which can lead to increased exports and foreign investment. This is particularly important for a country like Pakistan, where SMEs constitute a significant portion of the economy and play a vital role in employment generation and economic growth. Socially, the initiative can contribute to job creation and skill development within the SME sector, as businesses expand and require a more skilled workforce to manage increased demand. This can have a positive impact on local communities by reducing unemployment and improving living standards. Politically, strengthening economic ties with Japan through such collaborations can enhance bilateral relations between the two countries. It aligns with Pakistan’s broader foreign policy objectives of fostering economic diplomacy and building strategic partnerships with key global economies. Internationally, the integration of Pakistani SMEs into a global platform like ‘J-GoodTech’ can improve the country’s image as a viable business partner and investment destination. It showcases the potential of Pakistani enterprises to compete and collaborate on an international stage, thereby attracting further interest from global investors and businesses. Key Takeaways SMEDA has partnered with Japan’s SMRJ to connect Pakistani SMEs to the ‘J-GoodTech’ B2B platform. The initiative aims to enhance the global competitiveness of Pakistani SMEs by providing access to international markets. This collaboration supports SMEDA’s strategy of internationalizing Pakistani SMEs and expanding their market presence. The partnership can lead to increased exports, foreign investment, and job creation in Pakistan. Strengthening economic ties with Japan aligns with Pakistan’s broader foreign policy objectives. 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 15, 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 — Feng Qiang, President of the Shenzhen Government Procurement Association and Chairman of the Industrial Globalization Alliance, has emphasized the potential of enhanced digital connectivity and industrial cooperation among China, Pakistan, and Africa. Speaking on September 15, he highlighted that the three regions offer complementary resources, markets, and industrial capabilities, which could pave the way for significant trade and investment opportunities. What Happened Feng Qiang addressed the potential for trilateral cooperation during a recent forum focused on fostering economic ties between China, Pakistan, and Africa. He pointed out that the regions have distinct yet complementary strengths that, if leveraged effectively, could lead to substantial economic benefits. According to Feng, China’s advanced technological capabilities, Pakistan’s strategic location, and Africa’s vast resource base and growing markets form a robust foundation for industrial collaboration. Feng advocated for stronger digital connectivity as a cornerstone of this cooperation. He suggested that by enhancing digital infrastructure, these regions could improve communication and efficiency in trade and investment processes. “Digital connectivity is not just about technology; it’s about creating a seamless environment for business operations across borders,” Feng stated. The forum also discussed the potential for joint ventures and partnerships in sectors such as manufacturing, technology, and agriculture. Participants agreed that such collaborations could lead to job creation, technology transfer, and sustainable economic growth across the involved regions. Background The idea of trilateral cooperation among China, Pakistan, and Africa is not entirely new. China has been actively involved in Africa for decades, investing in infrastructure projects and resource extraction. Similarly, Pakistan has historical ties with African nations through trade and diplomatic channels. The China-Pakistan Economic Corridor (CPEC), a flagship project under China’s Belt and Road Initiative, has already established a framework for economic collaboration between China and Pakistan. In recent years, there has been a growing recognition of Africa’s potential as a major player in the global economy. With its abundant natural resources and a young, rapidly growing population, Africa presents numerous opportunities for investment and development. The proposed trilateral cooperation aims to build on these existing relationships and explore new avenues for mutual benefit. Why It Matters The potential cooperation between China, Pakistan, and Africa could have significant implications for the global economic landscape. For Pakistan, this partnership offers an opportunity to diversify its trade and investment portfolio, reducing reliance on traditional markets. It could also enhance Pakistan’s role as a regional hub, leveraging its strategic location to facilitate trade between Asia and Africa. For China, the cooperation aligns with its broader Belt and Road Initiative goals, seeking to expand its influence and economic ties across continents. Africa, with its vast resources and growing consumer base, is a key area of interest for China. By collaborating with Pakistan, China can strengthen its foothold in the region and gain access to new markets. African countries stand to benefit from increased investment and technology transfer, which could drive industrialization and economic development. The cooperation could also help address infrastructure gaps and improve connectivity within the continent, fostering intra-African trade and integration. Key Takeaways Feng Qiang advocates for enhanced digital connectivity among China, Pakistan, and Africa to boost trade and investment. The regions have complementary strengths, including China’s technology, Pakistan’s strategic location, and Africa’s resources. Trilateral cooperation could lead to job creation, technology transfer, and sustainable economic growth. The initiative aligns with China’s Belt and Road goals and offers Pakistan a chance to diversify its economic partnerships. African nations could benefit from increased investment and improved infrastructure. Source Attribution This article is based on official 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 15, 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 — At a recent event held at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Islamabad, experts highlighted the potential for a trilateral economic cooperation framework between Pakistan, China, and the African region. The Pakistan Africa Economic Council (PAEC) was identified as a key player in facilitating this initiative, aiming to bolster trade and investment ties across these regions. What Happened The event, organized at the FPCCI Capital House, brought together business leaders, policymakers, and economic experts to discuss the prospects of enhancing economic collaboration between Pakistan, China, and African markets. The speakers underscored the strategic importance of this trilateral framework, emphasizing the role of the PAEC in bridging gaps and fostering mutual economic interests. According to the participants, the initiative seeks to leverage Pakistan’s geographical position and its economic ties with China, particularly through the China-Pakistan Economic Corridor (CPEC), to access and expand into African markets. The collaboration aims to create new avenues for trade, investment, and economic growth, benefiting all parties involved. One of the speakers noted, “The trilateral cooperation framework can serve as a catalyst for economic growth, providing opportunities for businesses in Pakistan, China, and Africa to collaborate on various projects, ranging from infrastructure development to technology transfer.” The discussions also highlighted the need for establishing a formal mechanism to facilitate dialogue and cooperation among the three regions. This could include regular trade missions, joint ventures, and exchange programs to enhance understanding and build trust among business communities. Background Historically, Pakistan has maintained strong bilateral relations with China, primarily through the CPEC, which is a flagship project under China’s Belt and Road Initiative (BRI). CPEC has been instrumental in enhancing infrastructure, energy, and trade connectivity between the two countries. Africa, on the other hand, represents a burgeoning market with immense potential for trade and investment. In recent years, China has significantly increased its economic footprint in Africa, becoming one of the continent’s largest trading partners and investors. Pakistan, recognizing the opportunities in Africa, has been working to strengthen its economic ties with various African nations through initiatives like the ‘Look Africa Policy’. Why It Matters The proposed trilateral economic cooperation framework could have far-reaching implications for the involved regions. Economically, it offers a platform for diversifying trade and investment portfolios, reducing dependency on traditional markets, and tapping into the vast potential of African economies. For Pakistan, this framework could open new markets for its products, enhance export revenues, and attract foreign direct investment. Politically, the initiative could strengthen Pakistan’s diplomatic ties with both China and African nations, positioning it as a pivotal player in regional and international economic affairs. It also aligns with China’s broader BRI strategy, which seeks to enhance global trade connectivity and economic integration. Socially, increased economic cooperation could lead to job creation, skill development, and technology transfer, contributing to poverty alleviation and improved living standards in the participating regions. It could also foster cultural exchanges and enhance people-to-people contacts, promoting mutual understanding and cooperation. Key Takeaways The FPCCI event highlighted the potential for a trilateral economic cooperation framework between Pakistan, China, and Africa. The Pakistan Africa Economic Council (PAEC) is poised to play a crucial role in facilitating this initiative. The framework aims to leverage CPEC and China’s BRI to access African markets. Enhanced cooperation could diversify trade, attract investment, and create economic growth opportunities. The initiative could strengthen diplomatic ties and contribute to social development in the regions. Source Attribution This article is based on official 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 15, 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 — Federal Minister for National Food Security and Research, Rana Tanveer Hussain, chaired a high-level meeting of the Sugar Advisory Board on Tuesday to assess the current sugar supply situation, domestic requirements, and available stocks across Pakistan. The meeting, held in Islamabad, aimed to ensure the stability of sugar supplies and address any potential shortages in the market. What Happened The meeting, led by Minister Rana Tanveer Hussain, brought together key stakeholders from the sugar industry, including representatives from sugar mills, government officials, and market analysts. The primary focus was to evaluate the current stock levels and forecast future supply needs to prevent any disruptions in the market. The minister emphasized the importance of maintaining a stable supply chain to avoid price hikes and ensure affordability for consumers. During the discussions, the Sugar Advisory Board reviewed data on sugar production, consumption trends, and import requirements. Minister Hussain highlighted the need for accurate data collection and timely interventions to manage the sugar supply effectively. He stated, “Our priority is to ensure that there is no shortage of sugar in the country and that prices remain stable for the benefit of consumers.” The board also discussed strategies to enhance domestic production and reduce dependency on imports. Participants explored ways to support local farmers and improve yield through modern agricultural practices and technology. The minister assured stakeholders of the government’s commitment to facilitating the sugar industry and addressing any challenges they face. Background Pakistan’s sugar industry has faced numerous challenges over the years, including fluctuating production levels, pricing disputes, and regulatory hurdles. Historically, the country has experienced periodic sugar shortages, leading to price volatility and public discontent. The government has often intervened through imports or subsidies to stabilize the market. The Sugar Advisory Board, established to oversee the sector, plays a crucial role in monitoring supply and demand dynamics. It provides recommendations to the government on policy measures and strategic interventions to ensure a balanced market. The board’s meetings are pivotal in aligning industry stakeholders and government efforts towards sustainable sugar production and distribution. Why It Matters The sugar industry is a significant component of Pakistan’s agricultural economy, impacting millions of livelihoods, from farmers to factory workers. Ensuring a stable sugar supply is vital not only for economic reasons but also for social stability. Sugar is a staple commodity in Pakistani households, and any disruption in its supply can lead to public discontent and economic strain. Economically, the sugar sector contributes to export revenues and job creation. By enhancing domestic production and reducing import reliance, Pakistan can improve its trade balance and strengthen its agricultural sector. The meeting’s focus on supporting local farmers and improving yields aligns with broader government objectives of agricultural self-sufficiency and rural development. Politically, managing sugar supply effectively is crucial for the government to maintain public trust and avoid criticism related to inflation and commodity shortages. The Sugar Advisory Board’s proactive approach in addressing potential supply issues reflects the government’s commitment to economic stability and consumer protection. Key Takeaways Federal Minister Rana Tanveer Hussain chaired a Sugar Advisory Board meeting to review sugar supply and stocks. The meeting focused on ensuring stable sugar supplies and preventing market disruptions. Strategies to enhance domestic production and reduce import dependency were discussed. The sugar industry is vital for Pakistan’s economy, impacting livelihoods and export revenues. Effective management of sugar supply is crucial for economic and social stability 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: September 15, 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.