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LISSE, NETHERLANDS — Ambassador Syed Haider Shah and Trade & Investment Counsellor Muhammad Shafiq Haider Virk met with Chief Executive Officer Henriëtte van Beynum at the head office of Beddinghouse on July 16 to discuss potential avenues for enhancing trade and investment between Pakistan and the Netherlands. What Happened The meeting, held at Beddinghouse’s headquarters in Lisse, aimed to explore opportunities for collaboration in the textile and home furnishings sectors. Ambassador Shah and Counsellor Virk emphasized the importance of strengthening economic ties and highlighted Pakistan’s burgeoning textile industry as a key area for potential partnership. CEO van Beynum expressed interest in exploring the possibilities of sourcing materials from Pakistan, acknowledging the country’s reputation for high-quality textile products. During the discussions, the Pakistani officials presented an overview of Pakistan’s textile sector, which is one of the largest contributors to the country’s economy. They outlined the competitive advantages offered by Pakistan, including skilled labor, cost-effective production, and a favorable business environment. The meeting also touched upon the potential for joint ventures and technology transfer to enhance productivity and innovation within the industry. CEO van Beynum noted, “Beddinghouse is always looking for new partners who can provide high-quality materials and innovative solutions. Pakistan’s textile industry is impressive, and we see potential for mutual benefits.” The discussions concluded with a mutual agreement to explore further opportunities for collaboration and to maintain an ongoing dialogue to facilitate trade relations. Background Pakistan and the Netherlands have shared a robust trade relationship, with the Netherlands being one of Pakistan’s significant trading partners in Europe. The textile industry is a cornerstone of Pakistan’s economy, accounting for a substantial portion of its exports. In recent years, Pakistan has made concerted efforts to enhance its trade relations with European countries, leveraging its Generalized Scheme of Preferences (GSP+) status with the European Union to boost exports. Beddinghouse, a leading company in the home textile sector, has a strong presence in the European market. The company is known for its innovative designs and sustainable practices. The meeting with Pakistani officials is part of Beddinghouse’s strategy to diversify its supply chain and explore new sourcing opportunities. Why It Matters The meeting between Pakistani envoys and Beddinghouse’s CEO is significant as it underscores the potential for expanding Pakistan’s textile exports to the European market. Strengthening trade relations with companies like Beddinghouse can lead to increased economic opportunities for Pakistan, potentially boosting employment and economic growth within the textile sector. For Pakistan, enhancing its export portfolio is crucial in addressing its trade deficit and stabilizing its economy. By tapping into the European market, Pakistani textile manufacturers can gain access to a wider consumer base, thereby increasing their revenue streams. Additionally, partnerships with established European companies can facilitate knowledge transfer and technological advancements, further enhancing the competitiveness of Pakistan’s textile industry. On the international front, such collaborations can foster better diplomatic relations between Pakistan and European nations, promoting a positive image of Pakistan as a reliable trade partner. This can have broader implications for Pakistan’s foreign policy and its efforts to integrate more deeply into the global economy. Key Takeaways Ambassador Syed Haider Shah and Counsellor Muhammad Shafiq Haider Virk met with Beddinghouse CEO in the Netherlands to discuss trade opportunities. The meeting focused on enhancing collaboration in the textile and home furnishings sectors. Pakistan’s textile industry is a significant economic contributor, with potential for increased exports to Europe. Strengthened trade relations can boost Pakistan’s economy and employment in the textile sector. Partnerships with European companies can lead to technological advancements and improved competitiveness for 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: July 17, 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 — Dr. Farooq Adil, a distinguished intellectual, author, and columnist, met with Prime Minister Shehbaz Sharif on July 16 to present his latest travelogue. The meeting took place at the Prime Minister’s office, where Dr. Adil shared insights from his travels and discussed various cultural and literary topics with the Prime Minister. What Happened During the meeting, Dr. Farooq Adil, known for his profound contributions to literature and journalism, handed over a copy of his travelogue to Prime Minister Shehbaz Sharif. The travelogue, which is a detailed account of Dr. Adil’s recent journeys, reflects his observations and experiences across different regions. The Prime Minister expressed his appreciation for Dr. Adil’s work, acknowledging the importance of literature in promoting cultural understanding and dialogue. Prime Minister Shehbaz Sharif, who has been an advocate for cultural and educational initiatives, took a keen interest in the travelogue’s content. He commended Dr. Adil for his dedication to documenting his experiences and contributing to the literary landscape of Pakistan. The meeting also served as an opportunity for both the Prime Minister and Dr. Adil to discuss the role of literature in fostering national unity and international understanding. Dr. Adil’s travelogue is expected to offer readers a unique perspective on the cultural and social dynamics of the regions he explored. His narrative style, combined with insightful commentary, provides a window into the diverse experiences that shape human interactions across borders. Background Dr. Farooq Adil has established himself as a prominent figure in Pakistani literature, with numerous publications to his name. His work often explores themes of identity, culture, and the human experience. Over the years, Dr. Adil has contributed to various national and international publications, earning him a reputation as a thought leader in intellectual circles. Prime Minister Shehbaz Sharif, since assuming office, has emphasized the importance of cultural exchange and the promotion of the arts. His administration has launched several initiatives aimed at supporting writers, artists, and cultural practitioners, recognizing their role in shaping the country’s narrative and enhancing its global image. Why It Matters The meeting between Dr. Farooq Adil and Prime Minister Shehbaz Sharif underscores the government’s commitment to supporting intellectual and cultural endeavors. By engaging with prominent literary figures, the government aims to foster a more inclusive and culturally aware society. This interaction highlights the significance of literature as a tool for diplomacy and cultural exchange, which can contribute to Pakistan’s soft power on the international stage. In a world increasingly divided by political and social tensions, literature offers a means of bridging gaps and fostering understanding. Dr. Adil’s travelogue, with its rich narratives and cultural insights, serves as a testament to the power of storytelling in connecting people across different backgrounds. The government’s support for such initiatives not only promotes cultural diversity but also enhances Pakistan’s reputation as a nation that values intellectual and artistic contributions. Furthermore, the meeting reflects a broader trend of recognizing the importance of cultural diplomacy in international relations. By supporting writers and intellectuals, Pakistan can project a more nuanced and positive image globally, which is crucial for its diplomatic and economic engagements. Key Takeaways Dr. Farooq Adil presented his travelogue to Prime Minister Shehbaz Sharif during a meeting on July 16. The travelogue offers insights into cultural and social dynamics across different regions. The meeting highlights the government’s support for intellectual and cultural endeavors. Literature is seen as a tool for fostering national unity and international understanding. The initiative aligns with Pakistan’s efforts to enhance its cultural diplomacy and global image. 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: July 17, 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 — Former Pakistan hockey captain Shahbaz Ahmad Senior has expressed his delight over receiving an invitation from the International Hockey Federation (FIH) to attend the 2026 Hockey World Cup. He described this recognition as a significant honor for both himself and Pakistan, highlighting the nation’s storied legacy in the world of hockey. What Happened Shahbaz Ahmad Senior, a legendary figure in Pakistan’s hockey history, has been invited by the FIH to participate in the 2026 Hockey World Cup. The invitation is seen as a testament to his contributions to the sport and Pakistan’s rich history in international hockey. Shahbaz Senior remarked, “This invitation is not just a personal honor but a recognition of Pakistan’s glorious legacy in world hockey.” The 2026 Hockey World Cup is set to be a major event in the international sports calendar, and Shahbaz’s inclusion underscores the respect and admiration he commands in the hockey community. Shahbaz Senior’s career is decorated with numerous accolades, including leading Pakistan to victory in the 1994 Hockey World Cup. His dynamic playing style and leadership on the field have left an indelible mark on the sport. The FIH’s invitation is a reflection of his enduring influence and the respect he continues to garner globally. Background Pakistan has a rich history in field hockey, having won three Olympic gold medals and four World Cup titles. The country’s dominance in the sport spanned several decades, particularly from the 1960s to the 1990s. Shahbaz Ahmad Senior, who captained the national team during some of its most successful years, is often credited with being one of the finest forwards in the history of the game. His leadership during the 1994 World Cup, where Pakistan emerged victorious, is particularly celebrated. Over the years, Pakistan’s presence in international hockey has waned due to various factors, including administrative challenges and a lack of investment in the sport. However, the legacy of players like Shahbaz Senior continues to inspire new generations of athletes in the country. Why It Matters The invitation to Shahbaz Ahmad Senior is significant not only for its recognition of his personal achievements but also for its potential impact on Pakistan’s hockey landscape. It serves as a reminder of the country’s historical prowess in the sport and could inspire renewed interest and investment in hockey at both grassroots and national levels. For Pakistan, a nation with a deep-rooted passion for hockey, such international recognition can help rekindle interest in the sport. It highlights the importance of nurturing talent and investing in sports infrastructure to regain its former glory. The acknowledgment from FIH could also encourage young athletes to pursue hockey, knowing that their efforts could one day earn them similar honors. On an international level, the invitation underscores the global recognition of Pakistan’s contributions to hockey. It positions the country as an integral part of the sport’s history and its ongoing narrative. This could potentially open doors for more collaborative efforts between Pakistan and international hockey bodies, fostering development and exchange programs that benefit the sport globally. Key Takeaways Shahbaz Ahmad Senior received an invitation from the International Hockey Federation for the 2026 World Cup. The invitation is a recognition of both his personal achievements and Pakistan’s historical legacy in hockey. Pakistan’s rich hockey history includes three Olympic golds and four World Cup titles. The recognition could inspire renewed interest and investment in hockey within Pakistan. International acknowledgment positions Pakistan as a key player in the global hockey narrative. Source Attribution The article is based on official statements and public communications from the International Hockey Federation and Shahbaz Ahmad Senior. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 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.

KARACHI — Pakistan’s total liquid foreign reserves have decreased to $22.67 billion as of July 10, 2026, according to official figures. The State Bank of Pakistan (SBP) reported a significant decline in its reserves, which fell by $1.245 billion during the week ending July 10, bringing the SBP’s holdings to $17.23 billion. What Happened The State Bank of Pakistan (SBP) announced that its foreign exchange reserves saw a decrease of $1.245 billion in the week ending July 10, 2026. This reduction brought the SBP’s reserves down to $17.23 billion, contributing to the country’s total liquid foreign reserves standing at $22.67 billion. The decline in reserves is attributed to external debt repayments and other financial obligations that Pakistan had to meet during this period. The dwindling reserves come at a time when Pakistan is grappling with economic challenges, including a high import bill and the need to service its external debt. The SBP’s reserves are crucial for maintaining the country’s financial stability and ensuring that it can meet its international payment obligations. The central bank has been actively managing its reserves to maintain a balance between supporting the local currency and fulfilling external commitments. In a statement, the SBP highlighted the importance of maintaining adequate reserve levels to support the economy. “The management of foreign exchange reserves is critical to ensure the stability of the Pakistani rupee and to meet the country’s international financial obligations,” the SBP stated. Background Pakistan’s foreign exchange reserves have been under pressure due to several factors, including a persistent trade deficit, rising global oil prices, and the need to repay external debt. Historically, the country has relied on financial assistance from international financial institutions and friendly countries to bolster its reserves. The International Monetary Fund (IMF) has been a key partner in providing financial support to Pakistan through various loan programs aimed at stabilizing the economy. In recent years, Pakistan has also sought to diversify its foreign exchange sources by encouraging remittances from overseas Pakistanis and attracting foreign direct investment. However, these measures have faced challenges due to global economic uncertainties and domestic economic constraints. Why It Matters The decline in Pakistan’s foreign reserves is a cause for concern as it directly impacts the country’s ability to manage its external payments and maintain economic stability. Lower reserves can lead to increased pressure on the Pakistani rupee, potentially resulting in inflationary pressures and higher import costs. This, in turn, affects the purchasing power of citizens and can lead to a higher cost of living. Economically, the reserves are vital for ensuring that Pakistan can meet its debt obligations without resorting to excessive borrowing, which could further strain the national budget. Politically, maintaining adequate reserves is crucial for the government’s credibility and its ability to negotiate favorable terms with international lenders and partners. On the international front, the state of Pakistan’s reserves is closely watched by investors and rating agencies, as it reflects the country’s financial health and its ability to honor international commitments. A stable reserve position is essential for attracting foreign investment and fostering economic growth. Key Takeaways Pakistan’s total liquid foreign reserves have decreased to $22.67 billion as of July 10, 2026. The State Bank of Pakistan’s reserves fell by $1.245 billion during the week ending July 10. The decline is attributed to external debt repayments and financial obligations. Lower reserves can impact the Pakistani rupee and lead to inflationary pressures. Maintaining adequate reserves is crucial for economic stability and international credibility. 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: July 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.

LAHORE — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has underscored the importance of empowering women entrepreneurs to bolster Pakistan’s economic growth and enhance its global trade competitiveness. On Thursday, FPCCI Vice President Qurrat ul Ain articulated the necessity of integrating women into international markets and equipping them with advanced skills to expand the country’s export base. What Happened During a recent address, FPCCI Vice President Qurrat ul Ain emphasized the critical role that women entrepreneurs can play in achieving sustainable economic growth. She highlighted the need for policies that facilitate women’s access to international markets and provide them with the necessary skills to compete on a global scale. “Empowering women entrepreneurs is essential for expanding Pakistan’s export base and enhancing the country’s competitiveness in the global marketplace,” she stated. Qurrat ul Ain called for comprehensive strategies to support women in business, including access to finance, mentorship programs, and skill development initiatives. She pointed out that despite the significant potential, women entrepreneurs in Pakistan face numerous challenges, such as limited access to financial resources, lack of training opportunities, and societal constraints. Addressing these barriers, she argued, would not only benefit women but also contribute to the broader economic objectives of the nation. The FPCCI’s call to action comes at a time when Pakistan is striving to improve its economic standing by diversifying its export portfolio and enhancing trade relations globally. The organization believes that women entrepreneurs are a largely untapped resource that could drive innovation and growth in various sectors, particularly in industries where women already have a strong presence, such as textiles and handicrafts. Background Pakistan has historically faced challenges in integrating women into the formal economy. According to the World Bank, women’s labor force participation in Pakistan is among the lowest in South Asia. Cultural norms, limited mobility, and lack of access to education and financial services have contributed to this disparity. Over the years, various initiatives have been launched to address these issues, but significant gaps remain. The government has introduced several policies aimed at promoting gender equality and supporting women entrepreneurs. These include the establishment of women chambers of commerce, microfinance programs tailored for women, and vocational training centers. However, the implementation of these policies has been inconsistent, and many women still find it difficult to break into the business world. Why It Matters The empowerment of women entrepreneurs is crucial for Pakistan’s economic development. By fostering an inclusive business environment, Pakistan can tap into the potential of half its population, driving innovation and increasing productivity. Empowering women in business not only contributes to economic growth but also promotes social equity and reduces poverty. On an international level, enhancing women’s participation in trade can improve Pakistan’s competitiveness. Women entrepreneurs often bring unique perspectives and innovative solutions to the marketplace, which can differentiate Pakistani products and services in global markets. This is particularly important as Pakistan seeks to diversify its exports and reduce its reliance on traditional sectors. Moreover, supporting women entrepreneurs aligns with global trends towards gender equality and sustainable development. International organizations and trade partners increasingly prioritize gender-inclusive policies, and Pakistan’s commitment to empowering women can enhance its reputation and foster stronger international partnerships. Key Takeaways FPCCI emphasizes the need to empower women entrepreneurs to boost economic growth and global trade competitiveness. Women entrepreneurs face challenges such as limited access to finance and training, which need to be addressed. Integrating women into the economy can drive innovation and productivity, benefiting the broader economic landscape. Supporting women entrepreneurs aligns with global trends towards gender equality and sustainable development. Enhancing women’s participation in trade can improve Pakistan’s international competitiveness and foster stronger partnerships. Source Attribution This article is based on official statements from the Federation of Pakistan Chambers of Commerce and Industry 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: July 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 — The Secretary-General of the Developing-8 Organization for Economic Cooperation (D-8), Ambassador Sohail Mahmood, has called for greater media collaboration among member states during his address at the Shusha Global Media Forum. On July 16, Ambassador Sohail outlined his vision for the D-8 Media Excellence Center, aiming to foster innovation, capacity-building, and ethical journalism across the member nations. What Happened At the 4th Shusha Global Media Forum, Ambassador Sohail Mahmood led the D-8 delegation and emphasized the critical role of media in shaping public opinion and fostering mutual understanding among the D-8 countries. He highlighted the necessity for a cohesive media strategy that can address the challenges of misinformation and promote accurate reporting. The forum, attended by media professionals and representatives from various countries, provided a platform for discussing the evolving dynamics of global media and its impact on international relations. Ambassador Sohail proposed the establishment of the D-8 Media Excellence Center, which would serve as a hub for media innovation and capacity-building. He stated, “The center will be pivotal in enhancing the skills of media professionals and ensuring adherence to ethical journalism standards.” The initiative aims to facilitate the exchange of best practices among member states and develop a network of media professionals committed to promoting factual and unbiased reporting. The forum also addressed the challenges posed by digital transformation and the proliferation of social media platforms, which have significantly altered the media landscape. Participants discussed strategies to leverage these platforms for positive engagement and counter the spread of misinformation. Background The Developing-8 Organization for Economic Cooperation, commonly known as D-8, was established in 1997 to enhance economic cooperation among eight developing countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The organization focuses on promoting sustainable development through collaboration in various sectors, including trade, agriculture, and industry. The Shusha Global Media Forum is an annual event that brings together media professionals, policymakers, and academics to discuss the challenges and opportunities in the global media landscape. The forum aims to foster dialogue and cooperation among different stakeholders to improve the quality and impact of media worldwide. Why It Matters The call for enhanced media cooperation among D-8 member states is significant in the context of increasing global challenges such as misinformation, fake news, and media polarization. By fostering collaboration, the D-8 aims to create a unified media front that can effectively address these issues and promote accurate information dissemination. For Pakistan, as a member of the D-8, this initiative presents an opportunity to strengthen its media sector by adopting best practices from other member states. It can lead to improved journalism standards and greater public trust in media institutions. Furthermore, the establishment of the D-8 Media Excellence Center could position Pakistan as a leader in media innovation and ethical journalism within the region. On an international level, enhanced media cooperation among D-8 countries could contribute to a more balanced representation of developing nations in the global media narrative. It can help counter stereotypes and provide a platform for diverse voices and perspectives, thus promoting a more inclusive and equitable global discourse. Key Takeaways Ambassador Sohail Mahmood calls for stronger media cooperation among D-8 member states at the Shusha Global Media Forum. The proposed D-8 Media Excellence Center aims to foster innovation, capacity-building, and ethical journalism. Enhanced media collaboration can help address challenges like misinformation and promote accurate reporting. Pakistan stands to benefit from improved journalism standards and greater public trust in media institutions. Internationally, the initiative could lead to a more balanced representation of developing nations in global media. 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: July 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.

KARACHI — The National Bank of Pakistan (NBP) released its updated foreign exchange rates on Thursday, reflecting the latest figures from its Treasury Management Division. The announcement comes as Pakistan continues to navigate economic challenges, with currency fluctuations impacting both businesses and consumers. What Happened The Treasury Management Division of the NBP issued the latest exchange rates for a range of currencies, providing crucial information for importers, exporters, and financial analysts. According to the released data, the US Dollar (USD) was listed at a telegraphic transfer (TT) selling rate of PKR 278.40 and a buying rate of PKR 277.90. The Euro (EUR) was priced at a TT selling rate of PKR 319.26 and a buying rate of PKR 318.68. Other notable currencies include the British Pound (GBP), which was set at a TT selling rate of PKR 376.78 and a buying rate of PKR 376.11, and the Japanese Yen (JPY) with a selling rate of PKR 1.7176 and a buying rate of PKR 1.7145. The Swiss Franc (CHF) was listed at PKR 345.53 for selling and PKR 344.91 for buying, while the Canadian Dollar (CAD) was priced at PKR 198.20 for selling and PKR 197.84 for buying. Additional currencies such as the Australian Dollar (AUD), Swedish Krona (SEK), and Norwegian Krone (NOK) were also included in the update, reflecting minor fluctuations that could impact trade and investment decisions. The NBP also provided conversion rates for frozen foreign currency deposits, with the USD at PKR 277.9530, GBP at PKR 371.5676, and EUR at PKR 317.5335. Background Pakistan’s economy has been under significant pressure due to a combination of internal and external factors, including inflation, fiscal deficits, and geopolitical tensions. The foreign exchange rates issued by the NBP are crucial for businesses engaged in international trade, as they provide a benchmark for currency conversion and financial planning. Historically, the Pakistani Rupee has experienced volatility against major currencies, influenced by global market trends, domestic economic policies, and international trade agreements. The State Bank of Pakistan (SBP) plays a pivotal role in managing the country’s monetary policy, including interventions in the foreign exchange market to stabilize the currency. Why It Matters The release of updated foreign exchange rates by the NBP is significant for several reasons. Firstly, it directly affects the cost of imports and exports, influencing the pricing strategies of businesses engaged in international trade. Fluctuations in exchange rates can lead to increased costs for imported goods, which may be passed on to consumers, contributing to inflationary pressures. Secondly, the exchange rates impact remittances, a vital source of foreign exchange for Pakistan. With millions of Pakistanis working abroad, the value of remittances is closely tied to exchange rate movements. A stronger rupee can reduce the local currency value of remittances, affecting household incomes and spending power. Furthermore, the foreign exchange rates are a barometer of investor confidence in Pakistan’s economy. Stable and predictable exchange rates can attract foreign investment, while volatility may deter investors seeking stable returns. The NBP’s rates provide insights into market perceptions and economic conditions, influencing investment decisions. Lastly, these rates are crucial for policymakers and economists who analyze economic trends and formulate strategies to address macroeconomic challenges. Understanding exchange rate dynamics is essential for crafting effective monetary and fiscal policies that promote economic stability and growth. Key Takeaways The NBP released updated foreign exchange rates, impacting trade and financial planning. The US Dollar was listed at a TT selling rate of PKR 278.40 and a buying rate of PKR 277.90. Exchange rates influence import costs, remittances, and investor confidence in Pakistan. Stable exchange rates are vital for attracting foreign investment and economic growth. Policymakers use exchange rate data to address macroeconomic challenges. Source Attribution This article is based on official statements and public communications from the National 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: July 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.

SHANGHAI — Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja arrived in Shanghai, China, on Thursday to participate in the World Artificial Intelligence Conference (WAIC) 2026. The conference, which attracts global leaders in AI technology, serves as a platform for discussing advancements and collaborations in artificial intelligence. What Happened Minister Shaza Fatima Khawaja’s visit to China marks a significant engagement between Pakistan and the global AI community. The World Artificial Intelligence Conference, held annually in Shanghai, is a prestigious event that brings together experts, policymakers, and industry leaders from around the world to discuss the future of AI technology. This year, the conference is expected to cover a wide range of topics, including AI ethics, innovation, and international cooperation. During her visit, Minister Khawaja is scheduled to meet with several key stakeholders in the AI sector, including representatives from leading Chinese tech firms and international AI organizations. These meetings aim to foster partnerships and explore opportunities for collaboration in AI research and development. In her official statement, Minister Khawaja emphasized the importance of AI in driving economic growth and innovation in Pakistan, stating, “Our participation in WAIC 2026 underscores Pakistan’s commitment to embracing AI technology for sustainable development.” The conference also features a series of panel discussions and workshops where participants will delve into AI’s impact on various industries, including healthcare, finance, and education. Minister Khawaja is expected to highlight Pakistan’s initiatives in AI and the government’s efforts to create a conducive environment for tech innovation. Background Artificial intelligence has been rapidly evolving over the past decade, with countries around the world investing heavily in AI research and development. In Pakistan, the government has recognized the potential of AI to transform its economy and has initiated several programs to promote AI education and innovation. The Ministry of Information Technology and Telecommunication has been at the forefront of these efforts, working to integrate AI into various sectors to improve efficiency and productivity. Historically, Pakistan’s collaboration with China in technology and infrastructure has been strong, with both countries benefiting from shared expertise and resources. The China-Pakistan Economic Corridor (CPEC) has further solidified this partnership, providing a framework for cooperation in various technological domains, including AI. Why It Matters The participation of Pakistan’s IT minister in the World AI Conference is significant for several reasons. Economically, AI has the potential to revolutionize industries by automating processes, enhancing productivity, and creating new markets. For Pakistan, embracing AI technology could lead to substantial economic growth and job creation, especially in sectors like agriculture, manufacturing, and services. Socially, AI can improve the quality of life by providing solutions to complex problems in healthcare, education, and public administration. For instance, AI-driven healthcare solutions can improve diagnostic accuracy and patient care, while AI in education can offer personalized learning experiences to students across the country. Politically, engaging with international AI forums like WAIC positions Pakistan as a proactive player in the global tech landscape. It opens avenues for international collaboration, knowledge exchange, and investment, which are crucial for the country’s technological advancement and competitiveness on the global stage. Key Takeaways Federal Minister Shaza Fatima Khawaja is attending the World AI Conference in Shanghai, China. The conference is a major international event focusing on AI advancements and collaborations. Minister Khawaja aims to foster partnerships and explore AI development opportunities for Pakistan. AI holds significant economic, social, and political potential for Pakistan’s growth and innovation. Participation in international AI forums enhances Pakistan’s global tech presence and competitiveness. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 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.

KARACHI — The Exchange Rates Committee of the Financial Markets Association of Pakistan has released the latest foreign exchange forward cover rates, providing essential guidance for financial institutions and businesses engaging in international transactions. The bulletin, issued on Thursday, outlines the conversion rates applicable for July 16, 2026, with the State Bank of Pakistan (SBP) settlement value date set for July 20, 2026. What Happened The Financial Markets Association of Pakistan’s Exchange Rates Committee announced the forward cover conversion rates for various foreign currencies, including the US dollar (USD), British pound (GBP), euro (EUR), and Japanese yen (JPY). These rates are crucial for financial institutions and businesses that engage in foreign currency transactions, as they provide a benchmark for hedging against currency risk. According to the bulletin, the conversion rate for the US dollar is set at 277.9530, the British pound at 371.5676, the euro at 317.5335, and the Japanese yen at 1.7127. These rates exclude FE-25 deposits, which are specific foreign currency accounts maintained by banks in Pakistan. The release of these rates is a routine procedure aimed at ensuring transparency and stability in the foreign exchange market. By providing a standardized set of rates, the Exchange Rates Committee helps financial institutions manage their foreign exchange exposure and plan their transactions accordingly. Background Foreign exchange forward cover rates are a vital tool in international finance, allowing businesses and financial institutions to hedge against potential fluctuations in currency values. The Financial Markets Association of Pakistan, through its Exchange Rates Committee, regularly issues these rates to provide guidance on future currency transactions. The State Bank of Pakistan plays a significant role in regulating the country’s foreign exchange market, ensuring that it remains stable and efficient. The SBP’s policies and regulations are designed to facilitate smooth international trade and investment by providing a reliable framework for currency exchange. Historically, Pakistan’s foreign exchange market has faced challenges due to external economic pressures, including trade imbalances and fluctuations in global currency markets. The issuance of forward cover rates is one of the measures taken to mitigate these challenges and provide stability to the financial sector. Why It Matters The release of forward cover rates is significant for Pakistan’s economy, as it directly impacts the cost of imports and exports, influencing the country’s trade balance. By providing a predictable framework for currency exchange, these rates help businesses plan their financial strategies and manage risks associated with currency fluctuations. For the banking sector, forward cover rates are essential for managing foreign currency deposits and loans. Banks rely on these rates to set competitive pricing for their foreign exchange products, which in turn affects their profitability and ability to offer attractive services to clients. The broader economic implications of these rates are also noteworthy. A stable and transparent foreign exchange market can enhance investor confidence, attracting foreign investment and promoting economic growth. By reducing uncertainty in currency transactions, Pakistan can strengthen its position in the global market and improve its economic resilience. Furthermore, the forward cover rates play a crucial role in the government’s economic planning. Accurate and reliable exchange rate forecasts enable policymakers to make informed decisions regarding fiscal and monetary policies, ensuring that they align with the country’s economic objectives. Key Takeaways The Financial Markets Association of Pakistan issued new forward cover rates for major currencies. These rates are crucial for hedging against currency risk in international transactions. The rates provide stability and transparency in Pakistan’s foreign exchange market. They have significant implications for trade, banking, and economic policy. Stable foreign exchange rates can enhance investor confidence and economic growth. 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: July 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.

RAWALPINDI — Fatima Jinnah Women University (FJWU) has announced the introduction of new Bachelor of Science (BS) programs in Data Science, Fintech, and Forensic Science. This initiative aims to equip female students with skills that are increasingly in demand in the global job market. What Happened Fatima Jinnah Women University, located in Rawalpindi, has launched several new market-driven BS programs. The newly introduced courses include Data Science, Fintech, and Forensic Science, reflecting a strategic shift towards disciplines that are vital in today’s technology-driven economy. According to university officials, these programs are designed to provide female students with the necessary skills to excel in rapidly evolving industries. The decision to introduce these programs comes after the successful launch of the BS in Artificial Intelligence and Robotics in the previous academic year. This program reportedly received an enthusiastic response from students, prompting the university to expand its offerings in technology and science-related fields. Vice Chancellor of FJWU, Dr. Saima Hamid, stated, “Our objective is to prepare our students for the challenges of the modern world by offering courses that are aligned with current market demands.” She emphasized the importance of providing women with opportunities to excel in fields traditionally dominated by men, such as technology and finance. Background Fatima Jinnah Women University, established in 1998, is one of Pakistan’s leading institutions dedicated to women’s education. The university has consistently aimed to empower women by providing them with quality education and skills necessary for professional success. Over the years, FJWU has expanded its curriculum to include a variety of disciplines, reflecting changes in educational needs and economic trends. The introduction of these programs is part of a broader trend in Pakistani higher education institutions to align academic offerings with market needs. As industries increasingly rely on data analytics, financial technology, and forensic science, the demand for professionals in these fields has surged. Universities across the country are responding by updating their curricula to include specialized programs that cater to these growing sectors. Why It Matters The launch of these programs at FJWU is significant for several reasons. Firstly, it addresses the gender gap in STEM (Science, Technology, Engineering, and Mathematics) fields by providing women with more opportunities to pursue careers in these areas. Historically, women have been underrepresented in STEM, both globally and in Pakistan. By offering specialized programs, FJWU is helping to bridge this gap, empowering women to take on roles in high-demand sectors. Secondly, the focus on market-driven programs ensures that graduates are better prepared for the workforce. As Pakistan’s economy continues to develop, there is a growing need for skilled professionals in data science, fintech, and forensic science. These fields are not only critical to the country’s economic growth but also offer lucrative career opportunities for graduates. Furthermore, the introduction of these programs at a women’s university highlights the importance of inclusive education in driving social and economic change. By equipping women with the skills needed to succeed in modern industries, FJWU is contributing to the broader goal of gender equality and economic empowerment. Key Takeaways Fatima Jinnah Women University has launched new BS programs in Data Science, Fintech, and Forensic Science. The programs aim to equip female students with skills in high-demand fields. The initiative follows the successful introduction of the BS in AI and Robotics. These programs address the gender gap in STEM fields and prepare students for the workforce. FJWU’s efforts contribute to gender equality and economic empowerment in Pakistan. Source Attribution This article is based on official statements and public communications from Fatima Jinnah Women University. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 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.