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ISLAMABAD — Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, has called on the Pakistani diaspora in the United States to set aside political differences and unite under the “Pakistan First” initiative. The minister emphasized the importance of supporting Pakistan’s economic growth through innovation, technology, and exports during a recent address. What Happened On Thursday, Professor Ahsan Iqbal addressed members of the Pakistani community in the United States, urging them to rally behind efforts to transform Pakistan’s economy. He highlighted the critical role that technology and innovation, particularly in artificial intelligence (AI), can play in driving export-led growth. Iqbal stressed the need for the diaspora to contribute to these sectors, which he believes are pivotal for Pakistan’s future economic stability and prosperity. “We must rise above political differences and unite for the economic transformation of Pakistan,” Iqbal stated. He urged the diaspora to leverage their skills, networks, and resources to foster an environment conducive to technological advancement and export expansion. The minister’s call to action is part of a broader strategy to engage overseas Pakistanis in national development initiatives. Iqbal’s appeal comes at a time when Pakistan is seeking to enhance its global competitiveness by integrating cutting-edge technologies into its economic framework. He pointed out that the diaspora’s involvement is crucial in achieving the government’s vision of a technologically advanced and export-oriented economy. Background Historically, the Pakistani diaspora has played a significant role in the country’s economic development through remittances and investments. The government has often sought to engage overseas Pakistanis in various initiatives aimed at boosting economic growth and development. In recent years, there has been a concerted effort to tap into the expertise and resources of the diaspora to support sectors such as technology, innovation, and exports. Pakistan’s economy has faced numerous challenges, including a trade deficit and reliance on traditional industries. The government has recognized the need to diversify the economy by promoting sectors that can drive sustainable growth. The focus on AI and innovation aligns with global trends, as countries worldwide are investing heavily in these areas to enhance productivity and competitiveness. Why It Matters The involvement of the Pakistani diaspora in AI and export-led growth is of significant importance for several reasons. Economically, it can help bridge the technology gap and bring in much-needed expertise and investment. The diaspora’s participation can accelerate the adoption of AI technologies, which are essential for modernizing industries and improving efficiency. Socially, engaging the diaspora fosters a sense of national unity and pride, encouraging overseas Pakistanis to contribute to their homeland’s development. Politically, it demonstrates a commitment to inclusive growth by involving all stakeholders in national progress, regardless of political affiliations. Internationally, a focus on AI and innovation can enhance Pakistan’s standing as a competitive player in the global market. By prioritizing these sectors, Pakistan can attract foreign investment, create jobs, and improve its trade balance. The government’s outreach to the diaspora is a strategic move to harness the potential of overseas Pakistanis in achieving these goals. Key Takeaways Federal Minister Ahsan Iqbal calls on the US-based Pakistani diaspora to support economic growth through AI and exports. The initiative aims to unite overseas Pakistanis under the “Pakistan First” banner, transcending political differences. The government’s strategy focuses on leveraging technology and innovation to enhance global competitiveness. The diaspora’s involvement is crucial for bridging the technology gap and fostering economic stability. Engaging overseas Pakistanis can boost national unity and contribute to Pakistan’s international economic standing. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 09, 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 — President Asif Ali Zardari departed from Manas International Airport on Tuesday, concluding his official visit to the Kyrgyz Republic. Marlen Mamataliyev, Speaker of the Kyrgyz Parliament, was present to see off the President as he embarked on his journey back to Pakistan. What Happened President Asif Ali Zardari’s visit to the Kyrgyz Republic marked a significant diplomatic engagement aimed at enhancing bilateral relations between the two countries. During his stay, President Zardari held discussions with Kyrgyz officials on various matters of mutual interest, including trade, energy cooperation, and regional security. The visit included meetings with Kyrgyz President Sadyr Japarov and other key government officials. According to official sources, the discussions were fruitful, with both sides expressing a strong commitment to strengthening ties. President Zardari emphasized the importance of regional collaboration, particularly in the fields of trade and energy. He highlighted Pakistan’s interest in participating in regional energy projects, which could benefit both nations economically. One of the key outcomes of the visit was an agreement to enhance trade relations. The two countries agreed to explore opportunities for increasing bilateral trade volume, which currently stands at a modest level. President Zardari also invited Kyrgyz businesses to invest in Pakistan, offering incentives and assurances of a conducive business environment. Security cooperation was another critical topic during the discussions. Both countries face common security challenges, and President Zardari reiterated Pakistan’s commitment to working closely with Kyrgyzstan to address these issues. The leaders agreed to enhance intelligence sharing and collaborate on counter-terrorism efforts. Background Pakistan and the Kyrgyz Republic have maintained diplomatic relations since the early 1990s, following the dissolution of the Soviet Union. Over the years, both countries have sought to strengthen their ties through various bilateral agreements and high-level visits. The relationship is primarily driven by shared interests in regional stability and economic development. The Kyrgyz Republic, a landlocked country in Central Asia, has been a focus of Pakistan’s foreign policy due to its strategic location and potential for economic cooperation. In recent years, both nations have participated in regional forums such as the Shanghai Cooperation Organization (SCO) to address common challenges and explore collaborative opportunities. Why It Matters The visit of President Zardari to the Kyrgyz Republic holds significant implications for Pakistan’s foreign policy and regional diplomacy. Strengthening ties with Central Asian countries like Kyrgyzstan is crucial for Pakistan’s strategic interests, particularly in terms of energy security and trade diversification. Central Asia is rich in natural resources, and Pakistan’s engagement with the region can help address its energy needs. By participating in regional energy projects, Pakistan can secure alternative energy sources, reducing its reliance on traditional suppliers. This diversification is vital for ensuring long-term energy security and economic stability. Moreover, enhancing trade relations with Kyrgyzstan can open new markets for Pakistani goods, contributing to economic growth. The agreement to boost bilateral trade reflects Pakistan’s broader strategy to expand its trade network beyond traditional partners, thereby increasing its economic resilience. Security cooperation with Kyrgyzstan is also of paramount importance. Both countries face threats from terrorism and extremism, and collaborative efforts can enhance regional stability. By working together on security issues, Pakistan and Kyrgyzstan can contribute to a safer and more secure Central Asia, which aligns with Pakistan’s broader regional security objectives. Key Takeaways President Zardari concluded an official visit to the Kyrgyz Republic, focusing on enhancing bilateral relations. The visit included discussions on trade, energy cooperation, and regional security. An agreement was reached to increase bilateral trade and explore investment opportunities. Security cooperation was emphasized, with commitments to enhance intelligence sharing and counter-terrorism efforts. The visit aligns with Pakistan’s strategic interests in Central Asia, particularly in terms of energy security and trade diversification. 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 09, 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 — President Asif Ali Zardari departed from Manas International Airport in Kyrgyzstan on Tuesday, concluding his official visit to the Kyrgyz Republic. The President was seen off by Marlen Mamataliyev, Speaker of the Kyrgyz Parliament, marking the end of a diplomatic engagement aimed at strengthening bilateral ties. What Happened President Zardari’s visit to the Kyrgyz Republic involved high-level meetings aimed at enhancing cooperation between the two countries. During his stay, President Zardari engaged in discussions with Kyrgyz officials focusing on economic collaboration, regional security, and cultural exchange. The visit underscored Pakistan’s commitment to fostering stronger ties with Central Asian nations. As part of his itinerary, President Zardari met with Kyrgyz President Sadyr Japarov. The two leaders discussed various avenues for mutual cooperation, particularly in trade, energy, and education. “We are committed to expanding our partnership with Kyrgyzstan,” President Zardari stated during a joint press conference. The leaders signed several memoranda of understanding to facilitate future collaboration in these sectors. President Zardari also addressed a business forum attended by key stakeholders from both countries. He emphasized the potential for increased trade and investment, highlighting opportunities in sectors such as agriculture, textiles, and information technology. “Our economic partnership can be a driving force for regional stability and prosperity,” he remarked. Background Pakistan and the Kyrgyz Republic have shared diplomatic relations since the early 1990s, following the dissolution of the Soviet Union. Over the years, both countries have sought to enhance their bilateral ties through various initiatives and agreements. The current visit by President Zardari is part of a broader strategy to engage with Central Asian countries, which are seen as crucial partners in regional connectivity projects, such as the China-Pakistan Economic Corridor (CPEC) and the Central Asia Regional Economic Cooperation (CAREC) program. Historically, Pakistan has aimed to strengthen its ties with Central Asian states to diversify its economic partnerships and enhance regional security cooperation. This visit follows a series of diplomatic engagements by Pakistani leaders in the region, reflecting a sustained effort to build stronger economic and political alliances. Why It Matters The visit holds significant implications for Pakistan’s foreign policy and economic strategy. By engaging with Kyrgyzstan, Pakistan is not only looking to bolster bilateral trade but also to secure its position as a key player in regional connectivity initiatives. The agreements signed during the visit are expected to facilitate increased trade flows and investment, contributing to Pakistan’s economic growth. From a geopolitical perspective, strengthening ties with Kyrgyzstan can enhance Pakistan’s influence in Central Asia, a region of strategic importance due to its proximity to major powers such as China and Russia. Enhanced cooperation in areas like energy and infrastructure can also support Pakistan’s energy needs and infrastructure development goals. For the Kyrgyz Republic, the visit represents an opportunity to deepen economic ties with a key South Asian nation, potentially opening new markets for its exports and attracting Pakistani investment. The collaboration in education and cultural exchange can also foster greater people-to-people connections, enriching the bilateral relationship. Key Takeaways President Zardari concluded his official visit to the Kyrgyz Republic, focusing on strengthening bilateral ties. High-level meetings addressed economic collaboration, regional security, and cultural exchange. Several memoranda of understanding were signed to facilitate future cooperation in trade, energy, and education. The visit aligns with Pakistan’s strategy to enhance ties with Central Asian countries for regional connectivity. Strengthened relations with Kyrgyzstan could bolster Pakistan’s economic and geopolitical standing in the region. 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 09, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has decided to remove the Small and Medium Enterprises Development Authority (SMEDA) from the list of State-Owned Enterprises (SOEs). This decision, announced on Thursday, also includes a directive to the Petroleum Division to revise its proposal concerning exemptions from international financial reporting standards (IFRS) for certain energy sector SOEs. What Happened The CCoSOEs, in its recent meeting, took the significant step of delisting SMEDA from the roster of SOEs. The decision reflects a strategic move to streamline the list of entities considered as state-owned, potentially altering the operational and financial oversight mechanisms applicable to SMEDA. The committee also addressed the Petroleum Division’s proposal, which sought exemptions for specific energy sector SOEs from adhering to IFRS. The CCoSOEs instructed the division to reassess and modify its proposal to align with broader financial transparency and accountability goals. The decision to delist SMEDA is part of a broader governmental effort to redefine the scope and management of public sector enterprises. SMEDA, established to foster the growth of small and medium enterprises in Pakistan, will now operate outside the regulatory framework typically applied to SOEs. This change may impact its funding, governance, and operational strategies. In parallel, the directive to revise the IFRS exemption proposal underscores the government’s commitment to maintaining international financial standards. By revisiting the proposal, the CCoSOEs aims to ensure that any exemptions granted do not compromise the integrity and transparency of financial reporting within the energy sector. Background SMEDA was established in 1998 with the primary objective of promoting and facilitating the development of small and medium enterprises in Pakistan. As an SOE, it has been subject to specific regulatory and financial oversight designed to ensure accountability and efficient use of resources. The CCoSOEs, responsible for overseeing the performance and governance of SOEs, periodically reviews the list of entities classified under this category to ensure alignment with strategic national interests. International Financial Reporting Standards are globally recognized accounting standards that ensure transparency, accountability, and efficiency in financial markets. The Petroleum Division’s proposal for exemptions reflects the unique challenges faced by energy sector SOEs, which often operate under different financial and operational constraints compared to other industries. Why It Matters The removal of SMEDA from the SOE list is a pivotal development with several implications for the SME sector in Pakistan. By operating outside the SOE framework, SMEDA may gain greater flexibility in its operations, allowing it to adopt more innovative and responsive strategies to support SMEs. However, this also means that SMEDA will need to ensure robust internal governance to maintain transparency and accountability without the direct oversight typically provided to SOEs. For the energy sector, the revision of the IFRS exemption proposal is crucial. Adherence to international financial standards is vital for attracting foreign investment and maintaining investor confidence. By revisiting the proposal, the government signals its intent to uphold these standards, thereby enhancing the credibility and attractiveness of Pakistan’s energy sector to international investors. Overall, these decisions reflect a broader governmental strategy to optimize the management and performance of public sector entities, ensuring they contribute effectively to national economic goals while adhering to international best practices. Key Takeaways The CCoSOEs has removed SMEDA from the list of State-Owned Enterprises. The Petroleum Division is instructed to revise its IFRS exemption proposal for energy sector SOEs. SMEDA’s delisting may enhance its operational flexibility but requires strong internal governance. Revising the IFRS proposal underscores the importance of financial transparency in the energy sector. These decisions align with the government’s strategy to optimize public sector enterprise management. 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 09, 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.

WASHINGTON — Pakistan and the United States are engaged in negotiations over an ‘Agreement on Reciprocal Trade’ in Washington, D.C., taking place on Thursday and Friday. The discussions are being led by Secretary Commerce Jawad Paul, representing the Pakistani delegation, which includes key officials such as Tahir Andrabi, ACDIS Secretary OPHRD, Nadeem Chaudhary, and Joint Secretary Tariff Policy Ashfaq Khan. What Happened The negotiations between Pakistan and the United States focus on enhancing bilateral trade relations through the proposed ‘Agreement on Reciprocal Trade.’ This agreement aims to facilitate smoother trade exchanges by addressing tariff barriers, regulatory hurdles, and other impediments that currently affect trade between the two nations. The talks are being held in Washington, D.C., a strategic location for such high-level discussions, reflecting the importance both countries place on strengthening economic ties. Secretary Commerce Jawad Paul leads the Pakistani delegation, which includes senior officials from various departments. The U.S. side is represented by counterparts from the Department of Commerce and other relevant agencies. The discussions are expected to cover a range of issues, including market access, trade facilitation measures, and the potential for increased investment opportunities in both countries. According to a statement from the Foreign Office, the negotiations are part of ongoing efforts to build a more robust economic partnership. “These talks are crucial for addressing the challenges and opportunities in our trade relationship,” said a spokesperson for the Foreign Office. The discussions are anticipated to pave the way for a formal agreement that could significantly boost trade volumes between Pakistan and the United States. Background Historically, trade between Pakistan and the United States has been characterized by fluctuations due to various geopolitical and economic factors. The two countries have maintained a trade relationship for decades, with the U.S. being one of Pakistan’s largest trading partners. In recent years, efforts have been made to diversify the trade portfolio, moving beyond traditional exports such as textiles and garments to include sectors like information technology and agriculture. Previous attempts to formalize trade agreements have encountered challenges, often due to differing priorities and economic policies. However, recent geopolitical shifts and economic needs have prompted both nations to revisit and potentially revamp their trade agreements. The current negotiations are seen as a continuation of these efforts, aiming to establish a more predictable and mutually beneficial trade framework. Why It Matters The outcome of these negotiations holds significant implications for both Pakistan and the United States. For Pakistan, a successful trade agreement could lead to increased exports, job creation, and economic growth. The U.S. market presents substantial opportunities for Pakistani goods, and reducing trade barriers could enhance the competitiveness of Pakistani products. For the United States, strengthening trade ties with Pakistan aligns with broader strategic interests in the region. It also offers American businesses access to a growing market with significant potential for investment and expansion. Moreover, enhancing economic cooperation could serve as a stabilizing factor in the broader geopolitical context, fostering stronger bilateral relations. Economically, the agreement could contribute to Pakistan’s efforts to diversify its export base and reduce its trade deficit. Socially, increased trade could lead to job creation and improved living standards for many Pakistanis. Politically, a successful agreement could bolster the government’s standing by demonstrating its ability to secure favorable international deals. Key Takeaways Pakistan and the United States are negotiating an ‘Agreement on Reciprocal Trade’ in Washington, D.C. The talks aim to address trade barriers and enhance economic cooperation between the two countries. Secretary Commerce Jawad Paul leads the Pakistani delegation in these discussions. The agreement could significantly boost trade volumes and economic ties between Pakistan and the U.S. A successful deal could have positive economic, social, and political impacts 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 09, 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 — Five international hockey coaches are set to arrive in Pakistan to enhance the skills of national players and local coaches, according to Federal Secretary for Inter-Provincial Coordination (IPC), Mohyuddin Ahmad Wani. Additionally, the government is seeking Rs 6 billion to host the upcoming South Asian Games (SAF Games) in Islamabad and Lahore. What Happened During a press briefing on Thursday, Mohyuddin Ahmad Wani announced the arrival of five international hockey coaches who will work with Pakistan’s national team and local coaches. This initiative is part of a broader effort to elevate the standard of hockey in Pakistan, a sport that has historically been a source of national pride. The Secretary also disclosed that the government is actively seeking Rs 6 billion in funding to successfully organize the South Asian Games, scheduled to be held in Islamabad and Lahore. The SAF Games are a significant event in the regional sports calendar, and the funding is crucial to ensure that the facilities and logistics meet international standards. In a related development, the ban on Pakistan’s football activities has been lifted, which is expected to revitalize the sport in the country. The lifting of the ban is seen as a positive step towards re-engaging with international football bodies and improving the sport’s infrastructure domestically. Background Pakistan has a rich history in field hockey, having won numerous Olympic and World Cup titles in the past. However, in recent decades, the sport has seen a decline in performance and popularity. Efforts to revive hockey have included international collaborations and the hiring of foreign coaches to bring new techniques and strategies to the national team. The South Asian Games, held every two years, are a multi-sport event involving athletes from South Asian countries. Pakistan has previously hosted the games, with the last edition taking place in 2004. The upcoming games are seen as an opportunity to showcase Pakistan’s ability to host international sporting events and foster regional cooperation. Football in Pakistan has faced challenges, including administrative disputes and a lack of infrastructure, leading to a suspension by international football governing bodies. The recent lifting of the ban is a critical step towards rebuilding the sport and engaging with international competitions. Why It Matters The arrival of international hockey coaches is a significant development for Pakistan’s sports sector. It represents a strategic effort to reclaim the country’s former glory in field hockey by integrating international expertise into the training and development of players. This move is expected to enhance the competitiveness of the national team on the world stage. The Rs 6 billion funding request for the SAF Games underscores the importance of the event in promoting sports diplomacy and regional cooperation. Successfully hosting the games could boost Pakistan’s reputation as a capable host of international events, potentially attracting future opportunities and investments in the sports sector. The lifting of the football ban is a positive development for the sport in Pakistan. It opens avenues for international participation and collaboration, which could lead to improvements in infrastructure and talent development. This is crucial for engaging the youth in sports and promoting a healthier society. Key Takeaways Five international hockey coaches are arriving in Pakistan to train national players and coaches. The government is seeking Rs 6 billion to host the South Asian Games in Islamabad and Lahore. The ban on Pakistan’s football activities has been lifted, paving the way for international engagement. The initiatives are part of efforts to revive sports in Pakistan and improve international standing. Successful hosting of the SAF Games could enhance Pakistan’s reputation in the international sports community. 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 09, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Pakistan is actively seeking to strengthen its economic and financial relations with the United Kingdom, focusing on investment promotion, capital market cooperation, and financial services, according to Finance Minister Senator Muhammad Aurangzeb. On Wednesday, he outlined the government’s strategy to boost remittances and further the country’s economic diplomacy agenda. What Happened Finance Minister Senator Muhammad Aurangzeb announced on Wednesday that Pakistan is looking to deepen its economic ties with the United Kingdom. The minister highlighted several key areas where both nations could collaborate, including investment promotion, capital market cooperation, and financial services. “We are committed to advancing our economic diplomacy agenda and enhancing bilateral trade,” Aurangzeb stated, emphasizing the potential for mutual benefits. The government aims to create a conducive environment for UK investors in Pakistan, focusing on sectors such as energy, infrastructure, and technology. Aurangzeb noted that increasing remittances from the Pakistani diaspora in the UK is also a priority, as these funds play a crucial role in stabilizing Pakistan’s foreign exchange reserves. The Finance Minister expressed optimism about the potential for increased collaboration in financial services, which could lead to more robust economic growth for both countries. Furthermore, Aurangzeb discussed the importance of aligning Pakistan’s financial regulations with international standards to attract foreign investment. He highlighted ongoing efforts to streamline regulatory processes and enhance transparency in financial transactions, which are expected to build investor confidence. Background Pakistan and the United Kingdom have a long history of economic and diplomatic relations, dating back to the colonial era. In recent years, both countries have sought to enhance their bilateral trade ties. The UK is one of Pakistan’s largest trading partners in Europe, with bilateral trade exceeding £2 billion annually. The Pakistani government has been keen to attract more foreign direct investment (FDI) to boost its economy, which has faced challenges such as inflation, a high fiscal deficit, and a depreciating currency. In 2021, the UK launched the Developing Countries Trading Scheme (DCTS), which aims to provide developing countries, including Pakistan, with preferential access to UK markets. This initiative is part of the UK’s post-Brexit trade strategy to foster stronger economic links with non-EU countries. Why It Matters Strengthening economic ties with the UK is significant for Pakistan as it seeks to stabilize its economy amid ongoing challenges. The UK is a major source of remittances, which are vital for Pakistan’s foreign exchange reserves. By enhancing investment opportunities and expanding trade, Pakistan can improve its economic outlook and create jobs. For the UK, deepening economic engagement with Pakistan offers access to a growing market in South Asia. With a population exceeding 220 million, Pakistan presents opportunities for UK businesses in various sectors, including technology, agriculture, and manufacturing. Strengthening these ties could also enhance the UK’s influence in the region, particularly in the context of its post-Brexit trade strategy. Moreover, increased cooperation in financial services could lead to innovations in fintech and digital banking, benefiting consumers in both countries. Aligning financial regulations with international standards could make Pakistan a more attractive destination for UK investors, potentially leading to increased FDI and economic growth. Key Takeaways Pakistan is seeking to enhance economic and financial ties with the United Kingdom. Key focus areas include investment promotion, capital market cooperation, and financial services. Increasing remittances from the UK is a priority for Pakistan’s economic stability. Strengthened ties offer mutual benefits, including job creation and market access. Aligning financial regulations with international standards is crucial for attracting UK investment. 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 09, 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 Exchange Rates Committee of the Financial Markets Association of Pakistan released the latest foreign exchange rates bulletin on Thursday, detailing conversion rates effective for July 9, 2026. These rates are crucial for forward cover deposits, excluding FE-25 deposits, with the State Bank of Pakistan’s settlement value date set for July 13, 2026. What Happened The Financial Markets Association of Pakistan’s Exchange Rates Committee announced the conversion rates for several major currencies against the Pakistani Rupee. The rates are applicable for forward cover deposits, a financial instrument used by businesses and investors to hedge against currency risk. According to the bulletin, the conversion rate for the US dollar stands at 278.0425 PKR. The British pound is pegged at 371.6872 PKR, while the euro is valued at 317.6357 PKR. The Japanese yen is listed at 1.7132 PKR. The announcement of these rates is a routine procedure, yet it holds significant implications for businesses engaged in international trade and individuals involved in foreign currency transactions. The rates are determined by various factors, including market demand and supply, geopolitical developments, and economic indicators both domestically and internationally. These rates are particularly important for financial institutions and corporate entities that engage in forward contracts, which are agreements to buy or sell currency at a predetermined rate on a future date. Such contracts are essential for managing the risk associated with fluctuations in currency values. Background The Financial Markets Association of Pakistan is a key body in the country’s financial sector, responsible for providing guidance and setting benchmarks for various financial instruments, including foreign exchange rates. The association’s Exchange Rates Committee regularly issues bulletins to inform stakeholders about current and future exchange rates, which are critical for financial planning and risk management. Historically, Pakistan’s foreign exchange market has been influenced by a range of factors, including trade balances, foreign direct investment, remittances, and monetary policy decisions by the State Bank of Pakistan. Over the years, the Pakistani Rupee has experienced fluctuations due to both internal economic challenges and external pressures such as global oil prices and geopolitical tensions. Why It Matters The release of foreign exchange rates by the Financial Markets Association is a key event for Pakistan’s economy, impacting various sectors. For businesses engaged in import and export, these rates determine the cost of goods and services traded internationally. A higher exchange rate for the US dollar, for instance, can increase the cost of imports, affecting pricing strategies and profit margins. For the financial sector, these rates are crucial for the valuation of foreign currency reserves and the management of currency risk. Banks and financial institutions use these rates to offer competitive products to their clients, including foreign currency accounts and remittance services. On a broader scale, exchange rate fluctuations can influence inflation rates and economic growth. A depreciating currency can lead to higher import costs, contributing to inflationary pressures. Conversely, a stable or appreciating currency can enhance purchasing power and support economic stability. Internationally, Pakistan’s exchange rates are monitored by investors and credit rating agencies as indicators of economic health and stability. Consistent and transparent exchange rate policies can enhance investor confidence and attract foreign investment, which is vital for economic development. Key Takeaways The Financial Markets Association of Pakistan released foreign exchange rates for July 9, 2026. The US dollar is valued at 278.0425 PKR, the British pound at 371.6872 PKR, and the euro at 317.6357 PKR. These rates are crucial for businesses and financial institutions managing currency risk through forward contracts. Exchange rates impact import costs, inflation, and economic stability in Pakistan. Transparent exchange rate policies can enhance investor confidence and attract foreign investment. 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 09, 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 Balochistan International Think Tank (BITT) has announced the committee members for the ‘Heroes of Hazara, National Civil Award’ for the 2026/27 cycle. The announcement was made by BITT Chairman Awais Jadoon, highlighting the initiative’s focus on recognizing outstanding contributions from individuals in the Hazara region. What Happened The BITT Chairman, Awais Jadoon, revealed the names of the committee members responsible for selecting the recipients of the ‘Heroes of Hazara, National Civil Award.’ The committee comprises distinguished individuals from various sectors, ensuring a diverse and comprehensive evaluation process. The award aims to honor those who have made significant contributions to the social, cultural, and economic development of the Hazara region. Chairman Jadoon emphasized the importance of this award in acknowledging the efforts of individuals who have worked tirelessly for the betterment of their communities. He stated, “The Heroes of Hazara award is a testament to the incredible work being done by individuals in the region. It is our duty to recognize and celebrate their achievements.” The committee will be tasked with reviewing nominations and selecting awardees based on their impact and contributions. The selection process is expected to be rigorous, with a focus on transparency and fairness. The award ceremony is scheduled to take place in early 2027, where the selected heroes will be honored for their achievements. Background The ‘Heroes of Hazara, National Civil Award’ was established to recognize and honor individuals who have made significant contributions to the Hazara region of Pakistan. The initiative is part of a broader effort by the BITT to promote development and highlight positive stories from the area. The Hazara region, known for its rich cultural heritage and diverse communities, has faced numerous challenges over the years, including socio-economic issues and security concerns. Historically, the region has been home to various ethnic groups, each contributing to its unique cultural tapestry. The award seeks to bring attention to the positive impact of these communities and encourage further development initiatives. Why It Matters The announcement of the committee members for the ‘Heroes of Hazara, National Civil Award’ holds significant importance for several reasons. Firstly, it underscores the need to recognize and celebrate the contributions of individuals who have worked towards the betterment of the Hazara region. Such recognition can inspire others to engage in community service and development activities. Economically, the award can draw attention to the potential of the Hazara region, encouraging investment and development projects. By highlighting success stories, the BITT aims to change the narrative around the region, showcasing it as a place of opportunity and growth. Socially, the award promotes unity and collaboration among the diverse communities within Hazara. By recognizing heroes from different backgrounds, the initiative fosters a sense of pride and belonging among the residents, contributing to social cohesion. On a broader scale, the award aligns with Pakistan’s national goals of promoting regional development and reducing disparities. It serves as a model for other regions, demonstrating the impact of recognizing and supporting local heroes in driving positive change. Key Takeaways The BITT has announced the committee members for the ‘Heroes of Hazara, National Civil Award’ for 2026/27. The award aims to honor individuals who have significantly contributed to the Hazara region’s development. The selection process will be rigorous, focusing on transparency and fairness. The initiative highlights the potential for economic and social development in the Hazara region. The award promotes unity and collaboration among the diverse communities within Hazara. Source Attribution This article is based on official statements and public communications from the Balochistan International Think Tank. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: July 09, 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.

UNITED NATIONS — Pakistan’s Interior Minister Mohsin Naqvi called for enhanced international cooperation to tackle cross-border threats and terrorism during his address at the United Nations Chiefs of Police Summit (UNCOPS-2026) on Wednesday. Speaking at the iconic General Assembly Hall, Naqvi emphasized the need for member states to collaborate in addressing common security challenges that affect nations globally. What Happened During the UNCOPS-2026 summit, Interior Minister Mohsin Naqvi highlighted the pressing need for global cooperation to combat a range of transnational threats. He identified terrorism, organized crime, cybercrime, drug trafficking, human smuggling, and money laundering as significant challenges that no country can tackle alone. “These threats affect all of us; no country is safe from them, and no country can deal with them alone,” Naqvi stated, underscoring the importance of international collaboration. Naqvi urged the international community to build stronger partnerships among law enforcement agencies, share information swiftly, and trust one another to address these challenges effectively. He stressed the rapid evolution of technology and its misuse by criminals, advocating for the use of modern technology to counteract criminal activities. “We must also use modern technology to prevent them,” he said. The Interior Minister called for improving the skills of police officers, enhancing their training, and fostering innovation to better equip them in the fight against crime. He expressed hope that the summit would facilitate open, practical, and solution-oriented discussions among experienced leaders from around the world. “Let us share ideas that have worked, learn from each other’s successes, and find new ways to work together,” Naqvi urged. Background The United Nations Chiefs of Police Summit serves as a platform for police leaders worldwide to discuss strategies for enhancing international cooperation against transnational challenges. The summit aligns with the UN’s broader mandate to promote peace and security, providing a venue for member states to collaborate on global security issues. Pakistan has consistently advocated for international cooperation in combating terrorism and organized crime, given its own experiences with these challenges. The country has been actively involved in various UN initiatives aimed at strengthening global security frameworks and has often highlighted the importance of collective action in addressing security threats. Why It Matters The call for enhanced international cooperation is significant as it reflects the growing recognition of transnational threats that transcend borders and require a collective response. For Pakistan, a country that has faced its share of security challenges, this cooperation is crucial for ensuring national and regional stability. Economically, cross-border threats such as terrorism and organized crime can have detrimental effects on trade, investment, and tourism, impacting Pakistan’s economic growth. Socially, these threats pose risks to public safety and can lead to human rights violations, affecting the well-being of citizens. Politically, Pakistan’s stance at the UN summit underscores its commitment to global peace and security, potentially enhancing its diplomatic relations and standing within the international community. By advocating for cooperation, Pakistan positions itself as a proactive member of the global community, seeking to contribute to international security solutions. Key Takeaways Pakistan’s Interior Minister Mohsin Naqvi called for global cooperation against cross-border threats at the UN Chiefs of Police Summit. Naqvi identified terrorism, organized crime, cybercrime, drug trafficking, human smuggling, and money laundering as key challenges. He emphasized the need for stronger partnerships, information sharing, and the use of modern technology to combat crime. The summit provides a platform for international collaboration on security issues, aligning with the UN’s peace and security mandate. Pakistan’s call for cooperation reflects its commitment to global security and has implications for its economic, social, and political landscape. 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 09, 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.