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LAHORE — European Union (EU) Ambassador Raimundas Karoblis engaged in detailed discussions with the leadership of the All Pakistan Textile Mills Association (APTMA) on September 18, focusing on strategies to extend the Generalised Scheme of Preferences Plus (GSP Plus) beyond 2027. The meeting took place at the APTMA House, where the Ambassador was accompanied by Mr. Kert Ajamaa, First Secretary, and Mr. Theis Munksgaard-Hansen, Manager Development Cooperation. What Happened During the meeting, Ambassador Karoblis and APTMA officials explored various strategies to ensure the continuation of the GSP Plus status, which is crucial for Pakistan’s textile exports to the EU. The GSP Plus scheme provides preferential access to the EU market by reducing tariffs, thereby enhancing the competitiveness of Pakistani textiles. The discussions were aimed at addressing the challenges and requirements for the extension of this trade arrangement. APTMA representatives highlighted the importance of the GSP Plus status, noting that it significantly contributes to the economic stability of Pakistan’s textile sector, which is a major source of employment and foreign exchange earnings. They emphasized the need for compliance with EU regulations and standards to secure the extension of the scheme. Ambassador Karoblis acknowledged Pakistan’s efforts in meeting the EU’s criteria for the GSP Plus status, which includes adherence to international conventions on human rights, labor rights, environmental protection, and good governance. He expressed the EU’s willingness to support Pakistan in its endeavors to fulfill these obligations, ensuring a mutually beneficial trade relationship. Background The GSP Plus is a special incentive arrangement for sustainable development and good governance, which allows vulnerable developing countries to pay fewer or no duties on their exports to the EU. Pakistan has been a beneficiary of the GSP Plus status since 2014, which has played a pivotal role in boosting its textile exports to the EU market. The scheme is set to expire in 2027, prompting discussions on its extension. Historically, Pakistan has faced challenges in maintaining compliance with the EU’s stringent requirements, which include 27 international conventions. The country has made significant progress in areas such as labor rights and environmental standards, but continuous efforts are needed to address remaining gaps. Why It Matters The extension of the GSP Plus status is of paramount importance to Pakistan’s economy, particularly its textile industry, which constitutes a significant portion of the country’s exports. The preferential access to the EU market enables Pakistani textile products to compete effectively against those from other countries, thereby sustaining jobs and contributing to economic growth. For the EU, maintaining trade relations with Pakistan under the GSP Plus framework supports its broader objectives of promoting sustainable development and good governance in partner countries. The scheme not only facilitates trade but also encourages compliance with international standards, which is aligned with the EU’s global trade policies. The potential extension of the GSP Plus status also holds geopolitical significance, as it strengthens bilateral relations between Pakistan and the EU. It provides a platform for dialogue on various issues, including human rights, environmental protection, and economic cooperation, thereby fostering a comprehensive partnership. Key Takeaways EU Ambassador Raimundas Karoblis met with APTMA leaders to discuss extending the GSP Plus status beyond 2027. The GSP Plus scheme is crucial for Pakistan’s textile exports, providing tariff reductions in the EU market. Compliance with EU regulations on human rights and environmental standards is essential for the scheme’s extension. The GSP Plus extension is vital for Pakistan’s economic stability and employment in the textile sector. The discussions reflect the EU’s commitment to supporting sustainable development and good governance in Pakistan. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 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 — Abdul Rehman, a rising star in Pakistan’s hockey scene, has been awarded the FIH Poligras Magic Skill Award, marking a significant achievement in his burgeoning career. The accolade was announced following a global vote by hockey enthusiasts after the conclusion of the FIH Hockey World Cup 2026, held in Belgium and the Netherlands. What Happened Abdul Rehman emerged victorious in the men’s category of the FIH Poligras Magic Skill Award, securing 44 percent of the votes. This award is a testament to his exceptional 3D skills, which captivated fans and experts alike during the tournament. The voting process was open to hockey fans worldwide, highlighting the global recognition of Rehman’s talent. The FIH Hockey World Cup 2026, hosted by Belgium and the Netherlands, served as a platform for Rehman to showcase his skills on an international stage. His performance was characterized by agility, precision, and creativity, which are essential components of 3D hockey skills. These skills involve maneuvering the ball in three dimensions, requiring not only technical prowess but also strategic acumen. Rehman’s achievement is particularly noteworthy given the competitive nature of the award, which draws nominations from top players globally. His success in securing the award underscores his potential to become a leading figure in international hockey. Background The Poligras Magic Skill Award is part of the International Hockey Federation’s (FIH) efforts to recognize and celebrate extraordinary talent in the sport. The award specifically acknowledges players who demonstrate exceptional skill and creativity, particularly in executing complex maneuvers that enhance the game’s entertainment value. Pakistan has a rich history in field hockey, having won numerous Olympic and World Cup titles in the past. However, in recent years, the national team has struggled to maintain its dominance on the world stage. The emergence of players like Abdul Rehman offers hope for a revival of Pakistan’s hockey fortunes. Historically, the FIH Hockey World Cup has been a crucial event for showcasing talent and fostering international competition. The 2026 edition in Belgium and the Netherlands continued this tradition, providing a platform for players to demonstrate their skills and for fans to engage with the sport on a global level. Why It Matters Abdul Rehman’s recognition through the Poligras Magic Skill Award is significant for several reasons. Economically, it highlights the potential for sports to contribute to Pakistan’s international image and soft power. As a sportsperson gaining international acclaim, Rehman serves as an ambassador for Pakistan, showcasing the nation’s talent and potential. Socially, Rehman’s achievement can inspire young athletes across Pakistan, encouraging them to pursue sports as a viable career path. In a country where cricket often overshadows other sports, such recognition in hockey can diversify the sporting interests and aspirations of the youth. Politically, Rehman’s success can be leveraged to foster greater support and investment in sports infrastructure and development programs. It underscores the need for policies that support the nurturing of talent from a young age, ensuring that athletes have the resources and opportunities to excel on international platforms. Internationally, Rehman’s award enhances Pakistan’s reputation in the global sports community. It demonstrates the country’s ability to produce world-class athletes capable of competing at the highest levels, thereby strengthening its position in international sports diplomacy. Key Takeaways Abdul Rehman won the FIH Poligras Magic Skill Award with 44 percent of the global vote. The award recognizes exceptional 3D hockey skills demonstrated during the FIH Hockey World Cup 2026. Rehman’s achievement highlights Pakistan’s potential in international hockey. The award can inspire young athletes in Pakistan to pursue careers in sports. Rehman’s success underscores the importance of investment in sports development in Pakistan. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 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 — Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar chaired the second meeting of the committee on Power Sector Reforms on Friday. The meeting focused on enhancing regulatory independence and effectiveness amidst ongoing privatisation efforts, with an emphasis on safeguarding consumer interests. What Happened The meeting, held in Islamabad, was part of the government’s ongoing efforts to address challenges within Pakistan’s power sector. The committee, formed by the Prime Minister, is tasked with devising strategies to improve the sector’s efficiency and reliability. During the session, members discussed various measures aimed at strengthening the regulatory framework governing the power sector. According to official sources, the committee deliberated on recommendations to enhance the autonomy of regulatory bodies, ensuring they can operate without undue influence. This step is seen as crucial for implementing effective reforms and attracting private investment. The committee also examined the progress of current privatisation initiatives, assessing their impact on service delivery and consumer protection. Senator Dar emphasized the importance of a balanced approach that aligns privatisation with public interest. “Our priority is to ensure that reforms lead to better services for consumers while maintaining a fair and competitive market,” he stated. The committee agreed on a set of recommendations to be presented to the Prime Minister for further consideration. Background Pakistan’s power sector has long been plagued by inefficiencies, with issues such as load shedding, high transmission losses, and circular debt posing significant challenges. The government has initiated several reform programs over the years, aiming to address these systemic problems and improve the sector’s overall performance. The current reform agenda includes privatisation of state-owned power entities, a move intended to enhance operational efficiency and reduce fiscal burdens on the government. However, these efforts have faced resistance due to concerns over job losses and potential increases in electricity tariffs. Regulatory independence has been a focal point in these reforms, as it is deemed essential for creating a transparent and accountable power sector. The National Electric Power Regulatory Authority (NEPRA) plays a key role in this framework, overseeing tariff settings and ensuring compliance with industry standards. Why It Matters The power sector is a critical component of Pakistan’s economic infrastructure, impacting industries, businesses, and households nationwide. Effective reforms could lead to more reliable electricity supply, fostering economic growth and improving quality of life for citizens. Conversely, failure to address these issues could exacerbate economic challenges and hinder development. Privatisation, while controversial, is viewed by some experts as a necessary step towards modernising the sector. By introducing competition and private capital, the government hopes to drive innovation and efficiency. However, ensuring that these changes benefit consumers requires robust regulatory oversight, which is why the committee’s focus on regulatory independence is significant. International investors are closely watching Pakistan’s reform efforts, as successful implementation could open new opportunities for foreign direct investment. This is particularly important as the country seeks to strengthen its economic ties globally and attract much-needed capital inflows. Key Takeaways The committee on Power Sector Reforms, chaired by Deputy Prime Minister Mohammad Ishaq Dar, held its second meeting in Islamabad. The focus of the meeting was on enhancing regulatory independence and effectiveness amid ongoing privatisation efforts. Recommendations were made to improve the autonomy of regulatory bodies and protect consumer interests. Privatisation of the power sector is part of broader efforts to improve efficiency and service delivery in Pakistan. Effective reforms in the power sector are crucial for economic growth and attracting 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: September 18, 2026  |  Source: Press Release from Government of Pakistan This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry met with Chairman Senate Syed Yousaf Raza Gilani on Friday to discuss the enhancement of coordination between the Senate and the Ministry of Parliamentary Affairs. The meeting, held in Islamabad, focused on improving legislative processes and strengthening the relationship between the two entities. What Happened During the meeting, both Gilani and Chaudhry emphasized the importance of effective communication and coordination between the Upper House of Parliament and the Ministry of Parliamentary Affairs. They discussed various strategies to streamline legislative processes and ensure that parliamentary affairs are conducted efficiently. According to official sources, the discussions also touched upon mutual interests and how both parties could work together to address challenges faced in the legislative domain. Chairman Senate Gilani highlighted the need for a robust framework that facilitates smooth interactions between the Senate and the ministry. He stated, “Our goal is to ensure that the legislative process is transparent and efficient, enabling us to serve the people of Pakistan better.” Minister Chaudhry echoed these sentiments, noting that improved coordination would lead to more effective governance and policy implementation. The meeting concluded with both parties agreeing to continue their dialogue and explore further avenues for collaboration. They also committed to holding regular meetings to review progress and address any emerging issues promptly. Background The Senate of Pakistan, also known as the Upper House, plays a crucial role in the country’s legislative process. It is responsible for reviewing and approving legislation passed by the National Assembly, ensuring that all laws align with the Constitution and serve the public interest. The Ministry of Parliamentary Affairs, on the other hand, is tasked with managing the government’s legislative agenda and facilitating communication between different branches of government. Historically, coordination between the Senate and the Ministry has been essential for maintaining a balanced and effective legislative process. Previous efforts to enhance this coordination have included the establishment of joint committees and regular consultation meetings. These measures aim to address any discrepancies and ensure that both entities work towards common goals. Why It Matters The effective coordination between the Senate and the Ministry of Parliamentary Affairs is vital for the smooth functioning of Pakistan’s legislative framework. By improving communication and collaboration, both entities can ensure that laws are enacted efficiently and reflect the needs of the populace. This is particularly important in a country like Pakistan, where legislative delays can have significant economic and social repercussions. For citizens, enhanced coordination means that their concerns and needs are more likely to be addressed in a timely manner. It also ensures that the government can respond swiftly to emerging challenges, such as economic crises or public health emergencies. On a broader scale, effective legislative processes contribute to political stability and public trust in government institutions. Internationally, a well-coordinated legislative framework can enhance Pakistan’s reputation as a stable and reliable partner. It can also attract foreign investment by demonstrating that the country has a robust legal system capable of supporting economic growth and development. Key Takeaways Federal Minister Tariq Fazal Chaudhry and Chairman Senate Syed Yousaf Raza Gilani discussed improving coordination between the Senate and the Ministry of Parliamentary Affairs. The meeting focused on enhancing legislative processes and ensuring effective communication between the two entities. Both parties agreed to continue their dialogue and explore further avenues for collaboration. Effective coordination is crucial for timely and efficient legislative processes, impacting economic and social stability. Improved legislative coordination can enhance Pakistan’s international reputation 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: September 18, 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.

UNITED NATIONS — Pakistan has raised concerns at the United Nations regarding the potential economic consequences stemming from disruptions in key Middle Eastern trade routes. On September 18, a senior Pakistani diplomat emphasized the critical importance of maintaining maritime safety and security, particularly in the Strait of Hormuz and Bab-Al-Mandab, which are vital for global commerce. What Happened During a session at the United Nations, Pakistan’s representative underscored the grave implications that disruptions in the Strait of Hormuz and Bab-Al-Mandab could have on international trade. These strategic chokepoints are essential for the transit of oil and goods, and any instability could severely impact global supply chains. The diplomat stated, “It is our principled position that global shipping should not become a casualty of geopolitical tensions.” This statement highlights Pakistan’s stance on the need for uninterrupted maritime trade routes. The Strait of Hormuz is a narrow passage connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea. It is one of the world’s most significant oil transit chokepoints, with approximately 20% of global petroleum passing through it. Similarly, Bab-Al-Mandab serves as a critical link between the Arabian Sea and the Red Sea, facilitating trade between Europe, Asia, and Africa. Any disruption in these areas could lead to significant economic repercussions globally. Background Historically, the Strait of Hormuz and Bab-Al-Mandab have been focal points of geopolitical tensions. The Strait of Hormuz has witnessed numerous incidents, including attacks on oil tankers and military confrontations, primarily due to regional conflicts involving Iran and neighboring Gulf states. Bab-Al-Mandab, situated near Yemen, has also been affected by the ongoing conflict in the region, posing risks to commercial shipping. International efforts have been made to ensure the safety of these maritime routes. The United Nations and various countries have called for peaceful resolutions to conflicts and have emphasized the importance of maintaining freedom of navigation in these waters. However, the persistent instability in the Middle East continues to pose challenges to these efforts. Why It Matters The economic implications of disruptions in the Strait of Hormuz and Bab-Al-Mandab are profound. These chokepoints are not only vital for the transportation of oil but also for the movement of goods, including food and raw materials. Any interruption in these routes could lead to increased shipping costs, delays in delivery, and a rise in global oil prices, affecting economies worldwide. For Pakistan, a country heavily reliant on imported oil, any increase in oil prices could exacerbate its economic challenges. Higher oil prices would lead to increased costs of goods and services, inflation, and a strain on the national budget. This scenario could have a ripple effect on the country’s economic stability and growth prospects. Furthermore, the stability of these trade routes is crucial for maintaining global economic balance. Disruptions could lead to economic slowdowns in major economies, impacting international trade and investment. The interconnectedness of global markets means that instability in one region can have far-reaching consequences, affecting countries far removed from the immediate conflict zones. Key Takeaways Pakistan has highlighted the economic risks of disruptions in the Strait of Hormuz and Bab-Al-Mandab at the United Nations. These strategic chokepoints are vital for global oil and goods transit, with significant implications for international trade. Historical geopolitical tensions in these regions pose ongoing risks to maritime security and global supply chains. Disruptions could lead to increased shipping costs, higher oil prices, and economic instability worldwide. Pakistan’s economy, reliant on imported oil, could face severe challenges if these trade routes are compromised. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

ISLAMABAD — Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday detailed Pakistan’s economic achievements and future priorities at the JP Morgan Conference. The event, held virtually, served as a platform for the minister to discuss the nation’s efforts in stabilizing its macroeconomic environment and its strategic focus on fostering investment, capital formation, exports, and private sector-led growth. What Happened During his address at the JP Morgan Conference, Finance Minister Aurangzeb emphasized the significant strides Pakistan has made in restoring macroeconomic stability. He highlighted the government’s commitment to creating a conducive environment for investment and economic growth. “Our focus is on sustainable economic policies that encourage private sector participation and enhance export capabilities,” Aurangzeb stated. The minister underscored the importance of structural reforms and fiscal discipline in achieving these objectives. He pointed out that the government has implemented measures to enhance revenue collection, streamline expenditures, and improve the overall fiscal framework. These efforts, according to Aurangzeb, are crucial for maintaining economic stability and fostering long-term growth. Aurangzeb also discussed the government’s initiatives to boost capital formation and attract foreign direct investment (FDI). He noted that Pakistan is actively working to improve its ease of doing business rankings and has introduced several policy measures to facilitate both domestic and international investors. In addition, the minister highlighted the importance of export-led growth as a pillar of Pakistan’s economic strategy. He mentioned that the government is focusing on diversifying export markets and products to enhance the country’s trade balance and economic resilience. Background Pakistan has faced significant economic challenges in recent years, including fiscal deficits, inflation, and external debt pressures. The government has been working to address these issues through a series of economic reforms aimed at stabilizing the economy and promoting growth. These reforms have included measures to improve tax collection, reduce subsidies, and enhance the regulatory environment for businesses. Historically, Pakistan’s economy has been characterized by a reliance on agriculture and textiles, with limited diversification. However, recent policy shifts have aimed to broaden the economic base by encouraging investment in sectors such as technology, manufacturing, and services. Why It Matters The economic progress outlined by Minister Aurangzeb is significant for several reasons. Firstly, restoring macroeconomic stability is essential for attracting investment and fostering economic growth. By creating a stable economic environment, Pakistan can attract both domestic and international investors, which is crucial for job creation and economic development. Secondly, the focus on private sector-led growth is a strategic shift that could lead to more sustainable economic development. By empowering the private sector, the government can leverage the innovation and efficiency of businesses to drive economic growth and development. Furthermore, enhancing export capabilities is vital for improving Pakistan’s trade balance and reducing its reliance on external borrowing. By diversifying export markets and products, Pakistan can increase its foreign exchange earnings and strengthen its economic resilience. Internationally, Pakistan’s economic progress and reforms can enhance its standing as a viable investment destination, potentially leading to increased FDI inflows. This can contribute to economic growth and development, benefiting the broader population through job creation and improved living standards. Key Takeaways Finance Minister Aurangzeb highlighted Pakistan’s economic progress at the JP Morgan Conference. The government is focused on investment, capital formation, exports, and private sector-led growth. Structural reforms and fiscal discipline are key to maintaining macroeconomic stability. Efforts are underway to improve ease of doing business and attract foreign direct investment. Diversifying export markets is a priority to enhance economic resilience. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 2026  |  Source: NEN Reporter This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

FAISALABAD — A female student from Government College University Faisalabad (GCUF) emerged victorious in the 10-kilometre race held during the university’s International Sports Day celebrations. The event, which took place on the university campus, was part of a series of activities designed to promote physical fitness and international camaraderie among students. What Happened The International Sports Day at GCUF saw enthusiastic participation from students across various disciplines. Among the highlights was the 10-kilometre race, which attracted numerous competitors eager to showcase their athletic prowess. The female student, whose name has not been disclosed, crossed the finish line ahead of her peers, securing a commendable victory. Her achievement was met with applause from fellow students and faculty members present at the event. The race was part of a broader initiative by the university to encourage sports and physical activities among students. The event featured a variety of sports, including track and field events, team sports, and individual competitions. The university administration emphasized the importance of such events in fostering a spirit of healthy competition and teamwork among students from diverse backgrounds. Speaking at the event, a university spokesperson highlighted the significance of International Sports Day, stating, “This day is not just about competition; it’s about bringing students together and promoting a healthy lifestyle. We are proud of our students’ achievements and their enthusiasm for sports.” Background International Sports Day is celebrated worldwide to promote sports and physical education as a means to improve health and well-being. It aligns with the United Nations’ efforts to use sports as a tool for development and peace. Educational institutions like GCUF often organize events to mark this day, aiming to engage students in physical activities and highlight the benefits of an active lifestyle. GCUF has a history of encouraging sports and extracurricular activities as part of its educational framework. The university regularly hosts sports events and competitions, providing students with opportunities to excel outside the academic realm. These initiatives are in line with national policies that advocate for the inclusion of sports in educational curricula to enhance students’ physical and mental development. Why It Matters The success of the female student in the 10-kilometre race underscores the growing participation of women in sports within Pakistan, a trend that reflects broader societal changes. Women’s involvement in sports has been steadily increasing, supported by governmental and institutional efforts to provide equal opportunities and resources. Such events are crucial in challenging traditional gender roles and empowering women to pursue their interests in various fields, including athletics. The visibility of female athletes in competitive sports can inspire young girls across the country, promoting gender equality and encouraging them to engage in sports. Moreover, the emphasis on sports within educational institutions like GCUF contributes to the overall development of students. Physical activities are known to improve mental health, reduce stress, and enhance academic performance. By integrating sports into the educational experience, universities can produce well-rounded individuals equipped with the skills necessary for personal and professional success. On a broader scale, promoting sports and physical education aligns with Pakistan’s national health objectives. Encouraging an active lifestyle can help combat non-communicable diseases, which are on the rise due to sedentary lifestyles and poor dietary habits. Events like International Sports Day play a vital role in raising awareness and motivating individuals to adopt healthier lifestyles. Key Takeaways A female student from GCUF won the 10-kilometre race during International Sports Day. The event aimed to promote physical fitness and international camaraderie among students. International Sports Day aligns with global efforts to use sports for development and peace. The participation of women in sports is increasing, reflecting societal changes in Pakistan. Sports in education contribute to students’ physical, mental, and academic development. Source Attribution This article is based on official statements and public communications from Government College University Faisalabad. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 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.

LONDON — Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Governor State Bank of Pakistan, Jameel Ahmad, participated in the J.P. Morgan Emerging and Frontier Markets Opportunities Conference in London. The event, held on September 18, 2023, provided a platform for Pakistani officials to engage with international investors and discuss the country’s economic trajectory. What Happened During the conference, Senator Aurangzeb addressed a session titled “Fireside Chat: Pakistan: External Shocks Remain Manageable.” He emphasized Pakistan’s economic transition from stabilization to a focus on investment, capital formation, and private sector-led growth. The session was attended by key stakeholders from various global financial institutions, providing an opportunity for Pakistan to showcase its economic policies and future plans. Senator Aurangzeb highlighted the resilience of Pakistan’s economy in the face of external shocks, stating, “We have managed to stabilize our economy despite numerous challenges, and now we are moving towards a phase of sustainable growth driven by investments and private sector initiatives.” He further elaborated on the government’s efforts to create a conducive environment for foreign investment, underscoring the importance of regulatory reforms and infrastructure development. Governor Jameel Ahmad also contributed to the discussion by outlining the State Bank of Pakistan’s monetary policies aimed at supporting economic growth. He detailed measures taken to control inflation and stabilize the currency, which are crucial for maintaining investor confidence. “Our monetary policies are aligned with the government’s vision of economic growth, ensuring that we provide a stable macroeconomic environment for investors,” Ahmad stated. The conference served as a crucial networking opportunity, allowing the Pakistani delegation to engage directly with potential investors and financial experts. The discussions focused on the potential for growth in sectors such as technology, energy, and agriculture, which are seen as key drivers of Pakistan’s economic future. Background Pakistan’s economy has faced significant challenges in recent years, including political instability, security concerns, and external economic shocks. The government has been working on a series of economic reforms aimed at stabilizing the economy and attracting foreign investment. These reforms include improving the ease of doing business, enhancing regulatory frameworks, and investing in infrastructure projects. The J.P. Morgan Emerging and Frontier Markets Opportunities Conference is an annual event that brings together policymakers, investors, and financial experts to discuss opportunities in emerging markets. Pakistan’s participation in this conference is part of its broader strategy to engage with the international community and attract foreign direct investment. Why It Matters The participation of Pakistan’s top financial officials in the London conference is significant for several reasons. Economically, it signals Pakistan’s commitment to integrating with the global financial system and attracting foreign investment, which is crucial for economic growth and development. The government’s focus on transitioning from stabilization to growth reflects a strategic shift towards long-term economic planning. Socially, the emphasis on private sector-led growth and investment can lead to job creation and improved living standards for the Pakistani population. By fostering an environment conducive to business and investment, Pakistan aims to reduce unemployment and poverty levels, contributing to social stability. Politically, engaging with international investors and financial institutions helps strengthen Pakistan’s global standing and fosters bilateral relationships. This engagement is essential for securing international support and collaboration, which can aid in addressing domestic challenges. Internationally, Pakistan’s proactive approach in forums like the J.P. Morgan conference helps build confidence among investors, showcasing the country’s potential as a viable investment destination. It also reinforces the narrative that Pakistan is open for business and ready to participate actively in the global economy. Key Takeaways Pakistan’s finance minister and central bank governor participated in a major financial conference in London. The focus was on Pakistan’s economic transition from stabilization to investment and growth. Officials highlighted regulatory reforms and infrastructure development as key to attracting foreign investment. The conference provided a platform for networking with international investors and financial experts. Pakistan’s engagement in global financial forums aims to boost 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: September 18, 2026  |  Source: Press Release from State Bank of Pakistan (SBP) This article was produced by the NEN Editorial Desk in accordance with NEN Agency’s Editorial Policy and Fact-Checking Policy.

KARACHI — The Financial Markets Association of Pakistan’s Exchange Rates Committee has released the latest foreign exchange rates for September 18, 2026. These rates are essential for various financial transactions, including forward covers and deposits, excluding FE-25 deposits, with the State Bank of Pakistan’s settlement value date set for September 22, 2026. What Happened The Exchange Rates Committee issued a bulletin detailing the conversion rates for major foreign currencies against the Pakistani Rupee. As of September 18, 2026, the US Dollar is valued at PKR 277.2266. The British Pound, another significant currency, has also been listed, although the specific rate was not disclosed in the initial bulletin. This announcement is part of a routine update provided by the Financial Markets Association, which plays a crucial role in stabilizing and providing transparency in the foreign exchange market. The rates are determined based on current market conditions and are used by financial institutions and businesses to conduct international trade and investment activities. The release of these rates is a critical component for businesses engaged in import and export activities, as it directly influences the cost of goods and services traded across borders. The rates also impact the financial strategies of companies dealing with foreign currencies, affecting their profitability and market competitiveness. Background Pakistan’s foreign exchange market is regulated by the State Bank of Pakistan (SBP), which ensures that the exchange rates reflect the market dynamics while maintaining economic stability. The Exchange Rates Committee, under the Financial Markets Association, regularly updates these rates to align with international currency movements and domestic economic conditions. Historically, the Pakistani Rupee has experienced fluctuations due to various factors, including economic policies, political stability, and global market trends. The SBP occasionally intervenes in the foreign exchange market to curb excessive volatility and maintain investor confidence. In recent years, Pakistan has faced challenges in managing its foreign exchange reserves, necessitating careful monitoring and regulation of currency exchange rates. The release of updated exchange rates is part of ongoing efforts to enhance transparency and predictability in the financial sector. Why It Matters The announcement of new foreign exchange rates is significant for Pakistan’s economy, influencing both macroeconomic stability and individual financial decisions. Exchange rates affect inflation, purchasing power, and the overall economic growth of the country. For businesses, these rates determine the cost of importing raw materials and exporting finished goods, directly impacting profit margins. For the general public, exchange rates influence the cost of foreign travel, education, and remittances. A higher exchange rate for the US Dollar, for instance, means that it becomes more expensive for Pakistanis to travel abroad or send money to family members in other countries. On a broader scale, stable and predictable exchange rates are crucial for attracting foreign investment. Investors seek environments where currency risks are minimized, and exchange rates are a key factor in their decision-making process. A stable exchange rate regime can lead to increased foreign direct investment, contributing to economic growth and job creation. Moreover, the exchange rate is a critical tool for policymakers in managing the balance of payments and addressing trade deficits. By adjusting interest rates and influencing currency values, the SBP can steer the economy towards desired economic outcomes. Key Takeaways The Financial Markets Association of Pakistan has released new foreign exchange rates for September 18, 2026. The US Dollar is valued at PKR 277.2266, impacting international trade and investment. Exchange rates are crucial for businesses, influencing import and export costs. Stable exchange rates are essential for attracting foreign investment and ensuring economic stability. The State Bank of Pakistan plays a vital role in regulating and stabilizing the foreign exchange market. Source Attribution This article is based on official government statements, press releases, and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 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 All Parties Hurriyat Conference (APHC) has alleged that the Indian government has permitted security forces in Indian illegally occupied Jammu and Kashmir (IIOJK) to engage in extrajudicial killings and arbitrary arrests. The APHC claims these actions are part of a broader crackdown on the Kashmiri population. What Happened According to a statement from the APHC, the Bharatiya Janata Party (BJP)-led Indian government has given security forces in IIOJK the authority to conduct extrajudicial killings of Kashmiri youth in what the APHC describes as “staged encounters.” The group also accuses Indian forces of making arbitrary arrests under stringent laws during cordon and search operations. The APHC’s statement highlights a pattern of human rights violations that it contends are being carried out with impunity. The APHC’s allegations come amid ongoing tensions in the region, where security forces have been conducting operations purportedly aimed at maintaining law and order. However, the APHC argues that these operations are being used to suppress dissent and silence voices advocating for Kashmiri self-determination. The group has called for international intervention to address what it describes as a dire human rights situation. In response to these allegations, Indian officials have maintained that their actions in the region are necessary to combat terrorism and ensure the safety of citizens. They argue that security operations are conducted with respect for human rights and within the legal framework. Background The region of Jammu and Kashmir has been a flashpoint between India and Pakistan since both countries gained independence in 1947. The area has witnessed numerous conflicts and remains one of the most militarized zones in the world. In August 2019, the Indian government revoked Article 370 of its constitution, which granted special autonomy to Jammu and Kashmir. This move was met with widespread protests and increased tensions in the region. Since the revocation of Article 370, there have been numerous reports of human rights abuses, including arbitrary detentions, restrictions on freedom of movement, and suppression of free speech. The Indian government has consistently denied these allegations, asserting that its actions are aimed at maintaining peace and security. Why It Matters The allegations made by the APHC are significant as they underscore ongoing concerns about human rights in IIOJK. The situation has drawn international attention, with various human rights organizations calling for investigations into the conduct of Indian security forces. The alleged extrajudicial killings and arbitrary arrests could further inflame tensions between India and Pakistan, two nuclear-armed neighbors with a history of conflict over the region. For the citizens of IIOJK, these developments have profound implications. The reported human rights abuses contribute to a climate of fear and uncertainty, impacting daily life and limiting opportunities for economic and social development. The situation also poses challenges for regional stability, as unrest in Kashmir can have broader geopolitical ramifications. Internationally, the situation in Kashmir remains a contentious issue. Countries and organizations advocating for human rights are closely monitoring developments, and any escalation in violence could prompt calls for international intervention or mediation. Key Takeaways The APHC alleges that Indian forces in IIOJK have been given a free hand to conduct extrajudicial killings and arbitrary arrests. These claims come amid heightened tensions in the region following the revocation of Article 370 in 2019. Indian officials assert that their actions are necessary for combating terrorism and maintaining security. The situation in IIOJK has significant implications for regional stability and international relations. Human rights organizations continue to call for investigations into the conduct of Indian security forces in the region. Source Attribution This article is based on official statements from the All Parties Hurriyat Conference and public communications from relevant authorities. Author: NEN Editorial Desk | Editor: NEN Newsroom | Fact Checked By: NEN Editorial Team Author: NEN Editorial Desk  |  Editor: NEN Newsroom  |  Last Updated: September 18, 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.