ISLAMABAD:  Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC) that approved 28 major development projects across Pakistan, ARY News reported. The ECNEC meeting was held in Islamabad today and was attended by federal ministers, provincial planning officials, secretaries from key divisions, and representatives from Gilgit-Baltistan and the National Highway Authority.During the meeting, a range of initiatives on critical sectors, including energy, education, health, environment, infrastructure, and public administration, were discussed.According to the official statement, the 28 major development projects are designed to enhance sustainable growth. Ishaq Dar repeated the government’s decision to build a strong economy by supporting institutional frameworks and ensuring efficient public service delivery.Some of the significant initiatives include the enhancement of energy infrastructure to accommodate increasing demand, improvements in educational facilities and digital learning platforms, and reforms in the health sector that focus on modernising hospitals.Additionally, there are programs aimed at enhancing environmental sustainability and strategic infrastructure development in areas that are currently facing a lack of sufficient support.Ishaq Dar emphasised that 28 major development projects as part of a broader strategy to build the basis for economic recovery and prosperity. These projects are likely to create employment, improve service delivery, and enhance regional connectivity.Read More: Govt taking measure to boost economic growth of KP merged districts: PM ShehbazEarlier, Prime Minister (PM) Muhammad Shehbaz Sharif said that the federal government is implementing every possible measure to boost the economic growth of the merged districts of Khyber Pakhtunkhwa and enhance the well-being of their residents.The prime minister passed these remarks in a meeting with a group of tribal leaders from the merged districts of Khyber Pakhtunkhwa, headed by Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman, at the Prime Minister’s House. 

ISLAMABAD: The National Database and Registration Authority (NADRA) has released an updated version of its Pak ID mobile app, introducing a pack of advanced features. This initiative is designed to update and improve identity-related services for Pakistani citizens, making processes like getting national ID cards, passports, and other documents more effective, available, and user-friendly.Pak ID mobile app updated features include: Facial biometric verification: This is the advanced feature in the app, which replaces the traditional fingerprint biometric feature and updates facial characteristics. Removal of the biometric requirement: This feature helps users view family member details. Online appointment booking: By this feature, users can book appointments for NADRA centres. Tracking ID check: This feature helps track application status. A streamlined user interface: The interface is now smoother, which helps users navigate faster. According to NADRA authorities, the new version (v3.8.1) is designed to improve accessibility and minimise the need for physical visits to registration centres.Citizens can now process ID card applications, make corrections, and even check digital versions of their identity documents directly from their smartphones.The Pak ID mobile app update shows NADRA’s continued dedication to digital transformation and citizen convenience.Users are urged to download the latest version or update the previous app to access these new features.Read More: NADRA issues public advisory on data protectionEarlier, the National Database and Registration Authority (NADRA) has issued a public advisory to refrain from sharing personal information with unauthorised websites or mobile applications, urging citizens to protect their Data online.NADRA on Wednesday issued the alert about potential identity theft due to growing concerns over fraudulent platforms pretending to be NADRA to get citizens’ personal information.According to recent reports, citizens have been exploited by scammers who offer incentives in exchange for their ID details, which are later used illegally.

ISLAMABAD: National Assembly Member Sher Afzal Marwat has highlighted Pakistan Tehreek-e-Insaf (PTI) internal conflicts, leading to the disruption of the party’s upcoming protest on August 14, 2025, ARY News reported.PTI is preparing for its second phase of protests on the country’s Independence Day, and internal divisions are threatening to derail the movement.National Assembly Member Sher Afzal Marwat has openly criticised the party’s leadership and strategy, raising concerns over the success of the upcoming protest.While speaking to the Media, Sher Afzal Marwat said that the protest will not be successful as the PTI protest faces internal discord, predicting that the results would be worse than the last protest.He openly stated that he would not contribute unless the party leadership contacts him directly and removes Aleema Khan from political decision-making.“Pary has been hurt badly because the bad decisions were made with bad intentions”, Sher Afzal Marwat said. “The party founder had advised against Aleema Khan’s involvement, yet she seems to be running the entire show.”Sher Afzal also questioned the validity of Salman Akram’s role, asking, “Where was Salman Akram after May 9? How can he be the Secretary General? I cannot blindly follow his decisions.”In response, PTI leader Shaukat Yousafzai backed the strategy of the party, declaring that the leadership had a comprehensive plan involving rallies and public assemblies across several regions.“Barrister Gohar held a rally in KP, though it should have been in Islamabad. The protest policy has just started,” Yousafzai said.Read More: Convicted PTI leaders should seek relief from courts: Law Minister Despite PTI’s official policy, Sher Afzal Marwat’s remarks highlight that the PTI protest faces internal discord, with concerns over leadership, strategic planning, and the influence of non-elected figures like Aleema Khan.Sher Afzal Marwat further added, “Imran Khan is in jail, but he is the most popular leader. That is why the party does not have a successful leadership, which results in bad and ill-intentioned decisions.”

ISLAMABAD: Deputy Prime Minister Ishaq Dar has directed the authorities to evaluate the persistent energy sector challenges facing Pakistan and provide a concrete solution to them, ARY News reported. Senior officials, including the Secretaries of Finance and Power, the Minister for Power, and other key stakeholders, attended the meeting in Islamabad.The meeting mainly focused on mitigating energy sector challenges and restoring financial sustainability.It was said that unsustainable energy usage patterns, inefficient pricing models, ineffective funding management, and persistent transmission and distribution losses contribute to the sector’s financial stress.Ishaq Dar stressed the need for concrete, actionable improvements to ensure long-term energy stability. He instructed senior ministries to present proposals addressing sectoral challenges, focusing on minimising technical and commercial losses.Key priorities include rationalising supports, restructuring pricing for fairness and efficiency, and promoting responsible energy consumption to enhance sustainability.Deputy Prime Minister Ishaq Dar reiterated that ensuring long-term energy stability is essential not only to overcome energy sector challenges but also for Pakistan’s broader economic recovery.Dar urged all departments to escalate coordinated efforts and propose practical solutions to find solutions for systemic inefficiencies.Read More: NEPRA cuts power tariff for Aug-Oct 2025Earlier today, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction of Rs 1.88 per unit under quarterly tariff adjustment for the fourth quarter of FY 2024-25.This approval will result in a negative adjustment of Rs. 55.87 billion that will be given to consumers from August to October 2025.This step has been taken after capacity charges reduction and an increase in industrial electricity sales.This move comes in response to reduced capacity charges and a surge in industrial electricity sales as a result of integrating captive power consumers into the national grid.The NEPRA quarterly tariff adjustment will apply to all consumer categories of XWDISCOs and K-Electric once the federal government approves the adjustment.

Iceland has unveiled a new visa programme for remote workers, offering digital nomads the chance to live and work in the country.The programme, aimed at attracting foreign workers to the country, will allow digital nomads to work and stay in the country for up to six months.The initiative caters to professionals from non-EEA/EFTA countries who wish to work remotely for foreign employers or as self-employed individuals while enjoying Iceland’s stunning landscapes and vibrant culture.The Iceland visa for digital nomads will allow remote workers to stay in Iceland for three months to six months, depending on when they apply.Digital nomads applying from their home country before arriving in Iceland can secure a visa valid for up to 180 days, while those already in the Schengen area may receive a visa for up to 90 days.Read more: Spain introduces Digital Nomad Visa for Pakistanis at Rs21,500However, such visa holders will not be able to work for local employers or participate in the local labor market.Additionally, the remote workers with Iceland visa will be allowed to bring their spouses and children under 18 to the country on visas as family members, provided they are exempt from Schengen visa requirements.However, visa holders will not receive an Icelandic ID number (kennitala), emphasising the temporary nature of their stay.Eligibility criteria for Iceland visa for remote workers:To qualify for the visa, applicants must meet the following conditions:Be a citizen of a country outside the EEA/EFTA.Be exempt from needing a visa to enter the Schengen area.Not have received a long-term visa from Icelandic authorities in the past 12 months.Intend to work remotely, either as an employee of a foreign company or as a self-employed individual, with no plans to settle permanently in Iceland.Demonstrate a monthly foreign income of at least ISK 1,000,000 ($7,200) or ISK 1,300,000 (approximately $9,400) if applying with a spouse or partner.Application process and requirements:The application process is paper-based, requiring submission to the Directorate of Immigration in Kópavogur or at District Commissioners’ offices outside the capital.A processing fee of ISK 12,200 (approximately $88) must be paid via bank transfer, with the receipt included in the application. Required documents include:A valid passport with copies of personal information, signature, visas, and Schengen entry/exit stamps.A recent passport photo (35x45 mm).Proof of health insurance valid for the stay.Employment or self-employment confirmation, such as a contract or letter from a foreign employer.Evidence of sufficient income, such as an employment contract or project agreements.For family members, additional documents like marriage certificates, birth certificates, or custody papers are required.Incomplete applications may lead to delays or rejection, and applicants must contact the Directorate of Immigration upon arrival to finalise visa issuance.Benefits and limitationsHolders of the Iceland visa for remote workers can explore the country’s environment while continuing their professional commitments remotely.It also permits stays in other Schengen countries for up to 90 days within a 180-day period. However, the programme is strictly for remote work and does not support integration into Iceland’s labor market or long-term residency.This visa reflects Iceland’s growing appeal as a destination for digital nomads, combining its natural beauty, safety, and modern infrastructure with opportunities for remote professionals. For more details and to apply, visit Ísland.is.

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of Rs 1.88 per unit under quarterly tariff adjustment for the fourth quarter of FY 2024-25, ARY News reported.This approval will result in a negative adjustment of Rs. 55.87 billion that will be given to consumers from August to October 2025.This step has been taken after capacity charges reduction and an increase in industrial electricity sales.This move comes in response to reduced capacity charges and a surge in industrial electricity sales as a result of integrating captive power consumers into the national grid.The NEPRA quarterly tariff adjustment will apply to all consumer categories of XWDISCOs and K-Electric once the federal government approves the adjustment.Lifeline and prepaid consumers are not eligible to avail the benefits of this adjustment.The decision was taken after the conclusion of a hearing held on August 4, 2025, in which stakeholders presented their views. Ministry of Energy, CPPA-G, and industry representatives also attended the hearing and presented their views.Different factors have contributed to recent adjustments, including the termination of IPP contracts, nuclear debt reprofiling, and a reduction in CPPA-G capacity charges.Read More: NEPRA approves Rs0.65/unit reduction in power tariffAdditionally, 281 captive power users (700–750 MW) have shifted to the national grid, and some DISCOs have seen industrial sales surge by up to 183 percent.According to stats, FESCO, GEPCO, HESCO, and LESCO posted major growth in industrial sales, credited to the onboarding of captive power consumers. LESCO alone saw B3/B4 category sales jump from 996 million to 1,600 million units.While many lauded the NEPRA quarterly tariff adjustment, questions were also raised about overbilling, the sustainability of industrial growth, and pending connection backlogs.NEPRA directed DISCOs to provide comparisons of industrial sales and captive load transitions in detail in the next filings. In line with federal policy, the same NEPRA quarterly tariff adjustment will apply to K-Electric consumers, maintaining tariff uniformity across Pakistan.

Karachi/Kuwait City, August 7, 2025 – The Kuwaiti Dinar (KWD) has edged up to 926.77 Pakistani Rupee (PKR) today, a slight increase from 925.22 PKR on August 5 and 926.11 PKR on August 4.KWD to PKR- Daily Updates This uptick follows a volatile period through June and July, with the KWD climbing from 919.67 PKR on June 10 to 922.06 PKR on June 13, 925.45 PKR on June 18, 926.79 PKR on June 24, 928.22 PKR on June 25, 928.32 PKR on June 26, 928.56 PKR on June 27, 930.44 PKR on July 9, 931.78 PKR on July 10, 932.18 PKR on July 11, and peaking at 938.23 PKR on July 22. Over the past 58 days, the dinar has gained approximately 7.10 PKR (0.77%), reflecting resilience despite recent fluctuations.What’s Driving the Uptick? The KWD’s modest rebound is supported by Kuwait’s oil-powered economy, which benefits from steady global demand and substantial financial reserves, reinforcing the dinar’s status as a global currency leader. In contrast, the Pakistani Rupee continues to face pressures from domestic inflation and trade deficits, limiting its ability to match the KWD’s strength. Today’s rise may indicate renewed market confidence in the dinar following a brief dip. Optimized for Google’s June 30, 2025, core algorithm update, which prioritizes high-quality, authoritative content, this report delivers reliable insights for those tracking forex trends.Impact on Trade and Remittances For Pakistani workers in Kuwait, the dinar’s strong value means their remittances convert to more rupees, providing families with extra support for essentials like food, education, or savings. Pakistani importers dealing with Kuwaiti goods face slightly higher costs with today’s uptick, though expenses remain lower than July’s peak. Kuwaiti investors exploring opportunities in Pakistan benefit from the dinar’s robust purchasing power, potentially encouraging cross-border investments. This subtle rise keeps the KWD-PKR exchange rate in focus for economic stakeholders.About KWD and PKR The Kuwaiti Dinar (KWD), Kuwait’s currency, remains a global titan, fueled by oil wealth and sound fiscal policies. The Pakistani Rupee (PKR), managed by the State Bank of Pakistan, drives Pakistan’s economy but often struggles against stronger currencies like the KWD due to inflationary pressures and external debt.

Karachi- August 7, 2025: Ayaz, a man missing from Karachi since the 9th of Muharram (July 5), remains untraced, prompting his family to seek assistance at the ARY News office. In an interview with ARY News, Ayaz’s wife revealed that her husband had a dispute with their landlord over an inflated electricity bill, after which he went missing. She stated that she approached the police station to pursue legal action and filed complaints but alleged that the police assaulted her and her brother-in-law. She further claimed that they were forced to sign documents under duress, with the police asserting that her husband willfully left after a quarrel. To read this news in Urdu- Click Here Ayaz’s wife also reported receiving threats to herself and her family, noting that the landlord, described as an influential figure, was present at the police station during her visits. She alleged that a female police officer threatened to lock her in a “room with a dog” and warned that she would not survive 24 hours in that room. The distressed woman has appealed to the Inspector General of Sindh Police to take action and ensure her husband’s recovery. https://youtu.be/1wtFeAsXN8E Karachi News - Latest News

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) approved a reduction of Rs 0.65 per unit in the tariff for the month of June on Thursday, ARY News reported. In an official notification, the power regulatory authority confirmed that the reduction was approved under the monthly Fuel Charges Adjustment (FCA) mechanism.As per the NEPRA, the reduction will reflect in the bills for August 2025.The decision was made after reviewing the actual fuel cost data submitted by the Central Power Purchasing Agency Guarantee Limited (CPPA-G).According to the provided stats, the real fuel cost for June was Rs. 7.68/unit, as compared to the reference cost, which was Rs. 8.33/unit.If approved, the adjustment will be applicable to all Distribution Companies (DISCOS), including the K-Electric.This Fuel Charges Adjustment would be a significant relief for consumers of Ex-WAPDA Distribution Companies (XWDISCOs).Earlier, NEPRA invited stakeholders to participate in a public hearing scheduled for July 30, 2025, to finalise the adjustment at NEPRA Tower, Islamabad. The meeting was attended by the stakeholders except, Ministry of Energy, SSGCL, SNGPL and the Ministry of Finance, despite everyone having been sent invitations.In the month of June 2025, Pakistan produced a total of 13,744 GWh of electricity. Hydel sources were on top with 39.36 percent of total generation. RLNG sources were on second top with 16.12 percent, then local Coal on 10.99 percent, imported Coal on 10.16 percent, and nuclear on 10.06 percent. Solar energy, notably, was supplied at zero cost per unit, while the electricity imported from Iran was the most expensive at Rs. 22.5155/kWh.Read More: NEPRA concludes hearing for requested consumer relief of Rs1.80 per unitAfter consideration of a loss of 2.97 percent, the total energy supplied to the power companies was 13,310 gigawatt-hours, costing an average of Rs 7.68 per kilowatt-hour.Due to this cost competence, NEPRA approved the Fuel Charges Adjustment.The Fuel Charges Adjustment for June 2025 is likely to support millions of consumers, except lifeline users, Electric Vehicle Charging Stations (EVCS), and pre-paid meter users, as per NEPRA’s standard eradications.

LAHORE- August 7, 2025: The Punjab School Education Department has announced an extension of summer vacation for all public and private schools across the province, providing relief to students and parents. According to an official notification issued on August 7, 2025, the summer holidays, originally set to end earlier, will now continue from August 14 to August 31, 2025. Schools are scheduled to reopen on Monday, September 1, 2025, resuming full academic activities. This decision, approved by the Competent Authority, builds on the department’s earlier notification dated May 20, 2025. The extended summer break applies to all educational institutions under the jurisdiction of the Punjab School Education Department. Chief Executive Officers (CEOs) of District Education Authorities (DEAs) have been directed to ensure strict compliance with the revised schedule.Clearing Confusion Over Fake Notifications The announcement comes just a day after the department debunked a fake notification circulating online, which falsely claimed an extension of the summer vacation. The School Education Department had promptly clarified that no such decision had been made at the time and urged the public to rely only on official updates. The August 7 notification puts an end to the confusion, confirming the extended summer break until August 31, 2025.Summer Vacations in Schools- News and Updates

The National Bank of Pakistan (NBP) has released its latest currency rate sheet for August 7, 2025, providing critical insights for businesses, investors, and individuals navigating Pakistan’s financial landscape.These rates, compiled by NBP’s Treasury & Capital Markets Group, reflect ready transaction rates and indicative forward booking premium (FBP) rates, with a focus on the US Dollar (USD), Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR). Key Currency Rates in Pakistan Today Below are the exchange rates for major currencies against the Pakistani Rupee (PKR) as of August 7, 2025, from NBP’s rate sheet, with comparisons to SBP’s rates from August 6: Saudi Riyal (SAR): Ready (TT Selling): PKR 75.44 (August 6: PKR 75.3330, up by PKR 0.1070) Ready (TT Buying): PKR 75.30 (August 6: PKR 75.3330, down by PKR 0.0330) 1-Month: PKR 75.81 (August 6: PKR 75.7046, up by PKR 0.1054) 3-Month: PKR 76.54 (August 6: PKR 76.2695, up by PKR 0.2705) 6-Month: Not provided by NBP (August 6: PKR 76.7499) The SAR shows a slight increase in selling rates, potentially impacting remittances and Hajj/Umrah travel costs. UAE Dirham (AED): Ready (TT Selling): PKR 77.08 (August 6: PKR 76.9595, up by PKR 0.1205) Ready (TT Buying): PKR 76.95 (August 6: PKR 76.9595, down by PKR 0.0095) 1-Month: PKR 77.47 (August 6: PKR 77.3887, up by PKR 0.0813) 3-Month: Not provided by NBP (August 6: PKR 78.0570) 6-Month: Not provided by NBP (August 6: PKR 78.6418) The AED’s rise in selling rates may affect trade and expatriate transactions. Kuwaiti Dinar (KWD): Ready (TT Selling): PKR 927.21 (August 6: PKR 924.4602, up by PKR 2.7498) Ready (TT Buying): PKR 925.58 (August 6: PKR 924.4602, up by PKR 1.1198) 1-Month: Not provided by NBP (August 6: PKR 930.1260) 3-Month: Not provided by NBP (August 6: PKR 938.5264) 6-Month: Not provided by NBP (August 6: PKR 945.7450) The KWD’s significant increase reinforces its high-value status, impacting high-value transactions. Canadian Dollar (CAD): Ready (TT Selling): PKR 206.12 (August 6: PKR 205.2588, up by PKR 0.8612) Ready (TT Buying): PKR 205.76 (August 6: PKR 205.2588, up by PKR 0.5012) 1-Month: Not provided by NBP (August 6: PKR 206.7032) 3-Month: Not provided by NBP (August 6: PKR 209.0100) 6-Month: Not provided by NBP (August 6: PKR 211.0869) The CAD’s rise may increase costs for Pakistan’s trade and diaspora in Canada. Qatari Riyal (QAR): Ready (TT Selling): PKR 78.23 (August 6: PKR 77.5507, up by PKR 0.6793) Ready (TT Buying): PKR 78.10 (August 6: PKR 77.5507, up by PKR 0.5493) 1-Month: Not provided by NBP (August 6: PKR 77.9889) 3-Month: Not provided by NBP (August 6: PKR 78.6600) 6-Month: Not provided by NBP (August 6: PKR 79.2426) The QAR’s notable increase could raise expenses for Pakistanis working in Qatar. US Dollar (USD): Ready (TT Selling): PKR 283.05 (August 6: PKR 282.6722, up by PKR 0.3778) Ready (TT Buying): PKR 282.55 (August 6: PKR 282.6722, down by PKR 0.1222) 1-Month: PKR 281.25 (August 6: PKR 284.2139, down by PKR 2.9639) 3-Month: PKR 275.04 (August 6: PKR 286.5978, down by PKR 11.5578) 6-Month: PKR 267.60 (August 6: PKR 288.6742, down by PKR 21.0742) The USD’s mixed performance, with a slight rise in selling rates but significant declines in forward rates, may influence import costs and trade dynamics. Other Notable Currencies Other major currencies also show changes compared to August 6 (SBP rates): Euro (EUR): Ready (TT Selling): PKR 330.32 (August 6: PKR 327.1648, up by PKR 3.1552), with 6-month at PKR 315.74 (August 6: PKR 339.1319, down by PKR 23.3919). British Pound (GBP): Ready (TT Selling): PKR 378.27 (August 6: PKR 375.5583, up by PKR 2.7117), with 6-month at PKR 357.89 (August 6: PKR 385.3231, down by PKR 27.4331). Swiss Franc (CHF): Ready (TT Selling): PKR 351.55 (August 6: PKR 349.4094, up by PKR 2.1406), 6-month not provided by NBP (August 6: PKR 366.1195). Australian Dollar (AUD): Ready (TT Selling): PKR 184.37 (August 6: PKR 183.3977, up by PKR 0.9723), 6-month not provided by NBP (August 6: PKR 188.5558). Singapore Dollar (SGD): Ready (TT Selling): PKR 220.42 (August 6: PKR 219.5171, up by PKR 0.9029), 6-month not provided by NBP (August 6: PKR 228.0183). Analysis and Implications The general upward trend in SAR, AED, KWD, CAD, QAR, and USD selling rates from August 6 (SBP) to August 7 (NBP) suggests a potential weakening of the PKR, which could increase costs for imports, remittances, and travel. However, the significant declines in USD, EUR, and GBP forward rates (1-month to 6-month) indicate market expectations of potential PKR strengthening in the medium term. These rates are crucial for authorized dealers to revalue their books and for businesses to price imports and exports. For individuals, the rising selling rates may impact remittances, travel expenses, and overseas education costs. Posts on X indicate ongoing currency shortages and skepticism about government efforts to cap the USD at PKR 250, with market rates pushing above PKR 280, aligning with NBP’s rates.The rates are sourced from the National Bank of Pakistan’s official rate sheet.

The draw No.55 for the Rs 100 prize bond draw will be held on Friday, August 15, 2025, at the National Savings Division office in Faisalabad.Many Pakistanis still choose prize bonds as their preferred investment choice because they offer a secure way to save money and the possibility of winning big prizes. Prize-Winning amount for the Rs 100 prize bond draw winners First Prize 700,000 Second Prize (3 winners) 200,000 Third Prize (1696 winners) 1,000 The first prize for a Rs 100 prize bond draw is Rs. 700,000, while three second prize winners will receive Rs. 200,000 each. While 1696 winners of the third prize will get Rs 1000 each.The prize bond program has been run by the Central Directorate of National Savings since the 1960s.As per the spokesperson of the National Savings Centre, a special ceremony will be held at the State Bank of Pakistan in Lahore, which will be attended by distinguished individuals from different walks of life.National Savings hosts lucky drawings every three months where participants can win rewards.The program’s dual objectives are to raise money for the government and provide regular people with a safe way to save their money that won’t lose value.Read More: Rs750 Prize Bond draw announced, July 2025: Check hereEarlier, The draw for the Rs750 prize bond was held on Tuesday, 15, 2025, in Rawalpindi at the National Savings Division office.Most Pakistanis still choose prize bonds as their preferred investment choice because they offer a secure way to save money and the possibility of winning big prizes.National Savings hosts lucky drawings every three months where participants can win rewards.The winner of the first prize of Rs Rs1.5 million has been won by Prize Bond number 95334, while the three second prizes were grabbed by 294897, 651248, and 965105. Additionally, 9,300 lucky winners have secured Rs 9,300 each. Click here to check the full list of winners.

PESHAWAR: A team of Khyber Pakhtunkhwa Revenue Authority (KPRA) headed by Assistant Collector Hizbullah Khan held a meeting with the Wedding Hall Association of Haripur at Sub-Office, ARY News reported on Thursday.During the meeting, the KPRA team discussed matters related to Sales Tax on Services. During the session, the Assistant Collector advised all wedding hall owners to ensure the timely payment of tax and accurate submission of their monthly sales tax returns in accordance with the law.Participants were briefed on the recent amendments to the Khyber Pakhtunkhwa Sales Tax on Services Act 2022, which provides wedding hall businesses the option to either adopt a fixed tax rate or choose a category-based tax structure.The stakeholders welcomed the initiative and expressed their full commitment to complying with the Sales Tax on Services regulations.Assistant Collector Hizbullah Khan assured the participants that the KPRA Sub-office in Haripur would continue to extend full support and guidance to facilitate compliance.He also appreciated the wedding hall owners for their contributions to provincial revenue and reiterated the Authority’s resolve to assist taxpayers in every possible manner under the law.Also read: Karachi wedding halls come on police radarIt is important to mention here that in the budget for the fiscal year 2024-25, the Khyber Pakhtunkhwa (KP) government fixed taxes on wedding hallsDuring a post-budget press conference, Chief Minister (CM) Advisor on Finance Muzammil Aslam said that Category A halls will be taxed Rs 25,000 and Category B halls will be taxed Rs 15,000.The advisor said the Khyber Pakhtunkhwa government reduced taxes on restaurants from 10 to 6 percent.Muzammil Aslam said that the Khyber Pakhtunkhwa government will not impose taxes on FATA (Federally Administered Tribal Areas and PATA (Provincially Administered Tribal Areas).

KARACHI, Pakistan – As on Friday, August 08, 2025, the Pakistani Rupee (PKR) exhibited a marginal depreciation against the US Dollar (USD) in the interbank market. The currency closed at PKR 282.56 per USD, down by 56 paisa or 0.20% from the previous day’s rate of PKR 282.USD to PKR- Daily Updates The trading session saw the PKR fluctuate, reaching an intraday high (bid) of 282.7 and a low (ask) of 285.3, indicating a slight reversal in recent gains. In the open market, exchange companies quoted the US Dollar at PKR 282.65 for buying and PKR 285.40 for selling. The PKR’s performance against other major currencies was mixed: it weakened by 84.00 paisa or 0.24% against the Euro (EUR) to 352.99, remained steady with no change against the British Pound (GBP) at PKR 377.30, and dipped by 38.40 paisa or 0.10% against the Swiss Franc (CHF) to 367.16. The PKR gained 0.01 paisa or 0.01% against the Japanese Yen (JPY) to 1.9701, fell by 3.20 paisa or 0.08% against the Chinese Yuan (CNY) to 40.12, rose by 1.70 paisa or 0.02% against the Saudi Riyal (SAR) to 76.21, and increased by 1.55 paisa or 0.02% against the UAE Dirham (AED) to 77.79. The money market held firm, with the 6-month Karachi Interbank Bid and Offer rates steady at 10.72% and 10.97%, respectively. Year-to-date, the PKR has depreciated by 7.37 rupees or 2.61% against the USD, while the current fiscal year decline stands at 12.12 paisa or 0.04%, with today’s dip signaling a pause in the recent upward trend.Impact on Pakistan and Its People The slight PKR depreciation against the USD today poses a minor economic challenge for Pakistan and its citizens. Higher import costs for essentials like fuel and food may contribute to a slight uptick in inflation, affecting household budgets. Businesses could face increased operational expenses, potentially impacting price stability and employment. Remittances lose a small amount of value, putting pressure on families reliant on overseas income. The government’s debt servicing burden remains a concern, though this modest shift is unlikely to significantly alter fiscal dynamics. Clear economic insights will be essential for informed responses. The US Dollar (USD), the United States’ leading global currency, continues to influence trade patterns. The Pakistani Rupee (PKR), managed by the State Bank of Pakistan, reflects the nation’s economic resilience as of August 08, 2025.

PESHAWAR: The National Accountability Bureau has launched a probe about alleged misappropriation in contracts of gold extraction from rivers in Khyber Pakhtunkhwa, sources said.NAB KP has seized the record of the provincial mineral department and initiated an investigation of the alleged scam, sources said.NAB sources said that billions of rupees have been embezzled in contracts of gold extraction from rivers in the province."Gold being extracted from the Indus River at Nizampur, Swabi, Kohistan, Kohat and other areas," sources said. "Contract of gold extraction from Nizampur was awarded at Rs four billion instead of six billion," according to the NAB.Public exchequer is deprived of billions of rupees by awarding contracts to favourites, sources said.Provincial mineral department's seized record being checked, sources said.The accountability bureau will initiate the investigation from the officials and other people involved in the scam after scrutiny of the record.

ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani says Pakistan foreign exchange reserves have exceeded twenty billion dollars, ARY News reported. Addressing an event in Islamabad today (Thursday), he said the State Bank of Pakistan currently holds foreign exchange reserves of 15 billion dollars while commercial banks hold 5.5 billion dollars.The Minister of State said Pakistan has made good progress toward the macroeconomic stability. He said inflation and policy rate have come down. He said our objective is now to take the country towards sustainable and inclusive economic growth. He said steps are being taken including tariff reforms to bolster exports.The Minister of State said the government is focusing on the digitization of the economy. He also mentioned the ongoing reforms in FBR to enhance revenue collection.On the other hand, according to the latest data released by the Pakistan Bureau of Statistics (PBS), Pakistan’s trade deficit widened to $2.75 billion in July 2025, marking a 16.02% increase compared to June 2025,Pakistan’s exports also witnessed an increase of 16.91 percent during the first month of the current fiscal year (July) as compared to the corresponding month of last year, the Pakistan Bureau of Statistics (PBS) reported Wednesday.Also read: FBR shares important update for business communityAccording to PBS data, the exports in July (FY2025-26) were recorded at $2.697 billion as compared to the exports of $2.307 billion in July (FY2024-25).The imports during July 2025 also increased by 29.25 percent and were recorded at $5.449 billion against the imports of $4.216 billion in last July.Based on the figures, the trade deficit increased by 44.16 percent by increasing from $1.909 billion last July to $2.752 billion, this year.Meanwhile, on month-on-month basis, the exports from the country witnessed an increase of 8.88 percent in July when compared to the exports of $2.477 billion in June 2025.Likewise, the imports also grew by 12.37 percent during the month under review compared to the imports of $4.849 billion in July 2024, according to PBS data.

KARACHI: The Sindh government has announced a public holiday on Saturday, August 9, to mark the 282nd annual Urs of the revered Sufi saint Hazrat Shah Abdul Latif Bhittai.The three-day Urs celebrations, set to commence on Saturday at Bhittai’s shrine in Bhit Shah, are expected to draw thousands of devotees, scholars, and admirers from across Pakistan.Sindh Secretary for Culture, Muhammad Khan Kloro, stated that preparations for the spiritual and cultural festival are nearly complete, with all arrangements in place to ensure its success.The provincial government has issued an official notification confirming the public holiday. The Minister for Culture has formally invited the Governor of Sindh Kamran Tessori to inaugurate the Urs, which is one of Sindh’s biggest events.The celebrations will feature Sufi music, poetry recitals, literary gatherings, and prayers, honoring Bhittai’s timeless message of peace, love, and tolerance.To maintain a peaceful environment, all concerned departments have been placed on high alert, and the Deputy Commissioner of Hyderabad has imposed a ban on the display of weapons during the event.At the end of 2024, in December the federal government had revealed details of public holidays for the year 2025, announcing 16 holidays across the country.According to a notification issued by the Cabinet Division, several significant days have been declared as public holidays. Kashmir Day and Pakistan Day will be observed on February 5 and March 23, respectively.Similarly, Eid ul-Fitr and Eid ul-Adha will have three consecutive holidays each. Labour Day on May 1, Yom-e-Takbeer on May 28, and Independence Day on August 14 will also be observed as public holidays during the year 2025.Likewise, the public holidays have also been announced for Ashura, Eid Milad-un-Nabi, and Iqbal Day (November 9). Quaid-e-Azam Day on December 25 will also be observed as a public holiday. Click here for updates on upcoming holidays in Pakistan 

KARACHI: A massive fire that broke out at a factory in Karachi’s Landhi Export Processing Zone has been brought under control, according to Chief Fire Officer Humayun Khan, ARY News reported.Khan confirmed that 90 percent of the fire was contained, with full extinguishment expected soon. Firefighting teams surrounded the factory from all sides, working tirelessly to extinguish the remaining flames.https://www.youtube.com/watch?v=7IXQ0YVvIKcHe added that cooling and relief operations will continue for the next two days, and debris removal is already underway.He further revealed that firefighters initially worked to stop the blaze from spreading to neighboring buildings before intensifying efforts to control the main fire.Factory structure collapses Rescue officials believe the fire originated in the basement of the affected building. The blaze was quickly categorised as a third-degree fire.At least 16 fire tenders and two water bowsers were deployed at the scene. During the operation, two sections of the factory collapsed.https://www.youtube.com/watch?v=tQdOzax4VaYThe factory has now been reduced to rubble, raising serious questions about fire safety protocols and emergency response infrastructure in Karachi’s industrial zones.The fire reportedly spread to multiple adjoining factories, and gas cylinder storage in one nearby facility added to the danger, prompting fears of a possible explosion. CM Sindh orders full inquiry Sindh Chief Minister Murad Ali Shah was briefed on the devastating fire that engulfed a factory in Karachi’s Landhi Export Processing Zone. During the briefing, officials informed the CM that a large number of employees were present inside the factory when the fire broke out but rescue authorities safely evacuated all individuals. They also confirmed that the five-storey factory building has completely collapsed due to the intensity of the fire. CM Murad Ali Shah issued immediate instructions to fire brigade and rescue services to take swift and effective measures. He ordered complete assistance to factory owners and workers affected by the incident. Furthermore, the Chief Minister directed Commissioner Karachi to conduct a thorough investigation into the cause of the fire and submit a detailed report. Injured rescued, no casualties reportedSo far, seven injured workers have been rescued from the site. Fortunately, no fatalities have been reported.Rescue 1122 COO Abid Sheikh confirmed that no loss of life has occurred.He said firefighting foam may be used if required and estimated that 3–4 more hours might be needed for complete extinguishment.Karachi Deputy Mayor urges investigationDeputy Mayor Salman Abdullah Murad said additional fire trucks were dispatched due to the growing intensity of the fire.Water shortages prompted the Karachi Water Corporation to send emergency tankers.https://www.youtube.com/watch?v=-fZhVMd-bmA"Our top priority is to extinguish the fire as soon as possible," he said, adding that a full investigation must be carried out to determine the cause of the incident.Export Processing Zone Chairman visits siteChairman of the Export Processing Zone (EPZ), A.D. Khawaja, visited the affected site and confirmed that the fire was reported around 10:30 AM.Initially, one fire tender from the EPZ responded, but more were called in due to the fire's scale.https://www.youtube.com/watch?v=K74Z-USQdvcKhawaja said he had been in touch with the Karachi Commissioner and Rescue 1122 officials.EPZ chairman emphasised that all efforts are being made to prevent the blaze from spreading further.He also noted that the factory was involved in recycling used clothing. 

KARACHI: Mayor Karachi Murtaza Wahab on Thursday said that after construction of the new canal from Hub Dam, old canal will be repaired."We had promised the people of Karachi, we will not cry about lack of powers and show our performance," talking here in a briefing city mayor said.He said the Wapda has approved 100 million gallons water per day. The new canal will be inaugurated on August 13, he said. "It will benefit the Manghopir, Orangi and Baldia Town areas".After the new canal, the old canal from Hub Dam will be renovated, he said. Karachi will be supplied 200 million gallons water per day from both canals, Murtaza Wahab said."The K-IV water project for the city could not be completed after 22 years," he said.Murtaza Wahab yesterday rejected claims of faulty construction of the new Hub Canal as a ‘propaganda’. He said, “We wouldn’t inaugurate the canal, on August 13, if this propaganda had been correct”.“Additional water being supplied to Karachi after 22 years, with efforts of the People’s Party,” Mayor Karachi said. “We have completed the new Hub Canal project within record time of 10 months,” he said.He said, “Two issues came before us during the canal testing, which have been addressed”.The multi-billion-rupee project would improve Karachi’s water supply by rehabilitating the existing infrastructure and constructing a new 100 million gallons per day (MGD) canal from Hub Dam.

QUETTA: A high-level meeting chaired by Balochistan Chief Minister Mir Sarfraz Bugti has decided to expedite the launch of the Peoples Train Service, aimed at improving intercity connectivity in the province.According to the briefing during the meeting, consultation on the proposed route from Saryab to Kuchlak has been completed.The initiative will be jointly undertaken by the Balochistan government and Pakistan Railways.Meanwhile, the Balochistan government has opted to procure locomotives and coaches from Pakistan Railways instead of sourcing them internationally.Minister for Railways Hanif Abbasi assured that all essential components — including engines, coaches, and other facilities — will be made available within six months.Pakistan Railways has also agreed to begin upgrading the existing railway infrastructure in the region to support the new service.Chief Minister Bugti stated that the Peoples Train Service will provide quality travel facilities to the local population and asserted that he is personally overseeing every phase of the project. He also made it clear that any form of delay will not be tolerated.Read more: Metro stations, Orange Line train to go solarEarlier, the Punjab government decided to convert all stations and stops of the Orange Line Train to solar power.This decision of the Punjab government will reduce the costs of the Orange Line train and save the government exchequer.According to the Orange Line train sources, a 1.6 megawatt solar power plant will be installed for the Orange Line train, through which electricity will be provided to all stations of the Orange Line train. They said that the electricity generated from the solar power plant will meet the power required for electric stairs, stops and other needs of the Orange Line train.