The Federal Minister for Planning, Development and Special Initiatives and Deputy Chairman of the Planning Commission of Pakistan, Professor Ahsan Iqbal on Thursday chaired a meeting of the Central Development Working Party (CDWP).A revised project related to the Ministry of Water Resources Pakistan, namely “Diamer Basha Dam Project – Dam Part with Reflection of Helicopter Cost,” worth Rs 485.006 billion, came under discussion and was referred to the Executive Committee of the National Economic Council (ECNEC) for further consideration, a news release said.While discussing the Diamer Basha Dam project, Ahsan Iqbal expressed serious concern that the revised PC-I of the project had not been submitted during the last six years despite a manifold increase in the project cost from the originally approved cost of Rs 480 billion in 2018, which reflected poor project management capacity.He directed the new chairman of Water and Power Development Authority of Pakistan to ensure that the project was managed in a professional manner.He further observed that concerns regarding the escalating cost of the project had repeatedly been raised during Standing Committee on Planning meetings since 2020. However, despite the passage of several years, WAPDA had still not submitted the revised PC-I.He emphasized that these reservations should be made part of the official record.The CDWP allowed revision of the PC-I related to helicopter procurement purely on security grounds and directed that the revised PC-I for the dam component should be submitted without further delay.The deputy chairman further questioned whether a holistic, integrated and professional project design and management system for mega projects existed in WAPDA.“WAPDA should undertake necessary steps to improve its project management capacity,” he added.After detailed discussion, the forum also referred another revised project, namely “Tarbela 5th Extension Hydropower Project,” worth Rs 316.411 billion, to ECNEC for further consideration.While discussing the project, Ahsan Iqbal expressed serious concerns over its management, transparency and oversight mechanisms.He observed that the professional capability of the concerned staff appeared questionable, as the Ministry of Water Resources had also pointed out shortcomings in its inquiry report.The minister questioned the process through which a local consultant with a dubious record was engaged for the project, stating that an international consultant had initially been hired and was subsequently replaced by a local company in a non-transparent manner.He directed the concerned authorities to share the inquiry report with the ministry for detailed review.Highlighting the financial implications of the project, the minister noted that it was originally estimated at Rs 82 billion, whereas expenditures had already crossed Rs 140 billion.He further directed that all observations regarding mismanagement, weak due diligence, and the performance of contractors and consultants be formally placed before ECNEC by an inquiry committee headed by Member Infrastructure.He directed the committee to thoroughly examine these issues, review the observations raised during the meeting, and submit a comprehensive report to ECNEC.He also directed the authorities concerned to develop a robust institutional framework to prevent such shortcomings in future projects, emphasizing that organizations like WAPDA must uphold the highest standards of professionalism, accountability and project governance.

RAWALPINDI: Security forces killed 23 Indian sponsored Fitna-al-Khwarij militants during a series of intelligence-based operations in different areas of Khyber Pakhtunkhwa over the past 48 hours, the Inter-Services Public Relations (ISPR) said on Thursday.According to the military’s media wing, in a determined effort to eliminate terrorist threats and dismantle the khwarij networks, Security Forces continue to conduct series of intelligence based operations in Khyber Pakhtunkhwa province, based on credible intelligence leads. Operations have been further expanded to hotspots including Datta Khel, Spinwam and Bannu.Over the last 48 hours, during the conduct of these series of operations, own troops effectively engaged multiple khwarij locations. Following intense and fierce exchanges of fire, twenty three more khwarij belonging to Indian-sponsored Fitna-al-Khwarij including kharji Ring leader Jan Meer alias Toor Saqib have been neutralised in the aforementioned areas, thereby giving a significant blow to the khwarij networks operating in these areas.Kharji Ring leader Jan Meer alias Toor Saqib was highly wanted by the Security Forces and Government had fixed Head money on him for his active involvement in numerous terrorist activities including killing of security forces personnel and innocent civilians.Weapons, ammunition and large cache of explosives and prepared Improvised Explosive Devices have also been recovered from killed Indian sponsored Khwarij, who remained actively involved in numerous terrorist activities in the area. Moreover, during sanitization operations series of complex network of underground tunnels and bunkers used by khwarij were also unearthed and destroyed by security forces.Sanitization operations continue to eliminate holed up khwarij from these areas, as relentless Counter Terrorism campaign under vision “Azm e Istehkam” (as approved by Federal Apex Committee on National Action Plan) by Security Forces and Law Enforcement Agencies of Pakistan will continue at full pace to wipe out the menace of foreign sponsored and supported terrorism from the country.

ISLAMABAD: The Islamabad High Court (IHC) has issued a detailed written order regarding the appeal against the conviction in the £190 million case involving Pakistan Tehreek-e-Insaf (PTI) founder, Imran Khan, ARY News reported.According to the court order, the bench comprising the Chief Justice and Justice Muhammad Asif directed that if the defence counsel is unwell, a substitute lawyer must be appointed; otherwise, the court may decide the case based on the available record.The written order stated that Imran Khan’s counsel, Barrister Salman Safdar, had sought adjournment on medical grounds, noting that he is suffering from a retinal eye condition. It added that during the previous hearing, the defence was given a final opportunity to present arguments.The court further observed that if the counsel remains unavailable due to health reasons at the next hearing, a substitute lawyer must appear. In case no alternative counsel is appointed, the court may proceed to decide the appeal based on the existing record and in accordance with the law.The Islamabad High Court also issued directives to the Superintendent Adiala Jail regarding the processing of the power of attorney, instructing that all legal formalities be completed and the document be promptly returned to the concerned counsel.The court ordered strict compliance with its directions and fixed the next hearing of the case for June 18.Also Read: PTI founder’s health declining, claims Aleema KhanEarlier, an Anti-Terrorism Court (ATC) dismissed a petition seeking permission to meet incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan.According to reports, the ATC declared the request “unnecessary and frivolous,” and imposed a fine of Rs10,000 on the petitioner.The court directed that the fine be deposited at the District Bar Rawalpindi dispensary, stating that the amount would be used for the treatment of underprivileged patients.Advocate Faisal Malik had filed the application earlier in the day, seeking a meeting with Imran Khan in connection with the May 9 GHQ attack case. However, the court ruled that the procedure for meetings at Adiala Jail had already been clearly defined by the Islamabad High Court.The ATC emphasized that a trial court cannot issue any order contradicting the framework set by the high court. It further noted that PTI founder Imran Khan is currently on bail in the GHQ attack case and is not under judicial custody.Highlighting a pattern, the court observed that similar petitions to meet Imran Khan had been filed twice before. It criticized the petitioner for approaching the wrong forum and wasting the court’s time instead of seeking relief through the appropriate legal channel.

Murree police have announced a comprehensive security plan for Eid al-Adha 2026, with restrictions on entry to the hill station and heightened safety measures amid expectations of a large influx of tourists.District Police Officer (DPO) Murree, Dr Muhammad Raza Tanveer, said that during the Eid holidays only families would be allowed entry to Mall Road and other parts of the city.He said Section 144 would remain in force in Murree until 31 May, 2026, under which aerial firing and the public display of weapons would be strictly prohibited.The DPO added that anyone involved in one-wheeling or skating would be arrested immediately under Section 144 regulations.He said authorities would adopt a ‘zero tolerance’ policy against violations during the holiday period.More than 700 police personnel will be deployed across Murree to provide security for the millions of tourists expected to visit during Eid al-Adha.According to Murree police data, a record 70,000 vehicles entered the city on the third day of Eid last year, and officials believe that figure could be surpassed this year.Police have also launched the “Safe Tourism Murree” mobile application, which will provide live traffic updates and emergency assistance.Tourists will also be able to contact the district police officer directly through a “Text to DPO” feature.In an advisory issued ahead of the holidays, Murree police urged visitors to avoid peak travel hours on the second and third days of Eid al-Adha 2026 and advised motorists to check their vehicle fitness, brakes, and tyres before travelling on mountainous roads.Officials said the police were fully prepared to provide families with a safe environment meeting international standards during the Eid holidays.

Pakistan Railways (PR) has announced the operation of special trains for Eid -Ul-Adha 2026 to accommodate increased passenger demand during the holiday period.According to railway officials, the first special train will depart from Quetta to Rawalpindi on 24 May, 2026 while a second train will leave Karachi City for Rawalpindi on the same day.A third special train service is scheduled to run from Karachi Cantt to Lahore on 25 May, 2026.The special trains will include economy-class coaches and power vans.Pakistan Railways said the trains would operate in accordance with sectional speed limits, adding that speeds would not exceed 105 kilometres per hour.

The Government of Pakistan has announced the issuance of a commemorative Rs75 coin to mark 75 years of diplomatic relations with China.The Rs75 coin, which will be released for public circulation from 25 May 2026, will be available through the exchange counters of the field offices of the State Bank of Pakistan (SBP) Banking Services Corporation.Diplomatic relations between Pakistan and China were formally established on 21 May 1951.According to official details, the coin will be round in shape with milled edges and will be struck in a copper-nickel alloy consisting of 75 percent copper and 25 percent nickel.It will weigh 19.0 grams and have a diameter of 36.0 millimetres. OBVERSE: On the obverse side of the coin, the waxing crescent moon and five-pointed star facing North-West in rising position, is in the center.Along with the periphery on the top of the crescent star is inscribed in wording “ISLAMI JAMHURIA PAKISTAN” in Urdu script.Below the crescent and on the top of two springs of wheat with arms curved upward, there is the year of issuance 2026.The face value of the coin in the numeral “75” in bold letters and RUPIA in Urdu script are written on the right and left sides of the crescent star, respectively. REVERSE: On the reverse side of the coin, wording “75TH ANNIVERSARY OF PAKISTAN AND CHINA DIPLOMATIC RELATIONS” in English script is written along with the periphery on the top side of the coin and words “TRUST FRIENDSHIP SUPPORT” in English Script are written along with the periphery on the lower side of the coin.In the center of the coin, the national flags of the Islamic Republic of Pakistan and the People's Republic of China are shown. Below the national flags, artistically designed numeral “75” is shown representing the event.Years “1951” and “2026” are shown on the left and right sides of the artistically designed number “75”. Wordings “PAK CHEEN SAFARATI TAULUQAT KAY 75 SAAL” in Urdu and Chinese script are written above the national flags. Wordings “EITAMAD-DOSTI-MU’AWANAT” in Urdu and Chinese script are written below the artistically designed numeral “75”.Also Read: SBP shares update on new currency note designs

LAHORE: Counsel for PML-N MPA Saqib Khan Chadhar, Advocate Mian Ali Ashfaq, presented his client’s stance regarding the ongoing harassment case involving actress Momina Iqbal, ARY News reported.While speaking to the media on Thursday, the lawyer stated that Momina Iqbal and Saqib Khan Chadhar had been in contact since 2020, and said that detailed facts spanning the last five years would be presented during the proceedings. He added that the legal team has requested one week to submit a comprehensive response in the case.Advocate Ali Ashfaq further alleged that Momina Iqbal received continuous financial support over time and also made monetary demands exceeding Rs50 million.He claimed that the matter became complicated due to personal circumstances, including the actress’s earlier marital status, which, according to him, affected the relationship between the two parties.The counsel said the defence would present all relevant details before the investigating authorities in due course as the inquiry continues.According to details, both parties will reappear before the investigation team tomorrow as the inquiry continues into allegations levelled by the actress against the lawmaker.Officials directed Saqib Khan Chadhar to bring his mobile phone along for forensic examination and evidence review during the next hearing, sources said.Earlier, both Momina Iqbal and the PML-N MPA recorded their statements before the NCCIA investigation team and submitted evidence related to their respective claims.The investigation agency is currently reviewing the material provided by both sides as part of the ongoing probe into the harassment allegations.Authorities confirmed that further questioning of both parties is scheduled for tomorrow, as the inquiry moves into its next phase. The history behind the dispute between Momina Iqbal and Saqib Chadhar The dispute escalated after the actress’s marriage was arranged elsewhere. According to the legal team, Saqib Khan Chadhar was determined to marry Momina Iqbal “at any cost.”The lawyers alleged that Momina Iqbal and the PML-N MPA remained in contact during 2022 and 2023, adding that the lawmaker had formally sent a marriage proposal for the actress.However, the actress’s legal representatives claimed that Momina Iqbal later discovered the MPA was already married. They alleged that despite being married, Saqib Khan Chadhar wanted to contract a third marriage with the actress, prompting her to immediately end all ties with him.According to the lawyers, tensions further worsened after Momina’s engagement was fixed elsewhere, after which the MPA allegedly began harassing her. The legal team also accused the lawmaker of using his political influence to get a case registered against the actress’s fiancé.Momina Iqbal’s lawyers maintained that despite alleged threats, the actress’s wedding would take place on its scheduled date of June 1.https://www.youtube.com/watch?v=A6WOWge6d4g

Summer vacations have been announced for federal government educational institutions in Islamabad.According to an official notification, model schools, colleges, and other federal educational institutions in the capital, Islamabad, will remain closed from 25 May 2026 until 31 July, 2026. Classes are scheduled to resume on 3 August 2026.It was also stated in the notification that all educational institutions located in hotter regions of the province will close from 23 May 2026 until 31 July, 2026.The notification also issued several important directives for school heads, making it mandatory for all principals to complete their official records and administrative work before proceeding on summer vacations to avoid any issues.Also Read: Summer vacation schedule for schools revised in this provinceEarlier, the Sindh Education Department officially announced summer vacations for the province. It was clarified earlier that the provincial government had reached this decision regarding the summer break back in February.The department has issued a formal notification covering schools, colleges, and universities. According to the directive, all private and public educational institutions will remain closed for a two-month hiatus from June 1 to July 31.The notification states: “In pursuance of the decision taken during the Steering Committee on Education meeting held on February 12, 2026, summer vacations for all public and private educational institutions under the administrative control of the School Education and Literacy Department, Government of Sindh, shall be observed from June 1, 2026, to July 31, 2026, for the academic session 2026-2027.”

Dubai/Karachi, May 21, 2026 – The UAE Dirham (AED) displayed continued strength against the Pakistani Rupee (PKR), trading at 75.85 PKR in the open market today. This level indicates sustained stability for the Dirham, driven by the UAE’s resilient economic framework even as the Rupee deals with prevailing domestic economic conditions.Valuation Process of AED Against PKR Supply and demand dynamics in the global foreign exchange market primarily determine the exchange rate between the UAE Dirham and the Pakistani Rupee. The UAE’s broad-based economy, spanning oil and gas, tourism, real estate, aviation, logistics, and financial services, continues to draw strong foreign investment and generate reliable inflows. Anchored by its peg to the US Dollar at around 3.6725 AED = 1 USD, the Dirham enjoys structural stability with minimal volatility. Healthy trade surpluses in the UAE further bolster the currency, while remittances from Pakistani expatriates working in the UAE provide steady support for the PKR. However, Pakistan’s trade deficits and import requirements keep exerting pressure on the Rupee. The Central Bank of the UAE prioritizes maintaining currency steadiness, whereas the State Bank of Pakistan employs interest rate measures and market interventions to tackle inflation and safeguard the PKR. Factors such as oil price movements, regional stability in the Gulf, and global investor outlook toward emerging markets also shape the exchange rate. The current rate of 75.85 PKR per AED once again demonstrates the Dirham’s enduring firmness.Impact of the Current Rate Pakistani workers in the UAE stand to gain as their salaries translate into a stable amount of Rupees when sent home, offering consistent support to families and aiding Pakistan’s foreign exchange reserves. At the same time, Pakistani importers may experience slightly increased expenses when dealing in Dirham-denominated goods and services. The firm Dirham position strengthens the UAE’s role as a dependable economic ally and helps sustain bilateral trade and investment links between the two countries. Overall, the exchange rate movement highlights the clear distinction between the UAE’s diversified and steady economic progress and the internal challenges confronting Pakistan’s economy, including inflation management and reserve strengthening.Brief Introduction to AED and PKR The United Arab Emirates Dirham (AED) is the official currency of the UAE. Introduced in 1973, it is pegged to the US Dollar and subdivided into 100 fils. It is widely regarded as a symbol of monetary stability in the Gulf region, with banknotes issued in denominations of 5, 10, 20, 50, 100, 200, and 500 AED. The Pakistani Rupee (PKR) is the official currency of Pakistan, issued and regulated by the State Bank of Pakistan. Introduced in 1947 after independence, it is subdivided into 100 paisa (though paisa coins are rarely used). Symbolized as ₨ or Rs, common banknote denominations include 10, 20, 50, 100, 500, 1,000, and 5,000 PKR. The PKR operates under a managed float and responds more directly to domestic economic conditions.

KARACHI: The Saudi Riyal (SAR) dropped sharply today, closing at Rs74.06 against the Pakistani Rupee (PKR) in the open market — a significant decline and one of the lowest levels recorded in recent months, according to leading currency dealers in Karachi. The selling rate settled around Rs74.63. The pair remains locked in the same exceptionally narrow, low-volatility channel it has followed since early January 2026 — now spanning more than four months of remarkably compressed price action. Today’s drop marks a fresh soft point within the prolonged tight range and stays significantly below the 2025 mid-year high of Rs76.03 (July peak).Remittance lifeline faces growing strain The Saudi Riyal continues to serve as the single most important monthly income source for millions of Pakistani households. Workers in Saudi Arabia’s construction, healthcare, hospitality and domestic sectors keep the remittance corridor active and reliable. Saudi Arabia retains its position as the top remittance-origin country, contributing $913.3 million in May 2025 alone — the largest single-country inflow. Cumulative remittances from July 2024 to May 2025 reached $34.9 billion, reflecting a strong 28.8% year-on-year increase. At today’s rate of Rs74.06, every 1,000 Riyals sent home equals Rs74,060 — a noticeable reduction from earlier levels. While still providing essential support for school fees, medical treatment, groceries, utility bills and household needs, the ongoing weakness is putting mounting pressure on remittance-reliant families amid persistent inflation.Economic implications of today’s rate A Riyal trading around Rs74.06 generates opposing forces: Remittance-receiving households face a slow but steady erosion in real purchasing power. Importers of Saudi crude oil, refined products and petrochemicals continue to enjoy lower costs in rupee terms. Pakistan’s trade balance gains modest indirect relief from cheaper imports. Foreign exchange reserves (above $11 billion as of late 2024) are still being steadily supported by these inflows, helping the State Bank manage inflation and external debt obligations. The softer Rupee also helps keep Pakistani exports (rice, textiles, leather, surgical instruments, fresh produce) attractive on international markets.Quick reference: the two currencies Saudi Riyal (SAR) — subdivided into 100 halala, rigidly pegged to the US dollar (≈ 3.75 SAR = 1 USD), managed by SAMA for maximum stability. Pakistani Rupee (PKR) — symbol ₨, operates under a managed float supervised by the State Bank of Pakistan, influenced by inflation, trade balance and — most importantly — remittance volumes. Looking ahead The SAR–PKR pair has now spent more than four months in this unusually tight range — one of the longest periods of sustained low volatility in recent memory. With overseas Pakistani worker outflows remaining robust and seasonal drivers (Hajj/Umrah travel, fiscal year-end bonuses) still providing support, the remittance corridor is expected to stay one of Pakistan’s most dependable economic links. A decisive break from this range would likely require a meaningful shift in global dollar strength, oil prices or domestic reserve dynamics. For the time being, the Riyal at Rs74.06 continues to serve as a quiet but critical pillar for millions of households — though each paisa of erosion is felt more acutely with time. Sources: State Bank of Pakistan, Forex Association of Pakistan, open-market dealer quotes

LAHORE: The National Cyber Crime Investigation Agency (NCCIA) has summoned actress Momina Iqbal and PML-N MPA Saqib Khan Chadhar again for further investigation in the ongoing harassment case. The agency is continuing its probe, while the history of the relationship between the two and the events leading to the dispute are also outlined below.According to details, both parties will reappear before the investigation team tomorrow as the inquiry continues into allegations levelled by the actress against the lawmaker.Officials directed Saqib Khan Chadhar to bring his mobile phone along for forensic examination and evidence review during the next hearing, sources said.Earlier, both Momina Iqbal and the PML-N MPA recorded their statements before the NCCIA investigation team and submitted evidence related to their respective claims.The investigation agency is currently reviewing the material provided by both sides as part of the ongoing probe into the harassment allegations.Authorities confirmed that further questioning of both parties is scheduled for tomorrow, as the inquiry moves into its next phase. The history behind the dispute between Momina Iqbal and Saqib Chadhar The dispute escalated after the actress’s marriage was arranged elsewhere. According to the legal team, Saqib Khan Chadhar was determined to marry Momina Iqbal “at any cost.”The lawyers alleged that Momina Iqbal and the PML-N MPA remained in contact during 2022 and 2023, adding that the lawmaker had formally sent a marriage proposal for the actress.However, the actress’s legal representatives claimed that Momina Iqbal later discovered the MPA was already married. They alleged that despite being married, Saqib Khan Chadhar wanted to contract a third marriage with the actress, prompting her to immediately end all ties with him.According to the lawyers, tensions further worsened after Momina’s engagement was fixed elsewhere, after which the MPA allegedly began harassing her. The legal team also accused the lawmaker of using his political influence to get a case registered against the actress’s fiancé.Momina Iqbal’s lawyers maintained that despite alleged threats, the actress’s wedding would take place on its scheduled date of June 1.Also Read: Momina Iqbal case takes new turn as PML-N MPA appears before investigators

The Kuwaiti Dinar (KWD) remained unchanged against the Pakistani Rupee (PKR) in the open market on Thursday, May 21, 2026, reflecting stable trading activity in the currency market.According to exchange market data, the buying rate of the Kuwaiti Dinar stood at Rs. 879.28, while the selling rate was recorded at Rs. 890.25.On May 20, 2026, the Kuwaiti currency traded at the same levels, with the buying rate at Rs. 879.28 and the selling rate at Rs. 890.25.The comparison indicates that the Kuwaiti Dinar registered no gain or loss against the Pakistani Rupee on a day-to-day basis.Kuwaiti Dinar Remains Among World’s Strongest CurrenciesThe Kuwaiti Dinar continues to maintain its position as one of the world’s highest-valued currencies, supported by Kuwait’s oil-based economy, strong fiscal position, and substantial sovereign wealth reserves.Financial analysts say the currency’s stability is reinforced by Kuwait’s managed exchange rate framework, which is linked to a basket of major international currencies. Stable oil revenues and healthy government reserves continue to provide long-term support to the Dinar.Pakistani Rupee Faces Economic PressuresIn contrast, the Pakistani Rupee operates under a market-based exchange rate system and remains vulnerable to inflationary pressures, external debt repayments, trade imbalances, and fluctuations in foreign exchange reserves.However, economists note that steady remittance inflows and monetary policy measures introduced by the State Bank of Pakistan have helped contain excessive volatility in the local currency market.Strong Dinar Impacts Trade and ImportsThe strength of the Kuwaiti Dinar increases the cost of imports for Pakistan, particularly in sectors linked to petroleum products and industrial supplies, potentially adding pressure on the country’s import bill.At the same time, exchange rate stability benefits Kuwaiti investors by increasing their purchasing power in Pakistan, while Pakistani exporters may face pricing challenges as goods become relatively more expensive in Dinar terms.Overseas Pakistanis Continue to BenefitThousands of Pakistani expatriates working in Kuwait continue to benefit from the Dinar’s strong value, as remittances sent back home convert into higher rupee amounts.These remittance inflows remain an important source of financial support for households across Pakistan, particularly amid rising living costs and inflationary pressures.Outlook for KWD/PKR PairCurrency dealers expect the KWD/PKR exchange rate to remain relatively stable in the near term. Analysts believe future movements will largely depend on global oil price trends, Kuwait’s fiscal outlook, and Pakistan’s broader macroeconomic performance.Experts add that Pakistan’s efforts to strengthen foreign exchange reserves, reduce the trade deficit, and maintain inflation control will remain critical for the Rupee’s long-term stability against major Gulf currencies.Disclaimer: Exchange rates may fluctuate during trading hours and may vary among banks, exchange companies, and financial institutions.

The Omani Riyal (OMR) remained stable against the Pakistani Rupee (PKR) in the open market on Thursday, May 21, 2026, amid steady demand for Gulf currencies and stable remittance inflows.According to currency market data, the buying rate of the Omani Riyal was recorded at Rs. 722.00, while the selling rate stood at Rs. 733.25.On May 20, 2026, the Omani Riyal was available at the same buying rate of Rs. 722.00, while the selling rate was also recorded at Rs. 733.25.The comparison shows that the Omani Riyal registered no gain or loss against the Pakistani Rupee on a day-to-day basis, reflecting stable trading activity in the open market.Oil Prices Continue to Support RiyalFinancial analysts say the Omani Riyal continues to benefit from stability in global crude oil prices, as Oman’s economy remains heavily reliant on energy exports.Balanced Brent crude prices in recent trading sessions have helped maintain the strength of Gulf currencies, including the Riyal. Since the Omani currency is pegged to the US dollar, monetary policy decisions in the United States also influence its overall market direction.Remittances Help Stabilize RupeeMeanwhile, consistent remittance inflows from overseas Pakistanis are helping support the Pakistani Rupee and improving foreign exchange liquidity in the country.Monthly remittances have remained close to the $3.8 billion level, assisting Pakistan in managing external financing requirements and maintaining relative currency stability. Analysts also credit inflation control measures and policies introduced by the State Bank of Pakistan for limiting sharp exchange rate fluctuations.Overseas Pakistanis Continue to BenefitThe stable OMR/PKR exchange rate remains beneficial for thousands of Pakistani expatriates working in Oman, especially in Muscat and other commercial centers.At prevailing exchange rates, a worker earning 500 OMR can remit nearly Rs. 361,000 to Pakistan, providing significant support for household expenses, education, and family savings.Experts believe exchange rate stability has helped overseas workers maintain predictable remittance values despite uncertainty in international financial markets.Trade Relations Remain ActivePakistan and Oman continue to maintain active trade relations, with bilateral trade estimated between $1 billion and $1.2 billion annually.Pakistan exports textiles, rice, food items, and consumer products to Oman, while importing industrial materials and energy-related products. Market observers note that a stable Riyal helps businesses manage trade costs more effectively.Stable Rates Support Travelers and BusinessesThe stable exchange rate has also provided convenience for travelers, students, and businesses planning transactions related to Oman.At current market levels, Rs. 1,000 converts into approximately 1.38 OMR, helping travelers and students estimate overseas expenses with greater accuracy.Market OutlookCurrency dealers expect the OMR/PKR pair to remain largely range-bound in the near term. However, future exchange rate movements may depend on oil price trends, US economic conditions, remittance inflows, and Pakistan’s external account situation.Experts continue to advise individuals and businesses to use licensed exchange companies and regulated banking channels for safe and transparent foreign exchange transactions.Disclaimer: Exchange rates may fluctuate during market trading hours and can vary among banks, exchange companies, and financial institutions.

KARACHI: A viral video has emerged from Karachi showing a violent road rage incident in the Ferozabad area, where a dispute over giving way escalated into harassment and vandalism, ARY News reported.According to details, the incident took place on the evening of May 20 in Karachi, when a young man allegedly became enraged after a driver did not give way to his vehicle. The situation quickly escalated, and the suspect allegedly harassed a family sitting inside their car in Karachi.The viral video circulating on social media shows the accused approaching the vehicle and damaging it, while also intimidating the passengers. The affected citizen, Waseem Cheema, later filed a written complaint at Ferozabad Police Station in Karachi.In his application, Waseem Cheema stated that he, his wife, and his special-needs child were present inside the car when the incident occurred. He alleged that occupants of a larger vehicle pressured him to reverse his car despite there being no space to move back.https://www.youtube.com/watch?v=q_t_RnwcKYwThe complainant further stated that when he refused, the suspects began issuing threats and became aggressive. He added that the accused kicked and punched his vehicle, causing damage in full view of witnesses and the ongoing viral video recording.Karachi police confirmed that they have received the written complaint and assured that a case will be registered. Officials said the individuals involved in vandalism and harassment will be arrested after an investigation.Authorities added that the viral video is being examined as part of the evidence, and legal action will be taken accordingly. Police reiterated that strict action will follow once the suspects are identified in Karachi.Watch: Viral CCTV shows pet dog attacking sacrificial animal in Lahore

The UK Pound (GBP) remained unchanged against the Pakistani Rupee (PKR) in the open market in Pakistan on Thursday, May 21, 2026, as currency exchange rates showed no movement compared to the previous trading session.According to market figures, the buying rate of the UK Pound was recorded at Rs. 373.10, while the selling rate stood at Rs. 378.60.On May 20, 2026, the Pound was available at the same rates, with the buying price at Rs. 373.10 and the selling price at Rs. 378.60.This indicates that the Pound registered no gain or loss against the Pakistani Rupee on a day-to-day basis, reflecting stable sentiment in the open currency market.The UK Pound, the official currency of the United Kingdom, continues to remain one of the world’s strongest currencies due to support from the country’s monetary policy, economic performance, and investor confidence.Meanwhile, the Pakistani Rupee remains under pressure amid inflation concerns, external financing requirements, and fluctuations in foreign exchange reserves. The State Bank of Pakistan has maintained its benchmark interest rate at 10.50 percent to support economic stability and inflation control.The strong Pound continues to increase costs for Pakistani importers, students, and businesses dealing with the UK market. A payment of £10,000 now requires nearly Rs. 3.79 million in the local market, increasing the financial burden on importers and families paying overseas educational expenses.However, overseas Pakistanis residing in Britain are benefiting from the Pound’s strength, as remittances sent from the UK now convert into higher amounts in Pakistani Rupees. At current exchange rates, £100 converts into around Rs. 37,843 in the open market.Currency analysts believe the outlook for the GBP/PKR pair remains positive, although future movements will depend on UK economic indicators, Bank of England policies, Pakistan’s export performance, IMF-related developments, and overall market sentiment.Disclaimer: Exchange rates may vary during trading hours and differ among banks, exchange companies, and financial institutions.

KARACHI – May 21, 2026 – The State Bank of Pakistan (SBP) published the official currency rates for Thursday, showing further softening in the US Dollar (USD) against the Pakistani Rupee (PKR). The Kuwaiti Dinar (KWD) once again claimed the title of the most valuable currency in the interbank market, offering the highest exchange value per unit. Currency dealers noted that the rupee's steady appreciation reflects sustained remittance inflows and improved foreign reserves ahead of the Eid holidays.US Dollar (USD) Extends Losses The US Dollar was quoted at Rs. 277.80 for buying and Rs. 279.30 for selling on May 21, 2026 — marking a continued decline from earlier in the week. The greenback's downward trajectory signals reduced import pressure and ample dollar liquidity within the banking system. The USD/PKR pair remains the cornerstone benchmark for international trade settlements, overseas worker remittances, and monitoring Pakistan's external account health under the IMF framework.UK Pound (GBP) Eases Further The British Pound Sterling (GBP) was recorded at Rs. 365.00 for buying and Rs. 367.50 for selling, slipping modestly from previous sessions. Despite the decline, remittances originating from the United Kingdom continue to provide dependable support to Pakistan's foreign currency reserves. The Pound's softer posture against the Rupee offers some relief to importers and businesses transacting with UK-based partners.Euro (EUR) Moves Lower The Euro traded at Rs. 318.25 for buying and Rs. 320.75 for selling, showing continued weakness. The single currency depreciated against the Rupee amid cautious sentiment surrounding Eurozone economic prospects. For Pakistani students preparing to study in European Union countries and travelers booking summer trips to Europe, the Euro has become slightly more affordable compared to previous weeks.Canadian Dollar (CAD) Drifts Down The Canadian Dollar (CAD) was quoted at Rs. 201.90 (buying) and Rs. 204.15 (selling). The modest pullback occurred despite relatively stable crude oil prices, which typically underpin the commodity-linked Canadian currency. The CAD/PKR rate remains a vital figure for Pakistani families financing education for students enrolled at Canadian universities, as tuition-related remittances often increase ahead of upcoming semesters.Middle East Powerhouses: Bahraini Dinar, Kuwaiti Dinar, Omani Riyal Gulf currencies, which directly shape the remittance value received by millions of Pakistani expatriate households, recorded the following rates: Kuwaiti Dinar (KWD): Remained the strongest currency against the Pakistani Rupee, trading at Rs. 905.50 (buying) and Rs. 910.00 (selling) — still hovering near peak levels. Bahraini Dinar (BHD): Quoted at Rs. 738.00 (buying) and Rs. 741.50 (selling), holding firm due to its fixed dollar peg. Omani Riyal (OMR): Recorded at Rs. 721.80 (buying) and Rs. 725.05 (selling). These favorable exchange rates mean that Pakistani workers employed in Kuwait, Bahrain, and Oman continue to enjoy substantial rupee value for their remitted earnings, offering a critical financial cushion for families grappling with domestic inflation.Other Currencies in Brief Elsewhere on the list, the Australian Dollar (AUD) changed hands at Rs. 180.20/182.45, while the Japanese Yen (JPY) remained low at Rs. 1.83/1.90 per unit. The Swiss Franc (CHF) was quoted at Rs. 326.00/328.50, and the Chinese Yuan (CNY) came in at Rs. 37.90/38.45. The UAE Dirham (AED) and Saudi Riyal (SAR) — both pegged to the US Dollar — stood at Rs. 75.55/75.95 and Rs. 74.00/74.45 respectively. The Qatari Riyal (QAR) was reported at Rs. 76.15/76.65. Disclaimer: These are the interbank rates issued by the State Bank of Pakistan for May 21, 2026. Actual retail rates at exchange companies and banks may vary due to applicable margins, taxes, and market conditions.

KARACHI: Police have arrested a man in connection with a fatal hit-and-run accident that claimed the life of a food delivery rider in Karachi’s DHA area.According to SSP South Tauheed Rehman, the incident took place on May 10 near Ittehad Park. The suspect, identified as Hamza Shamim, allegedly lost control of the speeding car, resulting in the deadly collision.The victim, identified as 25-year-old Zeeshan, was working as a food delivery rider for a private company. He sustained critical injuries after being hit by the vehicle and later died.Police said a case was registered at Gizri Police Station on May 10. Investigators collected evidence from the scene and traced the suspect with the help of CCTV footage installed in the surrounding area.According to police, the car involved in the accident was later found parked at a workshop near Hill Park on Tariq Road. Investigations revealed that the vehicle had previously been sold by its former owner, Amir Ali, to Nisar Ahmed, who had left it at the workshop for repairs.Police said Hamza, who worked at the workshop, allegedly took the car out at around 2:30am and returned it at approximately 8:00am before fleeing. Officials added that the workshop’s security guard is Hamza’s brother, and the suspect reportedly handed the car keys to him before leaving.Read More: Father of deceased food delivery rider pardons driverThe body of the deceased rider was sent to his hometown in Dera Ismail Khan for burial. Family members said Zeeshan was the sole breadwinner for his four sisters and one brother.Fellow food delivery riders demanded justice for the victim. They raised concerns over the growing number of traffic accidents across the city in which delivery riders are losing their lives.

ISLAMABAD: A petition has been filed in the Federal Constitutional Court seeking restoration of Ali Amin Gandapur as the chief minister of Khyber Pakhtunkhwa, ARY News reported on Thursday.A petition filed by Sher Afzal Marwat in the constitutional court pleaded to the FCC to declare the former KP chief minister Ali Amin Gandapur's resignation as unconstitutional and void."De-notifying Gandapur has been unlawful and in collision with the constitution," petitioner argued.His resignation was taken on the dictation of a convicted and disqualified person, petition read.The petition also seeks abrogation of the notification of Sohail Afridi's appointment as chief minister of the province and restoration of Ali Amin Gandapur as chief minister.Petitioner also argued that the resignation of Gandapur was taken by applying pressure thus the resignation has not been legitimate.Applicant pleaded to the court that all official decisions made in result of unconstitutional measures should also been declared as cancelled.

KARACHI: The Iranian rial (IRR) continues to draw notable attention in Pakistan’s informal currency market as of Thursday, May 21, 2026, with steady buyer activity helping sustain the local premium. Currency dealers across Karachi, Quetta, and Lahore report that the standard bundle of 1 crore Iranian rials (10 million IRR) is trading between PKR 8,000 and PKR 10,000 in the cash segment. This level continues to stand three to four times above the earlier baseline near PKR 2,500, despite the rial’s ongoing weakness versus leading global currencies.IRR to PKR - Daily Updates Current Rates as of May 21, 2026 Rates vary by dealer, city, and deal volume — always verify with authorized exchange companies for real-time quotes. Open Market (Informal Cash Market in Pakistan – Premium Bundle Rate) (Approx. based on PKR 8,000–10,000 for 1 crore / 10 million IRR) 1 PKR buys approximately 1,000 Iranian rials 10 PKR buys approximately 10,000 Iranian rials 1,000 PKR buys approximately 1,000,000 Iranian rials (10 lakh rials) 1 crore IRR costs approximately PKR 8,000–10,000 Authentic / Mid-Market Rate (International benchmark / official conversion rate – no local premium) (Approx. 1 PKR ≈ 4,700–4,730 Iranian rials) 1 PKR buys approximately 4,715 Iranian rials 10 PKR buys approximately 47,150 Iranian rials 1,000 PKR buys approximately 4,715,000 Iranian rials (approx. 47.15 lakh rials) (Equivalent: 1 crore IRR ≈ PKR 2,120–2,130) Why people are still buying the Iranian rial in Pakistan Demand stays fueled by two primary drivers: Speculation and investment: Buyers and traders keep acquiring rials in anticipation of possible gains linked to US-Iran diplomatic developments, sanctions relief hopes, or other regional geopolitical changes that might bolster the currency going forward. It is widely seen as a quick-profit play amid current conditions. Cross-border trade needs: Ongoing requirement for physical rials persists in informal and semi-official trade with Iran, particularly for petroleum products, fuel, food items, and other merchandise via Balochistan border channels. Recent adjustments in transit and export policies have backed this flow, where cash settlements in rials are essential. Experts warn that although the domestic premium offers trading chances, the rial continues to show high volatility on the global stage. Small buyers should watch out for hazards like fake notes and abrupt shifts if trade patterns or political events evolve.

LAHORE: Fresh developments have emerged in the alleged harassment case filed by Pakistani actress Momina Iqbal against PML-N MPA Saqib Khan Chadhar, as both parties appeared before the National Cyber Crime Investigation Agency (NCCIA) during the ongoing inquiry, ARY News reported.Momina Iqbal appeared before NCCIA officials along with her legal team, including Advocates Adnan Ahsan and Rimsha Iqbal. Later, Saqib Khan Chadhar also appeared before the investigation team, accompanied by his counsel, Advocate Mian Ali Ashfaq, and other lawyers.Speaking outside the NCCIA office, Momina Iqbal’s lawyers claimed the PML-N lawmaker had earlier been issued formal notices by the agency but had initially failed to appear before investigators.Advocate Adnan Ahsan told reporters that the dispute escalated after the actress’s marriage was arranged elsewhere. According to the legal team, Saqib Khan Chadhar was determined to marry Momina Iqbal “at any cost.”https://www.youtube.com/watch?v=VcNUjswJjc4The lawyers alleged that Momina Iqbal and the PML-N MPA remained in contact during 2022 and 2023, adding that the lawmaker had formally sent a marriage proposal for the actress.However, the actress’s legal representatives claimed that Momina Iqbal later discovered the MPA was already married. They alleged that despite being married, Saqib Khan Chadhar wanted to contract a third marriage with the actress, prompting her to immediately end all ties with him.According to the lawyers, tensions further worsened after Momina’s engagement was fixed elsewhere, after which the MPA allegedly began harassing her. The legal team also accused the lawmaker of using his political influence to get a case registered against the actress’s fiancé.Also Read: Momina Iqbal harassment case: CM Maryam Nawaz takes immediate actionMomina Iqbal’s lawyers maintained that despite alleged threats, the actress’s wedding would take place on its scheduled date of June 1.The legal team further stated that all documentary evidence related to the alleged harassment had been submitted before NCCIA officials. They said the agency’s officers gave a “positive response” during proceedings and expressed hope that justice would be served.The lawyers also thanked Punjab Chief Minister Maryam Nawaz for taking immediate notice of the matter.