Islamabad: Federal Minister for Economic Affairs Ahad Cheema chaired a high-level meeting to review the implementation framework of the ML-1 Karachi–Rohri Section and discuss measures for expediting progress on the project.Secretary Economic Affairs Muhammad Humair Karim and Secretary Railways Mazhar Ali Shah briefed the meeting on the ongoing work and preparatory arrangements related to ML-1.Country Director of the Asian Development Bank (ADB) Emma Fan and senior ADB officials also participated in the discussions.The Minister directed the Ministry of Railways to accelerate the documentation process for the project in close coordination with the ADB and the Economic Affairs Division.He emphasized that Prime Minister Shehbaz Sharif is keen to ensure that the groundbreaking ceremony of the ML-1 project is held within the current year.Ahad Cheema stated that the government aims to secure ADB funding in the upcoming fiscal year and noted that timely completion of documentation and procedural requirements would be essential to achieving this objective.He further instructed the Ministry of Railways to coordinate closely with the Planning Division to ensure readiness of the PC-1 and other mandatory project requirements.The Minister underscored the government’s determination to move the project forward efficiently while ensuring transparency and avoiding procedural gaps. He described ML-1 as a landmark initiative that will significantly improve freight movement and strengthen railway services across the country.The Minister said the Karachi–Rohri section is a starter and will be implemented come what may.He added that the government is coordinating with other development partners for the remaining sections of ML-1 and will strive to finalize agreements for the entire ML-1 project from Karachi to Peshawar.ADB Country Director Emma Fan appreciated the efforts of the Economic Affairs Division and the Ministry of Railways in advancing the project.She reaffirmed ADB’s commitment to supporting the government in expediting documentation and related formalities, stated that ADB would ensure the timely hiring of the PRF consultant, and added that the Bank would make every effort to minimize the project review timeline to facilitate the swift implementation of this strategically important initiative.

KARACHI: Due to the relocation and lowering of gas pipelines near the Nipa Flyover, gas supply will be temporarily suspended in several areas of Karachi during the night of Saturday, May 23, and Sunday, May 24. This was reported by ARY News, citing a social media post from Sui Southern Gas Company Limited (SSGC).According to the SSGC, the work is being conducted at the request of Trans Karachi. The project involves lowering a heavy-pressure pipeline (20-inch diameter) near the BRT route at Nipa.The SSGC aims to complete the work during a scheduled shutdown starting Saturday at 10:00 PM and ending Sunday at 5:00 AM.However, due to the technical nature of the task, work may extend until 8:00 AM on Sunday.During this period, gas supply will be suspended or disrupted in major areas, including Liaquat National Hospital, Aga Khan University Hospital, and Karachi Central Prison.Affected Areas Include:All Blocks of Gulshan-e-IqbalPIB ColonyJamshed RoadLines AreaPECHSSaddarAs the work will be completed, the consumers will be informed promptly, and eventually gas will be restored.It is mentioned that the regular shutdown of SSGC continues to affect Karachi from 10 am to 12 pm, then from 3 pm to 6 pm. Later, from 10 pm to 6 am the next morning.  

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday approved a four-year extension for the Director General (DG) of the Intelligence Bureau (IB), Fawad Asad Ullah, ARY News reported.The Prime Minister granted the four-year extension, and the Ministry of Interior has officially issued a notification in this regard.In an official statement, the government emphasized that the decision is a recognition of Fawad Asad Ullah's professional expertise and his outstanding role in safeguarding national security.The decision holds particular significance given the rapidly changing regional and international security dynamics.Fawad Asad Ullah was initially appointed DG IB on April 21, 2022.Notably, he is the first officer from the intelligence cadre to be appointed to the top post following his promotion to Grade 22.He brings with him four decades of extensive experience in both operational and strategic intelligence.In recognition of his services, he was awarded the Tamgha-e-Shujaat in 1996 and the Sitara-e-Shujaat in 2017.He was also honored with the Hilal-e-Imtiaz last year in recognition of his pivotal role in Marka-e-Haq.

Karachi, May 22, 2026 – Silver prices in Pakistan have displayed firm upward momentum today, with the chandi ka rate at Rs. 7,910 per tola—demonstrating sustained strength driven by international precious metals trends and active local demand. This performance continues the recent positive pattern, as silver remains highly responsive to global market signals and safe-haven buying interest. Current local rates stand at Rs. 6,780 per 10 grams and Rs. 678 per gram, supported by international spot silver activity and its reliable linkage to gold. The metal continues to draw attention as a practical safe-haven choice and vital industrial resource in the prevailing economic climate. This firmness aligns with gold’s steady positioning (local 24K gold around Rs. 510,000+ per tola), highlighting the synchronized dynamics between the two metals amid ongoing market conditions.Key Factors Driving the Silver Price Increase in Pakistan Strong Link to Gold Rally – Gold’s solid footing (international spot near $5,100+/oz and local rates firm) supports silver, as traders regularly combine both for protection and diversification aims. International Spot Silver Momentum – Global silver has preserved forceful upward influence (spot levels in elevated ranges), swiftly amplifying local PKR valuation via import outlays and currency exchange impacts. Reliable Industrial Demand – Silver’s pivotal applications in solar panels, electric vehicles, electronics, and clean energy domains secure ongoing uptake, fortifying prices through assorted market situations. Local Buyer Engagement – Pakistani acquirers and jewelers are exhibiting steady participation with silver as a shield against inflation and a comparatively economical precious metal relative to gold, powering today’s firm trend in Sarafa markets. Analysts stress silver’s oscillating yet hopeful nature—recent movements have sustained this steady phase—upheld by investment attractiveness and industrial core elements. Buyers and investors should always verify live Sarafa market quotes prior to transactions, as prices respond swiftly to international shifts and local conditions. For the most accurate real-time silver rate in Pakistan today, chandi ka rate, silver price per tola, or silver price per gram, refer to trusted platforms like Hamariweb, UrduPoint, FOREX.pk, or your local Sarafa market. Silver continues to present interesting opportunities in the current precious metals environment—stay updated for well-timed choices.Current Silver Rates in Pakistan (May 22, 2026) Weight Rate (PKR) Notes 1 Gram 678 Fine/Pure Silver 10 Grams 6,780 Fine/Pure Silver 1 Tola 7,910 Standard Sarafa Market Rate Rates are approximate and based on latest Karachi Sarafa/local reports (e.g., Hamariweb); slight variations may occur by city, dealer, or intraday changes. Always confirm with local jewelers or markets for exact pricing before transactions.

The Minister of State for Finance of Pakistan, Bilal Azhar Kayani, hinted that the government’s ability to provide relief remained limited because of the country’s program with the International Monetary Fund (IMF).At a pre-budget seminar hosted by the Rawalpindi Chamber of Commerce and Industry, Minister of State for Finance said the government of Pakistan recognised the need to reduce the tax burden on salaried individuals and taxpayers, but he also highlighted the government’s compulsion because of the IMF program.The Minister has also said the privatisation of the national carrier, Pakistan International Airlines (PIA) had reduced pressure on the national exchequer.He added that the next privatisation target would be the power sector, which he said continued to place a financial burden on the treasury because of line losses.Bilal Azhar Kayani said higher revenues had been collected through tax enforcement measures during the current fiscal year, adding that the government had generated Rs.803 billion through enforcement efforts in the previous financial year.The minister said the government of Pakistan had received budget proposals from the business community and remained in contact with chambers of commerce across the country.He added that attracting further investment would depend on improving Pakistan’s existing business model.

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) Senator Faisal Sabzwari was stopped at the Karachi airport on Friday while attempting to travel to Dubai, ARY News reported.The MQM-P leader arrived at Jinnah International Airport at 2:30 PM to board flight FZ-336 to Dubai. However, he was denied a boarding pass at the check-in counter.Sources stated that the airline staff barred him from traveling due to documentation issues, a lack of visa clearance, or an alleged compatibility glitch with his visa.https://youtu.be/J4rsivaJoPs?si=9iuOimWaxKQd-DGnConsequently, Sabzwari had to leave the airport without traveling to his destination. Sources added that he departed the airport to return home at around 4:45 PM.

KARACHI – May 22, 2026 – The State Bank of Pakistan (SBP) issued the official foreign currency rates for Friday, showing further depreciation in the US Dollar (USD) against the Pakistani Rupee (PKR). The Kuwaiti Dinar (KWD) once again stood atop the interbank market as the highest-valued currency, delivering maximum returns for overseas remitters. Forex analysts observed that the rupee's sustained recovery is being driven by healthy remittance inflows and improving foreign exchange buffers as the country approaches the Eid holidays.US Dollar (USD) Extends Downward Momentum The US Dollar was quoted at Rs. 277.50 for buying and Rs. 279.00 for selling on May 22, 2026 — marking a fresh decline from Thursday's levels. The greenback's persistent slide reflects diminished import demand and comfortable dollar availability across the banking network. The USD/PKR pair continues to serve as the essential reference point for trade financing, expatriate remittances, and tracking Pakistan's external sector performance under the ongoing IMF program.UK Pound (GBP) Moves South The British Pound Sterling (GBP) was recorded at Rs. 364.70 for buying and Rs. 367.20 for selling, retreating modestly from the previous session. Despite the dip, remittance flows from the United Kingdom remain a steady source of foreign currency for Pakistan's economy. The Pound's weaker stance against the Rupee provides some breathing room for businesses engaged in imports from UK-based suppliers.Euro (EUR) Slides Further The Euro traded at Rs. 317.90 for buying and Rs. 320.40 for selling, showing continued softness. The single currency lost further ground against the Rupee amid lingering concerns over Eurozone economic momentum. For Pakistani students planning to enroll in European universities and families booking summer travel to EU destinations, the Euro has become progressively more affordable over the past week.Canadian Dollar (CAD) Pares Back The Canadian Dollar (CAD) was quoted at Rs. 201.60 (buying) and Rs. 203.85 (selling). The modest pullback came despite largely steady crude oil prices, which normally underpin the loonie. The CAD/PKR rate remains a key metric for thousands of Pakistani households supporting students at Canadian educational institutions, as tuition-related remittances tend to pick up ahead of new academic sessions.Middle East Giants: Bahraini Dinar, Kuwaiti Dinar, Omani Riyal Gulf currencies, which directly influence the purchasing power of millions of Pakistani expatriate families, posted the following rates: Kuwaiti Dinar (KWD): Held its position as the strongest currency against the Pakistani Rupee, trading at Rs. 904.80 (buying) and Rs. 909.30 (selling) — still hovering near record highs. Bahraini Dinar (BHD): Quoted at Rs. 737.50 (buying) and Rs. 741.00 (selling), remaining stable due to its fixed peg to the US Dollar. Omani Riyal (OMR): Recorded at Rs. 721.20 (buying) and Rs. 724.45 (selling). These elevated exchange rates mean that Pakistani workers employed in Kuwait, Bahrain, and Oman continue to enjoy outstanding rupee value for their remitted earnings, offering a vital financial lifeline for families navigating domestic inflation.Other Currencies at a Glance Among other actively traded currencies, the Australian Dollar (AUD) changed hands at Rs. 180.00/182.25, while the Japanese Yen (JPY) remained low at Rs. 1.83/1.90 per unit. The Swiss Franc (CHF) was quoted at Rs. 325.70/328.20, and the Chinese Yuan (CNY) came in at Rs. 37.85/38.40. The UAE Dirham (AED) and Saudi Riyal (SAR) — both pegged to the US Dollar — stood at Rs. 75.45/75.85 and Rs. 73.90/74.35 respectively. The Qatari Riyal (QAR) was reported at Rs. 76.05/76.55. Disclaimer: These are the interbank rates issued by the State Bank of Pakistan for May 22, 2026. Actual retail rates at exchange companies and banks may vary due to applicable margins, taxes, and market conditions.

ISLAMABAD: The National Disaster Management Authority (NDMA) has issued a weather alert forecasting heavy rainfall in Karachi and several other parts of the country during the coming days, warning authorities to remain prepared for possible urban flooding and weather-related disruptions, ARY News reported.According to the advisory, Karachi is likely to receive heavy rain from the fourth day of Eid al Adha, while other cities of Sindh including Hyderabad, Thatta and Badin are expected to experience rain accompanied by strong winds on May 30 and 31.The NDMA further stated that several areas of Punjab, including Islamabad and Rawalpindi, are expected to receive rainfall between May 28 and 31. Weather conditions during this period may also affect daily routines and travel activities in different cities.In Khyber Pakhtunkhwa, rain and hailstorms have been forecast from May 26 to 31. The NDMA advisory includes upper and mountainous districts such as Chitral, Dir and Swat, where authorities have been asked to remain alert due to the possibility of landslides and road blockages in vulnerable areas.Meanwhile, traffic movement in Chitral has already been affected after a landslide blocked the Boni Road, leaving long queues of vehicles stranded on both sides.Local reports said women, children, elderly citizens and other passengers remained trapped inside vehicles for hours as traffic remained suspended following the road closure.Despite the worsening situation, residents complained that the relevant authorities had yet to begin efforts to reopen the blocked route.The NDMA has advised local administrations and rescue departments across affected regions to remain on alert and ensure timely response measures in view of the expected weather conditions.

LAHORE: Punjab Chief Minister Maryam Nawaz on Friday spoke out for the first time regarding the controversy involving PML-N MPA Saqib Chadhar and actress Momina Iqbal, issuing a stern warning that anyone who harasses, blackmails, or threatens a woman will not be pardoned.Maryam Nawaz stated that while the matter is private, it will be resolved strictly on merit and in accordance with the law.The Chief Minister emphasized that no one is above the law, regardless of their position or political affiliation.She assured that state institutions will act independently and impartially, strictly following the Constitution.Furthermore, she warned that strict action would be taken against anyone threatening to leak a woman's private content or exert undue pressure on her."The strictest warning has been issued to those responsible," the CM stated, adding that the abuse of political power and influence will not be tolerated under any circumstances.On the othter hand, PML-N MPA Saqib Chadhar has accused actress Momina Iqbal of “playing the women card,” claiming there has been no contact between them for the past eight months.According to reports, Saqib Chadhar stated that he possesses complete records in support of his claims, alleging that the matter is being misrepresented.He further said that the actress’s fiancé, after viewing a video, issued threats against him, adding that he has already submitted an application at a police station regarding the alleged threats.The PML-N lawmaker also claimed that he has recently learned that Momina Iqbal is planning to get married. He added that her mother had contacted him and apologised, while challenging the actress to present evidence of any alleged calls or communication.

KARACHI: The Iranian rial (IRR) continues to become a hot commodity in Pakistan’s informal currency market as of Friday, May 22, 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.Current Rates as of May 22, 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.IRR to PKR- Daily Updates

The Kuwaiti Dinar (KWD) posted a slight decline against the Pakistani Rupee (PKR) in the open market on Friday, May 22, 2026.According to exchange market data, the buying rate of the Kuwaiti Dinar was recorded at Rs. 878.70, while the selling rate stood at Rs. 889.25.A day earlier, on May 21, 2026, the Dinar was being bought at Rs. 879.28 and sold at Rs. 890.25 in the open market. This indicates a decrease of Rs. 0.58 in the buying rate and Rs. 1.00 in the selling rate compared to the previous trading session.Kuwaiti Dinar Maintains Global StrengthThe Kuwaiti Dinar continues to rank among the world’s strongest currencies, supported by Kuwait’s oil-driven economy, robust fiscal position, and large sovereign wealth reserves.Financial experts noted that Kuwait’s managed exchange rate system, which is linked to a basket of international currencies, has helped maintain long-term currency stability. Consistent oil revenues and strong government reserves also continue to strengthen investor confidence in the Dinar.Pakistani Rupee Remains Under PressureMeanwhile, the Pakistani Rupee continues to face challenges from inflationary pressures, external debt obligations, trade imbalances, and fluctuations in foreign exchange reserves under its market-based exchange rate system.However, economists say steady remittance inflows and monetary measures introduced by the State Bank of Pakistan have played an important role in limiting excessive volatility in the local currency market.Strong Dinar Raises Import CostsThe strength of the Kuwaiti Dinar continues to increase import costs for Pakistan, particularly in sectors associated with petroleum products, industrial materials, and machinery, potentially adding pressure to the country’s import bill.At the same time, the stable Dinar provides greater purchasing power for Kuwaiti investors operating in Pakistan, while Pakistani exporters may face pricing pressure as products become relatively more expensive in Dinar terms.Overseas Pakistanis Continue to BenefitPakistani expatriates working in Kuwait continue to benefit from the Dinar’s high value, as remittances sent back home convert into larger amounts in Pakistani Rupees.These inflows remain a significant source of support for households across Pakistan, particularly amid rising living expenses and inflationary pressures.Outlook for KWD/PKR Exchange RateCurrency 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 overall macroeconomic performance.Experts added that Pakistan’s efforts to strengthen foreign exchange reserves, narrow the trade deficit, and maintain inflation control will remain key factors influencing the Rupee’s long-term stability against major Gulf currencies.DisclaimerExchange rates may fluctuate during trading hours and may vary among banks, exchange companies, and financial institutions.

The Omani Riyal (OMR) recorded a slight decline against the Pakistani Rupee (PKR) in the open market on Friday, May 22, 2026.According to currency market data, the buying rate of the Omani Riyal stood at RS. 720.38, while the selling rate was recorded at RS. 731.25.In comparison, on May 21, 2026, the buying rate of the Riyal was Rs. 722.00, whereas the selling rate was Rs. 733.25. This reflects a decrease of RS. 1.62 in the buying rate and RS. 2.00 in the selling rate compared to the previous trading session.Oil Market Stability Supports Omani CurrencyFinancial analysts said the Omani Riyal continues to remain stable due to relatively balanced global crude oil prices, as Oman’s economy heavily depends on energy exports.Stable Brent crude prices in recent sessions have helped Gulf currencies maintain strength in international markets. Since the Omani Riyal is pegged to the US dollar, monetary policy decisions by the United States Federal Reserve also play a key role in determining the currency’s direction.Remittance Inflows Provide Support to RupeeMeanwhile, steady remittance inflows from overseas Pakistanis continue to support the Pakistani Rupee and strengthen the country’s foreign exchange liquidity position.Analysts noted that monthly remittances have remained close to the $3.8 billion mark, helping Pakistan manage external financing obligations and maintain relative currency stability. Measures introduced by the State Bank of Pakistan, along with easing inflationary pressure, have also contributed to limiting sharp exchange rate volatility.Overseas Workers Continue to BenefitThe relatively stable OMR/PKR exchange rate remains beneficial for thousands of Pakistani expatriates working in Oman, particularly in Muscat and other major commercial hubs.At current exchange rates, a worker earning 500 OMR can remit nearly Rs. 361,000 to Pakistan, providing substantial financial support for household expenses, education, and savings.Currency experts believe stable exchange rates have enabled overseas workers to maintain predictable remittance values despite uncertainty in global financial markets.Pakistan-Oman Trade Activity Remains SteadyPakistan and Oman continue to maintain active bilateral trade relations, with annual trade volume estimated between $1 billion and $1.2 billion.Pakistan exports textiles, rice, food products, and consumer goods to Oman, while importing industrial and energy-related products. Market observers say a stable Riyal helps businesses better manage import and export costs.Stable Exchange Rate Eases Travel and Business PlanningThe stable exchange rate has also provided convenience for travelers, students, and businesses dealing with transactions linked to Oman.At prevailing market rates, Rs. 1,000 converts into approximately 1.38 OMR, allowing travelers and students to estimate expenses more accurately.Market OutlookCurrency dealers expect the OMR/PKR exchange rate to remain largely range-bound in the near term. However, future movement may depend on global oil price trends, US economic conditions, remittance inflows, and Pakistan’s external account position.Experts continue to advise individuals and businesses to use licensed exchange companies and regulated banking channels for secure and transparent foreign exchange transactions.DisclaimerExchange rates may fluctuate during trading hours and can vary across banks, exchange companies, and financial institutions.

KARACHI: The Sindh government on Friday announced a four-day holiday for Eid-ul-Adha 2026, ARY News reported.The provincial government has also issued a notification in this regard.According to the notification, the holidays will commence on May 26 and conclude on May 29. Under the notification, there will be holidays on May 26 to May 29, Tuesday, Wednesday, Thursday and Friday.Eid al Adha holidays will apply to all provincial government offices, semi-government offices, and local body institutions.Employees and staff of essential services who are busy preparing the upcoming budget 2026-2027 will be exempt from the holidays.The notification has been issued with the approval of Chief Secretary Sindh Asif Hyder Shah.Earlier, the federal government had announced a three-day holiday running from May 26 to May 28.All federal government offices and private institutions will remain closed during the holidays, the federal notification stated.The Ruet-e-Hilal Committee announced that Eid-ul-Adha will be celebrated from May 27 to May 29, following the Zil Hajj moon sighting at a central meeting held in Karachi on May 17. 

The UK Pound (GBP) witnessed a marginal decline against the Pakistani Rupee (PKR) in the open market on Friday, May 22, 2026.According to market figures, the buying rate of the UK Pound stood at RS. 372.91, while the selling rate was recorded at RS. 378.10.A day earlier, on Thursday, May 21, 2026, the UK Pound was being bought at Rs. 373.10 and sold at Rs. 378.60. This shows the buying rate fell by RS. 0.19, while the selling rate declined by RS. 0.50 compared to the previous trading session.Pound Maintains Global StrengthThe British Pound remains one of the strongest global currencies, supported by the United Kingdom’s monetary policy, economic resilience, and investor confidence in the financial markets.Currency experts say the Pound’s stability continues to keep it strong against emerging market currencies, including the Pakistani Rupee.Pakistani Rupee Faces Continued PressureMeanwhile, the Pakistani Rupee continues to face pressure amid inflation concerns, external financing needs, and fluctuations in the country’s foreign exchange reserves.The State Bank of Pakistan has maintained its benchmark interest rate at 10.50 percent in an effort to ensure economic stability and contain inflationary pressures.Rising Costs for Importers and StudentsThe stronger Pound has increased financial challenges for Pakistani importers, students, and businesses engaged with the UK market.At prevailing exchange rates, a payment of £10,000 requires nearly Rs. 3.79 million, adding to the burden of import payments and overseas educational expenses.Overseas Pakistanis Gain from Strong GBPOn the positive side, overseas Pakistanis residing in the United Kingdom are benefiting from the Pound’s higher value, as remittances sent to Pakistan now convert into larger amounts in local currency.At current open market rates, £100 converts into approximately Rs. 37,843.GBP/PKR OutlookAnalysts believe the GBP/PKR outlook remains stable to positive in the near term. However, future currency movements will depend on UK economic data, Bank of England policy decisions, Pakistan’s export performance, IMF-related developments, and overall market sentiment.DisclaimerExchange rates may vary during trading hours and may differ among banks, exchange companies, and other financial institutions.

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Member of Provincial Assembly Saqib Chadhar has accused actress Momina Iqbal of “playing the women card,” claiming there has been no contact between them for the past eight months, ARY News reported.According to reports, Saqib Chadhar stated that he possesses complete records in support of his claims, alleging that the matter is being misrepresented.He further said that the actress’s fiancé, after viewing a video, issued threats against him, adding that he has already submitted an application at a police station regarding the alleged threats.The PML-N lawmaker also claimed that he has recently learned that Momina Iqbal is planning to get married. He added that her mother had contacted him and apologised, while challenging the actress to present evidence of any alleged calls or communication.Also Read: Momina Iqbal case: DG NCCIA promises verdict within daysMeanwhile, Punjab Chief Minister Maryam Nawaz had earlier termed the dispute between Saqib Chadhar and Momina Iqbal a “personal matter,” saying it should be resolved strictly on merit and in accordance with the law.She had warned that those involved in harassing, blackmailing, or intimidating a woman would not be spared, emphasising that no one is above the law, regardless of position or political affiliation.The Chief Minister further stated that state institutions would operate independently and impartially under the Constitution, adding that any attempt to exert pressure or threaten to release private material would face strict action.She also issued a stern warning to all involved parties, saying the use of political influence would not be tolerated under any circumstances.

The Chairman of Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, inaugurated a major section of the Shahrah-e-Bhutto, along with the Chief Minister of Sindh.Chairman PPP has formally inaugurated the segment of Shahrah-e-Bhutto extending from Quaidabad to Kathore.Bilawal Bhutto travelled on the newly completed stretch of the highway while Chief Minister Murad Ali Shah drove his vehicle.Speaking at the occasion, Bilawal Bhutto described the route as one of the finest highways in Pakistan.Bilawal Bhutto Zardari said Karachi has witnessed record development projects since 2008, adding that the metropolis has emerged as Pakistan’s fastest-developing city.Chairman PPP has also laid the foundation stone of a new expressway project linking Qayyumabad to Karachi Port.Bilawal Bhutto Zardari has defended Sindh’s political and local government system, claiming that the province enjoys a greater level of democracy than any other part of Pakistan.The Pakistan Peoples Party (PPP) chairman said political criticism was a normal part of democratic culture and insisted that his party was willing to tolerate opposition voices.“If opponents criticise us, we consider it part of politics,” he said, adding that the PPP remained the only party capable of tolerating criticism from rivals.While criticizing political culture in other provinces, especially in Punjab, Bilawal Bhutto questioned whether opposition parties in other provinces had the same freedom to criticise governments openly.“Can the opposition hold press conferences in Lahore in the same way they do in Sindh?” he asked. “Do they receive the same response with respect and tolerance as they do from the PPP?”The PPP chairman alleged that political opponents were attempting to damage his party’s reputation through organised campaigns.He also defended Sindh’s local government, saying that criticism often came from regions where no effective local government system existed.Bilawal Bhutto asserted that the Sindh government provides resources not only to PPP-backed town chairmen but also to elected representatives from opposition parties, including chairmen of Jamaat-e-Islami (JI).The PPP leader criticised the absence of functioning local government systems in Punjab and the federal capital, Islamabad, arguing that similar demands for administrative autonomy were not raised there.“Nobody says ‘Free Lahore’ or ‘Separate Islamabad’,” he remarked.Referring to Khyber Pakhtunkhwa, Bilawal also criticized the founder of Pakistan Tehreek-e-Insaf (PTI) and alleged that Imran Khan introduced a local government system but later withdrew powers after electoral defeats.He maintained that political opponents in Sindh continue to enjoy the right to participate freely in politics under the existing local government framework.Bilawal Bhutto also urged citizens to evaluate the performance of opposition-backed town chairmen and compare it with that of PPP representatives.He also aimed at the Muttahida Qumi Movement (MQM), questioning what public welfare projects they had delivered.“Tell us where you built a road or hospital in the name of your leader,” he said.He said some individuals remained in influential positions regardless of which party formed the government.

TEHRAN: Field Marshal Syed Asim Munir, NI (M), HJ, COAS & CDF, has arrived in Tehran as part of Pakistan’s ongoing mediation efforts aimed at promoting regional peace and diplomatic engagement, Inter Services Public Relations (ISPR) said in a statement.According to the military media wing, on arrival, Field Marshal Syed Asim Munir was warmly received by Iranian Interior Minister Eskandar Momeni. Federal Interior Minister Mohsin Naqvi was also present at the reception.The visit comes in continuation of Pakistan’s role as a facilitator in regional dialogue, particularly efforts linked to broader communication channels between Iran and other stakeholders, including previous rounds of indirect engagement hosted through diplomatic channels.During the visit, Field Marshal Asim Munir is expected to hold high-level meetings with senior Iranian officials to discuss regional security developments, diplomatic coordination, and matters of mutual interest.Pakistan has been actively facilitating dialogue efforts since earlier this year, supporting communication between involved parties to help reduce tensions and promote stability in the region. 

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Talal Chaudhry has said that Aleema Khan is allegedly seeking political advantage through crises, claiming she “wants an accident to happen so that leadership comes to her,” ARY News reported.Talal Chaudhry rejected claims that the government had offered any deal to Pakistan Tehreek-e-Insaf (PTI), saying the opposition party itself “creates stories and narratives of deals and packages.”He further said that PTI’s political movement had now been reduced to “TikTok-level activism,” adding that the party had moved from calls for resignations and civil disobedience to writing letters to the IMF and later seeking meetings.Commenting on internal political conduct, he alleged that PTI leaders were exposed due to inappropriate behaviour with police officials, while claiming that the party members were primarily focused on creating social media content rather than real political engagement.“They make TikTok videos even with sad songs and continue their political campaign online,” he remarked.On foreign policy, Talal Chaudhry expressed optimism regarding diplomatic developments, saying there was strong hope for a breakthrough between the United States and Iran. He added that Pakistan was currently at a high point in its diplomatic history.He attributed this “diplomatic success,” as he described it, to what he called the partnership between the Prime Minister and Field Marshal Asim Munir, stating that their coordination would also help resolve other national issues.The remarks come amid ongoing political tensions between the ruling coalition and opposition parties, with both sides frequently trading accusations over governance, protests, and foreign policy positioning.

KARACHI: A court hearing the cases against alleged drug suspect Anmol alias Pinky on Friday declared the investigation conducted by Sindh Police “insufficient” while ordering the accused to be sent to jail on judicial remand, ARY News reported.During the hearing, Special Public Prosecutor Shakeel Abbasi argued in favour of granting physical remand, claiming that the suspect was a “high-profile accused” who allegedly operated her own laboratory.https://www.youtube.com/watch?v=Ib0L05JDTLAThe prosecutor further told the court that physical remand was necessary to dismantle the alleged narcotics network linked to the accused. He claimed that investigators had traced around 1,850 contacts allegedly connected to drug trafficking activities.Defence counsel, however, strongly opposed the request for further remand, arguing that the accused, being a woman, could not be subjected to additional physical remand under the circumstances.“The accused has already remained on remand for nine days. The police should explain what progress has been made during that period,” the defence lawyer argued before the court.The defence further maintained that physical remand could not be granted in a narcotics-related case, leading to a heated exchange of arguments between the prosecution and defence during the proceedings.After hearing arguments from both sides, the court ordered that Anmol alias Pinky be sent to jail on judicial remand. “Cocaine Queen” Anmol Pinky Latest News & Updates

ISLAMABAD: U.S. Chargé d’Affaires Natalie A. Baker met Federal Minister for Railways Muhammad Hanif Abbasi on Friday to discuss regional connectivity, investment opportunities, and reform initiatives aligned with the Prime Minister’s vision, according to a statement issued by Pakistan Railways.During the meeting, both sides discussed Pakistan-U.S. relations and cooperation in the railway sector in detail.The U.S. envoy assured support for promoting foreign investment in Pakistan Railways and agreed to explore opportunities in railway infrastructure development and modern technology.The railways minister said Pakistan Railways is introducing a "Track Access Policy" for international partners and invited American investors to participate in the sector.Talks also focused on potential U.S. investment in locomotives, wagons, freight operations, and railway technology. Both sides agreed to further strengthen the longstanding cooperation between Pakistan Railways and American companies.“Two hundred and fifty-four American-built locomotives in Pakistan Railways are a shining example of bilateral cooperation,” the minister said.Read More: Pakistan Railways announces special Eid trainsAbbasi further highlighted Pakistan’s ongoing regional connectivity projects linking Uzbekistan, Kazakhstan, Nokundi, and Gwadar, aimed at enhancing regional trade and connectivity across Central Asia. Federal Minister for Railways held a detailed meeting with U.S. Ambassador to discuss Pakistan-U.S. relations and cooperation in the railway sector. The U.S. Ambassador assured support for promoting foreign investment in Pakistan Railways and agreed to explore opportunities in… pic.twitter.com/8RcnFjVyr1— Ministry of Railways - Pakistan (@MOR_Pakistan) May 22, 2026