KARACHI: A police constable was martyred and another injured during an exchange of fire with armed robbers near the Manghopir canal area in Karachi, ARY News reported.According to police, the incident occurred when officers attempted to stop two suspicious motorcyclists in Karachi. The suspects opened fire, leading to a gun battle in which Constable Khadim embraced martyrdom, while another policeman, Tufail, sustained injuries.The attackers managed to flee the scene while firing, prompting authorities to launch a search operation in Karachi to apprehend the suspects.SSP West Tariq Ilahi said the injured officer’s statement has been recorded, confirming that the encounter began when police signaled the armed suspects to stop. He added that evidence collected from the site in Karachi includes spent bullet casings of 30-bore and 9mm weapons.Also Read: CCTV footage shows deadly police encounter with robbers in KarachiSindh Interior Minister Zia-ul-Hassan Lanjar took notice of the incident and directed SSP West to ensure immediate action. He ordered that those involved in the killing of the police officer in Karachi be brought to justice without delay, stressing the need for a thorough investigation and swift arrests.The minister further instructed that a dedicated police team be formed to track down the culprits.Later, Additional IG Javed Alam Odho visited a private hospital to inquire after the injured officer and directed hospital authorities to provide the best possible medical care.The incident once again highlights the persistent security challenges faced by law enforcement in Karachi, where operations against street crime continue.https://www.youtube.com/watch?v=MFBy0ccNR9Q

LAHORE: The Chief Minister of Punjab, Maryam Nawaz Sharif, has approved the provision of electric buses in 10 additional districts.The new electric buses will run in Attock, Bhakkar, Hafizabad, Khanewal, Layyah, Sheikhupura, Gujranwala, Sialkot, Mandi Bahauddin and Okara.Chief Minister Punjab has approved buses during a special meeting to review progress on mass transit system projects in Gujranwala and Faisalabad.She directed authorities to ensure early completion of construction and rehabilitation work on metro bus stations and also approved new designs.The meeting was informed  that more than 125,000 passengers have already benefited from the government’s free transport initiative across 21 routes, with 3,560 bus trips completed so far.Officials said that 100 electric buses would arrive during the current month, followed by 350 by mid-May and 264 more by the end of June.It was decided to establish dedicated bus depots for electric buses in every division of the province. The chief minister also sought a plan to operate 1,500 electric buses at the tehsil level.Separately, progress on Punjab’s first electric taxi scheme was reviewed. Officials said 194 e-taxis are expected to arrive in May, with an additional 208 scheduled for delivery in June.The meeting also discussed the installation of modern bus stations in Lahore under the “Empower Her” initiative. In addition, the chief minister gave in-principle approval for an e-bike scheme aimed at government employees.

Dubai / Karachi, April 16, 2026 – The UAE Dirham (AED) is trading at 76.06 Pakistani Rupees in the open market today, showing only minimal movement from recent levels. The pair continues to hover comfortably within the narrow 76.00–76.50 PKR range that has been the dominant trading zone for the past several months, offering the kind of predictability that Pakistani expatriates and their families have come to rely on.The steady foundation of the Dirham The Dirham’s reliable performance stems from its fixed peg to the US Dollar at 3.6725 AED per USD — a policy that has remained unchanged since 1997 and continues to provide strong protection against sharp volatility. The Pakistani Rupee, while floating, has been quietly supported by healthy foreign reserves and consistent remittance inflows, helping it maintain balance against the AED. Today’s rate of 76.06 PKR per AED reflects this ongoing equilibrium, offering a dependable and slightly more favorable conversion for cross-border transfers.Real support for Pakistani families For the estimated 1.5 million Pakistanis living and working in the UAE — from construction sites to corporate offices — today’s rate means each dirham sent home now converts to 76.06 PKR. Monthly remittances from the UAE regularly exceed $700 million, so even a small daily improvement adds up to meaningful assistance for families covering school fees, medical expenses, groceries, utility payments, and other essentials in Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, and beyond. These funds remain a vital economic lifeline, helping millions manage daily life and invest in a better future.Today's Quick Snapshot Current Rate: 1 AED = 76.06 PKR Change: Stable / minor softening 7-day high: 76.50 PKR 30-day average: ~76.30 PKR 2025 high (July): 77.61 PKR 2025 low (Jan): 75.44 PKR 2026 Outlook Most market projections see the AED-PKR pair staying between 75.80 and 77.00 through the first half of 2026, with the central tendency around 76.10–76.60 by Q2. The UAE’s ongoing diversification into technology, renewables, logistics and tourism, combined with Pakistan’s remittance stability and reserve accumulation, is expected to keep volatility moderate.Today’s rate: 1 AED = 76.06 PKR A calm, dependable figure that quietly keeps delivering value to millions of families spanning the UAE and Pakistan.

KARACHI, April 16, 2026: The Saudi Riyal (SAR) is trading at Rs74.42 against the Pakistani Rupee (PKR) in today’s open market, according to leading currency dealers in Karachi. The selling rate remains around Rs74.99. The pair continues to stay firmly locked in the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of remarkably flat price action. Today’s unchanged level keeps the rate significantly below the 2025 mid-year high of Rs76.03 (July peak) and near the softer territory last consistently observed in late October 2025.Remittance lifeline under prolonged pressure 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 Rs74.42, every 1,000 Riyals sent home equals Rs74,420 — a gradual but persistent decline from earlier 2025 levels. While still providing essential support for school fees, medical treatment, groceries, utility bills and household expenses, the prolonged softness is putting quiet but mounting pressure on remittance-dependent families amid ongoing inflation.Economic implications of today’s rate A Riyal trading around Rs74.40–74.50 generates opposing forces: Remittance-receiving families face a slow but steady reduction 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. The SAR–PKR pair has now spent more than twelve weeks in this unusually compressed 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 continues to be one of Pakistan’s most reliable economic lifelines. 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 Rs74.42 remains a quiet but critical pillar for millions of households — even as each paisa of erosion is increasingly noticed. Sources: State Bank of Pakistan, Forex Association of Pakistan, open-market dealer quotes

RAWALAKOT: Rawalakot, Azad Kashmir police have arrested a suspected local Indian spy agency Research and Analysis Wing (RAW) operative, involved in recording sensitive installations and locations.Speaking at a news conference, Inspector General (IG) of Azad Kashmir Police, Capt. (Retd.) Liaqat Ali Malik, said that suspected Indian spy Muhammad Irfan is a resident of District Haveli Kahuta, Azad Kashmir, and was arrested by police in Rawalakot while filming a sensitive installation.https://www.youtube.com/watch?v=zrYpPWztG0AHe added that Irfan was sending sensitive information to a hostile country through a social media network. The alleged RAW agent also targeted innocent people.In his video confession statement to the police, the suspected RAW operative claimed that he was lured into sharing sensitive information and later blackmailed by an individual he met on social media.According to his account, the incident began in June 2025 when he befriended a man named Shahid on Facebook, who claimed to be based in Lahore and working in online surveys.Shahid allegedly offered him a simple mobile-based job, promising easy earnings.He further stated that communication with Shahid soon shifted to WhatsApp, where Shahid instructed him to download a mobile application from the Google Play Store.Muhammad Irfan said he initially received small payments for completing basic tasks.He said that when he visited his maternal relatives in Gujranwala, he was asked to share photographs of the area along with geotagging and live location data.He claims he was paid Rs. 2,500 for this information.Muhammad Irfan stated that the tasks then escalated, and he was reportedly instructed to capture videos and images of locations, including Alipur Chatha, Rahwali Cantonment, and movements of military vehicles.He said he completed these assignments and received Rs. 4,500 in return.However, according to Muhammad Irfan, the situation took a serious turn when Shahid allegedly began blackmailing him, claiming to be an operative of an Indian intelligence agency.He added that he became frightened and, under blackmail, kept sending videos, geotagging data, and images of various sensitive locations.He claimed that recently, Shahid assigned him a task to capture the live location, geotagging, and images of a mosque and a madrasa in Rawalakot, and while completing that task, he was arrested.

KARACHI: Following the intense, unannounced gas load-shedding, people in the megacity are being forced to purchase a liquefied petroleum gas (LPG) cylinder, but unfortunately, the cost of these cylinders has also surged, adding to their financial strain.According to local market estimates, fibre gas cylinders, ranging from 5kg to 13kg, are being sold between Rs. 7,500 and 13,500.https://www.youtube.com/watch?v=ZeW_4aw4G18Meanwhile, smaller iron cylinders, typically between 2kg and 6kg, are available at prices ranging from Rs. 1,200 to Rs. 5,000.Citizens describe the situation as increasingly difficult, noting that the Sui gas supply is either inconsistent or nearly unavailable in many areas. As a result, households are being forced to rely on liquefied petroleum gas (LPG) for everyday cooking needs.Many residents say they are also making additional arrangements to cope with utility shortages. Solar panels are being installed to address frequent electricity outages, while water tankers are being purchased due to limited access to running water.“We are managing everything on our own, what the government is doing for people”, a resident criticised, expressing frustration at the rising financial burden.Citizens have called on the government to take notice of their situation and introduce relief measures, urging authorities to ease the pressure on households struggling to meet basic needs.

KARACHI: The Karachi administration has decided to enforce a strict regulatory framework for setting up cattle markets (Karachi Mandi) ahead of Eid-ul-Adha, making it mandatory to obtain official permits.The decision was taken in a meeting chaired by Commissioner Karachi, Syed Hassan Naqvi, with all deputy commissioners and representatives of local government institutions in attendance.According to the directives, permits for establishing Karachi Mandi will only be issued with the approval of the Commissioner and after consultation with police and traffic police authorities.Municipal bodies, town administrations, and cantonment boards have been instructed to approach the respective deputy commissioners for obtaining necessary approvals.The administration has made it clear that any Mandi set up without permission will be considered illegal and strict action will be taken against violators.Officials also agreed to take comprehensive measures to ensure security, cleanliness, and proper parking arrangements at all designated mandi sites.To curb the emergence of unauthorized markets across the city, authorities will intensify monitoring and enforcement operations.Applicants seeking to establish a Mandi in Karachi have been directed to submit written requests to the concerned deputy commissioner, enabling coordination with relevant agencies before permits are issued.Last year, authorities had granted permission for 14 cattle markets, including the central Karachi mandi.

The State Bank of Pakistan (SBP) has released the latest mark-to-market (M2M) foreign currency rates for major international currencies against the Pakistani Rupee (PKR) as of April 16, 2026. These official rates, essential for authorized currency dealers to revalue their portfolios daily, are calculated using the weighted average of interbank closing rates for the US Dollar from brokerage houses, with other currency valuations derived from USD/PKR data combined with their respective USD exchange rates on LSEG Workspace.US Dollar Demonstrates Resilience in Spring Trading The US Dollar (USD) maintained its position at 278.9533 PKR in the spot market, with forward contracts extending to 289.9319 PKR for one-year tenors. This represents remarkable stability compared to earlier 2026 trading sessions, with the dollar showing minimal movement as Pakistan progresses through the second quarter of the year. The forward premium of approximately 11 PKR suggests market participants continue to anticipate gradual and manageable depreciation pressures on the PKR throughout the remainder of 2026, though the contained differential reflects improved market confidence in Pakistan's macroeconomic fundamentals. Currency analysts note that the dollar's stability in mid-April reflects several positive developments: sustained remittance inflows maintaining momentum through the spring months, improved export performance in key sectors, continued International Monetary Fund program compliance, and relatively stable foreign exchange reserves that provide market confidence. The progressive forward rate structure, moving from 279.3730 PKR for one-week tenors to 289.9319 PKR for one-year commitments, indicates a measured market outlook with gradual adjustment expectations rather than concerns about abrupt currency movements. This orderly forward curve reflects the credibility of Pakistan's exchange rate policy framework and the SBP's successful management of currency market dynamics.British Pound Commands Strong Premium in Spring Session The British Pound (GBP) commanded 377.7168 PKR for spot transactions, with annual forward contracts at 391.2516 PKR, representing one of the most substantial premiums among major currencies against the rupee. The pound's valuation means one British pound is worth nearly 378 Pakistani rupees in immediate transactions, reflecting the currency's continued strength in global markets. This robust positioning underscores the United Kingdom's economic resilience and the pound's role as a major international currency. The forward rate premium of approximately 13.5 PKR indicates market expectations of moderate PKR weakness against sterling through the remainder of 2026, though this differential remains proportionally consistent with historical patterns and other major currency pairs. For Pakistan's economy, the GBP exchange rate carries particular significance given the substantial Pakistani diaspora in the United Kingdom. With an estimated 1.6 million people of Pakistani origin residing in the UK, remittances from Britain constitute one of the largest bilateral flows from any Western nation. The strong pound exchange rate, while increasing costs for UK-based Pakistanis sending money home, also means these remittances provide robust support to recipient families and contribute meaningfully to Pakistan's foreign exchange reserves, which are projected to exceed $15 billion by mid-2026. Market participants note that the pound's trajectory through the remainder of 2026 will be influenced by Bank of England monetary policy decisions, UK economic growth performance, inflation dynamics, and broader European economic conditions that continue to affect Britain's trade and investment landscape.Gulf Currencies Maintain Characteristic Strength Saudi Riyal Shows Rock-Solid Stability The Saudi Riyal (SAR) held exceptionally firm at 74.3538 PKR for spot transactions, with annual forward rates reaching 76.8765 PKR. This remarkable stability underscores the enduring and deep economic relationship between Pakistan and Saudi Arabia, supported by multifaceted bilateral ties including trade, investment, energy cooperation, and substantial remittances from the large Pakistani workforce in the Kingdom. Saudi Arabia remains Pakistan's most important economic partner in the Gulf region, with bilateral trade exceeding $10 billion annually and Saudi investments in Pakistan's energy, infrastructure, and refining sectors totaling billions of dollars. The riyal's stable exchange rate facilitates predictable trade flows, investment planning, and remittance calculations for the approximately 2.7 million Pakistani expatriates working across Saudi Arabia's diverse economic sectors. The forward rate structure, showing a modest premium of approximately 2.5 PKR over the one-year tenor, reflects strong market confidence in the SAR's continued stability. This confidence is backed by Saudi Arabia's substantial fiscal reserves, diversification efforts under Vision 2030, and the Kingdom's position as the world's largest oil exporter providing robust foreign exchange earnings.UAE Dirham Reflects Emirates' Economic Strength The United Arab Emirates Dirham (AED) was positioned at 75.9449 PKR in immediate exchanges, advancing to 78.9790 PKR over twelve-month contracts. The UAE continues to serve as Pakistan's largest overall trading partner in the Gulf Cooperation Council, with bilateral trade exceeding $12 billion and Dubai functioning as a critical commercial, logistics, and financial hub for Pakistani businesses, traders, and entrepreneurs. The dirham's consistent strength reflects the Emirates' highly diversified economy, world-class infrastructure, stable governance framework, and strategic position as a regional and global business center. The forward premium of approximately 3 PKR aligns with broader market expectations for gradual PKR adjustment while maintaining relative stability in the bilateral exchange rate that facilitates extensive economic integration between the two nations. For Pakistan, the UAE relationship extends beyond traditional trade to encompass investment flows, real estate holdings, gold and precious metals trade, and a massive Pakistani expatriate community estimated at 1.7 million people. These workers across sectors ranging from construction and hospitality to finance and technology contribute annual remittances exceeding $6 billion, making the UAE one of the top sources of foreign exchange inflows to Pakistan.Qatari Riyal Demonstrates Robust Positioning The Qatari Riyal (QAR) traded at 76.5094 PKR in the spot market, climbing to 79.4738 PKR for one-year commitments. Qatar's economic strength, underpinned by its dominant position in global liquefied natural gas markets and strategic infrastructure investments, continues to support the riyal's strong performance against the Pakistani currency. The exchange rate reflects Qatar's role as an important economic partner for Pakistan, with growing bilateral trade in energy, food products, and services, alongside investment opportunities in Pakistan's energy and infrastructure sectors. The Pakistani expatriate community in Qatar, numbering approximately 200,000 workers primarily in construction, engineering, and services sectors, contributes meaningful remittance flows that support thousands of families across Pakistan. Market analysts note that Qatar's economic fundamentals remain robust, with the country's sovereign wealth fund holdings exceeding $500 billion and continued natural gas export revenues providing substantial foreign exchange earnings. This strength translates into riyal stability that benefits Pakistani workers and businesses engaged with Qatari markets.Kuwaiti Dinar Maintains Premium Position The Kuwaiti Dinar (KWD) retained its position as the world's highest-valued currency and the most expensive against the PKR, commanding 911.0168 PKR for spot rates, with forward contracts reaching 956.1482 PKR for annual tenors. This extraordinary valuation—making one Kuwaiti Dinar worth over 911 Pakistani Rupees—reflects Kuwait's exceptional sovereign wealth, prudent fiscal management, substantial oil revenues, and one of the world's highest GDP per capita figures. The KWD's premium positioning has profound implications for Pakistani expatriates in Kuwait, whose remittances carry exceptional purchasing power when converted to rupees. With approximately 150,000 Pakistani workers in Kuwait across various sectors, individual remittances support extended families and contribute to local economic activity in Pakistan's urban and rural communities alike. The forward rate structure, showing an expected appreciation to 956.15 PKR by year-end, suggests market participants anticipate continued KWD strength relative to the PKR, backed by Kuwait's massive foreign asset holdings estimated at over $700 billion through the Kuwait Investment Authority, robust oil production and export revenues, and stable macroeconomic policies that have preserved the dinar's value for decades.Bahraini Dinar Shows Sustained Premium The Bahraini Dinar (BHD) stood strong at 739.5370 PKR for spot transactions, progressing to 766.4072 PKR in twelve-month forward contracts. Bahrain's pegged exchange rate system to the US dollar at 0.376 BHD per USD and stable monetary policy framework continue to support the dinar's substantial premium over the Pakistani rupee. The BHD's consistent strength reflects Bahrain's position as a regional financial services hub, hosting numerous international banks, investment firms, and fintech companies. The Kingdom's stable regulatory environment and strategic location continue to attract financial sector activity despite regional competition from larger Gulf financial centers. For Pakistani workers and professionals in Bahrain's banking, construction, hospitality, and service sectors—estimated at approximately 100,000 people—the dinar's strong exchange rate ensures meaningful remittance value for families back home. The bilateral relationship also encompasses growing trade in food products, textiles, and services, with the stable exchange rate facilitating predictable business planning.Euro Reflects European Spring Economic Conditions The Euro (EUR) traded at 328.6349 PKR in the spot market, with one-year forward rates extending to 346.1907 PKR. The euro's positioning in mid-April reflects ongoing monetary policy considerations by the European Central Bank, eurozone economic performance as the continent moves through spring, and the common currency's role as the world's second-most important reserve currency. The EUR's exchange rate against the PKR carries significance beyond direct bilateral Europe-Pakistan trade, as the euro influences broader foreign exchange market dynamics and serves as a key reference currency for international transactions. The forward premium of approximately 17.5 PKR suggests market expectations for moderate PKR weakness against the euro through the remainder of 2026, reflecting both European economic conditions and Pakistan's domestic economic trajectory. European Central Bank policy decisions regarding interest rates, inflation management, and quantitative easing programs continue to influence euro strength. As Europe navigates economic recovery, growth challenges, and ongoing structural reforms, these dynamics ripple through to euro exchange rates against emerging market currencies including the PKR. The exchange rate impacts Pakistani exporters to European markets—particularly textile and garment manufacturers who rely on European buyers for significant order volumes—importers of European machinery, technology, and specialized equipment, and the Pakistani diaspora in eurozone countries whose remittances contribute to Pakistan's foreign exchange position.Comprehensive Global Currency Landscape Beyond the priority currencies, the April 16 rates encompassed a full spectrum of global currencies reflecting diverse economic conditions and geopolitical dynamics worldwide. The Swiss Franc (CHF) was valued at 356.0576 PKR, maintaining its traditional safe-haven premium that strengthens during periods of global uncertainty. The Japanese Yen (JPY) traded at 1.7538 PKR, reflecting Japan's continued ultra-loose monetary policy stance under the Bank of Japan's yield curve control framework. Despite recent discussions about potential policy normalization, the yen remains relatively weak by historical standards, reflecting Japan's ongoing efforts to stimulate economic growth and achieve sustained inflation targets. Among major Asian currencies, the Chinese Yuan (CNY) was positioned at 40.9016 PKR, with the Offshore Chinese Yuan (CNH) at 40.8998 PKR, reflecting China's managed exchange rate system and the People's Bank of China's careful balancing of currency stability with export competitiveness. The Hong Kong Dollar (HKD) traded at 35.6342 PKR under its currency board system pegged to the US dollar. The Singapore Dollar (SGD) commanded 219.3288 PKR, reflecting the city-state's strong economic fundamentals, prudent fiscal management, and position as a major financial and trading hub. The Indian Rupee (INR) was valued at 2.9933 PKR, maintaining the regional exchange corridor between South Asia's two largest economies as both nations navigate their respective economic challenges and opportunities. Commonwealth and Pacific currencies showed varied performance: the Australian Dollar (AUD) stood at 200.0095 PKR, the Canadian Dollar (CAD) at 203.1633 PKR, and the New Zealand Dollar (NZD) at 164.3314 PKR, reflecting commodity market dynamics, interest rate differentials, and domestic economic conditions in these resource-rich economies. Among emerging markets, the Turkish Lira (TRY) traded at 6.2315 PKR, continuing to reflect Turkey's ongoing economic challenges including high inflation and currency volatility. The Malaysian Ringgit (MYR) was at 70.5497 PKR, the Thai Baht (THB) at 8.7187 PKR, and the South African Rand (ZAR) at 17.0089 PKR, each reflecting regional economic dynamics and domestic policy frameworks. The South Korean Won (KRW) traded at 0.1890 PKR, the Indonesian Rupiah (IDR) at 0.0163 PKR, and the Mexican Peso (MXN) at 16.1452 PKR. The Russian Ruble (RUB) was valued at 3.6555 PKR, the Brazilian Real (BRL) at 55.8806 PKR, and the Argentine Peso (ARS) at 0.2053 PKR. The Omani Riyal (OMR) commanded 724.5447 PKR, while the Bangladeshi Taka (BDT) traded at 2.2688 PKR, the Sri Lankan Rupee (LKR) at 0.8832 PKR, and the Kazakhstani Tenge (KZT) at 0.5911 PKR, reflecting varying economic conditions across South, West, and Central Asian economies. Scandinavian currencies included the Swedish Krona (SEK) at 30.3593 PKR, the Norwegian Krone (NOK) at 29.6735 PKR, and the Danish Krone (DKK) at 43.9722 PKR, each reflecting Nordic economic conditions and monetary policy frameworks. As Pakistan moves through mid-April 2026, the currency market presents a picture of measured stability and orderly adjustment expectations despite ongoing global economic uncertainties. The performance of priority currencies—USD, GBP, SAR, AED, QAR, KWD, BHD, and EUR—demonstrates relative stability that supports economic planning, international trade, and remittance flows that underpin Pakistan's external sector. The US dollar's resilience at 278.95 PKR, the British pound's premium positioning at 377.72 PKR, the sustained strength of Gulf currencies with the Kuwaiti dinar commanding over 911 PKR, and the euro's positioning at 328.63 PKR reflect both global currency market dynamics and Pakistan's improved macroeconomic fundamentals. The relatively stable opening to the second quarter, combined with orderly forward market conditions, provides businesses, traders, investors, and policymakers with a foundation for planning and decision-making. Continued policy discipline, sustained remittance flows, improving export performance, and prudent foreign exchange reserve management remain essential to maintaining this stability through the remainder of 2026. Market participants across sectors will continue monitoring evolving global economic conditions, domestic policy implementation, external account dynamics, and remittance trends as the year progresses. The currency market serves as a critical barometer of Pakistan's economic resilience, policy credibility, and successful integration into the global economy, with mid-April rates suggesting continued progress on this challenging but essential journey. Market Advisory: Exchange rates fluctuate continuously based on market conditions.

JEDDAH: The Consulate General of Pakistan in Jeddah has announced a temporary suspension of services at the NADRA office in Madinah during the Hajj season 2026. NADRA— Latest News & Updates According to an official statement, NADRA operations at the Madinah office have been suspended from April 12, 2026, in line with directives issued to facilitate Hajj-related arrangements. Services will resume once the Hajj season concludes.To ensure uninterrupted facilitation for Pakistani nationals, the NADRA Registration Centre in Jeddah has increased its staffing capacity to accommodate a higher number of applicants.Pakistani citizens residing in Saudi Arabia have been advised to contact the Consulate General of Pakistan in Jeddah for further information and assistance.In addition, NADRA services will remain accessible through the Pak-ID mobile application, providing an alternative digital solution during the suspension period.Authorities have urged citizens to plan accordingly and utilize available online services to avoid inconvenience during the peak Hajj season. CNIC and NICOP fees by NADRA- April 7, 2026 update The National Database and Registration Authority (NADRA) has released updated details regarding the processing times and fees for various identity document categories, including CNICs and B-Forms, ARY News reported. Identity Card (CNIC) Fees Pakistani citizens are eligible for their first-ever Identity Card free of charge.For other categories, the fees and timelines are as follows: New Smart Card Normal: Rs 750 (31 days) Urgent: Rs 1,500 (23 days) Executive: Rs 2,500 (9 days) Renewal or Modification Normal: Rs 400 (31 days) Urgent: Rs 1,150 (23 days) Executive: Rs 2,150 (9 days) Family & Child Registration in NADRA Family Registration Certificate (FRC): Available only in the Executive category for Rs 1,000 with a 24-hour processing time. Child Registration Certificate (CRC/B-Form): Normal: Rs 50 (7 days)Executive: Rs 500 (1 day) Overseas Pakistanis (NICOP)Fees The National Identity Card for Overseas Pakistanis (NICOP) is categorized by region (Zone A and Zone B): CategoryZone A (USA, Europe, etc.) Normal: $39 Urgent: $57 Executive: $75 Zone B (Middle East, Africa) Normal: $20 Urgent: $30 Executives: $40 Digital Integration and Age Modification NADRA has also streamlined the procedure for age modification in NICOPs.Officials emphasized that the ID card is no longer just a proof of identity; it is now a vital link to the national health and education systems. Tracking medical records and confirming student enrollment in schools is now directly dependent on valid NADRA documentation.

LAHORE – In a landmark move destined to redefine public infrastructure in Pakistan, the Punjab Government and Pakistan Railways have signed a historic Memorandum of Understanding (MoU) to launch the province's first high-speed train service and modernize regional rail networks. The project, spearheaded by Chief Minister Punjab Maryam Nawaz Sharif and Federal Minister for Railways Hanif Abbasi, aims to bridge the gap between major cities with European-standard transit facilities.The Flagship Project: Lahore to Rawalpindi in 135 Minutes The highlight of the agreement is the introduction of Pakistan’s first genuine fast train on the 280 km Lahore-Rawalpindi route. Once operational, the travel time between the two cities will be slashed to just 2 hours and 15 minutes, providing a lightning-fast alternative to road travel.Expanding the Network: 8 New Local Routes The initiative isn't limited to the capital corridor. The Punjab government will provide state-of-the-art Diesel Multiple Unit (DMU) trains to cover 1,415 kilometers across 20 regions. The planned routes include: Shahdara to Narowal (79 km) and Narowal to Sialkot (62 km). Raiwind, Kasur, and Pakpattan to Lodhran (370 km). Sheikhupura, Jaranwala, and Shorkot (220 km). Lalamusa, Malikwal, and Sargodha (147 km). Faisalabad via Chak Jhumra to Shahinabad (68 km). Inter-provincial Route: Kot Addu via Dera Ghazi Khan to Kashmore (303 km). Modernization and Safety Enhancements Minister Hanif Abbasi emphasized that this project is more than just speed; it is about a total system overhaul. "We are bringing the European standard of rail travel to the 11 crore people of Punjab," Abbasi stated. "Under the leadership of CM Maryam Nawaz, we are introducing unmanned automated systems at crossings to prevent accidents and upgrading the historic Lahore Railway Station with world-class parking and aesthetics." Key Infrastructure Highlights: New Rolling Stock: Government of Punjab to procure brand-new engines and modern coaches. Green Corridors: A 40 km long "Green Park" will be developed from Shahdara to Raiwind, featuring 400,000 trees to mirror European scenic rail tracks. Beautification: Massive renovation of railway stations to improve passenger experience and tourism appeal. A Vision for Transformation Federal Minister Hanif Abbasi lauded the Chief Minister’s "bullet-speed" governance, noting that her supervision of the project ensures its success. He acknowledged the year-long efforts of Senior Minister Marriyum Aurangzeb in bringing this vision to life. According to official estimates, approximately 90 million people are expected to benefit from these nine new routes, marking the first significant investment in railway track utility and passenger comfort in decades.

KARACHI: Syed Muhammad Taha has officially taken charge as the Chief Executive Officer (CEO) of K-Electric from April 15, 2026.A seasoned energy veteran with over three decades of experience, Mr. Taha returns to the utility at a defining moment for Pakistan’s power sector. Known for driving operational excellence and financial turnaround, he is recognised as a transformational leader capable of navigating complex regulatory shifts.On assuming office, Mr Taha said, “K-Electric drives Pakistan’s economic heartbeat. Leading this institution during such a significant sector-wide transformation is a profound responsibility. While challenges exist, the opportunity to innovate for our customers, shareholders, and the national economy has never been greater. We will focus on agility, service reliability, and future-ready technologies to power Karachi’s growth.”Also Read: Shaheryar Chishty appointed acting chairman of K-ElectricPrior to his return to KE, Mr. Taha served as the MD & CEO of Pakistan State Oil (PSO) from February 2020. He led a historic financial turnaround, taking the energy giant from a FY2020 loss to recording net sales of Rs 3.3 trillion and a consolidated EPS of Rs 35.03 by FY2025. He is also credited with modernising PSO's retail footprint and pioneering its entry into clean energy and EV charging.In a strategic homecoming, Mr. Taha previously served as KE’s Chief Distribution Officer, managing revenue of USD 1.9 billion. His international experience includes serving as Executive Director at Oasis Energy, where he led infrastructure modernization for Nigeria’s Port Harcourt Electricity Distribution Company (PHED).His foundational career includes leadership roles at Shell, Caltex (Chevron), and Pakistan Steel Mills. Mr. Taha is a professional engineer and holds an MBA in Finance from the Institute of Business Administration (IBA), Karachi.

KARACHI: Pakistan’s Information Technology (IT) sector exports saw an increase of 21 percent in March 2026, ARY News reported.According to a report released by the State Bank of Pakistan, the country’s IT sector exports totaled $413 million in March, 13 per cent increase in comparison to previous month of February.Exports increased by 20 percent in the first nine months of the current fiscal year, reaching to $3.39 billion.The growth has been attributed to Pakistan’s expanding access to new markets, while including a growing market share in the Gulf countries.The government has fixed a target of $ five billion IT exports for the current financial year, while the experts said that the IT exports could reach to $4.5 billion during the FY25-26. exports target has been fixed US$ 10 billion by 2029 under the national economic program.Earlier, the State Bank of Pakistan (SBP) report said Pakistan’s exports of Information Technology and IT-enabled Services crossed $2.17 bln in the first seven months of FY24-25.As per the central bank’s report, exports comprising computer services and call center services during the first seven months (July-January) of the current fiscal year 2024-25 and stood at $2.17 billion as against $1.72 billion during the same period of the previous fiscal year.

Karachi, April 16, 2026 – Silver prices in Pakistan have maintained firm upward momentum today, with the chandi ka rate at Rs. 9,002 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. 7,716 per 10 grams and Rs. 771.6 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 this page.Current Silver Rates in Pakistan- April 16, 2026 Weight Rate (PKR) Notes 1 Gram 771.6 Fine/Pure Silver 10 Grams 7,716 Fine/Pure Silver 1 Tola 9,002 Standard Rate  Rates are approximate and based on latest Karachi Sarafa/local reports Gold Rates Today in Pakistan

As of April 16, 2026, the authentic mid-market exchange rate stands at 1 Iranian Rial (IRR) ≈ 0.000211 Pakistani Rupee. This figure is based on reliable global sources at 09:43 UTC / approx. 02:43 PKT). While the Iranian Rial remains under pressure internationally due to sanctions and broader economic factors, it continues to show localized strength in Pakistan’s open currency markets, particularly in Karachi and border regions.1 PKR = approximately 4,733 Iranian Rials 10 PKR = approximately 47,330 Iranian Rials Why the Iranian Rial Is Gaining Value Against the PKR In Pakistan’s exchange markets, the Iranian Rial has experienced a notable surge in recent weeks, with reports indicating it has gained nearly fourfold in value in the open market. For instance, 10 million Iranian Rials (one crore), which previously traded around PKR 2,500, are now fetching up to PKR 10,000 according to currency dealers in Karachi and Lahore. Key factors driving this localized appreciation include: Speculative buying and optimism on diplomacy: Traders and investors are actively purchasing Rials in anticipation of potential US-Iran negotiations, sanctions relief, or de-escalation of regional tensions. This sentiment has created strong demand, with many hoping for further gains and quick profits. Boom in cross-border trade: Increased informal and semi-formal trade along the Iran-Pakistan border, especially in petroleum products, fuel, and commodities via Balochistan routes, has boosted the need for physical Iranian Rials for settlements and transactions. Hoarding and market dynamics: Exchange companies report heightened buying activity and occasional shortages, supported by shifting trade patterns during regional uncertainties. The low base value of the Rial makes it attractive for speculative positions in Pakistan’s open market. This divergence highlights how regional trade flows, informal economies, and local sentiment can drive currency movements separately from the Rial’s global weakness against the USD.IRR and PKR Introduction The Iranian Rial (IRR) is the official currency of the Islamic Republic of Iran, introduced in 1798 and regulated by the Central Bank of Iran. It has faced substantial devaluation over the years due to prolonged international sanctions, high inflation, and geopolitical challenges, leading to periodic redenomination discussions. The Pakistani Rupee (PKR) has been Pakistan’s official currency since 1948, issued and managed by the State Bank of Pakistan. Its value is influenced by domestic economic policies, remittances, trade balances, inflation, and regional geopolitical developments in South Asia.

Pakistan’s Foreign Office has stated that no official date has yet been finalised for second round of ceasefire talks between Iran and United States.At his weekly news briefing in Islamabad today, Foreign Office Spokesperson Tahir Andrabi said so far, no confirmed schedule has emerged regarding the negotiations, emphasising that discussions are proceeding in a highly confidential and trust-based environment.The Foreign Office praised the role of Pakistani media, noting that it has demonstrated responsibility and restraint while covering the sensitive developments.Referring to recent diplomatic engagements, the spokesperson said that the visit of Iran’s Chief of Defence Forces and the Prime Minister’s engagements are part of Pakistan’s broader efforts to promote peace in the region. The office declined to comment on the positions of the parties involved in the Tehran talks.It was further stated that Pakistan’s role as a mediator reflects the trust placed in it by the concerned parties, urging the media to avoid speculation on such sensitive matters.The spokesperson also reaffirmed that Pakistan shares deep and historic ties with United Arab Emirates.Responding to a question, the spokesperson categorically rejected India's so called delimitation process in Indian illegally occupied Jammu and Kashmir, including any provisions related to Azad Jammu and Kashmir. He said the whole process is illegal, politically grandstanding and devoid of any legal value.He said such exercises are nothing but an attempt to alter the demographic and political structure of the region and to further disenfranchise the Kashmiri people. He said India has no legal authority to redefine any part of the territory of the Indian illegally occupied Jammu and Kashmir whose final disposition is to be determined in accordance with the relevant United Nations Security Council resolutions.

ISLAMABAD: Security high alert has been declared in federal capital city ahead of likely second round of talks between the United States and Iran, sources said on Thursday.According to sources, security arrangements have been finalized at Islamabad's red zone and at various sensitive areas of the capital city."Additional contingents have been summoned from Punjab to Islamabad and the personnel are coming from different districts of the province," sources said.The police contingents will reach Islamabad for deployment on special duty tonight, sources added.The White House press secretary Karoline Leavitt on Wednesday said that the next round of in-person talks between the United States and Iran will likely be held in Pakistan.Speaking at a press briefing, Leavitt indicated that while a second meeting has not yet been formally scheduled, efforts to arrange it are “productive and ongoing.”She suggested the talks would “very likely be in the same place as they were last time,” pointing to Pakistan as the expected venue.Leavitt emphasized that Pakistan has played a central role in facilitating dialogue between Washington and Tehran. “The Pakistanis have been incredible mediators throughout this process,” she said. “They are the only mediator in this negotiation.” She added that despite interest from other countries, the administration of Donald Trump prefers to streamline communication through Islamabad.However, she noted that discussions with Iran have continued even after the United States abruptly left the first in-person meeting over the weekend, describing the ongoing contacts as constructive.The developments come amid heightened diplomatic efforts to sustain dialogue and avoid further escalation, with Pakistan emerging as a key intermediary in one of the region’s most sensitive negotiations.Pakistan's Foreign Office in a press briefing said that Field Marshal Asim Munir's visit of Iran and Prime Minister Shehbaz Sharif's Saudi visit is also the part of Pakistan's peace efforts.

DOHA: Prime Minister Shehbaz Sharif on Thursday  arrived in Doha, Qatar after completing Saudi Arabia's successful visit.On arrival, Qatar’s Minister of State for Foreign Affairs, Sultan bin Saad Al-Muraikhi, warmly welcomed the Prime Minister and his delegation.The Prime Minister will hold a bilateral meeting with Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. during which they will also discuss Pakistan’s ongoing efforts for regional and global peace.A high level delegation is accompanying the prime minister. Qatari Minister of State for Foreign Affairs, Sultan bin Saad Al-Muraikhi receiving Prime Minister Muhammad Shehbaz Sharif and Pakistani delegation upon their arrival at Doha Airport. 16 April, 2026. pic.twitter.com/slcZ0VcKWj — Prime Minister's Office (@PakPMO) April 16, 2026 Earlier, Prime Minister Muhammad Shehbaz Sharif called on Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud, in Jeddah.During their warm and cordial meeting that lasted almost two hours, the two leaders held detailed discussions on the evolving regional situation.The Prime Minister conveyed deep condolences over the loss of precious lives and said the people of Pakistan stand shoulder to shoulder with their Saudi brethren.He appreciated the exemplary patience and restraint shown by Saudi Arabia.The Prime Minister shared with the Crown Prince the recent developments related to Pakistan's peace efforts, which led to the U.S.-Iran ceasefire and the recently held round of historic talks between the U.S. and Iran in Islamabad.The crown prince appreciated the constructive role of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir in the peace process.

The Federal Constitutional Court of Pakistan on Thursday issued a landmark verdict in inheritance case in Punjab's Wazirabad land dispute case, ARY News reported.The FCC headed by Chief Justice Aminuddin Khan and comprising Justice Ali Baqar Najafi issued an important ruling in CPLA No. 3378 of 2022 concerning inheritance rights in a land settlement case from Mouza Dhanunkal, Tehsil Wazirabad.The case centred on longstanding irregularities in revenue records, where the pre-deceased daughter, Sardar Begum, was not included in official inheritance documentation. As a result, she was deprived of her legal share, and her heirs were denied their rightful entitlement for decades.During the proceedings, other legal heirs acknowledged that Sardar Begum was indeed the daughter of the deceased, strengthening the claim of her lineage.In its judgment, the court ruled that the legal heirs of the pre-deceased daughter are entitled to the share that would have lawfully belonged to her under inheritance law.The court further directed that Sardar Begum’s heirs be formally included as parties in the case. It also ordered a fresh review of previously finalised land distribution under consolidation schemes to ensure that the rightful share of excluded heirs is incorporated.To ensure effective implementation of its directives, the court summoned the relevant consolidation officer, patwari, and tehsildar to appear at the next hearing to assist the court and confirm compliance with its orders.

Pakistan Navy has successfully conducted a Live Weapon Firing of an indigenously developed Ship-Launched Anti-Ship Missile, accurately engaging its target with high speed at extended range.Naval Chief Admiral Naveed Ashraf, along with leading scientists and engineers, witnessed the missile firing.The missile integrates a cutting-edge guidance system and advanced maneuverability, enabling it to evade threats, adapt to dynamic conditions, and deliver with precision and lethality.The successful launch of this indigenously developed missile underscores the fusion of technological excellence and operational expertise.This missile firing is a manifestation of Pakistan Navy’s commitment to maintaining credible sea-based deterrence in the conventional domain and ensuring maritime security and stability in the region.President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Chief of Defence Forces Syed Asim Munir, and Services Chiefs have commended the participating units and scientists on achieving this milestone.Earlier, Pakistan Army successfully conducted a training launch of a newly inducted indigenously developed Fatah-4 Ground-Launched Cruise Missile, with a strike range of 750 kilometers, the Inter-Services Public Relations (ISPR) announced.According to the military’s media wing, the Fatah-4 is equipped with advanced avionics and state-of-the-art navigational systems, and capable of evading the enemy’s missile defence system through its terrain-hugging features and engaging targets with high precision.As part of Army Rocket Force Command, Fatah-4 will further enhance the reach, lethality and survivability of Pakistan Army’s conventional missile systems, the ISPR said. “Today’s launch was witnessed by Chief of General Staff, Senior officers from Pakistan Armed Forces, dedicated scientists and engineers”.

International Monetary Fund (IMF) Managing Director Ms. Kristalina Georgieva has appreciated Pakistan’s continued progress on economic reforms.During her interaction with Finance Minister Muhammad Aurangzeb, on the sidelines of the IMF–World Bank Spring Meetings in Washington DC, she noted that Pakistan’s strong implementation of its reform programme has contributed to maintaining macroeconomic stability and building investor confidence.Meanwhile, Finance Minister Muhammad Aurangzeb held a meeting with the senior leadership of Franklin Templeton in Washington, D.C. FinMin welcomes IMF mission’s expected visit next month for budget, tax talks The finance minister updated the delegation on the Government’s ongoing privatization programme. He also discussed the outsourcing of airports, including Islamabad, Karachi, and Sialkot, as well as the privatization of electricity distribution companies.Earlier, Finance Minister Senator Muhammad Aurangzeb welcomed the expected visit of an International Monetary Fund (IMF) mission next month for budget discussions, including key deliberations on taxation.The finance minister held a meeting with Dan Katz, First Deputy Managing Director of the IMF, on the sidelines of the World Bank–IMF Spring Meetings 2026, where discussions focused on programme continuity and the impact of external economic shocks.During the meeting, Senator Aurangzeb expressed appreciation for the IMF team’s smooth handling of the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).