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Pakistan budget 2026-27 to be unveiled today (Friday) by Finance Minister Muhammad Aurangzeb, ARY News reported. The total outlay for the fiscal year 2026-27 is expected to be approximately Rs18 trillion.A 10% increase in salaries is expected, while the salaried class may receive relief in income tax. Tax rates for individuals earning between Rs1.2 million and Rs2.2 million annually may be reduced.The government is considering a reduction in Super Tax; however, Corporate Income Tax is expected to remain unchanged. Prices of certain consumer products, including cosmetics, face powder, mascara, shampoo, and soap, may decline due to proposed tax adjustments.Electric vehicles (EVs), hybrid vehicles, and plug-in hybrid vehicles are expected to become more expensive under the proposed budget measures.Read more: IMF ‘opposes’ tax relief for imported EVs ahead of budget 2026-27Revenue projections include: Direct Taxes: Rs7.413 trillion Sales Tax: Rs4.727 trillion Customs Duty: Rs1.651 trillion Federal Excise Duty: Rs1.043 trillion The Petroleum Development Levy (PDL) collection target may be set at Rs1.727 trillion, which is Rs259 billion higher than the current fiscal year’s target of Rs1.468 trillion.A Gas Surcharge collection target of Rs151 billion is also under consideration.Debt servicing and interest payments Domestic Debt Servicing: Rs6.652 trillion External Debt Servicing: Rs1.107 trillion The budget may introduce new taxes amounting to Rs220 billion.Proposed income tax slabs for salaried individuals Tax relief for employees earning monthly salaries of Rs100,000, Rs200,000, and Rs300,000. Revised tax relief proposals for annual salaries up to approximately Rs3.6 million. Possible abolition of the 10% surcharge currently applicable to annual salaries of Rs10 million or more. Expansion of income tax slabs for salaried individuals from six to eight categories. For government expenditures Non-development expenditure for federal ministries and departments may be set at Rs1.07 trillion. More than Rs1.1 trillion is expected to be allocated for pensions. Rs838 billion has been proposed for the Benazir Income Support Programme (BISP). The quarterly BISP stipend may be increased from Rs13,000 to Rs14,500. Automobile sector measures The budget proposes the introduction of an Environmental Levy on luxury vehicles: 10% levy on petrol and diesel vehicles with engine capacities between 2001cc and 3000cc. 19.5% levy on petrol and diesel vehicles exceeding 3000cc. The government expects to generate approximately Rs25.8 billion through Environmental Levy collections on vehicles above 2000cc. Read more: Budget 2026-27: Salaried class set for ‘tax cuts’ under new proposalsTo support the local automobile industry: Tax on imported raw materials may be reduced to 1%. Import duty on parts used for local manufacturing may be reduced from 10% to 5%. Tax on imported auto parts for the local industry may be reduced from 20% to 10%. Manufacturers will be required to pass 62 key safety and quality standard tests. Concessional tax benefits may be withdrawn if manufacturers fail to localize parts production. For imported SUVs and jeeps: The current tax rate may be reduced by 2 percentage points from 50%. Over the next five years, the tax rate is expected to be gradually reduced from 50% to 40%. Locally manufactured hybrid vehicles may face an increase in sales tax from 8.5% to 18%. Climate and petroleum measures The Climate Levy on petroleum products is expected to double from Rs2.5 per litre to Rs5 per litre in the upcoming fiscal year.
Sweden is offering a special residence permit (High Talent Visa) for highly educated non-European Union nationals, including Pakistanis, who wish to seek employment or explore business opportunities in the country.Under the High Talent Visa program, eligible applicants are allowed to stay in Sweden for up to nine months while looking for work or assessing the possibility of starting a business.To apply for this program, a visa applicant must be outside Sweden and can only be granted a permit for a period covered by the validity of their passport.Eligibility Criteria:Visa applicants must hold a qualification equivalent to a Swedish second-cycle degree. Eligible qualifications include master's degrees, professional degrees, MPhil qualifications, PhDs, and other comparable postgraduate degrees. If a Pakistani degree meets the required standard, it may also be accepted.To qualify, the candidate must also demonstrate that he has sufficient funds to support himself during his stay. The financial requirement is set at at least 13,000 Swedish kronor per month, meaning applicants seeking the full nine-month permit must show access to at least 117,000, in addition to funds for their return journey.Applicant is also required to hold comprehensive health insurance covering emergency and routine medical treatment, hospital care, emergency dental treatment, and medical repatriation.Application Fee and Documents:The application fee is 2,200 Swedish Karona. Around 75 percent of complete applications are processed within seven months, while cases requiring additional information may take longer.Required documents include a valid passport, academic certificates and transcripts, proof of financial resources, health insurance documentation, and a consent form allowing the Swedish Council for Higher Education (UHR) to verify educational qualifications. Documents not issued in English or Swedish must be accompanied by certified translations.Applications can be submitted online through the Swedish Migration Agency. Applicants may also be required to verify their identity, provide biometric information, and attend an appointment at a Swedish embassy or consulate.Individuals who secure employment in Sweden must apply for a work permit before taking up long-term employment, and similarly, those wishing to establish a business must apply for a separate residence permit for self-employed persons.
Pakistan has taken a key step towards introducing its first national genomics policy, with health experts describing the proposed policy as a landmark development for the country's healthcare future.The Ministry of National Health Services, Regulations and Coordination (MNHSR&C), in collaboration with the Health Services Academy (HSA), held a high-level Stakeholders’ Consultative Meeting on the National Genomic Policy of Pakistan, bringing together leading national and international experts in genomics, genetics, molecular biology, public health, and health policy.Experts from institutions including Aga Khan University, Quaid-i-Azam University, the Centre of Excellence in Molecular Biology (CEMB) Lahore, and the Massachusetts Institute of Technology (MIT), USA, participated in the discussions.The experts unanimously described the proposed policy as a landmark initiative for Pakistan’s healthcare future.Federal Minister for National Health Services, Regulations and Coordination, Syed Mustafa Kamal, emphasized that Pakistan must transition from a disease-treatment model to a prevention-focused healthcare system.He said genomics, early screening, and precision medicine could play a key role in reducing the burden of inherited and preventable diseases while strengthening Pakistan's health security.During the meeting, Health Services Academy Registrar Prof Dr Tariq Mahmood Ali presented the national fact sheet, which states that Pakistan faces a significant yet largely unrecognized burden of genomic diseases.According to the statistics he presented, 60 to 70 percent of marriages in Pakistan are consanguineous, increasing the risk of recessive genetic disorders by up to 18 times. Pakistan has more than 10 million thalassemia carriers, with 7,000 to 10,000 new cases reported annually and an estimated 50,000 to 100,000 patients currently living with the disease.He further explained that genomic and inherited diseases are costing the country an estimated Rs. 200 to 300 billion annually, with projections reaching Rs. 1 trillion per year by 2050 if no action is taken.On this occasion, Prof Dr Shahid Mahmood Baig, Dean of the Faculty of Life Sciences at HSA, presented the draft National Genomic Policy and outlined plans for a National Public Health Genomics Program, genomic surveillance systems, workforce training, local diagnostic facilities, and preventive screening initiatives.He highlighted that genomics is a high-return public health investment, with evidence showing that preventive screening can yield a 10 to 50 times return on investment, while thalassemia prevention programs can reduce affected births by 60–90 percent.The meeting was attended by professors, genomic scientists, geneticists, molecular biologists, public health experts, researchers, and policymakers from leading national and international institutions.Participants included experts from Aga Khan University (AKU), National University of Sciences and Technology (NUST), National University of Medical Sciences (NUMS), Quaid-i-Azam University (QAU), Government College University (GCU), University of the Punjab, Capital University of Science and Technology (CUST), University of Swat, University of Balochistan, and other prominent academic and research organizations."Participants welcomed the government's efforts to develop Pakistan's first National Genomic Policy, saying its implementation could reduce disease burden, save billions in healthcare costs, strengthen national health security, and position Pakistan among countries adopting modern precision healthcare.The consultation concluded with comprehensive recommendations to advance genomic governance, research, screening, and equitable access to genomic services nationwide.
RAWALPINDI: Government sources have rejected reports regarding the transfer of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan from Adiala Jail to a hospital for medical treatment, stating that such news is not correct.According to official sources, no confirmed transfer has taken place for treatment purposes, and the claims circulating in this regard are baseless.Sources said the PTI founder remains under custody, and any movement or medical arrangement would be communicated through official channels only.Previously, reports had suggested that Imran Khan was shifted from Adiala Jail to Islamabad under tight security for medical examination, with medical teams from PIMS and Shifa International Hospital expected to conduct a health assessment.https://www.youtube.com/watch?v=6rIVqVNQxIsHe had also been undergoing treatment for an eye condition at the Pakistan Institute of Medical Sciences (PIMS), where he received his third anti-VEGF intravitreal injection as part of ongoing therapy.According to PIMS administration, the 74-year-old was brought to the hospital on March 23, 2026, for his third dose. Prior to the procedure, he was examined by ophthalmologists and declared vitally stable.The hospital stated that the injection was administered under standard monitoring in the operation theatre and completed successfully as a day-care procedure, after which he was discharged in stable condition.Imran Khan is reportedly suffering from right central retinal vein occlusion (CRVO), which emerged in late January. Earlier medical reports submitted to court had claimed significant deterioration in his vision.His legal team had also sought specialist ophthalmological evaluation and raised concerns over his medical condition and confinement.Officials have not issued any fresh confirmation regarding any transfer, and further clarification is awaited.Also Read: Sohail Afridi’s meeting with PTI founder expected soon, sources
ISLAMABAD: The Central Ruet-e-Hilal Committee has convened an important meeting on June 15 to sight the Muharram moon, while astronomers have predicted that 1st Muharram is likely to fall on June 17 in Pakistan.The meeting, scheduled to be held at Lahore’s Badshahi Mosque, will review moon-sighting testimonies and reports received from across the country before making a final decision regarding the beginning of the new Islamic year.According to experts, the chances of sighting the Muharram moon on June 15 are extremely low due to its young age. They believe the crescent is unlikely to be visible to the naked eye, making it probable that Zil Hajj will complete 30 days.If the moon is not sighted on June 15, Muharram-ul-Haram is expected to begin on June 17, astronomers said.Based on the projected calendar, the 9th and 10th of Muharram, including Ashura, are likely to fall on June 25 and June 26, respectively.However, the Ministry of Religious Affairs and astronomical experts have stressed that the official dates for Muharram will only be announced after the Central Ruet-e-Hilal Committee issues its formal decision following the moon-sighting meeting on the evening of June 15.Also Read: Muharram: Section 144 imposed in Punjab for 10 days
The upcoming federal budget 2026-27 volume is expected to be set at around Rs. 18 trillion, while new taxes worth Rs. 220 billion may be imposed, government employee ara likely to receive a salary increase. According to the budget document, government employees are likely to receive a 10 percent salary increase, while relief in income tax for salaried individuals is also expected.The tax relief for individuals earning between Rs. 1.2 million to Rs2.4 million annually is also expected.Authorities are also reportedly considering a reduction in the super tax, although the corporate income tax rate is expected to remain unchanged.The non-development budget for federal ministries and departments may be set at around Rs. 1,070 billion, while pension allocations are expected to exceed Rs. 1100 billion. سرکاری ملازمین کی تنخواہوں میں 10 فیصد اضافہ متوقع#ARYNews #EconomicSurvey2025_26 #Budget2026_27 #Budget #EconomicSurvey pic.twitter.com/UsB9PTKzfF — ARY NEWS (@ARYNEWSOFFICIAL) June 11, 2026 The Benazir Income Support Program (BISP) is likely to receive Rs. 838 billion, with a proposed increase in quarterly stipends from Rs. 13,000 to Rs. 14,500 for beneficiaries.A proposal is also under consideration to increase the climate levy on petroleum products from Rs. 2.5 to Rs. 5 per litre. In addition, duties on imported cosmetic products such as makeup items, shampoo, and soap may be reduced.The Petroleum Development Levy target is projected at Rs. 1,727 billion, while the gas surcharge target is expected to be set at Rs. 151 billion.In the auto sector, authorities are considering increasing sales tax on locally assembled hybrid vehicles from 8.5 percent to 18 percent. The auto industry may also lose tax concessions if it fails to meet local parts manufacturing requirements.The overall tax collection target could be set at Rs. 15,264 billion. Non-tax revenue is estimated at Rs. 2,768 billion.On account of the federal excise duty, the target of Rs. 1047 billion, on sales tax account Rs. 4727 billion, and on account of customs duty Rs. 1651 billion is expected to be set.Meanwhile, Rs. 7,824 billion is projected for interest payments and debt servicing for the center, including Rs. 6,652 billion for domestic debt and Rs. 1,107 billion for external loans.
ISLAMABAD: The chances of a meeting between Khyber Pakhtunkhwa Chief Minister Sohail Afridi and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan at Adiala Jail have increased, ARY News reported citing sources. Sources said that communication has once again taken place between the federal government and the Pakistan Tehreek-e-Insaf (PTI) regarding the proposed meeting. It is reported that senior government officials have reached out to PTI leadership as part of renewed contacts over the issue. Further developments regarding the meeting are expected within the next few hours. PTI leadership has also been kept informed about the ongoing high-level contacts related to the Chief Minister’s potential visit, sources added. https://www.youtube.com/watch?v=AXfWlAYvbjQ Earlier, members of the Pakistan Tehreek-e-Insaf (PTI) staged a walkout from the National Assembly in protest against what they termed the continued denial of a meeting with the party’s founder, Imran Khan. Speaking on the floor of the House, PTI Chairman Barrister Gohar Ali Khan said PTI is the largest political party in the country which secured around 30 million votes in the general elections.“We have repeatedly requested permission to meet Imran Khan,” he said, adding that the party had always stood by the state and remained committed to constitutional supremacy.Barrister Gohar said PTI lawmakers were being denied access to the party founder despite repeated requests. He noted that many party workers and leaders had made sacrifices for the party’s ideology.He warned that PTI would decide in a joint parliamentary party meeting whether it should continue participating in Parliament.“We will decide whether or not to remain in this Parliament,” he said, urging National Assembly Speaker Sardar Ayaz Sadiq to issue a ruling facilitating a meeting with Imran Khan.Responding to the remarks, Speaker Ayaz Sadiq said he had already facilitated three meetings between PTI leaders and the government, but the opposition party continued to stage walkouts.
MIRPUR: Mohsin Ansari and Ahsan Ansari, brothers of fugitive JAAC leader Saad Ansari, have publicly distanced themselves from the banned Joint Awami Action Committee (JAAC), urging the public to stay away from what they described as violent and disruptive activities, ARY News reported.In a video message from Mirpur, Azad Jammu and Kashmir (AJK), the two brothers said they have no association with the Joint Awami Action Committee (JAAC) and appealed to people not to become part of any movement that leads to confrontation or unrest.They stated that JAAC is “on a path of violence,” claiming that its activities have resulted in loss of life and growing instability in the region. They urged the AJK public not to support what they termed a “destructive movement” and to avoid any involvement in violence or chaos.Also Read: AJK govt announces Rs10 million reward for arrest of JAAC leadersMohsin Ansari said that no political or social cause can justify bloodshed, adding that civilians and security personnel killed in such incidents should be respected and not made part of political conflict.Ahsan Ansari echoed similar views, appealing to citizens of Azad Jammu and Kashmir (AJK) to reject misleading propaganda and stay away from groups promoting unrest.The video statement comes amid ongoing tensions linked to the Joint Awami Action Committee’s activities in parts of AJK, with authorities and local voices urging restraint and stability.https://www.youtube.com/watch?v=bKLnFmZdK9I
Silver prices have remained constant today in Pakistan with the price of a tola of silver remaining stable at Rs. 7,102.00.The current local prices of silver are:10 grams of silver = Rs. 6,087.001 gram of silver = Rs. 608.70Silver continues attract investors who want low-cost investments and to companies that require its unique properties but history says otherwise.Many people are watching silver prices in advance of budget 2026-27, alongside gold prices.Silver tends to follow gold closely (local gold price 24K = Rs. 430,000.00/tola).What affects silver prices in Pakistan?Gold’s level of stability is providing a base for silver price to hold steady. Many traders use gold and silver as an asset class to hedge against each other and balance their portfolios.Current global prices for silver are affecting local silver prices through both import costs and currency fluctuations.High levels of consumption for solar, electric vehicle (EV), electronics, and other green renewable technology will continue to underlie support for silver.Traders and jewellery makers in Pakistan see silver as a way to hedge against inflation, in addition to being cheaper than gold, which helps to support the demand for silver in the Sarafa market.Silver’s two-part nature as both an investment and an industrial metal continues to keep it relevant. If you buy silver for any reason (investment, jewellery or business), you should monitor the silver prices each day. Current Silver Rates in Pakistan (June 11, 2026) Weight Rate (PKR) Notes 1 Gram 608.7 Fine/Pure Silver 10 Grams 6,087 Fine/Pure Silver 1 Tola 7,102 Standard Sarafa Market Rate Rates are approximate and based on latest Karachi Sarafa/local reportsAlso Read: Silver price: Why the metal booms, busts, and refuses to be predictable
Eshal Fatima, 17 years old and a first-year college student's house in Sultan Colony, Satellite Town, Jhang, Punjab.According to her family, she was a "good student" and there had been no prior incidents of dispute or violence. Her tragic death has sparked a huge amount of public anger all over the country and an urgent national discussion about women’s safety and the need to hold police accountable. What Happened: A Timeline of Events June 4, 2026: Eshal left her home in Jhang. According to the FIR lodged by her father, she left after being contacted through a neighbour and told she would be taken to collect clothes. The family says she was later picked up by the younger brother of a friend on an electric scooter. When she did not return, her family tried reaching her on her mobile phone, which was switched off. The family initially did not file a police report, believing she may have been staying with a friend.June 7, 2026: A private hospital in Jhang contacted Satellite Town police to report that several unidentified young men had dropped off a semi-conscious teenage girl before fleeing the scene. Neither the hospital nor police could initially identify her. She was transferred to District Headquarters (DHQ) Hospital Jhang, where emergency treatment began at approximately 11:30 a.m. Her family was separately informed of her condition through an anonymous phone call directing them to the hospital. Despite medical intervention, Eshal's condition rapidly deteriorated, and she died at DHQ Hospital. Case at a Glance Victim: Eshal Fatima, 17, first-year college student, Jhang Went missing: June 4, 2026 from Sultan Colony, Satellite Town, Jhang Found unconscious: June 7, 2026 at a private hospital, Jhang Died: June 7, 2026 at DHQ Hospital Jhang Suspects arrested: 3 (Khalil-ur-Rehman, Muhammad Hassan, Umais) + 1 female facilitator FIR registered at: Satellite Town Police Station, Jhang Post-mortem result: No evidence of sexual assault or torture (preliminary) Suspected cause of death: Toxic or intoxicating substance (preliminary; final report pending) Forensic samples sent to: Punjab Forensic Science Agency (PFSA), Lahore Arrests and Investigation Jhang police, under the direction of DPO Jhang Sajid Hussain, have made significant progress in a short timeframe. The main accused, Khalil-ur-Rehman, was the first to be taken into custody. Police subsequently arrested two more suspects — Muhammad Hassan and Umais — who had fled to Lahore and were traced using CCTV footage and digital evidence. A female facilitator connected to the case has also been detained.Police have recovered the vehicle allegedly used in the incident from Jhang. An FIR covering abduction-related charges has been registered at Satellite Town Police Station, with more serious charges — including murder provisions — reportedly being added as the investigation progresses.Investigators have noted that initial findings suggest the victim and the main accused were known to each other prior to the incident. Post-Mortem Report: What It Says and What It Doesn't A preliminary post-mortem examination conducted at DHQ Hospital Jhang found no evidence of gang rape, sexual assault, or physical torture. This is a significant development given that the gang rape narrative had spread rapidly on social media and in initial news reports.The report instead points to the preliminary possibility that her death was caused by the consumption of a toxic or intoxicating substance — either poisoning or drug intoxication. However, this too remains unconfirmed at the preliminary stage.To establish the definitive cause of death, essential biological and physical samples have been dispatched to the Punjab Forensic Science Agency (PFSA) in Lahore. The final forensic report, which will carry legal and evidentiary weight in the case, has not yet been released. Public Reaction and National Response The case has prompted widespread public grief and anger across Pakistan. Several prominent Pakistani celebrities and public figures — including Hadiqa Kiani, Sabeena Farooq, Momina Iqbal, and Mishi Khan — have publicly demanded justice and called for stronger protections for women. The case has trended on Pakistani social media platforms and drawn sustained coverage from national news outlets.Activists and citizens have noted that the real measure of the system will be in ensuring a transparent investigation and a fair, accountable legal process — not only in making arrests.Several key questions remain open pending the PFSA forensic report: the confirmed cause of death, whether any criminal offence under assault provisions can be legally established, and the full scope of the suspects' roles and accountability. The investigation is ongoing.
ISLAMABAD: The membership of the National Assembly (NA) of Iqbal Afridi, the lawmaker of Pakistan Tehreek-e-Insaf (PTI), has been suspended for the current session and removed from the House following allegations of inappropriate behavior with security staff at Parliament House.The decision was taken during an important session of NA, chaired by Speaker Ayaz Sadiq, who expressed strong displeasure over the incident and suspended the membership ship of Iqbal Afridi following the approval of the house.According to the details shared by the speaker, Ayaz Sadiq, in the house, the PTI lawmaker has allegedly misbehaved with a security official posted at Gate No. 1 of the Parliament building.Following the report, the Speaker moved a motion to suspend PTI’s lawmaker Iqbal Afridi's membership, which was approved by a majority vote of the assembly.As the motion was passed, the Speaker ordered Iqbal Afridi to leave the chamber immediately, warning that the House would otherwise be compelled to enforce his removal.Ayaz Sadiq remarked that no leniency could be shown to members who disrespect security personnel or violate institutional discipline.Following the final warning from the speaker and the approval of the suspension motion, Iqbal Afridi quietly left the National Assembly without any further protest.
KARACHI: Wall chalking in support of Muttahida Qaumi Movement (MQM-P) Pakistan Convener Khalid Maqbool Siddiqui has appeared in several areas of Karachi after party leader Mustafa Kamal’s remarks regarding the chairman, ARY News reported.As per details, the chalking was observed in multiple parts of the city including areas surrounding the Bahadurabad MQM headquarters, Korangi, Orangi Town, and District Central.The writings reportedly contained slogans and expressions in support of Khalid Maqbool Siddiqui.The development comes after recent political statements by MQM leader Mustafa Kamal regarding the party’s chairmanship, which sparked internal political discussion within the party ranks.https://www.youtube.com/watch?v=oKFHahZ5XL8Muttahida Qaumi Movement–Pakistan (MQM-P) leader Mustafa Kamal made strong remarks about party leadership and internal electoral processes, raising questions over the tenure and extensions of the party’s chairman, Khalid Maqbool Siddiqui.Speaking exclusively on ARY News programme 11th Hour, Mustafa Kamal said that Khalid Maqbool Siddiqui’s chairmanship tenure had already expired, adding that he had obtained an extension from the Election Commission until October. He further claimed that Siddiqui has now received multiple extensions for his position.He remarked that it was unusual for a party leader to approach the Election Commission repeatedly for extensions, saying he had never seen such a practice before. “A party leader going to the Election Commission and asking to extend the election date is an unusual situation,” he said.Mustafa Kamal also stated that he remains a member of MQM-P’s central committee under Khalid Maqbool’s leadership, but claimed that no meeting had yet been held regarding the issue of Kamran Tessori’s governorship within the party structure.https://www.youtube.com/watch?v=cTQjWhwmGKwHe added that even internal discussions within the central committee have not taken place on several key matters.The MQM-P leader further said that for the first time, a party leader is repeatedly seeking extensions from the Election Commission and that no one has even opposed it there. He claimed that Khalid Maqbool Siddiqui has received such extensions four times.Kamal also announced his intention to contest for the party chairmanship, saying he would participate in internal party elections if they are held. He questioned the party’s democratic process, stating that leadership contests rarely take place in such structures.“Leadership is usually so powerful that elections are not even held,” he remarked, adding that MQM-P should strengthen its internal democratic practices.He concluded by describing the situation as unusual, saying he had never heard of a party chairman personally approaching the Election Commission to extend internal election timelines, and noted with a light laugh that the matter was “unique in political history.”
ISLAMABAD: The Prime Minister of Pakistan, Shehbaz Sharif, has directed authorities to simplify the application form for the government’s “Apna Ghar Program”, aimed at making it easier for citizens to apply for housing loans under the program.The Prime Minister of Pakistan has chaired a review meeting on the Apna Ghar program. Prime Minister Shehbaz Sharif has said the growing public participation was encouraging.He added that if progress continues at the same pace, the dream of home ownership will become a reality for a large number of people, which will also boost the construction sector and allied industriesDuring the meeting, the Prime Minister directed the officials to provide more facilities for the citizens in the process of joining the Apna Ghar program.He also instructed to further ease the application process and enhance coordination with the State Bank of Pakistan to redesign the form in simpler language.He also directed banks to expedite the approval of qualified applications and called for a countrywide awareness campaign about Apna Ghar Program.In addition, provincial governments were asked to set up district-level facilitation desks to speed up verification of land documents.In the meeting, the prime minister was also briefed on the progress of the Apna Ghar Program so far, and was told that loans worth around Rs. 11 billion have been granted.It was also told in the briefing that so far, 67,900 applications have been received, of which 16,587 have been approved, while 3,146 applicants have already received a loan.
KARACHI: Police have arrested a man accused of killing his wife after alleged domestic violence in Surjani Town, following a case registered on the complaint of the victim’s mother.According to investigators, the suspect, Shahryar alias “Sherry,” was taken into custody by Surjani Town Investigation Police in connection with the death of 18-year-old Misbah.Police said the incident occurred on 7 May when the victim was allegedly subjected to severe physical abuse by her husband. She sustained critical injuries and later returned to her mother’s home in Khokhrapar, Malir.Despite treatment, Misbah died on 9 May during medical care, officials confirmed.After her death, the suspect reportedly fled the scene, and a case was registered on the complaint of the victim’s mother. Karachi police later traced and arrested him during the investigation.Investigators said the accused has denied allegations of physical violence during interrogation. Further inquiry is underway.Separately, the victim’s family alleged that the marriage was a love marriage which later turned abusive over dowry demands. They claimed the husband demanded Rs300,000 and additional dowry items and subjected the victim to repeated violence when demands were not met.They also alleged that the accused misrepresented himself before marriage by presenting photographs in police uniform.Karachi police say the case is being investigated from all angles and legal action will proceed based on evidence.Read More: Newlywed woman killed by second husband in Karachi
Karachi, June 11, 2026 – National Bank of Pakistan (NBP) has published its latest foreign exchange rates for June 11, 2026, providing comprehensive TT (Telegraphic Transfer) selling and buying rates for major global currencies against the Pakistani Rupee (PKR). Here's your complete guide to today's currency exchange rates for traders, importers, exporters, students, and remittance senders. US Dollar (USD) at PKR 278.75 (TT Selling) The US Dollar, Pakistan's most actively traded foreign currency, is quoted at PKR 278.75 (TT Selling) and PKR 278.25 (TT Buying) for ready transactions today. The dollar shows moderate forward premiums across various tenors, with 6-month forward rates at PKR 264.13, indicating measured market expectations. The USD/PKR rate continues to serve as the primary benchmark for international trade, remittance receipts, and foreign debt obligations. What this means for you: For every $100, you'll require PKR 27,875 for same-day transactions. This rate impacts everything from imported electronics and fuel costs to overseas education and healthcare expenses. Cash Notes Rate: If you're exchanging physical currency, USD cash notes are trading at PKR 280.14 (selling) and PKR 277.14 (buying). British Pound (GBP) Trades at PKR 372.94 Sterling maintains a substantial premium against the rupee, with the British Pound quoted at PKR 372.94 (TT Selling) and PKR 372.27 (TT Buying) for ready transactions. The GBP/PKR pair demonstrates consistent upward momentum in forward markets, reaching PKR 349.42 for 6-month contracts. Remittances destined for the UK and bilateral trade activities remain highly sensitive to this rate, especially for Pakistani expatriates and importers of British merchandise and services. Quick conversion: £100 equals approximately PKR 37,294 at today's TT selling rate—helpful for planning tuition fees or family remittances. Cash Notes Rate: GBP cash notes are trading at PKR 374.80 (selling) and PKR 370.38 (buying). Kuwaiti Dinar (KWD) Leads at PKR 907.39 The Kuwaiti Dinar continues as the highest-valued currency against the PKR in today's report, trading at PKR 907.39 (TT Selling) and PKR 905.76 (TT Buying) on a ready basis. As a vital currency for Pakistani workers in the Gulf Cooperation Council region, the KWD/PKR rate directly affects remittance inflows from Kuwait. Remittance insight: Every 1,000 KWD remitted home equals approximately PKR 907,390 for Pakistani households—making well-timed transfers essential for maximizing value. Euro (EUR) at PKR 321.84 The Euro is quoted at PKR 321.84 (TT Selling) and PKR 321.26 (TT Buying) for same-day settlements. With substantial trade and educational ties between Pakistan and Eurozone countries, this rate is closely monitored for business transactions and student remittances. The EUR shows stable forward pricing, with 6-month rates at PKR 303.95, reflecting contained volatility expectations. Cash Notes Rate: EUR cash notes are trading at PKR 323.45 (selling) and PKR 319.64 (buying). Saudi Riyal (SAR) at PKR 74.25 The Saudi Riyal is positioned at PKR 74.25 (TT Selling) and PKR 74.12 (TT Buying). With millions of Pakistani expatriates working in Saudi Arabia, this rate is crucial for remittance calculations and Hajj/Umrah travel planning. Cash Notes Rate: SAR cash notes are trading at PKR 74.63 (selling) and PKR 73.74 (buying). UAE Dirham (AED) at PKR 75.90 The UAE Dirham holds steady at PKR 75.90 (TT Selling) and PKR 75.76 (TT Buying). As another key Gulf currency for Pakistani expatriates, the AED/PKR rate significantly impacts cross-border money transfers from the UAE. Cash Notes Rate: AED cash notes are trading at PKR 76.28 (selling) and PKR 75.38 (buying). Canadian Dollar (CAD) at PKR 200.01 The Canadian Dollar is trading at PKR 200.01 (TT Selling) and PKR 199.65 (TT Buying). With expanding educational, immigration, and commercial ties between Pakistan and Canada, the CAD/PKR rate is increasingly significant for students, families, and SMEs involved in cross-border commerce. Student alert: Canadian tuition fees of CAD 20,000 would require approximately PKR 4.00 million at current rates—plan your foreign exchange requirements accordingly. Other Major Currencies in Focus Beyond the priority currencies, numerous other major and regional currencies are actively quoted in Pakistan's foreign exchange market today. The Japanese Yen (JPY) stands at PKR 1.7365 (selling) and PKR 1.7334 (buying). Asian counterparts feature the Chinese Yuan (CNY) at PKR 41.14/41.06, Malaysian Ringgit (MYR) at PKR 68.57/68.45, and Thai Baht (THB) at PKR 8.47/8.45. Other notable rates include the Australian Dollar (AUD) at PKR 195.17/194.82, Swiss Franc (CHF) at PKR 349.05/348.42, Singapore Dollar (SGD) at PKR 216.56/216.17, and New Zealand Dollar (NZD) at PKR 161.59/161.30. European currencies include the Swedish Krona (SEK) at PKR 29.34/29.29, Norwegian Krone (NOK) at PKR 29.47/29.41, and Danish Krone (DKK) at PKR 43.06/42.99. The Hong Kong Dollar (HKD) is quoted at PKR 35.57/35.51, while the South Korean Won (KRW) trades at PKR 0.1829/0.1826.
The Punjab Enforcement and Regulatory Authority (PERA) has issued a notification introducing new market closing times across Punjab.According to the new timings, shops, market, shopping malls, bazaars, and department stores will be required to close by 9:00 PM.Businesses selling daily essential items, including bakeries, grocery stores, and general stores, will be allowed to operate till 10 PM. Wedding and banquet halls and other venues hosting commercial events will also be allowed to remain open until 10:00 PM. Read Also: Punjab restores old market timing rules The new market timing notification gives a one-hour relaxation to restaurants, cafes, cinemas, and eateries, and separate fruit and vegetable shops, which will be allowed to remain open until 11:00 PM.Takeaway and home delivery services will be exempted from these timings.The notification further states that pharmacies, medical stores, hospitals, clinics, laboratories, standalone bakeries, tandoors, dairy shops, petrol stations, CNG stations, electric vehicle charging facilities, a gym, sports facilities, IT companies, and call centers. will be exempted from the revised business hours.
ISLAMABAD — Pakistan's Finance Minister Muhammad Aurangzeb on Thursday presented the Pakistan Economic Survey 2025-26, the government's flagship annual economic report, a day before the federal Budget 2026-27 is due to be presented before the National Assembly on June 12, 2026.The survey reveals that Pakistan's economy expanded by 3.7 percent during the outgoing fiscal year — below the official target of 4.2 percent, but a step up from the 3.1 percent growth recorded in FY2025. Aurangzeb attributed the shortfall to regional tensions linked to the Iran conflict, heavy monsoon disruptions, and a broader slowdown in the global economy, which itself decelerated from 3.7 percent to 3.1 percent growth over the same period. Macro Stability: Lower Inflation, Record Surplus, Stronger Reserves Despite the growth miss, the Pakistan Economic Survey 2025-26 points to notable improvements in macroeconomic fundamentals. Average inflation for the year came in at approximately 6.7 percent — well below the annual target of 7.5 percent, and a dramatic fall from the double-digit inflation that weighed on households in recent years. The country's primary surplus reached 3.5 percent of GDP, the highest in over two decades and a reflection of tight fiscal discipline maintained under the IMF program.Federal Board of Revenue (FBR) tax collections rose to Rs11.229 trillion, while non-tax revenues added another Rs4.633 trillion to government coffers. Pakistan's fiscal deficit is projected at a 21-year low of 3.6 percent of GDP for FY26, driven by record central bank profits, a 45 percent jump in petroleum development levy receipts, and early retirement of domestic debt that brought interest payment obligations down sharply.Foreign exchange reserves climbed to $17.2 billion, marking a 49 percent increase year-on-year, improving import cover to 2.75 months — a signal of greater stability in Pakistan's external position heading into Budget 2026-27. Remittances: A Record-Breaking Bright Spot Workers' remittances were among the standout performers of the year. Overseas Pakistanis sent home approximately $38 billion in the first eleven months of the fiscal year — a 9 percent increase over the prior year — with full-year inflows projected to reach a record $41 billion by the close of FY2026. The finance minister credited the Roshan Digital Account initiative as a key driver, encouraging Pakistanis abroad to channel savings into formal banking channels. "Remittances have remained a critical pillar of Pakistan's external sector stability, and the consistent confidence of overseas Pakistanis in the country's economic direction is a source of great encouragement."— Finance Minister Muhammad Aurangzeb, presenting the Pakistan Economic Survey 2025-26 Agriculture: Well Short of Target Agriculture — the backbone of Pakistan's rural economy, employing roughly 38 percent of the workforce — posted provisional growth of 2.89 percent, significantly below the 4.5 percent target set at the start of the fiscal year. Major crops grew at just 0.65 percent against an ambitious 6.7 percent target, while the cotton crop — critical to the textile sector and exports — fell 0.5 percent to 7.05 million bales. ⚠ Sectors That Missed Targets — FY2025-26 Sector Actual Target GDP Growth 3.7% 4.2% Agriculture 2.89% 4.5% Major Crops 0.65% 6.7% Industry 3.51% 4.3% Exports (11M) $28B $35.3B Per Capita Income (Rs) Rs533,629 Rs560,803 On the positive side, wheat production increased to 29.6 million tonnes (+4.3%), rice output reached nearly 10 million tonnes (+2.8%), and sugarcane production climbed to 89.45 million tonnes (+6.2%). Minor crops also performed well, with chickpea production surging over 50 percent and banana and potato output each recording double-digit gains. Industry and Services: Mixed Picture Industrial growth came in at 3.51 percent, below the 4.3 percent target, but supported by a recovery in large-scale manufacturing — particularly textiles, cement, and automobiles, which rebounded with 4.8 percent growth in the first half of the year. The services sector was the relative outperformer, expanding by 4.09 percent, marginally ahead of its 4 percent target, driven by wholesale and retail trade, financial services, and IT-enabled services.IT exports were a headline success, reaching $3.8 billion for the fiscal year — a 21 percent increase year-on-year — underscoring the growing role of Pakistan's technology sector as a foreign exchange earner and a priority area heading into Budget 2026-27 planning. External Sector: Trade Gap Widens Despite Reserve Gains The external account presented a mixed picture. During the July–April period, the current account swung to a deficit of $200 million, compared with a surplus of $1.7 billion in the same period a year earlier. Merchandise exports declined 5.4 percent to $25.8 billion over the period, while imports rose 8.5 percent to $52.8 billion — driven partly by higher energy import costs linked to regional disruptions. Against the full-year export target of $35.3 billion, actual exports for eleven months stood at just $28 billion. ✅ Key Wins in the Pakistan Economic Survey 2025-26 Inflation averaged 6.7% — below target and near a multi-year low Primary surplus of 3.5% of GDP — a 21-year record Forex reserves up 49% to $17.2 billion Remittances on track to hit record $41 billion IT exports up 21% to $3.8 billion FBR collections reached Rs11.229 trillion Services sector slightly exceeded its growth target What to Expect From Budget 2026-27 The Pakistan Economic Survey serves as the baseline document for the federal budget, and this year's report sets a complex backdrop for Finance Minister Aurangzeb as he prepares to address the National Assembly on June 12, 2026. The Budget 2026-27 is expected to focus on maintaining the IMF-mandated fiscal path — keeping the deficit in check while seeking new revenues — while also addressing the social cost of tight economic policies on lower-income households.Reports ahead of the budget suggest the government is considering a carbon levy of up to 19.5 percent on vehicles above 2,000cc, measures to expand the tax base beyond the existing registered filers, and further enhancements to the BISP social protection programme. With the IMF projecting Pakistan's GDP growth at around 3.5 percent for FY27 and inflation risks remaining elevated due to global energy price pressures, the Budget 2026-27 will be closely watched by markets, businesses, and international lenders alike.The State Bank of Pakistan raised its policy rate to 11.5 percent in April 2026 — signaling that monetary policy will not accommodate fiscal expansion — leaving the government with limited room to boost spending ahead of the new fiscal year.
LAHORE: A meeting of the Central Ruet-e-Hilal Committee has been summoned in Lahore on June 15 for the sighting of Muharram ul Haram moon.The moonsighting meeting will be held at historic Badshahi Masjid of Lahore.Chairman of the Central Ruet-e-Hilal Committee Maulana Abdul Khabeer Azad will chair the meeting.Zonal Ruet-e-Hilal Committees will also meet separately on Monday at their respective headquarters for the moon sighting.The Central Ruet-e-Hilal Committee will review the countrywide evidence and will announce its decision about the sighting/non-sighting of the crescent.The astronomers are of the opinion that the probability of moon sighting has been scarce on June 15 evening, adding that the 1st Muharram ul Haram 1448 likely to fall on June 17 and the Youm-e-Ashur on June 26.
ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Thursday urged all political parties to uphold the sanctity of Parliament and ensure the smooth functioning of democratic institutions, stressing that political disputes should not be allowed to weaken the legislature.Speaking in the National Assembly, he said leaders of major political parties, including the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N), had faced imprisonment and political hardships in the past but never compromised on the dignity of Parliament.He noted that despite legal and political challenges, these leaders chose constitutional and legal forums to pursue their grievances rather than disrupting democratic institutions.Criticising the Pakistan Tehreek-e-Insaf (PTI), the minister said the party had repeatedly disrupted parliamentary proceedings over the past two years by linking its participation in the House to the imprisonment of its leader."Institutions and the country are more important than individuals. Personalities come and go, but Pakistan remains," he said.Khawaja Asif said political parties have every right to seek relief for their leaders through legal and political channels, but they should not obstruct parliamentary business or weaken democratic institutions.He emphasized that legislation is Parliament's primary responsibility and called on lawmakers to keep their protests within democratic and constitutional limits.Read More: PTI walks out of National Assembly, demands access to party founderThe minister said that many PTI lawmakers also wanted the House to function smoothly, but repeated disruptions had adversely affected Parliament's credibility and effectiveness.Speaking on the issue of Kashmir and the voting rights of Kashmiri refugees, Khawaja Asif said both Pakistanis and Kashmiris had made immense sacrifices for the Kashmir cause.He described Kashmir as not only an issue for Kashmiris but a national cause that concerns the entire nation.Recalling the vision of Muhammad Ali Jinnah, he noted that the founder of Pakistan had described Kashmir as the country's "jugular vein."
MITHI: Police have registered a First Information Report (FIR) and arrested two suspects for allegedly torturing a female camel and gouging out one of its eyes in a village in Sindh's Tharparkar district.The incident drew widespread condemnation, prompting Sindh Chief Minister Syed Murad Ali Shah to order strict action against those responsible and ensure the animal receives the best possible medical treatment.According to a statement issued by the Chief Minister's House, Murad Ali Shah directed the Livestock and Fisheries Department to provide round-the-clock monitoring and veterinary care until the camel fully recovers.The Livestock Department informed the chief minister that the camel's condition had stabilized following treatment. Officials said the animal is now able to stand, walk, eat, and drink without significant difficulty.Deputy Commissioner Tharparkar Haleem Jagirani, who personally visited the village to assess the situation, reported considerable improvement in the animal's health.Mystery disease outbreak claims several camels' life in CholistanSenior Superintendent of Police (SSP) Tharparkar Arif Aziz informed the chief minister that police had registered an FIR at Khensar Police Station and arrested two suspects in connection with the case.According to a report prepared by the Directorate of Animal Husbandry, Sindh, a veterinary team visited the village in Union Council Charnhor, Taluka Chachro, and conducted a detailed clinical examination of the injured camel.The examination revealed that the camel's right eyeball had been severely damaged beyond recovery.According to the animal's owner, the camel was allegedly seized by a neighbour on May 25 and kept confined at his residence, where it was subjected to severe physical abuse. The owner said he managed to recover the animal two days later but delayed reporting the incident due to alleged threats and pressure from the suspects.The FIR states that when the complainant traced the camel to a nearby village, Khan Muhammad Rind, he found it tied up inside an enclosure with its legs bound.According to the complainant, when he confronted the owners of the enclosure, several individuals gathered and argued that the camel frequently entered their land and consumed their fodder.Veterinary officials said treatment began immediately and included wound cleaning and dressing, administration of broad-spectrum antibiotics, pain management medication, intravenous fluid therapy, and nutritional support through multivitamins and other supplements.Chief Minister Murad Ali Shah directed the Livestock Department to continue providing all necessary medical care and submit regular updates on the animal's condition. He also sought a report on legal action taken against those involved in the incident.He also appreciated the prompt response of the Livestock and Fisheries Department and directed Secretary Kazim Jatoi to ensure the availability of all resources required for the camel's treatment and rehabilitation.
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