Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, briefed Pakistani media representatives based in Washington, D.C. on Pakistan’s evolving economic outlook, progress on reforms, and outcomes of his engagements during the World Bank-IMF Spring Meetings 2026.The interaction was also attended by the Governor of the State Bank of Pakistan, Jameel Ahmad, and Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh.The finance minister Aurangzeb said Pakistan had successfully returned to international capital markets after a four-year absence, citing the private placement of a $500m three-year Eurobond. He described the move as a “vote of confidence” by global investors, reflecting improved economic management and policy consistency.He stressed that restoring investor confidence requires adherence to sound economic fundamentals and maintaining what he termed “basic economic hygiene,” which remains central to the Government’s policy approach.During the meetings, Aurangzeb said he held discussions with officials from key economies, including the United States, China and the United Kingdom, with a focus on expanding cooperation in trade, investment and sectors such as information technology, energy and minerals.The minister also highlighted improved external sector indicators, noting that Pakistan recorded a current account surplus of more than $1bn in March.Remittances reached $3.8bn during the same period, while inflows under the Roshan Digital Account rose to a record $261m,with expectations of further growth in April, reflecting sustained confidence among overseas Pakistanis.He described overseas Pakistanis as a critical pillar of economic stability, pointing to growing use of formal financial channels as a sign of sustained confidence in the country’s economic direction.On financial sector reforms, the Finance Minister outlined efforts to strengthen financial oversight and formalise exchange company operations, in coordination with the central bank and law enforcement agencies. Measures include improving transparency, increasing capital requirements and encouraging documented financial flows.Addressing fiscal policy, Senator Aurangzeb outlined that preparations for the upcoming budget are underway through consultations with chambers of commerce, business councils, and other stakeholders. The government aims to broaden the tax base while incorporating stakeholder input before final approval by cabinet and parliament. The finance minister acknowledged that bureaucratic delays and outdated procedures continue to affect the ease of doing business, but said reforms are being accelerated to simplify regulations and reduce administrative bottlenecks.He also emphasised the importance of policy continuity, particularly in initiatives such as the Roshan Digital Account, arguing that predictable frameworks are essential to attracting long-term domestic and foreign investment.On energy and climate policy, the Finance Minister underscored the importance of transitioning towards renewable energy, while also addressing structural challenges in the energy sector. He highlighted lessons learned from recent climate-related shocks, noting that improved fiscal buffers and institutional preparedness have enhanced Pakistan’s capacity to respond to natural disasters using domestic resources.The Finance Minister also emphasized the importance of responsible borrowing practices, clarifying that international financial platforms should serve as mechanisms for knowledge sharing and peer learning rather than debt relief advocacy. He reiterated Pakistan’s commitment to honoring all its financial obligations in a timely manner.Addressing global and regional developments, Senator Aurangzeb highlighted Pakistan’s constructive role in promoting peace and stability, noting that international recognition of Pakistan’s diplomatic efforts has strengthened investor confidence and enhanced the country’s global standing.The Finance Minister further pointed to emerging positive developments, including increased transshipment activity through Pakistan’s ports and improved logistics management, which are contributing to economic activity despite challenging global conditions.Concluding the interaction, Senator Aurangzeb reaffirmed the Government’s commitment to sustaining macroeconomic stability, advancing structural reforms, and maintaining a disciplined policy framework to support long-term, inclusive growth.

KARACHI: The Hajj 2026 operation formally commenced today as pilgrims began arriving at the airport on Saturday night, ARY News reported.The first Hajj flight, operated by a private airline, is scheduled to depart at 3:00 AM. Meanwhile, the immigration process for the pilgrims has already begun.Officials from the Airport Authority, the Ministry of Religious Affairs, Customs, and the Federal Investigation Agency (FIA) are stationed at Quaid-e-Azam International Airport, Karachi, to facilitate the process.According to the Ministry of Religious Affairs, as many as 31,000 pilgrims are expected to depart from Karachi airport this year. All special arrangements to assist the pilgrims have been finalized.Governor Sindh is scheduled to see off the pilgrims of the inaugural Hajj flight today.Whereas, Saudi Arabia’s General Directorate of Passports is fully prepared for the Hajj 1447H season, with reception services officially commencing today.Hajj flights from Pakistan, Indonesia, and various other countries are scheduled to begin arriving today. According to Saudi media, all immigration and customs arrangements have been finalized at various airports to welcome the pilgrims. Officials stated that immigration counters have been activated across air, land, and sea pathways. All preparations are complete to ensure that the transportation of pilgrims is speedy, organized, and seamless.The most modern digital systems have been implemented to facilitate pilgrims at all points of entry.Saudi officials emphasized that waiting times for immigration will be significantly minimized through the use of this advanced technology.Furthermore, Saudi media reported that specially trained staff will be available 24/7 to provide guidance to pilgrims.Officials added that all Hajj season operations will be conducted smoothly through the mutual cooperation of all relevant institutions.

ANTALYA: At the Antalya Diplomacy Forum, Deputy Prime Minister Ishaq Dar highlighted the economic potential of South Asia, saying the region, particularly Pakistan, has vast untapped capacity but continues to lag behind in key economic indicators due to limited integration and trade frameworks, ARY News reported.He noted that despite a population of nearly two billion, the region’s combined GDP stands at around four trillion dollars, stressing that stronger connectivity and structured trade systems are urgently needed among regional countries.Dar said that instability linked to conflicts such as the Iran–US tensions has also had a negative impact on regional trade and economic activity, adding that Pakistan has been actively supporting diplomatic efforts aimed at de-escalation since the beginning of the crisis.Also Read: Ishaq Dar hopes US–Iran talks will continue, reaffirms Pakistan’s role as facilitatorHe pointed out that Pakistan is well-positioned as a transit hub in South Asia and reiterated the need for improved trade and transport linkages between regional states to unlock economic growth.The Deputy Prime Minister also described Pakistan’s mediation efforts in facilitating dialogue between Iran and the United States as a matter of pride, noting that progress in diplomatic engagement after several decades is encouraging for regional stability.Referring to recent developments, he welcomed the reopening of key maritime routes following ceasefire-related progress and said that even limited agreement on outstanding issues between Washington and Tehran would be a positive step for global and regional peace.

Dubai / Karachi, April 17, 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 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 17, 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. 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.

The government of Sindh has launched the People’s Bus Service from Shikarpur to Sukkur. Senior Minister Sharjeel Inam Memon described the Service as a “gift” to the people of Shikarpur from Chairman Bilawal Bhutto Zardari and President Asif Ali Zardari.Addressing the inaugural ceremony, he said that the bus service was now being launched and it was the responsibility of the public to protect it.“These buses are the property of the people, and the people must take care of them,” he added.He said that half of the bus fare would be borne by the Sindh government and the remaining half by passengers.Sharjeel Memon said the Sindh government had carried out record development work. He alleged that a “deliberate conspiracy” was being hatched against the Sindh government and the Pakistan Peoples Party was being subjected to a media trial.He claimed that roads in rural areas of Sindh under the provincial government’s management were the best in the province.“We have the best hospitals in Pakistan,” he said, adding that the facilities being provided by the Sindh government at the Autism Center were unmatched by any institution in Pakistan and could only be compared with international institutions.He said that the Pakistan Peoples Party is working for every member of society adding that when petroleum product prices increased, the Sindh government launched a monthly subsidy of Rs 2,000 for motorcyclists.He said farmers owning less than 25 acres of land were registered and their data collected, after which they were provided free DAP and urea fertilizer bags for wheat cultivation.Memon said more than 300,000 people had recently been given a subsidy of Rs 1,500 per acre for operating threshers, and the amount had already reached the farmers.He said work was underway day and night for the development of Shikarpur and solar panels were being provided free of cost. He urged women to come forward and avail the free pink scooties being offered by the government.

ISLAMABAD: Prime Minister Shehbaz Sharif has approved decreasing the diesel price by Rs 32.12, ARY News reported.After the reduction, the new diesel price declined to Rs 353.43 per litre.On the other hand, the premier, Shehbaz Sharif, said that we will soon transfer the impact of the lowering of the oil prices to the masses.Earlier on April 10, Prime Minister of Pakistan, Shehbaz Sharif, decided to reduce the petrol price and diesel rate in the country.Addressing the nation, the PM announced that the petrol price has been reduced by Rs11.83 per litre, bringing the new rate to Rs366.58 per litre. The move is aimed at providing partial relief to consumers amid ongoing economic pressure.Meanwhile, the diesel price has also been cut by Rs134.81 per litre, with the new rate set at Rs385.54 per litre.Officials confirmed that the revised petrol price and diesel rates will come into effect from midnight across the country.The reduction follows Prime Minister Shehbaz Sharif’s directive to adjust fuel prices in line with global market trends, as the government continues efforts to ease inflationary pressure on the public.Before this, the government had announced a massive increase in petrol prices and diesel rates after the Iran war triggered a global petroleum shortage. The announcement was made by Minister of State for Finance Ali Pervaiz Malik, alongside Federal Finance Minister Muhammad Aurangzeb, during a press conference.The petrol price was increased by Rs138 per litre, taking it to Rs458.40 per litre, while the diesel rate was raised by Rs184 per litre to Rs520.35 per litre.However, a day after the historic hike in petrol price, Prime Minister Shehbaz Sharif announced a short-term relief measure aimed at easing pressure on the public by lowering fuel rates.PM of Pakistan, Shehbaz Sharif, later revised the petrol price to Rs 378 per litre by slashing Rs 80.In addition to the fuel adjustment, the Prime Minister also announced austerity measures, stating that salaries and privileges of cabinet members would remain suspended for six months as part of efforts to manage financial pressures and demonstrate fiscal discipline.

Karachi, April 17, 2026 – Silver prices in Pakistan have shown firm upward momentum today, with the chandi ka rate at Rs. 8,321 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. 7,132 per 10 grams and Rs. 713.2 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.Current Silver Rates in Pakistan- April 17, 2026 Weight Rate (PKR) Notes 1 Gram 713.2 Fine/Pure Silver 10 Grams 7,132 Fine/Pure Silver 1 Tola 8,321 Standard Rate   Rates are approximate and based on latest Karachi Sarafa/local reports

ANTALYA: This afternoon, Prime Minister (PM) Shehbaz Sharif held a bilateral meeting with President Recep Tayyip Erdoğan of Türkiye on the sidelines of the 5th Antalya Diplomacy Forum in Antalya.The meeting was attended by Deputy Prime Minister & Foreign Minister Senator Mohammad Ishaq Dar, Minister for Information Ataullah Tarar, and other senior officials.Turkish Foreign Minister H.E. Hakan Fidan and other senior Turkish officials were also present.During the warm and cordial meeting, President Erdoğan welcomed the Prime Minister to Türkiye and thanked him for his participation in the 5th Antalya Diplomacy Forum.He praised the Prime Minister’s peace efforts and said Türkiye would continue to support Pakistan’s diplomatic initiative to bring peace to the region.The Prime Minister thanked President Erdoğan for his warm invitation and traditional Turkish hospitality extended to him and his delegation during his stay in Antalya.He congratulated the Turkish President on the success of the 5th Antalya Diplomacy Forum, which he said, had transformed into an important global event.The two leaders exchanged views on recent regional developments, particularly the evolving situation in the Middle East. The Prime Minister thanked President Erdoğan for his strong support and encouragement of Pakistan’s peace efforts and shared with him the updates on how to extend the ceasefire and resume talks so that a peace agreement could be reached.The two leaders emphasized the importance of effectively utilizing the current window of opportunity to advance a durable and lasting regional peace.While reaffirming the deep-rooted, historic, and brotherly ties between Pakistan and Türkiye, both leaders expressed satisfaction at the positive trajectory of bilateral relations. They agreed to convene the 8th High-Level Strategic Cooperation Council (HLSCC) meeting in Ankara later this year.Both leaders emphasized the importance of expediting the implementation of ongoing initiatives and exploring new opportunities to further deepen economic engagement.The meeting concluded with both leaders reaffirming their resolve to further strengthen the strategic partnership between Pakistan and Türkiye, building on fraternal ties and a shared vision for peace and prosperity.   

The Bureau of Emigration & Overseas Employment of Pakistan has released guidance for Pakistani citizens seeking a ‘ Post Study Work Visa of New Zealand’. This visa allows students to stay and work in New Zealand for up to three years after completing studies there.Under the updated policy, the application fee starts from NZD 1,670, and authorities say around 80% of applications are processed within four and a half weeks.This visa can also lead to a resident visa. To be eligible, applicants must have recently finished studying in New Zealand for an approved qualification.To qualify, applicants must have recently completed an approved course of study in New Zealand. They are required to apply within three months of their student visa expiring. However, extended deadlines apply in certain cases up to six months for doctoral graduates and up to twelve months for those who progressed immediately to a higher-level qualification of less than 30 weeks’ duration.According to the guidance given by the Bureau of Emigration & Overseas Employment of Pakistan, applicants must demonstrate access to at least NZD 5,000 for living expenses, be in good health, meet character requirements, and possess a genuine reason for coming to New Zealand.Regarding academic eligibility, candidate must have completed a degree level seven or higher qualification, and studied it full-time for at least thirty weeks in New Zealand.Those with non-degree qualifications at Level 7 or below may also qualify if their course appears on the approved list.Graduates with a Level 7 degree or higher can work for any employer in any role. Those with lower-level qualifications must secure employment related to their field of study.Applicants may also support visas for their partner and dependent children, and can learn more about this by visiting the link Bringing family if you have a work visa.Officials have also indicated that from late 2026, eligibility will be expanded to certain graduate diplomas and bachelor’s degree holders.Application Process:The application process consists of several steps. The first step is to successfully complete your qualification while maintaining a valid visa.The second step is to gather your documents. Applicant will need a copy of your passport or certificate of identity valid for at least three months beyond intended departure date, acceptable photos, proof of your qualification, and bank statements.If applicant need to prove good character, police certificates may be required if he is aged seventeen or older and staying for twenty-four months or more. Any documents not in English require certified translations.The third step is to submit application and pay the fee online or on paper.After applying, applicant reach the fourth step, which is waiting for a decision.If applicanbt current visa is expiring, he might be granted an Interim Visa to remain lawfully in New Zealand.The final step is checking application status. Approved applicants will receive an eVisa.

An AI-based E-Challan system has been introduced in another city of Punjab, Khanewal, authorities have said.According to a statement issued by the Punjab Safe Cities Authority, the modern AI-based E-challan system has now been formally launched in Khanewal. Also Read: Punjab to introduce e-tagging for all vehicles Officials stressed that effective monitoring of traffic violations and ensuring swift enforcement of the law has been made possible through the AI-based E-challan system.Using advanced Safe City technology, offences such as speeding, lane violations and other breaches of traffic rules are being detected automatically, so as to ensure public safety, Punjab Safe Cities Authority added.Authorities have also urged residents to comply with traffic regulations and help ensure safer travel.

ISLAMABAD: Federal Minister for Energy Awais Ahmed Khan Leghari has stated that petrol price is likely to decrease following the reopening of the Strait of Hormuz for commercial trade today, ARY News reported.The Federal Minister took to his X account to state that, through the extensive efforts of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir, Pakistan has become a global flag bearer for peace.Minister Leghari noted that the ceasefire brokered in Lebanon has allowed for the resumption of commercial trade, coinciding with the reopening of the Strait of Hormuz. اللہ تعالی کا شکر کہ پاکستان کو یہ موقع ملا کہ ہمارے وزیراعظم شہباز شریف اور فیلڈ مارشل سید عاصم منیر کی بھر پور کوششوں سے پاکستان عالمی امن کا علمبردار بنا ، لبنان میں جنگ بندی ہو ئی اور آبنائے ہرمز کمرشل آمد ورفت کیلیے آج کھل گئی ہے انشاءاللہ ان کوششوں کی وجہ سے پٹرول اور… pic.twitter.com/4lC3FS7Mwc — Awais Leghari (@akleghari) April 17, 2026 He remarked, "Insha'Allah, as a result of these efforts, petroleum prices will soon decrease, and electricity provision will improve with the renewed supply of LNG."Earlier, Iran announced the complete reopening of the strategically vital Strait of Hormuz, signaling a significant development amid ongoing regional de-escalation efforts.Iranian Foreign Minister Abbas Araghchi on X (former Twitter) confirmed that the waterway has been fully opened, linking the move to the prevailing ceasefire conditions in the region, particularly in Lebanon. In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran. — Seyed Abbas Araghchi (@araghchi) April 17, 2026 According to the Iranian foreign minister, the Strait of Hormuz will remain fully operational for the duration of the ceasefire agreement between Iran and the United States. He described the decision as a step aligned with efforts to maintain stability during the truce period.“The Strait of Hormuz has been fully reopened,” Araghchi stated, adding that the move corresponds with the ceasefire environment and aims to ensure uninterrupted maritime activity.The Strait of Hormuz is one of the world’s most critical oil transit chokepoints, and any disruption or reopening carries major implications for global energy markets and regional security.The announcement comes as part of broader efforts to ease tensions following recent hostilities, with the ceasefire seen as a key opportunity to stabilize the situation.

ISLAMABAD: The government of Pakistan has permanently abolished the provision of free electricity units for employees in the power sector, in what officials describe as a major policy decision.The federal minister for Energy, Awais Leghari, has said the supply of free electricity to power sector workers is now a thing of the past.Awais Leghari has welcomed a related court ruling in this regard and called the move a positive step, adding that this is the first government under Prime Minister Shehbaz Sharif to take what he described as a bold decision to end the benefit.He added that the removal of free electricity units had long been a public demand, and fulfilling it was among the government’s priorities.He said that the government remains committed to taking necessary measures for economic recovery and national development, saying further decisions would be made without hesitation in the interest of the country.

KARACHI: The Sindh government has approved a new advanced digital ‘student attendance monitoring system’ aimed at improving school attendance and reducing dropout rates across the province.The decision was taken during a cabinet meeting of Sindh chaired by Chief Minister Murad Ali Shah, where officials presented details of the initiative.Under the new digital system, each student in public schools will be assigned a unique identification (ID) number.Teachers will record daily attendance using a mobile application, with the data uploaded in real time to a central dashboard accessible at both provincial and district levels.If a student remains absent for an extended period, teachers and concerned authorities will receive automatic alerts t.The program will operate via teachers’ mobile phones, with internet and data expenses to be covered through school budgets.The Chief Minister of Sind, Syed Murad Ali Shah, believes that the initiative will help to enhance transparency in attendance tracking while also improving oversight of teaching staff.Separately, the cabinet was also briefed on a proposal to award scholarships to 20,000 students in public universities.The scheme aims to equip young people with skills aligned with the demands of the modern digital markets.

ISLAMABAD: The Power Division of Pakistan has said a surge in water releases from dams has significantly boosted hydropower generation, helping ease pressure on the national grid.A spokesperson for the power division said water discharge from dams was increased last night from 8,000 to 30,000 cusecs, resulting in the generation of an additional 2,300 megawatts of electricity.Total hydropower generation rose from 1,800 megawatts to 4,100 megawatts.According to the spokesperson, the increase in hydropower has helped to stabilise the grid, particularly in central parts of the country.Officials say further generation in hydropower is expected as demand for irrigation water rises among farmers.The spokesperson for the power division of Pakistan added that load management duration has been reduced from around six hours to between two and a half and three hours.While with improved availability of liquefied natural gas (LNG) and higher hydropower generation, authorities expect that the temporary issue of power shortages will ease in the coming days.

KARACHI – April 17, 2026 – The State Bank of Pakistan (SBP) on Friday issued the official currency rates for the day, showing mixed movements across major global currencies. While the US Dollar (USD) remained largely stable against the Pakistani Rupee (PKR), high-value Middle Eastern currencies, including the Kuwaiti Dinar and Bahraini Dinar, continued to dominate as the most expensive in the interbank market. Traders noted a cautious sentiment in the open market, with the central bank’s figures providing a benchmark for banks, exchange companies, and corporate treasuries.US Dollar (USD) Stays Range-Bound The US Dollar, the most actively traded foreign currency in Pakistan’s banking system, was quoted at Rs. 278.50 for buying and Rs. 280.00 for selling on April 17, 2026. The SBP’s data indicates a narrow spread, reflecting stable demand for the greenback amid ongoing discussions with the International Monetary Fund (IMF) under the current bailout program. Analysts expect the USD/PKR parity to remain range-bound in the coming sessions, barring any geopolitical shocks.UK Pound (GBP) Sees Moderate Gains The British Pound Sterling (GBP) appreciated against the Rupee, trading at Rs. 366.50 for buying and Rs. 369.00 for selling. The uptick in the Pound comes despite mixed economic data from the UK. Importers settling letters of credit (LCs) for machinery and raw materials from Britain faced a slightly higher cost compared to the previous week. The GBP remains a key barometer for remittances from the UK-based Pakistani diaspora.Euro (EUR) Edges Higher on ECB Signals The Euro was quoted at Rs. 320.75 for buying and Rs. 323.25 for selling. The single currency strengthened marginally against the Rupee, mirroring the Euro’s global performance following hawkish comments from European Central Bank (ECB) officials. Travelers heading to European Union countries and students planning to study abroad will find the Euro slightly more expensive than earlier in the month.Canadian Dollar (CAD) Remains Resilient The Canadian Dollar (CAD), a popular currency among Pakistani expatriates and students, recorded a buying rate of Rs. 203.25 and a selling rate of Rs. 205.50. Supported by stable crude oil prices, the Canadian Dollar held its ground against the PKR. With thousands of Pakistani students enrolled in Canadian universities, the CAD’s trajectory remains a key financial indicator for education-related remittances.Middle East Movers: Bahraini Dinar, Kuwaiti Dinar, Omani Riyal Middle Eastern currencies, crucial for Pakistan’s remittance inflows from Gulf Cooperation Council (GCC) countries, showed a mixed picture: Kuwaiti Dinar (KWD): Remained the strongest currency against the Pakistani Rupee, trading at Rs. 908.00 (buying) and Rs. 912.50 (selling). The KWD consistently outranks the US Dollar in absolute value. Bahraini Dinar (BHD): Quoted at Rs. 739.75 (buying) and Rs. 743.25 (selling), the BHD maintained its premium status due to Bahrain’s fixed peg to the US Dollar. Omani Riyal (OMR): Another GCC stablecoin, the OMR was traded at Rs. 723.50 (buying) and Rs. 726.75 (selling). These high rates mean that Pakistani workers in Kuwait, Bahrain, and Oman send home significantly higher rupee value per unit of their earnings, providing a cushion against local inflation.Other Currencies at a Glance In other trading, the Australian Dollar (AUD) was recorded at Rs. 181.50/183.75, while the Japanese Yen (JPY) remained low at Rs. 1.85/1.92 per unit. The Swiss Franc (CHF) traded at Rs. 327.00/329.50, and the Chinese Yuan (CNY) was quoted at Rs. 38.25/38.80. The UAE Dirham (AED) and Saudi Riyal (SAR) — both pegged to the USD — were stable at Rs. 75.80/76.20 and Rs. 74.25/74.70 respectively. The Qatari Riyal (QAR) stood at Rs. 76.40/76.90. Disclaimer: These are the interbank rates issued by the State Bank of Pakistan for April 17, 2026. Actual retail rates at exchange companies and banks may vary due to applicable margins and taxes.

ISLAMABAD: A Pakistani-flagged oil tanker, MT Shalamar, has become one of the first vessels to successfully transit the Strait of Hormuz with crude cargo following the imposition of a U.S. naval blockade, according to international shipping data.The tanker, owned and operated by the Pakistan National Shipping Corporation (PNSC), exited the Persian Gulf late on April 16, sailing south of Iran’s Larak Island into the Gulf of Oman. It was carrying approximately 450,000 barrels of crude oil loaded from Das Island in the United Arab Emirates, with Karachi listed as its destination.Its passage comes at a time when maritime traffic through the strategically vital Strait of Hormuz has significantly declined due to ongoing tensions and restrictions.Shipping data indicates that vessels now require clearance from both Iranian and U.S. authorities to pass through the waterway. While a small number of tankers carrying non-Iranian crude managed to cross the strait last week, overall traffic has remained limited over the past several weeks.The Shalamar’s movement is considered notable as it was not stranded in the Persian Gulf for long and managed to complete its transit within days of entering the region.The Strait of Hormuz, located between Iran and Oman, is one of the world’s most critical oil transit chokepoints. Since late February 2026, access has been severely restricted amid escalating tensions, contributing to volatility in global energy markets.On April 12, U.S. President Donald Trump directed the Navy to begin operations to block the strait, and days later, U.S. Central Command announced a broader shutdown of Iranian maritime trade.Despite the situation, Pakistani oil shipments have continued, with authorities securing permissions to ensure the safe passage of vessels. Officials say the development has helped ease concerns over potential fuel shortages in the country. 

LAHORE: The Lahore High Court (LHC) has dismissed a petition challenging the monetisation of free electricity units for power sector officers, upholding the federal government’s policy.In its detailed verdict, the court ruled that abolishing free electricity units for officers from Grade 17 to 22 was lawful and did not violate the Constitution.The petition had been filed by the GEPCO Officers Association against the government’s decision to monetise the facility provided to employees of WAPDA and its affiliated entities, including distribution companies (DISCOs), generation companies (GENCOs), the National Transmission and Despatch Company (NTDC), and the Power Information Technology Company (PITC).Justice Malik Javid Iqbal Wains announced the verdict, stating that the provision of free electricity units was a benefit, not a vested legal right.The court observed that the government has the authority to formulate policies for institutions under its control and that such measures fall within its administrative domain.The judgment further noted that the monetisation policy, approved by the federal cabinet committee, was neither illegal nor unconstitutional. It added that the policy did not cause any financial loss to officers, nor did it affect their employment, tenure, or salaries.The court also ruled that employees’ constitutional rights had not been infringed and that judicial interference in policy matters was not justified. It emphasized that steps taken to reduce financial losses in the power sector and ensure economic stability were within the legal framework. الحمداللہ پاکستان کی تاریخ میں پہلی بار وزیراعظم شہبار شریف کی قیادت میں پاور سیکٹر کے اہلکاروں کے فری یونٹس ختم ، معزز عدالت نے بھی ہماری عرضی کو قبول فرمایا، یہ عوام کا سب سے پرانا اور دیرینہ مطالبہ تھا جس کو پورا کرنے کا اعزاز اللہ تعالی نے ہمیں عطا فرمایا۔انشاءاللہ ہر وہ… pic.twitter.com/06hPtqDbzq — Awais Leghari (@akleghari) April 17, 2026 Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Laghari welcomed the decision.In a statement on X, he said that for the first time in Pakistan’s history, free electricity units for power sector officials had been abolished under the leadership of Prime Minister Shehbaz Sharif, calling it a long-standing public demand.According to reports, around 120,000 employees of state-owned power sector organisations had been receiving free or subsidised electricity based on their pay scales. These organisations include DISCOs, NTDC, WAPDA, GENCOs, the Central Power Purchasing Agency (CPPA), Pakistan Electric Power Company (PEPCO), and the Ministry of Energy.

As of April 17, 2026, the authentic mid-market exchange rate stands at 1 Iranian Rial (IRR) ≈ 0.000211 PKR. This figure draws from trusted global platforms and is updated around 09:00 UTC / approx. 02:00 PKT. Although the Iranian Rial encounters persistent headwinds on the international stage from sanctions and economic conditions, it continues to exhibit notable localized firmness in Pakistan’s open currency markets, especially around Karachi and border zones.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 recorded a striking upswing in recent weeks, with accounts pointing to nearly fourfold growth in its open-market worth. For example, 10 million Iranian Rials (often called one crore), which earlier exchanged for roughly PKR 2,500, are now commanding up to PKR 10,000 according to dealers in major cities. Key elements fueling this regional uptick include: Speculative buying and optimism on diplomacy: Investors and traders are eagerly acquiring Rials, anticipating possible US-Iran talks, sanctions easing, or reduced regional strains. This outlook has sparked brisk purchasing activity, with participants eyeing attractive returns. Boom in cross-border trade: Expanded informal and semi-formal commerce along the Iran-Pakistan frontier, notably involving petroleum products, fuel, and various goods routed through Balochistan, has heightened the requirement for physical Iranian Rials in transaction settlements. Hoarding and market dynamics: Currency exchange outlets observe intensified buying interest and occasional supply tightness, aided by evolving trade policies during uncertain times. The Rial’s modest base value enhances its appeal for those pursuing speculative opportunities. This contrast illustrates how local commerce patterns, unofficial economies, and market psychology can shape currency shifts apart from the Rial’s broader vulnerabilities versus the USD.Iranian Rial and Pakistani Rupee The Iranian Rial (IRR) serves as the official currency of the Islamic Republic of Iran. First introduced in 1798, it is overseen by the Central Bank of Iran. The currency has dealt with considerable depreciation pressures stemming from extended international sanctions, elevated inflation, and geopolitical issues, occasionally sparking redenomination considerations. The Pakistani Rupee (PKR) has functioned as Pakistan’s official currency since 1948, issued and supervised by the State Bank of Pakistan. Its performance reflects domestic economic strategies, remittance inflows, trade balances, inflation levels, and geopolitical factors across South Asia.

LAHORE: A girl riding a scooter was robbed by an unidentified motorcyclist in Lahore’s Nawab Town area, ARY News reported on Friday.According to reports, the woman was intercepted by a masked suspect who snatched her mobile phone at gunpoint. CCTV footage of the incident has surfaced, showing the assailant looting the victim and fleeing on a motorcycle after committing the robbery.The footage also shows the girl putting up resistance and attempting to stop the suspect. Despite her efforts and a brief scuffle, the attacker managed to escape at high speed.Police said they have taken notice of the incident and launched an investigation. A case has been registered against the unidentified suspect on the complaint of the victim’s father.The incident has sparked concern among residents of the area, with many expressing fear over rising street crime.[video mp4="https://arynews-1313565080.cos.ap-singapore.myqcloud.com/zip-archives/wp-content/uploads/2026/04/AQP1PxyiK01_411lsu_bmxhgubYN1CoZyscqWWEXGptlBi6kOnwY6_Ic_iWn3OC1gIi7UHOeH31ntYqDRn0MO1L6OzrHgjQditxmJiJu0A-1.mp4"][/video]Punjab Chief Minister Maryam Nawaz also took notice of the incident and directed Lahore police to arrest the suspect within eight hours.In a statement, she termed the incident “deeply distressing” and said that crimes against women are unacceptable. She emphasized that the protection of women remains a top priority and directed authorities to take effective measures to prevent such incidents and ensure public safety.Last year, two under-custody dacoits accused of snatching gold earrings from a woman were killed during a police encounter in Lahore.Crime Control Department (CCD) said a police team was transporting the suspects to the Manawan area for recovery of stolen items when their accomplices allegedly opened fire on the police vehicle.During the ensuing exchange of gunfire, both accused sustained critical bullet injuries and died on the spot. Officials said the suspects were involved in a previous incident in Ghaziabad, Lahore, where gold earrings were snatched from an elderly woman.