Karachi, May 29, 2025 – Canadian Dollar (CAD) remains steady against Pakistani Rupee (PKR) at 201.55 PKR as of today, according to the latest forex market trends.The steadiness during economic distress on an international level, driven by monetary policy and trade policy, is a relief for Pakistani families and firms and remittance-reliant families.Valuation Process of CAD to PKRCanadian Dollar to Pakistani Rupee exchange rate is determined by a combination of foreign exchange (forex) market economic determinants. Determination is made through:Supply and Demand: CAD-PKR exchange rate will be driven by demand and supply of the two currencies both in foreign and domestic markets. Increased demand can make CAD stronger than PKR, usually triggered by exports from Canada such as oil or good economic performance. Increased demand for PKR in terms of trade or remittances will make PKR stronger.Central Bank Policies: The central tenors of State Bank of Pakistan and Bank of Canada call for their precedence. Low inflationary rate and Canadian sound money policy that revolves around 2% have been largely responsible for the strength of CAD for years. Compared to higher inflation levels of Pakistan and vulnerability to political instability, having the bias to devalue the PKR, as in recent studies.Global Economic Indicators: The pace is influenced by geopolitics, interest rate spreads, and trade balances. Recent U.S. tariff threats, for example, have weighed on the CAD, although these have been moderated by market realignments.Market Sentiment: Speculation and Expectations of fx traders driven by international trade flows and economic forecasts can create short-term volatility. Recent stabilization at 201.48 PKR only indicates a market already discounted in risk like U.S. tariffs.Influence of StabilityCAD stability at 201.55 PKR has long-term implications:Remittances: Remittance-reliant Pakistan has a stable CAD-PKR exchange rate. A stable rate ensures predictable inflows into homes that can finance consumption and domestic economies.Trade and Companies: Pakistani businesses importing Canadian goods, say machinery or fruits, can anticipate costs, and thus planning and budgeting is easy. Yet, companies need to exercise caution since the intricacies of global trade, i.e., U.S. tariffs, can mar this equilibrium.Inflation and Cost of Living: A stable Canadian Dollar lowers imported inflation in Pakistan, as a depreciated PKR has the inclination to contribute to the cost of imported goods. The stability would deflate consumer price pressure, albeit overall inflationary challenges are still facing Pakistan.Investment Choices: Investors and policymakers in all countries can invest more securely under fixed exchange rates. The future volatility, however, possibly could be brought about by present global trade tensions, particularly U.S. policies.Introduction to CAD and PKRThe Canadian Dollar, commonly referred to as the "loonie" because of the loon bird featured on its one-dollar coin, is the official currency of Canada. The CAD is regulated by the Bank of Canada and is stable based on Canada's economic stability, inflation, and high exportation of natural resources such as oil and wood. Its exchange rate is mostly based on world commodity prices and trade, especially with the United States.The State Bank of Pakistan regulates the official state currency of Pakistan, i.e., the Pakistani Rupee (PKR). PKR is used throughout the nation, from large cities like Karachi to small rural towns. The currency is very sensitive to inflation levels, foreign exchange reserves, and political stability.PKR has decreased significantly in the past ten years against strong currencies, from 105 PKR to USD in 2012 to 226 PKR per USD in 2022, reflecting economic downturn. Stability of the value of Canadian Dollar at 201.55 Pakistani Rupee is a relief from insecurity of a volatile world economy. Even though the process of valuation is a delicate mix of supply-demand dynamics, central bank measures, and global sentiments, the impact is realized in remittances, trade, and inflation management. Though currencies navigate shocks from abroad such as American tariffs and domestic economic scenarios, companies and policymakers will be quite interested in forex news to promote economic stability. DOLLAR RATE TODAY IN PAKISTAN- LIVE

RAWALPINDI: Chief of Army Staff Field Marshal Asim Munir on Thursday reiterated Pakistan’s unwavering stance on Kashmir, saying that the country will never compromise on the issue.Chief of Army Staff, Field Marshal Syed Asim Munir interacted with participants of ‘Hilal Talks’ at the Army Auditorium, the Inter-Services Public Relations (ISPR) said.Addressing vice-chancellors, principals, and teachers from various universities in Rawalpindi, Syed Asim Munir said that India must understand that Pakistan will never abandon Kashmir. “No deal on Kashmir is possible, and we will never forget it.”The field marshal said that India has failed to suppress the Kashmir issue despite decades of efforts, asserting that it remains a global concern.“Kashmir is an international issue, and India’s attempts to silence it have been unsuccessful,” he added.https://www.youtube.com/watch?v=7PXnHIl7TFcSyed Asim Munir attributed India’s internal challenges, including rising terrorism, to its own policies, the increasing oppression of minorities particularly Muslims. “Terrorism in India is fueled by prejudice and injustice against minorities,” he said.Commenting on the situation in Balochistan, the field marshal said that the unrest is driven by external forces linked to India, not the Baloch people.Read More: Asim Munir conferred with field marshal baton“The terrorists in Balochistan are India’s proxies, not connected to the Baloch community operate under the rule of law. We will negate any narrative that seeks to weaken the state,” he said.The field marshal e also addressed water issue, describing it as Pakistan’s red line. He said that Pakistan will not allow India’s monopoly over water resources to compromise the rights of 240 million Pakistanis.Praising the role of educators, Syed Asim Munir called teachers Pakistan’s greatest asset. “It is the responsibility of teachers to pass down Pakistan’s story to the next generation,” he urged.The COAS acknowledged the challenges being faced by higher education including in the field of research, and reiterated Army’s commitment in supporting Government’s initiatives to improve academic environment and promote innovative research.“In the battle for truth, Allah has supported Pakistan in every way. The nation’s unity is an iron wall that no force can break.”The ISPR added, "As an acknowledgment of the critical role that academia plays in national progress, through innovation, research and in influencing perceptions, the forum brought together around 1800 members of the academic community, comprising Vice Chancellors, Heads of Departments, senior faculty members, principals and students from institutions across Pakistan; majority of whom participated in the Talks through virtual mediums."

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed K-Electric (KE)to adopt different measures immediately to improve operational performance and avoid load-shedding in Karachi, ARY News reported. In the month of May 2025, during scorching weather and heatstroke, Karachi residents have been experiencing K-Electric load-shedding, and the outages last up to 12 hours in some areas.In reply to rising complaints, the NEPRA has directed K-Electric to enhance its operational competence and reduce power outages.The regulatory company has highlighted that K-Electric's load-shedding is hurting businesses and daily life in Karachi, which is the largest city of the country and also known as an industrial hub.NEPRA has also directed KE to improve the standards of recovery and minimise losses to ensure a continuous power supply.Additionally, Penalties have been imposed on KE and other companies by NEPRA for baseless load-shedding.Recent reports specify that KE is generating costly electricity from its sources, depending increasingly on the National Transmission and Dispatch Company (NTDC) system.The regulatory company has criticised KE for not providing inexpensive electricity to customers and warned that it won't be tolerable in the ongoing disorganisation.NEPRA has also ordered K-Electric to submit a report within seven days, providing the details of the actions taken to decrease load-shedding.Read More: Govt to file review plea in Nepra over K-E’s tariff decision: LeghariMinister for Energy Awais Ahmad Leghari has said that the government is filing a review petition in NEPRA’s recent verdict K-Electric’s tariff.“A review petition has been under preparation,” talking to media persons, energy minister said on Thursday.“We are working to avoid adverse effect on the government and consumers,” minister said. “We will go to the National Electric Power Regulatory Authority (NEPRA) to get appropriate power price for consumers,” Leghari said.“Hopefully the NEPRA will will give decisions for the benefit of the country and the consumers,” he said.

RAWALPINDI: Pakistan security forces killed five khwarij belonging to Indian Proxy in three intelligence-based operations in Balochistan, Inter-Services Public Relations (ISPR) said on Thursday.“An intelligence based operation was conducted in Loralai District, on reported presence of Fitna al Hindustan terrorists. During the conduct of operation, own troops effectively engaged the terrorists’ location and after an intense fire exchange, four Indian sponsored terrorists were successfully neutralized,” the military’s media wing saidIt added that weapons, ammunition and explosives were also recovered from them.According to the ISPR, the killed Indian sponsored terrorists were actively involved in numerous terrorist activities, including henious acts of terrorism on N-70 near Rarasham on 26th August 2024 and 18th February 2025, that resulted in martyrdom of 30 innocent civilians.The killed Indian sponsored terrorists were highly wanted by Law Enforcement Agencies, and were relentlessly pursued by the security forces.In another engagement that took place in Kech District, one more terrorist was killed.“Security forces of Pakistan are determined to eliminate the menace Indian sponsored terrorism from the country, and reaffirm the nation’s unwavering resolve to bring the perpetrators of terrorism and their facilitators to justice,” the ISPR added

Adviser to Finance Minister Khurram Shehzad confirmed that that the federal budget for the fiscal year 2025-26 will be presented on June 10, 2025.In a statement shared on X, Khurram Shehzad said that the Pakistan Economic Survey 2024-25, which provides a detailed overview of the country’s economic performance for the outgoing fiscal year, will be released a day earlier on June 9, 2025.“As communicated earlier, the upcoming Federal Budget FY26 is on schedule to be announced on June 10, 2025. Similarly, the upcoming Pakistan Economic Survey FY25 is scheduled to be announced on June 9, 2025,” the adviser to finance minister posted on X.The announcement rebuked the speculations of the delay in budget presentation with due consultations with the International Monetary Fund (IMF) and the upcoming Eid ul Adha holidays.The federal budget for the fiscal year 2025-26 will be presented by Finance Minister Muhammad Aurangzeb.Meanwhile, a meeting of the National Economic Council (NEC) has been summoned on June 9, 2025 as confirmed by sources from the Ministry of Finance.Read More: Budget 2025-26: National Economic Council to meet on June 9According to sources, Finance Minister Muhammad Aurangzeb will brief Prime Minister Shehbaz Sharif and other members on the budget 2025-26 during the meeting.The National Economic Council, a competent authority to approve the budget, will greenlight the budget for the upcoming financial period before being presented in the National Assembly.The National Economic Council is also expected to endorse partnerships under public-private initiatives and finalise the five-year planning framework, according to ministry sources. Targets for GDP growth, agricultural growth, and industrial expansion will be established during the meeting.

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif on Thursday inaugurated Pakistan’s first centre of excellence for early childhood education named after Nawaz Sharif.‘The Nawaz Sharif Center of Excellence for Early Childhood Education’ (NSCoE) outfitted with vibrant classrooms, modern teaching methods, a gymnasium, a swimming pool, and an art and drawing centre, aims to provide free, high-quality education to young children, rivaling top private institutions.Chief Minister Maryam Nawaz rang the preschool bell for the official launch of ‘state-of-the-art’ Nawaz Sharif Center of Excellence for Early Childhood Education.Among the first to enroll was Muhammad Yusuf, the young son of Provincial Education Minister Rana Sikandar Hayat, who became the first provincial minister to admit his child to a government-run school.The chief minister personally toured the facility, inspecting every classroom, the art and drawing centre, the gymnasium, and the swimming pool. She issued strict instructions to trainers to ensure the children’s safety in these areas. She also reviewed the washrooms, emphasizing the importance of maintaining cleanliness.Maryam Nawaz distributed gifts, sat on the classroom carpet with the students, and even sang a traffic signal song with them. Parents praised her initiative, with one noting.She said said that there was no institution like the Early Childhood Education Centre in Pakistan, where young children receive free education.

Kuwait City/Karachi – May 27, 2025 – The Kuwaiti Dinar (KWD) exchange rate versus the Pakistani Rupee (PKR) has been steady, quoting at 913.99 PKR, according to open market sources.This minor variation in the exchange rate has encouraged debate among traders and analysts regarding the potential drivers of its valuation and the potential effect on trade and remittances between the two countries. One Kuwaiti Dinar is equal to 913.99 Pakistani Rupees. Understanding the KWD-PKR Exchange RateThe market rate for the KWD against the PKR is a function of both economic and market factors. The Kuwaiti Dinar, which is one of the strongest currencies in the world, is fixed against a basket of currencies and not allowed to float, giving it a level of stability. This peg is maintained by the Central Bank of Kuwait to provide a stable value for the currency against major world currencies.Conversely, the Pakistani Rupee is managed floating, where its value is determined by demand and supply in the foreign exchange market, with occasional intervention by the State Bank of Pakistan to control volatility. Trade balances, foreign exchange reserves, inflation rates, and interest rate differentials between Pakistan and Kuwait influence the KWD-PKR exchange rate significantly.The slight fall of the Kuwaiti Dinar to 913.99 PKR from 916 observed yesterday indicates marginal changes in market sentiments, which may be due to alterations in Pakistan's foreign exchange reserves or variations in Pakistani demand for the dinar. Traders have observed that minor deviations like this are inevitable and tend to consolidate fast considering Kuwait's strong economic fundamentals.Implications for Trade and RemittancesThe minimal depreciation of the KWD in relation to the PKR affects the economy of transactions between Kuwait and Pakistan. Kuwait has a large number of Pakistani expatriates, and remittances are a backbone of Pakistan's economy. A weaker KWD implies that Pakistani laborers in Kuwait may experience a small decline in the worth of their remittances when exchanged into PKR. For example, a 100 KWD remittance per month, which was previously valued at 91,600 PKR, currently stands at 91,399 PKR—a small difference that might add up over time for families dependent on such transfers.As far as bilateral trade is concerned, the effect is expected to be negligible because of the minor nature of the decline. Pakistan receives exports from Kuwait in the form of oil products, and exports textiles, agro-products, and labor services to Kuwait. A stable exchange rate guarantees a predictable cost of trade, and experts believe that the prevailing rate of 913.99 PKR is not expected to cause any considerable perturbation in established trends of trade.Summary of KWD and PKRThe Kuwaiti Dinar (KWD) is the official currency of Kuwait, which was adopted in 1961 as a replacement for the Gulf Rupee. Renowned for its premium value, the KWD is supported by the sizeable oil reserves and stable economic policies of Kuwait and ranks among the world's most esteemed currencies.The Pakistani Rupee (PKR), created in 1948, is the official currency of Pakistan. Its exchange rate is determined by the country's economic performance, foreign reserves, and international market conditions. In spite of constant fluctuations, the PKR remains an important medium of Pakistan's economy, backed by remittances and exports.When the KWD-PKR exchange rate stabilizes, market players will observe the economies of the two countries to predict future trends.

Karachi, 29 May 2025 – According to the most recent currency market data, the open market exchange rate of the UAE Dirham (AED) is 76.44 PKR against the Pakistani Rupee (PKR).This stability is a result of a time of peace for the exchange of AED and PKR, supported by consistent remittances and solid economic conditions in Pakistan and the UAE.Understanding the AED-PKR Exchange RateThe UAE Dirham-Pakistani Rupee exchange rate is influenced by market forces and intervention by central banks. The Dirham has been fixed against the US Dollar at about 3.67 AED/USD since the UAE Central Bank established this framework in 1997. The fixed exchange rate serves to uphold the Dirham's relationship with the US Dollar, supported by the UAE's oil-based economy and attempts to expand into other industries.It is, on the other hand, the value of the PKR that is managed under a floating exchange rate regime. Our analysis indicates that it is primarily guided by the demand and supply for foreign exchange. The State Bank of Pakistan occasionally intervenes to soften volatility. Remittances, foreign reserves, trade balance, and inflation—especially the $3.1 billion remitted by the UAE in February 2025—are also factors behind the PKR valuation.The AED to PKR daily conversion rate is calculated by the interbank and open market exchange rates. Banks and exchange companies quote a buy rate of 76.67 PKR and a sell rate of approximately 77.25 PKR, along with nominal additional commission for sellers. This data is revised daily at 8:00 AM Pakistan Standard Time and can change through the day based on the fluctuations in the market.Impact of StabilityThe UAE Dirham's fixed exchange rate of 76.44 PKR has significant implications for Pakistan and more than two million Pakistani workers in the UAE. The fixed rate gives them security when remitting back home, to the advantage of family businesses in Pakistan. The fixed rate also favors trading companies with activities of importing and exporting commodities such as foodstuffs, clothing, and building materials between Pakistan and the UAE by eliminating currency-related risks.For Pakistan's economy, a stable exchange rate of AED and PKR enables effective remittances, which are key to maintaining foreign exchange reserves. Experts opine that this stability is due to good trade practices, strong reserves, and no speculative pressure. The UAE is an important economic ally for Pakistan where remittances help stabilize the PKR. Yet, the managed float system of the PKR subjects it to domestic factors like inflation and trade deficits. Currency experts caution that, though the AED-PKR exchange rate is currently stable, players in the market need to be vigilant for potential volatility due to foreign oil price developments and geopolitical tensions that may affect the US Dollar value and, therefore, the Dirham.Summary of AED and PKRThe UAE Dirham, which was launched in 1973 to take over from the Qatar and Dubai Riyal as the UAE's national currency, is issued and regulated by the UAE Central Bank and is broken down into 100 fils. Abbreviated as AED, its peg against the US Dollar is underpinned by the oil resources of the UAE, sound fiscal policies, and its position as a world trade hub. Dirham is a widely accepted currency across all seven emirates, especially in big cities such as Dubai and Abu Dhabi, and tourist destinations.The Pakistani Rupee came into circulation in 1947 and is the official currency of Pakistan, divided into 100 paise, represented by "₨" or "Rs." It is managed by the State Bank of Pakistan and has a controlled floating exchange rate regime. It changes according to various parameters like inflation, trade deficits, and reserves availability. Currency Rates in Pakistan Today

KARACHI: Jamaat-e-Islami (JI) Karachi chief, Munim Zafar Khan, has rejected the National Electric Power Regulatory Authority’s (NEPRA) recent decision to increase K-Electric’s tariff, describing it as “anti-Karachi,” ARY News reported on Thursday.In a letter addressed to the NEPRA chairman, Munim Zafar Khan condemned the move to pass K-Electric’s recovery losses onto consumers, calling the decision “unjust and unacceptable.”“It is outrageous to burden honest consumers with the losses caused by K-Electric’s inefficiencies,” he wrote. “We categorically reject this anti-Karachi decision.”Munim Zafar also accused NEPRA of a double standard, noting that while the average electricity rate in the rest of the country is around Rs35 per unit, Karachi residents are paying up to Rs40 per unit. “This discriminatory pricing reflects NEPRA’s clear bias against the people of Karachi,” he stated.He further criticized K-Electric for failing to provide uninterrupted power supply and blamed NEPRA for not fulfilling its constitutional duty to safeguard the rights of Karachi’s consumers.Highlighting the ongoing issue of severe power outages amid intense heat, the JI Karachi chief condemned both NEPRA and the federal government for what he called their “criminal silence” on the issue.Read More: Govt to file review plea in Nepra over K-E’s tariff decision: LeghariMinister for Energy Awais Ahmad Leghari has said that the government is filing a review petition in NEPRA’s recent verdict K-Electric’s tariff.“A review petition has been under preparation,” talking to media persons, energy minister said on Thursday.“We are working to avoid adverse effect on the government and consumers,” minister said. “We will go to the National Electric Power Regulatory Authority (NEPRA) to get appropriate power price for consumers,” Leghari said.“Hopefully the NEPRA will will give decisions for the benefit of the country and the consumers,” he said.Energy minister said that the net-metering policy has been reviewed again. “The stakeholders have been consulted over the policy,” he said. “If the policy is approved it will come into force within one month,” minister said.Minister said that a new tariff policy is expected to be announced soon by the prime minister to make industries more competitive.

ZHOB: An earthquake with a magnitude of 4.4 jolted Zhob and its adjoining areas in Balochistan province on Thursday, ARY News reported.According to the seismological center, the epicenter of the earthquake was in south-east of from Zhob and the tremors were recorded at a depth of 40 kilometres.People came out of their houses in fear by reciting Kalma-e-Tayyaba. However, no loss of life or damage to property was reported from any part of Khuzdar so far.On May 18, moderate earthquake tremors measuring 4.7 on the Richter scale, jolted Swat and adjoining areas.The authorities said that there was no immediate report of damage in the quake.According to the National Seismological Centre, the tremors were recorded at a depth of 205 kilometres, with the epicenter located in the Hindukush Mountain range, a seismically active zone stretching across Afghanistan and northern areas of Pakistan.Read more: Magnitude 4.2 earthquake jolts Balochistan’s ZhobThe tremors were felt in several parts of Swat region including Mingora and outskirts.Earlier, an earthquake measuring 4.9 on the Richter scale jolted Baluchistan’s capital city Quetta on May 12.According to the National Seismic Monitoring Centre (NSMC), the earthquake tremors of 4.9 magnitude were felt in Quetta and adjoining areas. The NSMC said the epicenter of the quake was located in the west of Quetta.

KARACHI: Enraged residents took to the streets on Thursday to protest against prolonged and unannounced electricity loadshedding in Liaquatabad's A-Area near Sindhi Hotel, ARY News reported.Demonstrators set tires on fire and blocked roads, causing a severe traffic jam and long queues of vehicles in the area.Residents said that the power had been cut without prior notice since 6 PM - the previous evening, a situation they claimed has become a daily occurrence."We only get electricity for two hours, after six hours of loadshedding," said one protester. The demonstration lasted for several hours before the protestors eventually dispersed.A separate protest erupted at Malir 15 on the National Highway over continued power outages. Demonstrators blocked both tracks leading to and from Quaidabad, resulting in heavy traffic congestion and long vehicle queues.Read More: Court expresses dismay over Karachi’s unannounced loadsheddingMeanwhile, Sindh High Court (SHC) on Thursday expressed dismay over K-Electric’s unannounced load-shedding in Karachi, ARY News reported.As per details, the court directed K-electric to submit a detailed report on the issue during a hearing on May 29, 2025.https://www.youtube.com/watch?v=U7wvnxrSfO8The court’s remarks came in response to a petition filed by a citizen highlighting prolonged power loadshedding in the metropolis.Justice Agha Faisal directed K-Electric to take necessary actions but emphasized the need for a comprehensive report explaining the unannounced power outages.The petitioner argued that despite timely payment of electricity bills and no reported line losses in their area, residents were subjected to extended load-shedding.They further noted that there were no defaulters in the area, yet power cuts persisted, causing inconvenience the consumers. K-Electric assured the court that the petitioner’s issue would be resolved within a few days.

ISLAMABAD: The National Assembly's standing committee on finance in a session on Thursday decided to get briefings from the Pakistan Crypto Council (PCC) and the energy ministry.The committee was deliberating over the government's allocation of 2000 MW electricity for Bitcoin Mining and Artificial Intelligence Data Centers.Shahida Begum MNA remarked that the country's youth could not purchase instruments for crypto mining during deliberations of the NA body over crypto mining issue."If the government itself wants to conduct crypto mining or the private sector will do it," Usama Ahmed Mela questioned. "Earlier, Hawala, Hundi were the means, now the money goes out with crypto," PTI member remarked.PPP's Mirza Ikhtiar Baig questioned why the industry not being given to crypto instead of allocation of 2000 megawatts of electricity.State Bank of Pakistan representative on a question said that the central bank's policy has not been changed over the crypto currency."How, the Pakistan Crypto Council (PCC) constituted without the Parliament and the State Bank," chairman committee questioned."The Prime Minister has formed the crypto council with an executive order," secretary finance replied.The NA committee decided to get briefings from the crypto council and from the secretary power over allocation of 2000 MW electricity.According to Finance Division, the ambitious initiative is part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in Foreign Direct Investment, and generate billions of dollars for the government.

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Mubeen Arif announced that Teachers across Pakistan will be eligible for an income tax rebate starting from the next fiscal year, ARY News reported.FBR Chairman made the announcement during a meeting of the National Assembly’s Standing Committee on Finance.Arif noted that the rebate, which had been overlooked previously, was later approved by the federal cabinet and will be incorporated into the Finance Bill for the upcoming fiscal year to provide relief to educators.A representative from the Ministry of Law clarified that the proposed bill aims to grant income tax relief specifically for teachers.During the meeting, discussions also touched on the windfall tax, which Arif explained is imposed on entities like banks earning extraordinary profits but has not been applied to other companies.Read more: FBR ‘requests’ IMF to reduce tax collection target for FY2025-26Addressing a separate concern raised by committee member Mirza Ikhtiar Baig about a Karachi business withdrawing PKR 100 million from a bank without notice, Arif stated he was unaware of the case but could respond after reviewing both sides of the matter.In a separate development earlier sources revealed that the Salaried class of Pakistan likely to get relief in income tax in the FY2025- 26 budget.As per details, the final phase of budget negotiations between Pakistan and the International Monetary Fund (IMF) is underway.Prime Minister Shehbaz Sharif earlier directed that relief measures be introduced for salaried individuals. According to a briefing given to the prime minister, the government collected more tax than anticipated from the salaried segment during the current fiscal year.Sources indicated that income tax relief of 2.5% could be provided across all income slabs for salaried employees. Additionally, similar tax rate reductions are being considered for the corporate sector, while the Prime Minister has also instructed a 0.5% reduction in the super tax.

HONG KONG: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Thursday arrived here for the signing ceremony of the International Organization for Mediation (IOMed).Deputy Secretary for Justice for Hong Kong, Dr Cheung Kwok-kwan, Ambassador of Pakistan to China Khalil Hashmi, and Consul General of Pakistan to Hong Kong Riaz Ahmed Sheikh received the deputy prime minister at the airport in Hong Kong, Special Administrative Region of China.During the two-day visit, DPM Dar will also hold several bilateral engagements on the sidelines of the signing ceremony.Pakistan has joined the IOMed as one of its founding members. Pakistan remains strongly supportive of the aims and objectives of IOMed, recognizing its potential for mediation as well as peaceful and pacific settlement of international disputes.Read More: PM Shehbaz leaves for Tajikistan after concluding Azerbaijan visitMeanwhile, Prime Minister Shehbaz Sharif has departed for Tajikistan, after concluding three-day visit to Azerbaijan.At Lachin International Airport, Prime Minister Shehbaz Sharif was bid farewell by Deputy Foreign Minister of Azerbaijan Elnur Mammadov, Pakistan’s Ambassador to Azerbaijan Qasim Mohiuddin and other diplomatic staff.In Dushanbe, the prime minister will participate in the International Conference on Glacier Prevention.Talking to the media at Lachin International Airport before leaving for Tajikistan, Prime Minister Shehbaz Sharif said President of Azerbaijan Ilham Aliyev has reiterated his commitment to invest two billion dollars in Pakistan.He said Pakistan is ready for this investment for mutual benefit.PM Shehbaz Sharif said that Azerbaijan is a brotherly country. He said both the countries are going to have more cooperation in different areas including commerce, defense, education and health.

Over 81,000 Pakistani Hajj 2025 pilgrims sponsored under the government scheme have reached Saudi Arabia, ARY News reported on Thursday, quoting the Ministry of Religious Affairs.According to the spokesperson of the Ministry of Religious Affairs, a total of 81,950 government-sponsored pilgrims have arrived in Saudi Arabia through 319 Hajj flights so far.Hajj 2025 flight operations from Pakistan will continue until May 31, while the arrival of pilgrims residing in Madinah to Makkah will also proceed until the same date.Preparations for pilgrims' accommodation in Mina and Arafat have entered the final phase.The Ministry further stated that a comprehensive operational strategy has been developed in coordination with relevant Hajj establishments (Maktabs) to manage pilgrims’ movement during the days of Hajj 2025.In light of extreme weather conditions, Saudi authorities have issued special guidelines to ensure the safety and well-being of all pilgrims.Read more: 14 individuals arrested for assisting illegal Hajj pilgrims to MakkahEarlier, the Saudi Ministry of Interior announced a series of stringent penalties targeting individuals who attempt to perform Hajj 2025 without the required permit, as well as those who facilitate such violations.The measures enforced from the first of Dhul-Qi’dah will remain intact until the 14th of Dhul-Hijjah.Under the new regulations, individuals caught performing or attempting to perform Hajj without a valid permit would face fines of up to SAR 20,000.This penalty also applies to holders of all types of visit visas who enter or stay in Makkah or the holy sites during the restricted period without proper authorization.

LARKANA: "Law and order situation has become worst, as Shikarpur to Kandhkot area has been under the rule of bandits, while influential people providing shelter to dacoits in Sindh, and supplying them arms but police fail to act".Justice Amjad Sehto remarked in Sindh High Court's Larkana bench during hearing of the government school Qambar's teacher Sadaf Haslo's murder case.IG Sindh Ghulam Nabi Memon and additional secretary home department appeared before the court in the case hearing.The court ordered the IG Sindh to issue strict orders to the SSPs for maintenance of law and order."The law and order worsened from Sukkur to Larkana owing to the bandits to the extent that it has become impossible to travel on the highway," the court observed."How many bandits of the katcha area have been eliminated till now, when will an operation against bandits will be launched in the area to restore the law and order," Justice Amjad Ali Sehto asked IG Sindh.The bench questioned about any progress in arrest of the accused in Qambar's school teacher Sadaf Haslo's murder case. "When the accused will be arrested," court asked the police chief."An investigation team, headed by DIG Larkana, has been constituted, we are also getting help from the FIA for arrest of the accused," IG Sindh replied."The head money for arrest of the accused has also been increased from one million to 2.5 million," police chief said.Sadaf Haslo, a teacher at Qambar government primary school, was murdered by her policeman groom in April this year while on her way to home from school.

Karachi/Sydney, May 29, 2025 – The Australian Dollar (AUD) was stable against the Pakistani Rupee (PKR) today, exchanging hands at 180.17 PKR in the open market, according to information on currency exchange platforms.This steady performance reflects a balance of economic forces on both currencies, with participants closely watching global and regional trends.Valuation Mechanism: Supply, Demand, and Economic DriversThe AUD/PKR exchange rate is largely driven by interactions between supply and demand forces in the foreign exchange market. Key drivers of this rate are interest rate differentials, commodity prices, and economic indicators. The economy of Australia, being closely associated with commodity exports like iron ore, benefits from worldwide demand, which supports the value of the AUD. However, recent Chinese trade tensions and weak construction work have brought price uncertainty, which may cap AUD appreciation. Conversely, the PKR is pressured because of Pakistan's low foreign exchange reserves, high inflation, and reliance on IMF support, which can trigger fluctuations. The interest rate policies of the Reserve Bank of Australia (RBA) and the State Bank of Pakistan also have a bearing on the yield gap, impacting investor interest in each currency.Impact on Trade and InvestmentThe stability of the Australian Dollar at 180.17 PKR provides a stable atmosphere for bilateral trade and remittances, especially for the 125,000 Pakistani expatriates settled in Australia. Stable exchange rates facilitate easier transactions for Australian-Pakistani businesses engaged in Australian-Pakistani trade, though modest but increasing. Nonetheless, an RBA rate cut in 2025 could soften the AUD, potentially pushing the AUD/PKR to 181, which would impact Pakistan's cost of Australian imports. A stable AUD against the PKR would encourage Pakistani investors' confidence in cross-border investments, particularly in Australia's commodity-based markets. On the other hand, PKR's past volatility, driven by economic challenges, may pose risks if external forces like tardy IMF loans intensify.Currency Profiles: AUD and PKRThe Australian Dollar (AUD) is Australia's official currency, known for being strong owing to the country's high commodity exports and sound economic policy. Managed by the Reserve Bank of Australia, the AUD is a currency traded internationally and tends to be impacted by changes in commodity prices and interest rate expectations.The Pakistani Rupee (PKR) is Pakistan's legal tender currency, issued by the State Bank of Pakistan and segmented into 100 paise (although paise coins are no longer used). The value of PKR is tied to the economic growth of the country, trade balance, and foreign reserves; persisting problems such as inflation and geopolitical tensions are responsible for its volatility. Currency Rates in Pakistan Today

Karachi/Manama- May 29: Bahraini Dinar (BHD) is trading at 744.79 Pakistani Rupee (PKR) as of now, with a stable exchange rate as per the current market statistics. This stability is the indication of a balance in economic indicators on both currencies and the reasoning behind their valuation as well as the implications for trade and investment.Valuation CriteriaThe foreign exchange rate of the Bahraini Dinar vis-à-vis PKR is influenced by a number of factors such as foreign exchange market supply and demand, economic stability, and monetary policies of Pakistan and Bahrain. The fixed exchange rate of the Bahraini Dinar relative to the U.S. dollar at 0.376 BHD per USD is supported by the strong oil-based economy of Bahrain and stable monetary system controlled by the Central Bank of Bahrain. This peg ensures low volatility against major currencies, indirectly stabilizing its rate against the PKR.Conversely, the Pakistani Rupee has a managed float regime with interventions from the State Bank of Pakistan, inflation levels, and foreign exchange reserves. Pakistan's economy, based on remittances, exports such as textiles, and foreign loans, is more volatile. The recent stability at 744.79 PKR/BHD indicates equilibrium trade flows and investor confidence in the short term, despite Pakistan's economic instability, including inflation and external debt strain.Economic ConsequencesThe fixed exchange rate has far-reaching consequences for the two countries. For Bahrain, a stable BHD-PKR rate is conducive to predictable cost of trade, especially of imports from Pakistan, including produce and textiles. Bahraini investors and Pakistani firms enjoying Bahraini investment benefit from lower currency risk, which creates confidence in international investment.For Pakistan, the fixed rate ensures affordability of Bahraini imports, such as petroleum products and financial services, which are vital to its banking and energy sectors. Remittances from Bahrain-based Pakistani employees, another main source of foreign exchange, are also less sensitive to exchange rate fluctuations, which means there are consistent inflows for Pakistani consumers and the overall economy.Yet, the exchange rate value of the Bahraini Dinar against the PKR reflects the purchasing power difference. One BHD fetches substantial PKR, which can put pressure on Pakistan's import bill and trade balance if the PKR depreciates in the future. On the other hand, it makes Pakistani labor and goods competitive in Bahrain, which can increase exports and remittances.Currency IntroductionThe Bahraini Dinar (BHD), which was first introduced in 1965, is the Kingdom of Bahrain's official currency, replacing the Gulf Rupee. It uses the symbol "BD" or "ب.د" and is further divided into 1,000 fils. High-value BHD is among the world's strongest currencies, supported by Bahrain's oil reserves and prudent economic policies.The Pakistani Rupee (PKR), which was launched in 1948, is the currency of Pakistan, superseding the Indian Rupee. It is symbolized by the "₨" or "Rs" and divided into 100 paisa. PKR's worth is determined by Pakistan's diversified economy, such as agriculture, manufacturing, and services, and also by global commodity prices and IMF assistance.

UNITED NATIONS: Noting that the United Nations General Assembly will hold a Conference in June on the two-State Solution to the Israel-Palestine conflict, Pakistan has urged the UN Security Council not to remain a bystander while Palestinians were being slaughtered, maimed and starved.“The cries from Gaza cannot continue to be met with silence– the world cannot afford another day of inaction,” Ambassador Asim Iftikhar Ahmad, permanent representative of Pakistan to the UN, told the 15-member Council on Wednesday.“History will not absolve us of our responsibility,” he said during a debate in the situation in the Middle East, including the Plestinian question.The Conference in the 193-member Assembly will take place at the UN headquarters in New York from June 17 to 20, to be co-chaired by Saudi Arabia and France.“The sense around the table is clear. The urgent asks are so evident: Ceasefire, release of hostages, humanitarian action and protection of innocent civilians. This is doable,” the Pakistani envoy said in a moving presentation.“We call on all Council members to come together, to act, through a resolution, to promote the objective – in the immediate term, and to help create an environment conducive for the June Conference, and towards a just and lasting settlement for the Palestinian question.”He added, “The time for equivocation is over. There is no justification whatsoever for the human suffering of the Palestinian people. Yes, enough is enough.”“How many more atrocities must be committed before this Council does what is right — morally, legally, and under the UN Charter. Words of concern are no longer enough.“The time to act, time to prevent genocide, is now.”Ambassador Asim said, “We must not allow the Israeli atrocities to be normalized – for that would be an affront to international law and human dignity.He said that the unfolding crisis was a man-made catastrophe driven by Israel’s prolonged blockade, indiscriminate bombardment, and attacks on civilians, noting that over 54,000 Palestinians—mostly women and children—have been killed, and more than 122,000 injured.The Pakistani envoy described the trauma inflicted on Gaza’s population as “beyond measure, beyond imagination.”In this regard, he said over 800 medical facilities have been attacked, with hospitals operating without essential supplies and even targeting of ambulances and medical workers.With at least 57 children already dead from hunger, Ambassador Asim said that starvation is no longer a threat but a grim reality, with humanitarian convoys blocked or attacked.Over 80 percent of homes destroyed, with widespread damage to water, electricity, and communication networks. “This is deliberate,” he said.More than 28,000 women and girls have been killed, and 50,000 women are pregnant, with thousands expected to give birth in unsanitary and unsafe conditions.The Pakistani envoy also highlighted the deteriorating situation in the West Bank, with increasing violence, home demolitions, and restrictions on movement. Additionally, he condemned Israeli officials’ “provocative” visits to Al-Aqsa Mosque, warning of potential regional escalation. He urged the Security Council to take four immediate and decisive steps: Full implementation of Resolution 2735 and cessation of all attacks on civilians; Unhindered access for humanitarian teams and the immediate removal of all restrictions on aid delivery; Condemnation of any attempts to forcibly displace Palestinians from their land, and, The international community must work towards a just and lasting peace based on a two-state solution, with Al-Quds Al-Sharif as the capital of a sovereign Palestinian state. “This is, without question, one of the gravest humanitarian crises of our time,” Ambassador Asim remarked.

KARACHI: The Sindh home ministry has released Standard Operating Procedures (SOPs) for the collection of sacrificial animal hides and related activities for Eid ul Adha 2025, ARY News reported.According to a notification issued on May 29, 2025, the department banned the unauthorized collection of hides, permitting only registered welfare organizations to collect them with prior approval from the deputy commissioner. Unauthorized hide collection will be considered a punishable offense.The notification also imposes a ban on using loudspeakers and banners to announce hide collection, aiming to maintain public order during the festival. The Sindh Interior Department warned that strict action will be taken against those forcibly collecting hides, and any confiscated hides will be handed over to approved organizations.Law enforcement agencies will conduct on-site inspections to ensure compliance, and violations will lead to cases registered under Section 188 of the Pakistan Penal Code.Additionally, the department has suspended all arms licenses in Karachi during the Eid period to enhance security. Permissions for collective sacrificial activities will be granted exclusively by commissioners or deputy commissioners.Also read: Zil Hajj moon not sighted, Eid ul Adha on June 7It is worth mentioning here that the Central Ruet-e-Hilal Committee announced that the Zil Hajj moon was not sighted in Pakistan, and the first day of Eid ul Adha will be observed on June 7, Saturday.The Central Ruet-e-Hilal Committee met in Islamabad for the sighting of the Zil Hajj 1446 Hijri moon. Chairman Maulana Abdul Khabir Azad, addressing a press conference after the meeting, confirmed that no credible testimonies of moon sightings were received from major cities, including Karachi, Lahore, Peshawar, Quetta, and Islamabad.Eid ul Adha, the Festival of Sacrifice, commemorates Prophet Ibrahim’s willingness to sacrifice his son in obedience to God. Preparations for the festival are underway, with cattle markets set up across Pakistan for the purchase of sacrificial animals.Traditionally marked by the slaughter of animals, whose meat is shared with family members and the poor.The faithful slaughter their sacrificial animals in remembrance of the tradition of Prophet Ibrahim, which continues for three days of Eid ul Adha.