ISLAMABAD: Interior Minister Mohsin Naqvi on Friday announced free rides that all public transport in Islamabad would be free of cost for the next 30 days, following directives from Prime Minister Shahbaz Sharif.The minister shared the development on the social media platform X, stating that the initiative would come into effect from tomorrow and would apply to the general public across Islamabad.The move is aimed at providing immediate and broad-based relief amid rising transport expenses for daily commuters. On the directions of the Prime Minister, all public transport in Islamabad will be made free of cost for the general public for the next 30 days, starting tomorrow. The Ministry of Interior will bear the expenditure of Rs. 350 million for this public relief initiative. Thank you…— Mohsin Naqvi (@MohsinnaqviC42) April 3, 2026 According to the Interior Ministry, the government will bear Rs 350 million in expenses to implement the month-long free-transport scheme. Officials said the measure reflects the administration’s commitment to easing the financial burden on citizens while improving accessibility to public mobility services.The government expects the initiative to benefit thousands of commuters each day, particularly students, workers, and low-income households who rely heavily on public transport.Further details on operational adjustments and routes covered under the scheme are expected to be shared in the coming days.Earlier, the Punjab government on Friday announced free public transport for all passengers following a massive increase in petrol prices. The federal government has raised the price of petrol by Rs138 per litre, bringing the new rate to Rs458.40 per litre. Meanwhile, the diesel price has been increased by Rs184 per litre, reaching Rs520.35 per litre. In a statement, Punjab Chief Minister Maryam Nawaz Sharif announced a comprehensive relief package for citizens. Public transport has been made free for passengers across all cities of Punjab. This includes services such as the Orange Line, Metro Bus, Speedo buses, and Green Electric Buses.The government has also decided to provide financial relief to farmers, including a subsidy of Rs100 per litre on diesel.Additionally, registered motorcycle owners will receive a subsidy of Rs100 per litre on up to 20 litres of petrol.The chief minister said that the relief package is part of efforts to implement Prime Minister Shehbaz Sharif’s national savings and austerity program in Punjab.She added that despite the challenging economic situation, providing relief to the public remains the government’s top priority. “We will not leave the people alone in difficult times,” she said, expressing hope that economic conditions will improve soon.Maryam Nawaz also urged citizens to use public transport due to the extraordinary circumstances. She noted that the global economic crisis, worsened by war, has affected many countries, and Pakistan has been particularly impacted due to its reliance on imported oil.Meanwhile, Chief of Jamaat-e-Islami Pakistan, Hafiz Naeem ur Rehman, on Friday strongly condemned the massive increase in petroleum prices, terming it a “petrol bomb” dropped on the public by the government.He also announced the launch of a nationwide protest movement against the hike, urging citizens—especially the youth—to come out and raise their voices for change.

LAHORE: Jamaat-e-Islami (JI) Chief Hafiz Naeem ur Rehman has demanded that the government immediately withdraw the hike in petrol and diesel prices announced on Thursday. He warned that the party would otherwise launch a "wheel-jam" strike and initiate a march toward all Chief Minister houses, ARY News reported.Addressing a mammoth protest rally in Lahore on Friday against the whopping increase in fuel prices, Hafiz Naeem stated that the government’s decision—justified under the guise of the regional situation—is unacceptable.He rejected the move, arguing that the government is burdening the Pakistani masses with a cruel surge in prices instead of decreasing taxes and levies."We are not going to accept such a wild increase," the JI Chief said, adding that the government fails to pass on relief to the masses even when global petroleum prices decrease.He demanded that the government revoke its decision, abolish the Rs 160 per litre levy on petrol and diesel, further reduce taxes, and provide the public with a 50% reduction in petroleum prices. Furthermore, Hafiz Naeem demanded an end to "illegal" agreements with Independent Power Producers (IPPs)."Instead of dropping 'petrol bombs' on the masses, the government should immediately terminate these agreements that involve paying billions of rupees to IPPs," he said.Lambasting the Shehbaz Sharif administration, he remarked: "It is a matter of embarrassment that while the nation is burning in the fire of inflation, the government purchased an Rs 11 billion plane for Chief Minister Maryam Nawaz. Meanwhile, a 37-vehicle protocol was arranged for the Prime Minister’s arrival in Karachi."He concluded with a final warning: if the "cruel decision" to hike fuel prices is not reversed, the JI will proceed with a countrywide wheel-jam strike and a march on provincial capitals.

ISLAMABAD: The government has announced a fresh adjustment in the petrol price, setting it at Rs378 per litre, with the revised rate coming into effect from midnight, ARY News reported.Prime Minister of Pakistan, Shehbaz Sharif, while addressing the nation, confirmed that the petrol price reduction will remain in place for one month as part of a short-term relief measure aimed at easing pressure on the public.In addition to the fuel adjustment, the Prime Minister also announced strict austerity steps, stating that the salaries and privileges of cabinet members will remain suspended for the next six months.The decision comes as part of broader efforts to manage financial pressures and demonstrate fiscal discipline. Petrol Price and Inflation The announcement of the petrol price change is expected to have a direct impact on transport costs and overall inflation, with authorities monitoring the situation closely over the coming weeks.A day earlier, the government announced a massive increase in petrol price and diesel rates, a move likely to trigger a fresh wave of inflation across the country.Minister of State for Finance Ali Pervaiz Malik, flanked by Federal Finance Minister Muhammad Aurangzeb, made the announcement during a press conference.According to the officials, the petrol price had been increased by Rs138 per litre, taking the new rate to Rs458.40 per litre. Meanwhile, diesel price was raised by Rs184 per litre, reaching Rs520.35 per litre.The sharp hike in fuel prices was expected to significantly impact transportation costs and essential commodities, raising concerns over further inflationary pressure on the public.Also Read: Petrol price hike: Govt announces subsidy for motorcyclists, transport Sector

PESHAWAR: The Khyber Pakhtunkhwa (KP) cabinet on Friday approved the establishment of a modern university in the province’s merged districts, ARY News reported.The cabinet meeting was chaired by Chief Minister Sohail Afridi.The session resulted in several key decisions across the education, religious affairs, health, livestock, and administration sectors.In a move to streamline higher education, the Pakistan Tehreek-e-Insaf (PTI) led government decided to create essential support staff vacancies while abolishing unnecessary positions in government colleges.Additionally, the meeting approved new guidelines for the posting and transfer of college faculty members across the province.The cabinet also granted approval for amendments to laws pertaining to Auqaf and religious affairs.Addressing the economic impact of regional instability, the KP government has decided to reduce fuel expenditures for a two-month period.This measure comes in response to the fuel crisis triggered by the ongoing conflict involving Iran.Furthermore, the cabinet approved a 26-month paid internship program for nursing graduates in teaching hospitals. This initiative aims to address the shortage of skilled nursing staff in government healthcare facilities.For the livestock sector, the cabinet approved a framework for the procurement of essential medicines and vaccines.Addressing the cabinet, the KP Chief Minister stated that a consistent and durable policy is inevitable, rather than relying on short-term or temporary measures.Sohail Afridi remarked that the "imposed rulers" are constantly burdening the masses, adding that they lack both the policy and the solutions needed to recover from the current crisis.He noted that increasing imports and decreasing exports are resulting in a widening trade deficit.He further stated that the hike in dollar rates will lead to a surge in inflation, while expensive fuel will drive up electricity costs and increase unemployment.He urged the federal government to immediately present a clear and comprehensive economic policy, adding that the provincial government would soon form its own crisis management strategy.The Chief Minister emphasized that the provincial government would introduce more relief measures shortly to ease the inflationary burden on the public, vowing that the KP government will not allow the people to be crushed by the rising cost of living.

KARACHI: Social activist and lawyer Umme Rubab Chandio has claimed that a plan has been made to assassinate her, raising serious concerns over her safety.In a post shared on her official Facebook account, Umme Rubab Chandio alleged that she had received confirmed information about a plot to have her killed. She further claimed that elements within the Sindh Police may be facilitating those behind the alleged conspiracy.The statement has sparked concern on social media, with supporters calling for immediate protection and a thorough investigation into the claims. However, no official confirmation or response from law enforcement authorities has been issued regarding her allegations at this stage.Umme Rubab Chandio has been vocal in the past on issues related to justice and accountability, and her latest claims have once again drawn attention to security concerns surrounding outspoken public figures in Pakistan.Authorities are yet to respond to the allegations as the situation continues to develop. Umme Rubab Chandio Case On January 17, 2018, armed men attacked a house in Mehar, Sindh and killed Umme Rubab’s father, grandfather and an uncle.Those killed included Raees Karamullah Chandio, then chairman of the Baldia Union Council in Mehar taluka, along with his two sons — Mukhtiar Chandio, a member of the district council, and another son who was associated with the Tumandar Council.According to the family, the attack was allegedly carried out at the behest of Sardar Ahmed Chandio, a tribal chieftain in Mehar, and his younger brother Burhan Chandio, who was serving as an aide to the Sindh chief minister at the time.Umme Rubab Chandio had been pursuing the case of her slain family members on her own, despite reportedly receiving death threats.The case gained nationwide attention in 2021 when a video of a barefoot Umme Rubab walking out of a courtroom went viral on social media.Speaking to ARY News at the time, she accused the Sindh government of protecting those responsible for the killings.Also Read: Umme Rubab Chandio case: All accused acquitted in Mehar triple murder

KARACHI: Transporters across Pakistan have sharply increased freight charges following a steep rise in diesel prices, which industry stakeholders say has made operations financially unviable, ARY News reported.The All Pakistan Goods Transport Owners Association announced a nationwide increase of up to 40 percent in freight rates, citing the Rs184.49 per litre surge in diesel as the primary driver behind the decision.Freight costs on key routes have already been revised. Transporting goods from Karachi to Lahore, which previously cost Rs10,000 per ton, has now risen to Rs14,000 per ton.Similarly, shipments from Punjab to Karachi will now incur an additional Rs1,500 per ton, reflecting the rising cost pressures faced by transporters across Pakistan.Industry representatives say the increase is unavoidable as fuel costs, toll taxes, and overall operational expenses have surged simultaneously. They warn that continued pressure on the sector could further destabilize logistics and supply chains across Pakistan.The association’s leadership, including Owais Chaudhry, described the current situation as unsustainable and called for an immediate rollback in petroleum prices to prevent further escalation in transport and freight costs across Pakistan.The development is expected to ripple through markets nationwide, increasing the cost of goods and adding pressure on consumers, as higher freight charges gradually filter into retail prices across Pakistan.Also Read: Public transport fares increased following sharp hike in petroleum pricesEarlier, Public transporters raised fares following a massive increase in petrol and diesel prices, a move that is likely to trigger a fresh wave of inflation across the country.With the surge in petroleum prices, transport operators in Rawalpindi have significantly increased fares.Taxi, rickshaw, and online bike-hailing services have raised their fares by up to 35%. Similarly, intercity bus fares in other cities have also been increased by 25 to 30 percent without official approval.Transporters stated that the recent increase in petroleum prices is unjustified and that they are unable to reduce fares under the current circumstances.According to officials, the price of petrol has been increased by Rs138 per litre, bringing the new rate to Rs458.40 per litre. Meanwhile, diesel prices have risen by Rs184 per litre, reaching Rs520.35 per litre.

ISLAMABAD: The government of Pakistan has announced a halt to planned toll tax increases on national highways.The decision was taken during a high-level meeting of the National Highway Authority Pakistan (NHA), chaired by Communications Minister Abdul Aleem Khan.Acting on the special directives of Prime Minister Shehbaz Sharif, the Minister used the session to officially rescind the 25 percent quarterly increase in toll taxes, freezing all adjustments for the 2025-26 fiscal year. Read Also: M-10 Motorway project may be completed within a two-year: Aleem Khan Federal Minister for Communications of Pakistan, Abdul Aleem Khan, has described the Karachi Port–Hyderabad M-10 Motorway as a vital lifeline for Pakistan’s economy.Chairing a high-level meeting of the National Highway Authority (NHA), Abdul Aleem Khan said the project is essential for strengthening connectivity through the port and will play a crucial role in reducing the congestion caused by heavy vehicles and containers entering the main city.The Minister detailed that the M-10 will be an expansive 8-lane project, and he directed the NHA to engage international consultants to ensure the highest standards of construction and design.Describing the project as the future of the nation, he stressed that all available resources must be utilized most efficiently and transparently as possible to achieve the best results for the public.To ensure the project is built on a solid technical foundation, He also ordered NHA engineers to begin feasibility studies and preparatory work immediately.Additionally, he envisioned a modern travel experience by instructing that rest areas and shopping facilities be developed every 10 kilometers along the motorway to serve commuters and stimulate local trade.During the session, the Minister expressed confidence that if resources are allocated on time and managed properly, this significant project could be completed within a two-year timeframe.He further clarified that the NHA is committed to pursuing projects that are financially viable and sustainable, dismissing the perception that the authority is a defaulter as a misleading narrative that does not reflect its true financial status.The meeting also highlighted international support for Pakistan’s infrastructure, as the Minister was informed that on March 25, 2026, the OPEC Fund for International Development approved a 230 million dollar three-tranche loan.This funding is dedicated to the development of Section 3 of the Hyderabad-Sukkur Motorway, further advancing the country’s goal of a fully integrated motorway network.

ISLAMABAD/LAHORE/PESHAWAR/MUZAFFARABAD: Earthquake tremors measuring 6.2 on the Richter scale jolted several cities across Punjab, Khyber Pakhtunkhwa, and Azad Jammu and Kashmir (AJK), as well as the federal capital, Islamabad, ARY News reported.The Pakistan Meteorological Department’s National Seismic Monitoring Centre (NSMC) said that the earthquake was recorded at 9:13 pm PST, As per the NSMC, the tremors had a depth of 190 km, while the epicenter was located in the Hindu Kush region of Afghanistan. The earthquake was also felt in Gilgit Baltistan. Punjab The earthquake jolted Islamabad, Rawalpindi, Murree, and the surrounding areas. Additionally, tremors were felt in Lahore, Sialkot, Chiniot, Phalia, Gujrat, Faisalabad, Okara, Tandlianwala, Jalal Pur Bhattian, and D.I. Khan. Tremors were felt in Jhelum, Gojra, Mandi Bahauddin, Sahiwal, and Pasrur, while the earthquake also jolted Bhimber (AJK), Neelum, and surrounding areas. Khyber Pakhtunkhwa Khyber Pakhtunkhwa residents in Peshawar, Nowshera, Swat, Shangla, Lower Dir, Upper Dir, Kohat, Malakand, Mardan, Hangu, Abbottabad, Mansehra, Upper Hazara, Buner, Banno, Bajaur, Tank, and Charsadda reported tremors.Gilgit BaltistanGilgit Baltistan also felt the quake in Gilgit, Skardu, and Diamer, while in Azad Jammu and Kashmir (AJK), the tremors were reported in Muzaffarabad, Bhimber, Neelum Valley, Samahni, and Hattian Bala —including Channari, Chikothi, Gujjar Bandi, and Lipa.  Panicked by the tremors, people fled their homes and rushed into the streets while reciting the Kalma Tayyaba. Fortunately, no significant damage or casualties have been reported so far.

Federal Minister for Communications of Pakistan, Abdul Aleem Khan, has described the Karachi Port–Hyderabad M-10 Motorway as a vital lifeline for Pakistan’s economy.Chairing a high-level meeting of the National Highway Authority (NHA), Abdul Aleem Khan said the project is essential for strengthening connectivity through the port and will play a crucial role in reducing the congestion caused by heavy vehicles and containers entering the main city.The Minister detailed that the M-10 will be an expansive 8-lane project, and he directed the NHA to engage international consultants to ensure the highest standards of construction and design.Describing the project as the future of the nation, he stressed that all available resources must be utilized most efficiently and transparently as possible to achieve the best results for the public.To ensure the project is built on a solid technical foundation, He also ordered NHA engineers to begin feasibility studies and preparatory work immediately.Additionally, he envisioned a modern travel experience by instructing that rest areas and shopping facilities be developed every 10 kilometers along the motorway to serve commuters and stimulate local trade.During the session, the Minister expressed confidence that if resources are allocated on time and managed properly, this significant project could be completed within a two-year timeframe.He further clarified that the NHA is committed to pursuing projects that are financially viable and sustainable, dismissing the perception that the authority is a defaulter as a misleading narrative that does not reflect its true financial status.The meeting also highlighted international support for Pakistan’s infrastructure, as the Minister was informed that on March 25, 2026, the OPEC Fund for International Development approved a 230 million dollar three-tranche loan.This funding is dedicated to the development of Section 3 of the Hyderabad-Sukkur Motorway, further advancing the country’s goal of a fully integrated motorway network.

Searching for the current copper price in Pakistan today or the 1 kg tamba rate on April 3, 2026? High-quality Millberry scrap copper is trading at approximately Rs. 5,500 per kg in major markets like Karachi, Lahore, Islamabad, and Gujranwala. Refined new copper continues to command a premium, typically ranging from Rs. 5,800 to Rs. 6,200+ per kg depending on purity, supplier, and location. Globally, copper prices have seen some recent softness, with the benchmark falling to around $5.56 per pound (roughly $12,250 per tonne on LME) after a 1.08% daily decline and a 3.65% drop over the past month. Despite the short-term pullback, prices remain about 15.82% higher year-on-year, reflecting ongoing volatility in the commodity markets.Copper Rates in Pakistan – April 3, 2026 High-quality Millberry scrap copper — the most actively traded grade — is holding steady at Rs. 5,500 per kg. Refined new copper, which offers higher purity for industrial use, trades at a clear premium and is generally quoted between Rs. 5,800 and Rs. 6,200+ per kg, with rates often slightly elevated in industrial hubs like Karachi and Lahore. Standard or mixed copper scrap shows wide variation, typically falling in the range of Rs. 2,100 to Rs. 3,500 per kg depending on quality and region. Local prices continue to carry a premium due to import duties, logistics costs, taxes, steady domestic demand from electrical and construction sectors, and the prevailing USD/PKR exchange rate around 279–280.International Copper Prices – Global Update- April 3, 2026 The international benchmark price is currently around $5.56 per pound, reflecting a modest daily decline of about 1.08%. Over the past month, copper has fallen roughly 3.65%, though it remains up approximately 15.82% compared to the same period last year. The 3-month LME copper contract is trading near $12,359 per tonne. Using an approximate exchange rate of 280 PKR per USD, the international base price converts to roughly Rs. 3,420 – 3,480 per kg before any import-related costs or local markups. Analysts expect copper to trade around $5.83 per pound by the end of this quarter and $6.22 in 12 months, supported by long-term fundamentals despite near-term corrections.Why Copper Prices Matter in 2026 Copper, often called “Dr. Copper,” acts as a real-time indicator of global industrial and economic health. Rising or stable prices typically signal robust manufacturing, infrastructure investment, and growth in green energy sectors. The current mild correction follows earlier volatility, but powerful long-term drivers — such as supply constraints and surging demand from electric vehicles, renewable energy, battery storage, data centers, and power grid modernization — continue to support the metal’s outlook. In Pakistan, copper price changes directly influence costs for electrical wiring and cables, construction project budgets, solar and renewable installations, and profitability in scrap recycling. The metal’s pivotal role in the global energy transition ensures strong sustained demand ahead.Key Uses Driving Copper Demand Copper’s exceptional electrical conductivity, corrosion resistance, and recyclability make it indispensable across industries. It forms the backbone of electrical wiring, power cables, motors, and transformers in homes, offices, factories, and grids. The electric vehicle sector drives massive new demand — a typical EV uses far more copper than a conventional vehicle, primarily in motors, batteries, and charging systems. Renewable energy projects rely heavily on copper for solar panel connections, wind turbine generators, and energy storage. Construction uses it for durable plumbing pipes, roofing, and antimicrobial fittings. Electronics, 5G networks, and AI data centers boost consumption through high-speed cabling and circuit boards. Around 80% of all copper ever mined remains in use today due to excellent recycling, helping maintain long-term supply stability as demand grows.

ISLAMABAD: Pakistan has decided to return a $2 billion loan to the United Arab Emirates (UAE) by the end of the current month, ARY News reported, quoting sources familiar with the matter.The amount, previously held in Pakistan’s account as a safe deposit, will be repaid to Abu Dhabi following a request from the Emirati authorities.Officials in the Ministry of Finance of Pakistan confirmed that Pakistan had been paying an interest rate of 6 percent on the deposited amount. The arrangement, initially structured on a rollover basis, had allowed the funds to remain within Pakistan’s reserves for a defined period.Also Read: UAE extends $2 billion loan rollover for PakistanIn recent months, the rollover terms had already begun tightening. The UAE had earlier extended the same $2 billion deposit for shorter durations instead of the usual annual rollover. At one point, the facility was rolled over for one month, followed by a further two-month extension, pushing the repayment deadlines to mid and late April.At the time, Pakistani authorities had sought a longer, more stable arrangement, initially requesting a two-year rollover. Subsequent requests were also made to secure extensions, particularly as Islamabad worked to complete a key economic review under its programme with the International Monetary Fund. Officials believed maintaining these deposits was critical for external financing assurances during the review process.The broader framework also involved support commitments from key partners, including the UAE, Saudi Arabia, and China, which had collectively pledged to maintain around $12.5 billion in deposits with the State Bank of Pakistan until the IMF programme’s conclusion.However, amid shifting global financial conditions, the UAE requested the return of the funds, prompting Islamabad to move toward repayment.While the decision may place some pressure on foreign exchange reserves in the short term, officials maintain that the repayment is being managed as part of broader financial planning to uphold credibility and bilateral ties. 

LAHORE: Punjab Education Minister Rana Sikandar Hyat clarified the Friday holiday policy for schools, stating that "work from home" will be implemented on Fridays instead of a full holiday, ARY News reported.The provincial minister confirmed that all government and private schools, colleges, and universities are permitted to hold online classes on Fridays.He further noted that the standard two-day weekend (Saturday and Sunday) will remain unchanged.Minister Hyat expressed gratitude for the public's patience and cooperation, explaining that digital methods are being adopted to ensure educational activities continue without wasting students' time.Meanwhile, the provincial education department outlined a three-shift schedule for educational institutions:Single Shift Schools: 8:00 am to 1:30 pm.Double Shift Schools: 8:00 am to 12:30 pm.Afternoon Shift Schools: 1:00 pm to 5:30 pm.On the other hand, Khyber Pakhtunkhwa and Islamabad have adopted a four-day working week, declaring three holidays in a week from Friday to Sunday.The KP and Islamabad administrations have announced measures to save fuel expenditure owing to its shortage on the global level due to the Iran War.The Department of Elementary and Secondary Education in Khyber Pakhtunkhwa (KP) has announced a four-day working week. The official notification issued by the KP Education Department confirmed that Friday, Saturday, and Sunday will now be weekly holidays. The new system aims to make the education sector more organized while conserving resources. According to the notification, the four-day schedule takes effect immediately, as of April 1.Government schools in KP will now conduct classes from Monday to Thursday. Sources indicate that daily teaching hours may be slightly extended to ensure the syllabus is completed and to prevent any loss of learning for students.The department has urged all district officers to strictly enforce the new schedule. 

ISLAMABAD: The Supreme Court of Pakistan has indicated it will deliver a “historic” and potentially far-reaching judgment on April 8 in a high-profile case involving a man convicted of murdering his own father, ARY News reported.A three-member bench headed by Justice Hashim Kakar heard the plea of convict Muhammad Safdar, who has sought remission of his sentence on the basis of a reported reconciliation between the parties.The defense counsel informed the court that a formal settlement had been reached and submitted on record, adding that the convict has already served 14 years in prison and should be released.However, Pakistan's apex court bench expressed strong reservations over granting relief in such a grave matter.Justice Kakar remarked that even 24 years of imprisonment would be insufficient punishment for someone who had killed his father.Also Read: Supreme Court bans use of ‘Bakhidmat Janab SHO’ in police complaintsHe emphasized the need for a broader legal framework to address cases of this nature, stating that the court would deliver a ruling “that will shake Pakistan.”Justice Ishtiaq Ibrahim echoed similar concerns, noting that while Islamic legal provisions such as Qisas and Diyat allow for forgiveness by the victim’s family, such mechanisms should not result in a “clean acquittal” in cases involving extreme moral and social gravity, such as patricide.The bench underscored that its forthcoming decision would aim to establish a lasting legal precedent, potentially reshaping how courts in Pakistan handle similar cases in the future.The hearing was adjourned until April 8, when the court is expected to announce what it described as a significant and precedent-setting judgment.

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) leader Dr. Farooq Sattar on Friday rejected the massive increase in petrol prices, warning that it could destabilise the country’s economy and make life increasingly difficult for citizens.The federal government has raised the price of petrol by Rs138 per litre, bringing the new rate to Rs458.40 per litre. Meanwhile, diesel price has been increased by Rs184 per litre, reaching Rs520.35 per litre.In a statement, Dr. Farooq Sattar termed the hike in petroleum prices an “extremely unwise decision” and said it was unacceptable under any circumstances.He warned that such measures would not only destabilise the economy but could also lead to severe social consequences.“People may be pushed towards extreme actions, including suicide, while crime could also increase, and citizens may become alienated from the state and the law,” he said.The MQM-P leader urged the federal government to immediately withdraw the increase in fuel prices and reconsider its decision in the interest of the public.Meanwhile, Jamaat-e-Islami Pakistan chief Hafiz Naeem ur Rehman strongly condemned the sharp increase in petroleum prices, terming it a “petrol bomb” dropped on the public by the government.He also announced the launch of a nationwide protest movement against the hike.In a video statement, Hafiz Naeem urged the government to defer payments to Independent Power Producers (IPPs) and regasification plants, and to reduce its own expenditures instead of placing additional burden on the public.Criticising government spending, he alleged that authorities are unwilling to reduce their own luxuries while imposing financial pressure on the public.Hafiz Naeem questioned why payments to IPPs—amounting to billions under capacity charges—cannot be deferred, claiming that such payments are placing an undue burden on the public.He also highlighted that regasification plants installed at ports are continuing to receive daily payments despite no gas supply, questioning why these payments are not being stopped.

KARACHI: A moving car carrying two women was swallowed by a large sinkhole after a section of road suddenly collapsed on Tariq Road in Karachi, narrowly avoiding a major accident.According to reports, the incident occurred near Cafe Liberty in the busy commercial area. The road caved in abruptly, causing the vehicle—along with the women inside, including the driver—to submerge into several feet of water. Hearing the women’s cries for help, nearby citizens rushed to the scene and immediately alerted police and rescue teams.Rescue officials arrived promptly and safely pulled the women out of the vehicle. Heavy machinery was later called in to retrieve the car, which was eventually removed using a private lifter.Police cordoned off the area with barriers, suspending both vehicular and pedestrian movement to prevent further risk.Authorities confirmed that both women were rescued safely with the assistance of female traffic police officers, and no injuries or loss of life were reported.The incident sparked outrage among local residents, who criticized the performance of civic authorities, including the Karachi Metropolitan Corporation (KMC) and the Karachi Water and Sewerage Corporation (KWSC)Citizens demanded an immediate investigation into the incident and called for accountability over the use of substandard materials in road construction.Rescue sources said that the deteriorating condition of roads poses serious risks to the public. Locals urged the authorities to take immediate notice and carry out urgent repairs.

Karachi, April 3, 2026 – Silver prices in Pakistan have shown steady firmness today, with the chandi ka rate at Rs. 7,479–7,549 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 responsive to global market signals. Current local rates stand at Rs. 6,410–6,470 per 10 grams and Rs. 641–647 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 steadiness aligns with gold’s elevated positioning (local 24K gold around Rs. 500,000–504,000 per tola), highlighting the synchronized dynamics between the two metals amid ongoing market conditions.Key Factors Driving the Silver Price Movement 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 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 3, 2026 Weight Rate (PKR) Notes 1 Gram 641 – 647 Fine/Pure Silver 10 Grams 6,410 – 6,470 Fine/Pure Silver 1 Tola 7,479 – 7,549 Standard Rate Rates are approximate and based on latest Karachi Sarafa/local reports

Dubai / Karachi, April 3, 2026 – The UAE Dirham (AED) has eased to 75.98 Pakistani Rupees in the open market today, showing a slight decline of 0.03 PKR from recent levels. The pair has now touched one of its lowest points in the past four months, continuing the gradual softening trend observed since late 2025.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 75.98 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 75.98 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 = 75.98 PKR Change: −0.03 PKR (−0.04%) 7-day high: 76.50 PKR 30-day average: ~76.30 PKR 2025 high (July): 77.61 PKR 2025 low (Jan): 75.44 PKR 2026 Outlook Most market projections see the AED-PKR pair staying between 75.80 and 77.00 through the first half of 2026, with the central tendency around 76.10–76.60 by Q2. The UAE’s ongoing diversification into technology, renewables, logistics and tourism, combined with Pakistan’s remittance stability and reserve accumulation, is expected to keep volatility moderate.Today’s rate: 1 AED = 75.98 PKR A calm, dependable figure that quietly keeps delivering value to millions of families spanning the UAE and Pakistan.

KARACHI, April 3, 2026: The Saudi Riyal (SAR) weakened further today, closing at Rs74.34 against the Pakistani Rupee (PKR) in the open market — a 8-paisa decline from recent sessions and one of the softest levels recorded since late October 2025, according to leading currency dealers in Karachi. The selling rate settled around Rs74.91. The pair remains firmly confined to the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of remarkably compressed price movement. Today’s level continues to sit significantly below the 2025 mid-year high of Rs76.03 (July peak) and near the softer territory last consistently observed in late October 2025.Remittance lifeline faces growing strain 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 Rs74.34, every 1,000 Riyals sent home equals Rs74,340 — a gradual but persistent decline from earlier 2025 levels. While still providing essential support for school fees, medical treatment, groceries, utility bills and household needs, the ongoing weakness is putting mounting pressure on remittance-reliant families amid persistent inflation.Economic implications of today’s rate A Riyal trading around Rs74.34 generates opposing forces: Remittance-receiving households face a slow but steady erosion 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. Looking ahead The SAR–PKR pair has now spent more than twelve weeks in this unusually tight 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 is expected to stay one of Pakistan’s most dependable economic links. 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 Rs74.34 continues to serve as a quiet but critical pillar for millions of households — though each paisa of erosion is felt more acutely with time. Sources: State Bank of Pakistan, Forex Association of Pakistan, open-market dealer quotes

Karachi, April 03, 2026 – The State Bank of Pakistan (SBP) has published its latest Mark-to-Market (M2M) currency rates for authorized dealers, providing updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR). Here's a comprehensive breakdown of today's key currency rates for traders, importers, exporters, and remittance senders. US Dollar (USD) at PKR 279.10 The US Dollar, Pakistan's most traded foreign currency, is quoted at PKR 279.10 (ready rate) for same-day settlements in today's SBP report. The greenback shows modest forward premiums across tenors, with the 1-year rate projected at PKR 289.80, reflecting measured market expectations of rupee depreciation over the coming months. The USD/PKR rate remains the cornerstone benchmark for international trade, remittance inflows, and foreign debt servicing obligations. British Pound (GBP) Trades at PKR 369.50 Sterling continues to command a significant premium against the rupee, with the British Pound quoted at PKR 369.50 for ready transactions. The GBP/PKR pair shows steady upward momentum in forward markets, reaching PKR 382.04 for 1-year contracts. UK-bound remittances and bilateral trade flows remain sensitive to this rate, particularly for Pakistani expatriates and importers of British goods and services. Kuwaiti Dinar (KWD) Leads at PKR 909.57 The Kuwaiti Dinar remains the highest-valued currency against the PKR in today's report, trading at PKR 909.57 on a ready basis. As a key currency for Pakistani workers in the Gulf Cooperation Council region, the KWD/PKR rate directly impacts remittance inflows from Kuwait. Forward rates indicate gradual appreciation expectations, with the 1-year rate at PKR 951.47, signaling sustained demand for Gulf currencies. Qatari Riyal (QAR) at PKR 76.55 The Qatari Riyal is quoted at PKR 76.55 for same-day settlements. With a significant Pakistani labor presence in Qatar's energy, construction, and services sectors, this rate is closely watched for remittance calculations and cross-border trade. The QAR shows stable forward pricing, with the 12-month rate at PKR 79.45, reflecting contained volatility expectations in the Gulf currency basket. Bahraini Dinar (BHD) Firm at PKR 739.34 The Bahraini Dinar holds strong at PKR 739.34 in ready transactions. As another key Gulf currency for Pakistani expatriates, the BHD/PKR rate influences cross-border money transfers and trade settlements with Bahrain. Forward curves suggest measured appreciation, with the 1-year rate projected at PKR 766.01, aligning with broader regional currency trends. Canadian Dollar (CAD) at PKR 200.48 The Canadian Dollar is trading at PKR 200.48 for ready value. With growing educational, immigration, and business ties between Pakistan and Canada, the CAD/PKR rate is increasingly relevant for students, families, and SMEs engaged in cross-border commerce. Forward rates indicate moderate upward pressure, with the 1-year contract at PKR 210.86. Other Currencies in Focus Beyond the priority currencies, several other major and regional currencies are actively quoted in Pakistan's foreign exchange market today. The Euro (EUR) stands at PKR 322.18, while the Japanese Yen (JPY) is at PKR 1.75. Gulf currencies include the UAE Dirham (AED) at PKR 75.99 and Saudi Riyal (SAR) at PKR 74.35. Asian peers feature the Chinese Yuan (CNY) at PKR 40.58, Malaysian Ringgit (MYR) at PKR 69.26, and Indian Rupee (INR) at PKR 3.01. Other notable rates include the Australian Dollar (AUD) at PKR 192.83, Swiss Franc (CHF) at PKR 349.82, Singapore Dollar (SGD) at PKR 217.12, and Omani Rial (OMR) at PKR 725.03. Currencies with limited forward liquidity, such as the Brazilian Real (BRL), Argentine Peso (ARS), and Turkish Lira (TRY), show ready rates only or truncated forward curves.

ISLAMABAD: Interior Minister Mohsin Naqvi on Friday announced free public transport in Islamabad for all passengers following a massive increase in petrol prices.In a statement on X, Mohsin Naqvi said that, on the directions of Prime Minister Shehbaz Sharif, all public transport in Islamabad will be made free of cost for the general public for the next 30 days, starting tomorrow.The Ministry of Interior will bear the expenditure of Rs350 million for this public relief initiative, he added.The government expects the initiative to benefit thousands of commuters each day, particularly students, workers, and low-income households who rely heavily on public transport.Further details on operational adjustments and routes covered under the scheme are expected to be shared in the coming days.The federal government has raised the price of petrol by Rs138 per litre, bringing the new rate to Rs458.40 per litre. Meanwhile, diesel prices have increased by Rs184 per litre, reaching Rs520.35 per litre.Meanwhile, Jamaat-e-Islami Pakistan chief Hafiz Naeem ur Rehman strongly condemned the sharp increase in petroleum prices, terming it a “petrol bomb” dropped on the public by the government.He also announced the launch of a nationwide protest movement against the hike.In a video statement, Hafiz Naeem urged the government to defer payments to Independent Power Producers (IPPs) and regasification plants, and to reduce its own expenditures instead of placing additional burden on the public.Criticizing government spending, he alleged that authorities are unwilling to reduce their own luxuries while imposing financial pressure on the public.Hafiz Naeem questioned why payments to IPPs—amounting to billions under capacity charges—cannot be deferred, claiming that such payments are placing an undue burden on the public.He also highlighted that regasification plants installed at ports are continuing to receive daily payments despite no gas supply, questioning why these payments are not being stopped.