National

Punjab Governor Sardar Saleem Haider Khan, accompanied by Chinese Consul General Sun Yan, visited the village of Ratwal in Attock district to inaugurate a newly established dispensary built with the support of the Chinese government. The inauguration ceremony marked another milestone in the long-standing friendship and development cooperation between Pakistan and China, particularly in the healthcare sector. The event was attended by local government officials, community leaders, residents, and representatives from both Pakistan and China. The newly inaugurated dispensary is expected to provide essential primary healthcare services to the people of Ratwal and surrounding villages, where access to medical facilities has traditionally been limited. Speaking at the inauguration ceremony, Governor Sardar Saleem Haider Khan said that the establishment of the dispensary would significantly improve access to basic healthcare for local residents. He noted that the project reflects the shared commitment of Pakistan and China to improving the well-being of communities through practical development initiatives. The governor emphasized that many rural communities face challenges in accessing quality medical care due to the shortage of healthcare facilities and long travel distances to major hospitals. He expressed confidence that the new dispensary would help address these challenges by offering timely medical treatment, basic health services, and preventive care closer to people’s homes. Sardar Saleem Haider Khan also highlighted the historic relationship between Pakistan and China, describing it as a friendship with unique significance and a remarkable history. He stated that the partnership between the two countries has continued to grow stronger over the decades through cooperation in infrastructure, education, healthcare, trade, and economic development. He added that China has consistently supported Pakistan during times of need and has played an important role in the country’s development through various collaborative projects. According to the governor, initiatives such as the Ratwal dispensary demonstrate that the friendship between the two nations extends beyond economic cooperation and directly benefits ordinary citizens by improving their quality of life. Chinese Consul General Sun Yan also addressed the gathering and reaffirmed China’s commitment to strengthening its relationship with Pakistan. She described the friendship between the two countries as everlasting and famously remarked that it is “higher than the Himalayas,” a phrase often used to symbolize the extraordinary bond shared by Pakistan and China. The Consul General further stated that China considers Pakistan its second home, reflecting the deep mutual trust and respect that characterize bilateral relations. She emphasized that China values its partnership with Pakistan and will continue to support projects that contribute to the country’s social and economic development. Sun Yan noted that healthcare cooperation is an important component of the broader partnership between the two nations. She expressed hope that the newly inaugurated dispensary would improve healthcare services for local residents and strengthen people-to-people ties by demonstrating the practical benefits of bilateral cooperation. Residents of Ratwal welcomed the opening of the dispensary, expressing optimism that the facility would reduce the burden of traveling long distances for routine medical treatment. The project is expected to provide essential healthcare services, including primary medical consultations, basic medicines, and preventive healthcare support, thereby improving the overall health and well-being of the surrounding communities. The inauguration of the China-assisted dispensary in Ratwal highlights the continued cooperation between Pakistan and China in promoting public welfare. It also reflects the shared commitment of both countries to investing in community development and strengthening their enduring partnership through projects that deliver tangible benefits to the people.

The State Bank of Pakistan (SBP) has decided to keep its benchmark policy interest rate unchanged at 11.50% following the latest meeting of its Monetary Policy Committee (MPC). The decision reflects the central bank’s cautious approach as it continues to monitor inflation, economic growth, and global developments that could influence Pakistan’s financial outlook. The policy rate has remained at 11.50% since April 27, with policymakers choosing to maintain the current stance despite recent inflationary pressures. During the meeting, the committee reviewed key economic indicators, inflation trends, and the potential impact of geopolitical tensions in the Middle East on Pakistan’s economy. Speaking at a press conference, SBP Governor Jameel Ahmad said inflation had eased significantly during the first half of the fiscal year. Average inflation between July and February stood at 5.5%, remaining within the lower end of the central bank’s target range. However, rising global oil prices, higher food costs, and increased shipping expenses triggered by tensions in the Middle East placed renewed pressure on prices in the following months. According to the central bank, inflation rose to 11.7% in May before easing slightly to 11.1% in June. The governor expressed optimism that inflation would begin to decline again from July, with a more noticeable improvement expected after September. For the current fiscal year, the SBP projects average inflation to remain close to 7%. The governor also highlighted improvements in Pakistan’s broader economic indicators. He noted that the country’s current account deficit narrowed significantly during the previous fiscal year to $139 million, while the current fiscal year’s deficit is expected to remain between zero and one percent of GDP. Strong remittance inflows have played a major role in supporting the external sector, with overseas Pakistanis expected to send around $44 billion this fiscal year, up from $41.6 billion in the previous year. The SBP also expects exports to improve gradually with government support, stronger performance from the information technology sector, and growth in food exports. While imports have increased, improved external financing has helped meet the country’s payment needs without creating excessive pressure on foreign exchange reserves. Pakistan’s foreign exchange reserves are projected to remain around $20.2 billion by the end of the year, while the country is expected to meet its external debt obligations through a combination of repayments, refinancing arrangements, and continued financial inflows. The central bank reaffirmed that it will continue to monitor domestic and international economic developments before making any future changes to monetary policy.

The State Bank of Pakistan (SBP) has decided to keep its benchmark policy interest rate unchanged at 11.50% following the latest meeting of its Monetary Policy Committee (MPC). The decision reflects the central bank’s cautious approach as it continues to monitor inflation, economic growth, and global developments that could influence Pakistan’s financial outlook. The policy rate has remained at 11.50% since April 27, with policymakers choosing to maintain the current stance despite recent inflationary pressures. During the meeting, the committee reviewed key economic indicators, inflation trends, and the potential impact of geopolitical tensions in the Middle East on Pakistan’s economy. Speaking at a press conference, SBP Governor Jameel Ahmad said inflation had eased significantly during the first half of the fiscal year. Average inflation between July and February stood at 5.5%, remaining within the lower end of the central bank’s target range. However, rising global oil prices, higher food costs, and increased shipping expenses triggered by tensions in the Middle East placed renewed pressure on prices in the following months. According to the central bank, inflation rose to 11.7% in May before easing slightly to 11.1% in June. The governor expressed optimism that inflation would begin to decline again from July, with a more noticeable improvement expected after September. For the current fiscal year, the SBP projects average inflation to remain close to 7%. The governor also highlighted improvements in Pakistan’s broader economic indicators. He noted that the country’s current account deficit narrowed significantly during the previous fiscal year to $139 million, while the current fiscal year’s deficit is expected to remain between zero and one percent of GDP. Strong remittance inflows have played a major role in supporting the external sector, with overseas Pakistanis expected to send around $44 billion this fiscal year, up from $41.6 billion in the previous year. The SBP also expects exports to improve gradually with government support, stronger performance from the information technology sector, and growth in food exports. While imports have increased, improved external financing has helped meet the country’s payment needs without creating excessive pressure on foreign exchange reserves. Pakistan’s foreign exchange reserves are projected to remain around $20.2 billion by the end of the year, while the country is expected to meet its external debt obligations through a combination of repayments, refinancing arrangements, and continued financial inflows. The central bank reaffirmed that it will continue to monitor domestic and international economic developments before making any future changes to monetary policy.

Pakistan were dismissed for 282 runs in their first innings on the third day of the opening Test against the West Indies, leaving the hosts with a 29-run first-innings lead. Despite a determined century from captain Shan Masood, Pakistan failed to build on a solid overnight position as the West Indies bowling attack wrapped up the innings effectively. Resuming the day at 199 for 3, Pakistan appeared well placed to post a competitive total. However, the batting lineup struggled against disciplined bowling, losing wickets at regular intervals. Apart from Shan Masood and Imam-ul-Haq, none of the remaining batters managed to make a significant contribution. Shan Masood led the innings with a composed 109 runs, anchoring Pakistan’s batting effort with patience and confidence. His century proved to be the standout performance for the visitors and demonstrated his ability to perform under pressure in challenging conditions. Imam-ul-Haq also made an important contribution, scoring 63 runs and sharing a valuable partnership with the captain that gave Pakistan a strong foundation. After the dismissal of the top-order pair, Pakistan’s middle and lower order failed to capitalize on the platform. Regular breakthroughs from the West Indies bowlers prevented the visitors from reaching a larger total, and the innings came to an end after 80.1 overs. The West Indies bowling attack was led by Justin Greaves, who delivered an outstanding spell to claim five wickets. His consistent line and length troubled Pakistan’s batters throughout the innings and played a key role in restricting the total. Veteran fast bowler Kemar Roach and pace bowler Shamar Joseph picked up two wickets each, while Jayden Seales added one wicket to complete the innings. With a 29-run lead, the West Indies gained a slight advantage heading into their second innings. However, the match remains evenly balanced, and Pakistan’s bowlers will now aim to make early breakthroughs to keep the contest alive. As the Test progresses, both teams will look to capitalize on every opportunity in what promises to be an intriguing battle. Pakistan will be encouraged by Shan Masood’s excellent century but will also recognize the need for stronger contributions from the rest of the batting lineup if they hope to secure victory in the series opener.