This study dealt with the impact of paternal versus maternal acceptance on the psychological adjustment of adolescents in relation to parental power and prestige within the family in the Lahore region of Pakistan. The study drew from a sample of 91 adolescents (46% males) ages 13 through 17 years (M = 14.86). Measures used were the child version of the Parental Acceptance–Rejection Questionnaire (mother and father forms), the child version of the Personality Assessment Questionnaire, and the youth version of the Parental Power–Prestige Questionnaire. Results showed that perceived maternal and paternal acceptance were significantly correlated with adolescents’ psychological adjustment. However, neither power nor prestige was correlated with either maternal or paternal acceptance. Results of hierarchical regression analyses confirmed that adolescents’ perceptions of psychological adjustment were uniquely predicted by both maternal and paternal acceptance irrespective of either parent’s power or prestige within family.