Govt slashes petrol price by Rs4, diesel by Rs2 – Pakistan
The government on Friday reduced the price of petrol by Rs4 per litre and diesel by Rs2 per litre with immediate effect. Following the decrease, the price of petrol stands at Rs373.78 per litre and high-speed diesel (HSD) at Rs378.78, down from Rs377.78 and Rs380.78 per litre, respectively. The Petroleum Division’s notification announcing the decrease […]
Bilawal welcomes invitation to form PPP govt in GB, expresses gratitude to PM Shehbaz – Pakistan
ISLAMABAD: PPP Chairman Bilawal Bhutto Zardari on Friday welcomed Prime Minister Shehbaz Sharif’s statement regarding the formation of a government in Gilgit-Baltistan (GB) and expressed his gratitude. The PPP is all set to form a government in the region after it gained 11 out of 24 seats in the GB Legislative Assembly, according to the […]
PTI rejects federal budget for FY2026-27, terms it an ‘exercise in elite self-preservation’ – Pakistan
ISLAMABAD: PTI, the main opposition party in the National Assembly, on Friday rejected the federal budget for FY2026-27, terming it a “refined exercise in elite self-preservation”. In an NA session earlier today, the federal government unveiled a Rs18.8 trillion budget for the upcoming fiscal year. In a statement, PTI Secretary Information Sheikh Waqas Akram said […]
Defence budget raised by 17.6%
ISLAMABAD: Faced with mounting security challenges on both its eastern and western frontiers and the emergence of new forms of warfare, the federal government on Friday proposed a 17.6% increase in defence spending for the fiscal year 2026-27, signalling Islamabad’s growing concern over an increasingly complex regional security environment. The government allocated Rs3,010 billion for […]
Budget FY26-27: What relief measures has the government announced for next year? – Business
As part of its budget proposals for the next fiscal year (FY26-27), the government has announced a range of measures to provide some measure of relief to the public, ranging from an expanded income support programme for the most vulnerable segment of the population, to lower taxes for individuals earning more than Rs183,000 a month. […]
Govt unveils Rs18.8tr budget for FY2026-27; GDP growth targeted at 4pc – Business
Average inflation expected to be 8.2pc; finance minister says large chunk of budgeted expenditures to be allocated for markup payments. Salient Features • GDP growth target set at 4pc; average inflation projected at 8.2pc • Income tax cut for those earning above Rs183,000 per month • Withholding tax on foreign debit/credit card transactions slashed from […]
How Pakistan stabilised its way into poverty in 21 graphs – Pakistan
The Pakistan Economic Survey arrives each June in two registers. The first is the press conference: growth is back, inflation has been beaten. The second is the statistical annex, which records, without adjectives, what actually happened—and this year it describes a stabilisation, real, hard-won, and worth defending. Except that it has so far fixed none […]
The smile that lit up newsroom: journalist Danish Zuberi passes away
Beloved editor and mentor remembered for his kindness, professionalism and humanity Danish Zuberi was always remember for his kindness in daily life and professionalism in Journalism. PHOTO: FILE KARACHI: Some deaths arrive like a storm. Others descend like an unbearable silence. The passing of senior journalist and City Desk Head Danish Zuberi has left behind […]
Govt to broaden tax net through compliance, not new taxes: Aurangzeb
Says plugging tax leakages will help boost revenues without imposing additional taxes Pakistan Finance Minister Muhammad Aurangzeb. Photo: Reuters/ File Finance Minister Muhammad Aurangzeb on Friday said the government had not imposed any new taxes in the federal budget for FY2026-27 and would instead focus on broadening and deepening the tax net through improved compliance […]
Govt unveils Rs18.8tr budget for FY2026-27; economic growth targeted at 4pc – Business
Average inflation expected to be recorded at 8.2pc. Finance Minister Muhammad Aurangzeb presented the FY2026-27 budget in the National Assembly (NA), addressing a session that began two hours after the scheduled time of 3pm and is marred by loud protests by the opposition. NA Speaker Ayaz Sadiq presided over the session, who invited Aurangzeb to […]