Finmin Aurangzeb says govt committed to reducing tax burden by widening tax net – Pakistan
Finance Minister Muhammad Aurangzeb on Friday said that the government was committed to reducing the disproportionate tax burden on certain classes by widening the tax net. Speaking on the Geo News programme ‘Aaj Shahzeb Khanzada Kay Saath’ following the unveiling of a Rs18.8 trillion budget for the next fiscal year, Aurangzeb said: “Exporters, manufacturers, the […]
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 […]
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 […]
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 […]
Former senator Taj Afridi dies in M-1 motorway crash – Pakistan
Former senator Taj Muhammad Afridi passed away on Friday after his vehicle was involved in a fatal accident near Karnal Sher Khan Interchange on the M-1 motorway, police said in a statement. According to a statement by the Motorway Police, the former senator was travelling from Islamabad to Peshawar. It further said that upon receiving […]
PM Shehbaz stresses importance of ‘strong security’ ahead of budget presentation – Pakistan
Prime Minister Shehbaz Sharif on Friday stressed the importance of the country having “strong” security, as he spoke about the budget-making process. He made the remarks during a federal cabinet meeting that approved the budget, which is now expected to be tabled in the parliament. “Today, we are presenting the third budget of our government,” […]
PM Shehbaz stresses importance of country’s ‘strong security’ ahead of budget presentation – Pakistan
Prime Minister Shehbaz Sharif on Friday said that no nation can handle its matters “if its security is not strong”. He made the remarks during a federal cabinet meeting that had been called to approve the budget before it is laid before the parliament. “Today, we are presenting the third budget of our government,” the […]
PM Shehbaz addresses federal cabinet – Pakistan
Prime Minister Shehbaz Sharif is currently addressing a federal cabinet meeting. He began the meeting by saying that the meeting had a one-point agenda that pertained to the budget’s approval. “Today, we are presenting the third budget of our government,” the premier said. He acknowledged that “despite our best efforts”, the government had to impose […]