ISLAMABAD — In a monumental victory for Pakistani diplomacy, Prime Minister Shehbaz Sharif officially announced on Monday that a comprehensive “Peace Deal” between the United States and the Islamic Republic of Iran has been successfully reached. Serving as the core mediator, Pakistan helped broker the agreement which mandates an immediate and permanent termination of military […]
ISLAMABAD — Betting heavily on agriculture to spearhead national economic recovery in the upcoming FY27 framework, Prime Minister Shehbaz Sharif has held deep consultations with farm leaders and value-added industrial corporations. The PM ordered the immediate reconstitution and notification of the National Cotton Board and directed a massive structural modernization of the Pakistan Agricultural Research
ISLAMABAD — In an emergency effort to absorb a glaring Rs800 billion revenue shortfall for the current year, the National Economic Council (NEC) is meeting today following a broader structural agreement between the PML-N and PPP to slash development envelopes across all tiers of the federation. Under the high-stakes agreement, provincial shares from the federal
ISLAMABAD — The federal government has officially postponed the presentation of the FY2026-27 federal budget from June 10 to Friday, June 12, 2026. Parliamentary Affairs Minister Tariq Fazal Chaudhry confirmed that summaries to convene the formal assembly have been sent to the Presidency. The delay exposes a grueling backdoor political deadlock as the federal government,
LAHORE / ISLAMABAD — Serious concerns have rippled through the energy sector following the government’s proposal to allocate only Rs179 billion for water and hydropower projects in the upcoming Public Sector Development Programme (PSDP) for FY2026-27. Senior WAPDA officials have warned that the sector requires a bare minimum of Rs500 billion to maintain momentum. This
ISLAMABAD — Amid local media reports highlighting deep structural differences between political allies over taxation policies, President Asif Ali Zardari and Prime Minister Shehbaz Sharif held a pivotal consultative session at the PM House last night. President Zardari strongly stressed the need to harmonize macroeconomic growth targets with public welfare schemes and provincial development funds
ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo its most aggressive transformation yet, with the upcoming Finance Bill 2026 mapping out nearly Rs1 trillion in new policy and enforcement measures. According to senior ministry sources, the FBR will legally transition into a completely “Faceless Entity” starting October 1, 2026, to eliminate
ISLAMABAD — Shifting away from its previous policy of total non-engagement, the opposition party, Pakistan Tehreek-e-Insaf (PTI), has officially released its alternative economic proposals for the FY2026-27 budget cycle. The shadow economic framework demands a sweeping overhaul of current fiscal plans, urging the government to double the minimum taxable income threshold for salaried individuals from
ISLAMABAD — As final layout frameworks for the Federal Budget FY2026-27 are synchronized for June 10, the Finance Division has proposed a 10% to 15% salary increase for government employees (BPS 1-22) alongside a proportional bump in pensions. Designed to cushion the public sector workforce against high cost-of-living standards, the measure is being balanced against
ISLAMABAD — The Ministry of Commerce and the Deputy PM office are officially reviewing a renewed proposal from the Pakistan Sugar Mills Association (PSMA) to allow the export of 1.3 million metric tons of surplus sugar. While the millers argue that international shipments are vital to clear pending dues owed to sugarcane growers and bring
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