ISLAMABAD / VERSAILLES — In a historic victory for Pakistani diplomacy, the United States and Iran have officially signed a comprehensive initial treaty to permanently end their months-long war, ease crippling economic sanctions on Tehran, and reopen the strategic Strait of Hormuz. Prime Minister Shehbaz Sharif formally endorsed the agreement, detailing that the breakthrough was […]
PESHAWAR / TASHKENT — In a major boost to regional trade diversification, the first commercial cargo fleet under the Trans-Regional Transit Trade agreement has successfully moved from Tashkent, Uzbekistan, arriving in Peshawar via the land route through Afghanistan. Utilizing the international TIR convention for seamless border customs clearance, the new corridor slashes regional freight transport
ISLAMABAD — Moving Pakistan closer to advanced mobile connectivity, the Ministry of Information Technology and Telecommunication (MoITT) has formally announced the finalized roadmap for the country’s first national 5G spectrum auction, locked for October 2026. The high-profile spectrum rollout is projected to attract over $500 million in localized telecom infrastructure investments from international mobile network
National 5G Spectrum Auction: Ministry of Telecom Confirms October 2026 Launch Timeline Read More »
ISLAMABAD — In a major update to the recently presented Finance Bill, the federal government has proposed replacing the current tax exemption for IT exports with a fixed 1% final tax regime on export proceeds for software houses and digital services companies. While the IT industry had strongly lobbied for a full extension of tax
KARACHI — Marking a historic milestone for localized manufacturing, Finance Minister Muhammad Aurangzeb virtually chaired the high-profile “Gong Ceremony” at the Pakistan Stock Exchange (PSX) to mark the formal listing of Service Long March (SLM) Tyres Limited. SLM, the country’s premier domestic radial tyre exporter, successfully completed its Initial Public Offering (IPO) amid soaring investor
ISLAMABAD / KARACHI — Following the formal presentation of the Rs18.77 trillion federal budget, the government has introduced sweeping structural changes to target previously under-taxed sectors. Under the new Finance Bill guidelines, digital content creators, freelancers, and social media influencers will now face direct, automated withholding tax deductions processed seamlessly through the banking system. While
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,
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