Economy

ISLAMABAD — Pakistan Bureau of Statistics (PBS) has officially released the finalized fiscal data for FY2025-26, revealing that the country’s trade deficit has expanded to a staggering $39.6 billion—the highest level recorded in over a decade. Driven by a continuous surge in energy imports and global commodity prices, overall imports climbed to $69.7 billion, representing

ISLAMABAD — Moving to rapidly revitalize the country’s primary economic backbone, Prime Minister Shehbaz Sharif has directed a comprehensive, structural transformation of the entire agricultural ecosystem. The high-stakes strategy session brought together Federal Ministers Ahsan Iqbal, Muhammad Aurangzeb, and Shaza Fatima Khawaja alongside key financial and agricultural advisors. The finalized layout mandates a sweeping upgrade

ISLAMABAD — As National Assembly budget deliberations continue, Finance Minister Muhammad Aurangzeb has outlined a 17.6% increase in the country’s national defense spending, elevating the final allocation to PKR 3,000 billion for the fiscal year 2026-27. Presenting the broader PKR 18,771 billion federal layout, the government emphasized that this significant fiscal step is explicitly driven

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

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 — 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,