‘Budget relief limited by IMF commitments’

Minister says PIA privatisation completed, three power distribution companies next RAWALPINDI: Minister of State for Finance Bilal Azhar Kayani has said the government intends to reduce the tax burden on the salaried class in the upcoming budget, but limited fiscal space under the International Monetary Fund (IMF) programme restricts major relief, according to a statement…

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PM Shehbaz congratulates Trump as Iran ceasefire agreement nears finalisation

US, Iran near 60-day deal to reopen Strait of Hormuz, negotiate Tehran’s nuclear programme Prime Minister Shehbaz Sharif congratulated United States President Donald Trump for actively engaging in peace prospects by having a “very useful” and “productive” telephone call on Saturday with the leaders of Saudi Arabia, Qatar, Turkiye, Egypt, the United Arab Emirates, Jordan…

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PSX gains 2,248 points in mixed week

KARACHI: Pakistan Stock Exchange (PSX) extended gains during the outgoing week, when the benchmark KSE-100 index rose over 2,248 points amid easing geopolitical concerns linked to expected progress in US-Iran negotiations and improving investor confidence. On a day-on-day basis, the bourse commenced the week with a plunge of nearly 3,800 points, triggered by stalled US-Iran…

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BETWEEN SAFETY AND JUSTICE

PUBLISHED May 24, 2026 In Pakistan’s policing lexicon, few words carry as much controversy as “encounter.” While official accounts describe armed exchanges and the neutralisation of hardened criminals, grieving families speak of sons taken into custody and returned as bodies. Between these competing narratives lies a widening fault line in the country’s criminal justice system….

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Cabinet seeks checks on vaccine monopoly

ISLAMABAD: Some members of the federal cabinet have raised serious questions over the pricing of locally manufactured vaccines and monopolistic practices of pharmaceutical companies. The government has also agreed to give a buyback guarantee for the locally manufactured vaccines. During a meeting chaired by Prime Minister Shehbaz Sharif on Saturday, the cabinet gave in-principle approval…

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Govt sticks to coal despite solar growth

Research says Pakistan on ‘front line’ of global struggle to exit coal agreements LAHORE: Pakistan’s rapid shift towards solar power is undermining the economics of coal-fired electricity generation, even as the government continues to back coal as a pillar of energy security, according to a new global report. The report, Boom and Bust 2026, released…

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Alliance politics intensifies ahead of AJK elections

ISLAMABAD: The All Jammu and Kashmir Muslim Conference (AJKMC) and the Muttahida Ulema Council Azad Kashmir on Saturday formally announced an electoral alliance for the upcoming elections to the Azad Jammu and Kashmir Legislative Assembly. The announcement was made during a joint press conference at the National Press Club, addressed by AJKMC President and former…

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