Says ongoing reforms focused on bringing retailers into the tax net and strengthening the revenue system Finance Minister Muhammad Aurangzeb presents Budget 2026-27 in the National Assembly on Friday. — SCREENGRAB ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan’s macroeconomic indicators remained stable and the government was focused on expanding the tax base…
Naqvi expected to hold separate meetings with Iranian leadership to discuss next phase of diplomatic engagement Pakistan’s interior minister with Iran’s foreign minister, Abbas Araghchi. PHOTO: ANADOLU Interior Minister Mohsin Naqvi is scheduled to arrive in Tehran on Saturday for high-level meetings aimed at advancing diplomatic efforts following the recent Iran-US memorandum of understanding (MoU),…
KARACHI: Businessmen Panel Progressive (BMPP) General Secretary Khurram Ijaz has warned that debt servicing is swallowing more than half of Pakistan’s tax revenue, urging policymakers to rethink borrowing-led strategies and strengthen indigenous economic capacity. Citing budget documents, he noted that the government has earmarked Rs8.054 trillion for mark-up payments in FY2026-27, including Rs6.96 trillion on…
Burrows won 11 Emmy awards for excellence in television and helmed more than 1,000 episodes of hit programs US director and television creator James Burrows, who worked behind the scenes on “Friends,” “Cheers,” “Taxi,” and many other beloved comedies, has died, People magazine reported on Friday. He was 85. “We celebrate the extraordinary life and…
Electoral moment: A woman casts her vote in by-election in Faisalabad. Photo: Online ISLAMABAD: In a significant political development ahead of the AJK political season, the Pakistan Muslim League-Nawaz on Friday secured a notable defection as PTI-backed Azad Jammu and Kashmir Legislative Assembly member Begum Imtiaz Naseem joined the ruling party, calling it a “return…
FPCCI president says cheaper fuel will boost exports, urges electricity tariff reduction ISLAMABAD: Pakistan’s trader and industrial community has strongly welcomed the announcement of a Rs74 per litre reduction in petrol prices and Rs67 per litre cut in high-speed diesel, calling it a highly positive decision for the economy. They said the move will benefit…
Police teams collect evidence while investigations into various aspects of incident are underway BANNU: Seven people were killed and three others injured in two remote-controlled bomb explosions in the Phang Musa Khel area within the jurisdiction of Ahmadzai Police Station in Khyber-Pakhtunkhwa’s Bannu district on Saturday, District Police Officer (DPO) Bannu Yasir Afridi confirmed. According…
Says removal, not compulsory retirement, justified where public confidence is lost Police officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: Emphasising that public confidence is the cornerstone of the judiciary, the Supreme Court has ruled that a judge whose reputation is found to be bad cannot…
Signals stubborn domestic price pressures driven by tomatoes, onions, wheat flour KARACHI: Pakistan’s short-term inflation remained elevated at 15.28% year-on-year for the week ended June 18, 2026, indicating that domestic price pressures continue to persist despite a recent easing in global oil market concerns following the US-Iran peace agreement. The government has reduced petroleum product…
Orders petrol price to be slashed by Rs74, diesel Rs67 Pledges to pass on benefits of lower costs to people Move Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced a sharp reduction in petroleum prices, passing on the impact of declining global oil rates to consumers after Iran and…