A file photo of former PML-N senator Taj Afridi. — SENATE WEBSITE Former Pakistan Muslim League-Nawaz senator Taj Afridi passed away in a road accident on the M-1 motorway near the Colonel Sher Khan Interchange on Friday, according to the National Highways and Motorway Police (NHMP). A statement from the NHMP said Afridi was commuting from Islamabad to…
Aurangzeb says lower tax rate will help discourage informal fund transfers and strengthen formal channels Budget 2026-27: Internet shoppers rejoice as govt proposes 90% cut in withholding tax on overseas card transactions In a move aimed at promoting the documentation of the economy through formal financial channels, the government on Friday proposed a 90 per cent…
A woman with portrait of her relative, died in the Air India Flight 171 crash last year. PHOTO: AFP Families of those killed in last year’s Air India plane crash gathered at the site on Friday to mark the anniversary of the disaster, still awaiting answers about its cause. On June 12, 2025, a Boeing…
A child and an adult were killed while several others were injured in a suicide attack near a mosque in Khyber-Pakhtunkhwa’s Lakki Marwat, according to Rescue 1122. A statement from the department said: “A suicide blast was reported near a mosque in Khairo Khel Pacca village. As a result of the blast, eight-year-old Asma Bibi and 25-year-old…
Finance Minister Muhammad Aurangzeb on Friday unveiled tax relief measures for four income slabs of salaried employees and announced the removal of the surcharge, following directives from Prime Minister Shehbaz Sharif, while presenting the 2026–27 Federal Budget in the National Assembly. Speaking in the National Assembly, Aurangzeb said, “I am pleased to announce that under…
Says govt asking for informal engagement, but the party does not want ‘photo sessions’ with the prime minister ISLAMABAD: Pakistan Tehreek-e-Insaf Chairman Barrister Gohar Ali Khan on Friday said that the upcoming federal budget would not bring any relief to the public, stressing that it would fail to improve the lives of ordinary citizens. Speaking to the…
Finance Minister Muhammad Aurangzeb presents Budget 2026-27 in the National Assembly on Friday. — SCREENGRAB Finance Minister Muhammad Aurangzeb on Friday said the provincial share under the National Finance Commission (NFC) Award would remain unchanged. He said substantial allocations had been made for newly merged districts of Khyber-Pakhtunkhwa (K-P), Gilgit-Baltistan (G-B) and Azad Jammu and Kashmir (AJK),…
ISLAMABAD: The installed electricity generation capacity of Pakistan has jumped up to 49,651 megawatts, reflecting an 8.5% increase primarily because of the addition of power production through solar net metering, according to the Pakistan Economic Survey 2025-26 released on Thursday. The installed generation capacity stood lower at 45,782 MW in the corresponding period (July-March) of…
Pakistan Peoples Party Chairman Bilawal Bhutto Zardari talks to media representatives at the Parliament House on Thursday. Photo: X/PPP ISLAMABAD: Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, reached the Parliament and joined the budget session after meeting with Foreign Minister Ishaq Dar. Earlier, PPP denied rumours that the party had decided to boycott…
Water Resources Division is the largest beneficiary with Rs103.80b, followed by Rs88b proposed for Power Division ISLAMABAD: Ahead of the presentation of the federal budget for Fiscal Year 2026-27, the government on Friday proposed a Federal Public Sector Development Programme (PSDP) of Rs1 trillion as part of the broader Rs17.5 trillion budget, according to official…