Freelance remittances $856m, 5G auction raises $509m; experts warn of low-value trap KARACHI: Pakistan’s Information and Communication Technology (ICT) and telecommunications sectors recorded notable growth during FY2026, according to the Pakistan Economic Survey unveiled on Thursday. ICT exports reached $3.388 billion, while the trade surplus in IT and IT-enabled services stood at $2.911 billion, reflecting…
At least 3 Indians killed after US forces targeted 3 vessels amid blockade of Strait of Hormuz: Indian government Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, May 21, 2026.PHOTO:West Asia News Agency via REUTERS India on Friday summoned a US diplomat in New Delhi for the second time in…
Both leaders reaffirm dialogue, diplomacy only viable means to resolve conflicts, achieve lasting peace and stability European Union High Representative for Foreign Affairs and Security Policy Kaja Kallas holds meetings with Deputy Prime Minister and Foreign Minister Ishaq Dar. PHOTO: FO Deputy Prime Minister and Foreign Minister Ishaq Dar and European Union High Representative/Vice President…
KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended June 5, 2026, with deposits of the State Bank of Pakistan (SBP) rising by $25 million to $17.22 billion, according to data released by the central bank on Thursday. The SBP said its foreign exchange reserves stood at $17.215 billion as of…
MQM important coalition partner, role in promoting economic stability, public welfare acknowledged, says PMO PM Shehbaz met delegation of MQM. PHOTO: X Prime Minister Shehbaz Sharif on Friday met a delegation of the Muttahida Qaumi Movement (MQM) in Islamabad, where discussions were held on the upcoming federal budget and the country’s overall political and economic…
Prime Minister Shehbaz Sharif. Photo: APP/ File Prime Minister Shehbaz Sharif on Friday approved the draft of the Federal Budget 2026–27. He chaired a cabinet meeting in Islamabad to review the budget proposals. PM Shehbaz expressed gratitude to coalition parties for their full support in the Budget 2026–27. The prime minister also thanked the International…
ISLAMABAD: The cost of tax concessions has for the first time in many years marginally reduced by 3% to Rs2.35 trillion in this fiscal year, driven by the withdrawal of sales tax exemptions and nil cost of exemptions under bilateral free trade agreements. Although the cost has started reducing, it was still $8.5 billion in…
KARACHI: Trading at the Pakistan Stock Exchange (PSX) jumped almost 2,000 points before suspension on account of Friday prayers, as investors braced for Finance Minister Senator Muhammad Aurangzeb’s presentation of the federal budget for FY2026-27 later in the day. The benchmark Index climbed significantly to 171,659.29 points, reflecting positive investor sentiment. The market registered a…
He says Pakistan will work with partners to dismantle ‘twisted ideology’ of hate speech Pakistan on Friday described the Muscat Plan of Action as an innovative pathway to address the scourge of hate speech, prevent incitement to genocide and other atrocity crimes, and promote peace mediation, dialogue, and local peacebuilding, Radio Pakistan reported. These remarks…
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Pakistan Stock Exchange (PSX) on Thursday ended marginally higher as selective buying in banking and energy stocks helped the benchmark KSE-100 index recover 276 points ahead of the federal budget announcement. At the close…