KARACHI: Pakistan Stock Exchange (PSX) on Friday enjoyed a strong bullish momentum amid budget announcement for fiscal year 2026-27, with the benchmark KSE-100 index closing at 172,400 points, gaining around 2,700 points. The KSE-100 recorded another positive session and closed at 172,399.9, gaining 2,696 points (+1.59% day-on-day). “The positive performance was supported by broad-based buying…
Indian air force operates about 100 of them for military supplies, civilian aid in country’s remotest mountain areas An Indian military transport plane crashed on Saturday while landing at an air force station in the country’s remote northeast, the military said in a statement. The Russian-made Antonov An-32 “met with an accident today while landing…
With food inflation remaining volatile and energy prices facing global and domestic uncertainties, economists warn that price stability in the coming months will depend on supply chain management, fiscal discipline and policy coordination. photo: file ISLAMABAD: The government has decided to slash its subsidy budget by 8% for the next fiscal year 2026-27, though it…
Budget delivers on commitment to shift from economic stability to economic growth, says Aurangzeb Finance minister holds post-budget press conference. Screengrab Finance Minister Muhammad Aurangzeb, flanked by Information Minister Attaullah Tarar, Minister of State for Finance Bilal Azhar Kayani, Finance Secretary Imdadullah Bosal, FBR Chairman Rashid Mahmood Langrial, and Head of the Tax Policy Office…
National Centre for Brands Development proposed but no funding or roadmap detailed KARACHI: The government has outlined plans to fully digitise its state-run broadcasting infrastructure and establish new institutions aimed at strengthening national branding and the creative industries under its development agenda for FY2026-27, although the document released alongside the budget provides limited details on…
Both sides agree to remain in close contact, continue consultations on matters of mutual interest Deputy Prime Minister and Foreign Minister Ishaq Dar spoke late last night with Egypt’s Foreign Minister Badr Abdelatty, according to the Ministry of Foreign Affairs (MoFA). In a post on X, MoFA said the two leaders discussed the latest developments…
ISLAMABAD: The opposition PTI on Friday rejected the federal budget for the upcoming fiscal year, terming it a pro-rich and anti-poor financial plan that places the burden on ordinary citizens while extending relief to privileged segments of society. PTI Chairman Barrister Gohar said the PML-N-led government’s fiscal plan offered no meaningful relief to the public….
OICCI warns informal cash economy surges 33%; BMG terms budget ‘neither good nor bad’ KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has welcomed parts of the Federal Budget 2026-27 but raised serious concerns over the expanding informal economy and policy gaps, while other business bodies criticised the lack of a clear export-led…
President, PM, Naqvi praise security forces, say entire nation stands shoulder to shoulder with them Security forces, in continuation of a series of intelligence-based operations (IBOs), engaged multiple locations of terrorists during operations in the general area of Miran Shah and its surroundings in North Waziristan district of Khyber-Pakhtunkhwa (K-P), the military’s media wing said…
PM says journey of development will continue; economy has achieved stability despite challenges ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said the government presented the budget of relief and public welfare, reduced the burden on the salaried class and took steps for increasing exports, promoting industries and agricultural growth, investment and economic development. In a…