ogood2054

Overseas job registrations hit 278,563

Labourers, drivers dominate as UAE corridor slows due to stricter immigration rules KARACHI: A total of 278,563 Pakistani workers registered for overseas employment during the first five months of 2026, reflecting the country’s continued dependence on foreign labour markets for employment and remittances. The latest data from the Bureau of Emigration and Overseas Employment (BE&OE)…

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IMF disagrees with 1% NEV sales tax

Inter-ministerial disagreements over duty structure threaten auto policy finalisation The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: The International Monetary Fund (IMF) has not accepted a proposal to charge a 1% sales tax on new energy vehicles,…

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FinMin says govt focused on broadening tax base, not burdening salaried class in budget

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…

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Naqvi departs for Tehran to discuss US-Iran negotiations, ISNA says

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),…

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‘Debt servicing swallows half of tax revenue’

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…

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PML-N gains ground in AJK as PTI-backed MLA jumps ship

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…

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Traders hail Rs74 petrol price cut

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…

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