ogood2054

Four independent G-B lawmakers join IPP

GILGIT: Four newly elected independent members of the Gilgit-Baltistan Assembly on Tuesday announced their decision to join the Istehkam-e-Pakistan Party (IPP) following a meeting with party president and Federal Minister Abdul Aleem Khan. The lawmakers who announced their affiliation with the party include Anwar Ali, elected from G-BA-23 Ghanche-II; Dr Asad Shafiq, elected from G-BA-24…

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ECC overrules objections to EVTL lease extension

Investment minister’s protest rejected; inquiry ordered into lack of competitive bidding ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday overruled objections raised by Investment Minister Qaiser Sheikh, who had opposed the 30-year lease extension for the Engro Vopak Terminal by declaring it a violation of public procurement rules. Headed by Finance Minister Muhammad Aurangzeb, the…

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Budget delivers relief after economic stabilisation: Tarar

Says reforms created space for tax cuts, housing incentives & support for exporters, farmers and low-income households Information Minister Attaullah Tarar addressing a media briefing. SCREENGRAB ISLAMABAD: Information Minister Attaullah Tarar on Wednesday described the upcoming fiscal year’s budget as “relief-oriented”, saying the country had moved from the risk of economic default towards stabilisation following…

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Buying frenzy powers PSX up by 3,353 points

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday extended its record-setting rally as investors continued to engage in aggressive buying amid growing confidence in the country’s economic outlook and easing geopolitical tensions in the region. The benchmark KSE-100 index gained 3,353.15 points, or 1.89%, to close at 180,392.98, after touching the intra-day high of 180,503.55 and…

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Sindh cabinet approves Rs656b budget for FY2026-27

Total development outlay set at over Rs656 billion, Rs641 billion allocated for the Provincial Development Programme Sindh Chief Minister Murad Ali Shah chairs a cabinet meeting to approve Budget 2026-27. SCREENGRAB KARACHI: The Sindh cabinet on Wednesday approved the provincial budget for the 2026-27 financial year, which Chief Minister Murad Ali Shah would present during…

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Oil prices fall 5% to 3-month low

NEW YORK: Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the US and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were already down about 4% Tuesday morning, extended those losses following a Wall Street Journal report that…

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