Govt seeks to build strategic oil reserves to meet consumer needs for 30 to 45 days ISLAMABAD: The government has decided to take several measures including expanding the strategic oil reserves for sustainable energy supply across the country. At present, commercial reserves are kept for 20 days only. In the Annual Plan 2026-27, the government…
PPP chairman Bilwal Bhutto-Zardari addressing a rally in Shigar. SCREENGRAB ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Friday welcomed Prime Minister Shehbaz Sharif’s statement regarding the formation of a government in Gilgit-Baltistan (G-B) and expressed his gratitude, as the PPP moved closer to forming the administration in the region. The prime minister…
ISLAMABAD: The government on Friday reduced the prices of petrol and high-speed diesel for the week beginning June 13 (today), providing marginal relief to consumers in the latest fortnightly review. The government has slashed the price of petrol by Rs4 per litre and diesel by Rs2 per litre. According to a notification issued by the…
Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB ISLAMABAD: The federal budget 2026-27 unveiled a relief package for the salaried person, including lower income tax rate, abolition of the 9% surcharge, and a 7% increase in the pays and…
ISLAMABAD: Faced with mounting security challenges on both its eastern and western frontiers and the emergence of new forms of warfare, the federal government on Friday proposed a 17.6% increase in defence spending for the fiscal year 2026-27, signalling Islamabad’s growing concern over an increasingly complex regional security environment. The government allocated Rs3,010 billion for…
Tax revenue target raised to Rs15.26tr Rs306b tax measures proposed Rs360b tax relief announced Provinces Finance Minister Muhammad Aurangzeb presents Budget 2026-27 in the National Assembly on Friday. — NATIONAL ASSEMBLY X ISLAMABAD: Backed by first-ever provincial grants of over Rs1 trillion, Finance Minister Muhammad Aurangzeb on Friday unveiled a Rs18.8…
ISLAMABAD/TEHRAN: Pakistan on Friday expressed mounting optimism for an elusive agreement, with Prime Minister Shehbaz Sharif said that the final text of a US-Iran peace deal had been agreed. “We can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to…
MEXICO CITY: Mexico ignited their World Cup party with a dominant 2-0 victory over nine-man South Africa on Thursday as the biggest ever edition of the global footballing showpiece kicked off at the iconic Estadio Azteca. Julian Quinones scored the opening goal of the tournament and veteran striker Raul Jimenez added a second as the…
ISLAMABAD: The government on Friday announced a Rs17 trillion tax collection target for the new fiscal year, including over Rs1.7 trillion through the petroleum levy, but also gave relief of Rs360 billion to the salaried class, real estate and businesses aimed at kick-starting the economy. The salaried class received Rs52 billion tax relief, while Rs115…
Canada coach Jesse Marsch during the press conference. Photo: REUTERS LONDON: Jesse Marsch has a simple message for anyone wondering whether his Canada side are ready for the weight of a home World Cup: they are not just ready for it, they want it. Canada will arrive at Toronto Stadium on Friday for their first World Cup…