ISLAMABAD: The installed electricity generation capacity of Pakistan has jumped up to 49,651 megawatts, reflecting an 8.5% increase primarily because of the addition of power production through solar net metering, according to the Pakistan Economic Survey 2025-26 released on Thursday. The installed generation capacity stood lower at 45,782 MW in the corresponding period (July-March) of…
Pakistan Peoples Party Chairman Bilawal Bhutto Zardari talks to media representatives at the Parliament House on Thursday. Photo: X/PPP ISLAMABAD: Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, reached the Parliament and joined the budget session after meeting with Foreign Minister Ishaq Dar. Earlier, PPP denied rumours that the party had decided to boycott…
Water Resources Division is the largest beneficiary with Rs103.80b, followed by Rs88b proposed for Power Division ISLAMABAD: Ahead of the presentation of the federal budget for Fiscal Year 2026-27, the government on Friday proposed a Federal Public Sector Development Programme (PSDP) of Rs1 trillion as part of the broader Rs17.5 trillion budget, according to official…
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…