BENGALURU: An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple’s iPhone has contaminated the groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory explanation. India’s Tata Electronics is central to Apple’s push to diversify iPhone production beyond China and is the second-biggest supplier…
KARACHI: In an economy where billions have become the new millions and trillions the new billions due to years of inflation and rupee depreciation, the federal government’s decision to allocate just Rs7.1 billion for agricultural storage infrastructure in Budget 2026-27 has raised questions about the understanding of those in the power corridors of Islamabad regarding…
PUBLISHED June 14, 2026 For Ubaid Javed, a private-sector employee, the month begins with a message from the bank and ends almost at the same moment. The salary lands in his account, but the sense of relief does not last. Before the month has properly started, there is rent to be set aside, school fees…
LAHORE: The Pakistan Poultry Association (PPA) has expressed profound disappointment over the federal budget 2026-27, stating that despite repeated assurances from the government, the poultry sector has received no meaningful fiscal relief. In a statement issued on Saturday, the association warned that continuation of burdensome taxes on key production inputs will further increase the cost…
ISLAMABAD: The federal government has constituted two anomaly committees to remove business-related and technical ambiguities in the Finance Bill 2026 for the upcoming fiscal year 2026-27. To address business-related ambiguities, a committee has been formed under Javed Qureshi, Chief Executive Officer of the Pakistan Business Council. A separate committee has been set up under Chartered…
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…
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…
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…
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…
Finance Minister Muhammad Aurangzeb is presenting federal budget for fiscal year 2025-26 in National Assembly on June 10. Photo : NAofPakistan/X KARACHI: Despite Finance Minister Senator Muhammad Aurangzeb’s assertion in his budget speech that the government is transitioning from stabilisation to a growth phase, the federal government has notably decreased the size of the Public…