NA passes Rs9.17tr demands for grants

ISLAMABAD: The National Assembly on Sunday formally began passage of the federal budget for 2026–27, approving 125 demands for grants worth Rs9.171 trillion after rejecting 307 cut motions moved by the opposition through a majority vote. The House met with Speaker Sardar Ayaz Sadiq in the chair. Finance Minister Muhammad Aurangzeb presented demands for grants…

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Pakistan reopens offshore exploration frontier after two decades

Petroleum Minister Ali Pervaiz Malik witnesses the signing ceremony of Production Sharing Agreements and Exploration Licences for offshore exploration blocks awarded under the Offshore Bid Round 2025, on Wednesday. Photo: Facebook Pakistan formally reopened its offshore exploration frontier after nearly two decades on Wednesday as the government signed Production Sharing Agreements (PSAs) and Exploration Licences…

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Verstappen consider F1 retirement

Max Verstappen has won the Japanese Grand Prix for the past four years. Photo: AFP SUZUKA: Max Verstappen said his current unhappiness has left all options on the table, including retirement once the current Formula 1 season ends. A winner of 71 career F1 races, which trails only Lewis Hamilton (105) and Michael Schumacher (91)…

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Red tape, not bad luck, hits capital

LAHORE: Imagine a country sitting at the crossroads of South Asia and Central Asia, with a population of 250 million, abundant natural resources, and a GDP exceeding $450 billion, yet struggling to convince even its own businesspeople to invest at home. That is Pakistan’s continued uncomfortable reality in 2026, and the way things are going,…

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