Government moves to rein in expenditures

RAWALPINDI: The Punjab government has directed all public-sector bodies to eliminate non-essential expenditure and transfer surplus financial deposits to the provincial exchequer, citing rising welfare spending, public relief measures, and a shortfall in revenue targets. Under the directive, development authorities, Parks and Horticulture Authorities (PHA), Water and Sanitation Agencies (WASA), waste management companies and other…

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PPP grabs lion’s share of G-B seats

GILGIT: The Pakistan Peoples Party (PPP) has emerged as the single largest party in the Gilgit-Baltistan (G-B) Assembly following Sunday’s general elections in the region, according to unofficial and unverified results received on Monday. According to the preliminary data, the PPP managed to secure 10 seats, followed by the Pakistan Muslim League-Nawaz (PML-N) with six…

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Rawalpindi declares forest fire season

Strict ban imposed on matches, flammables, picnics in forests from April 15 to July 15 RAWALPINDI: The Forest Department has declared the period from April 15 to July 15 as the “fire season” to ensure the protection and conservation of government forests across the Rawalpindi division, including the hilly tehsils of Murree, Kotli Sattian, Kahuta,…

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Currency in circulation jumps 28%

KARACHI: Pakistan’s broad money supply (M2) recorded a strong 21.3% year-on-year (YoY) growth as of March 27, 2026, reflecting a significant expansion in liquidity driven by rising deposits and increased currency circulation in the economy. The latest data shows that total bank deposits grew by 18.7% YoY to Rs30.6 trillion, indicating sustained inflows into the…

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Tech exports rise 33% to $423m

KARACHI: Pakistan’s technology exports maintained strong momentum in April 2026, rising 33% year?on?year to $423 million from $317 million in the same month last year, the State Bank of Pakistan (SBP) reported on Monday. Trend data from several research houses showed technology exports steadily strengthening over the past year. In March 2025, IT exports stood…

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DGK school roof collapse kills four children

LAHORE: At least four children were killed and 20 others injured after the roof of a classroom at a private school in Punjab’s Dera Ghazi Khan collapsed on Thursday. According to a preliminary report issued by the district administration, the injured included 16 students, two teachers and two labourers. Rescue officials said emergency teams, assisted…

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Chinese tyre firm to invest $120m

Service Long March targets $100m exports as Pakistan becomes fifth-largest tyre exporter to US Between the years 2013 and 2021, the Chinese investment increased six-and-a-half times to $6.1b but the US investment dropped three-fourths to $1.5b, said the BOI secretary. PHOTO: FILE ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a meeting with Jin…

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Freelancer exports cross $950 million

KARACHI: Pakistani freelancers earned more than $950 million in foreign exchange during the first 10 months of the current fiscal year despite multiple local and global challenges. During the period from July 2025 to April 2026, Pakistani freelancers outperformed freelancers from India, China, the United Arab Emirates and several other countries. According to the State…

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