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…
KARACHI: Trading at the Pakistan Stock Exchange (PSX) jumped almost 2,000 points before suspension on account of Friday prayers, as investors braced for Finance Minister Senator Muhammad Aurangzeb’s presentation of the federal budget for FY2026-27 later in the day. The benchmark Index climbed significantly to 171,659.29 points, reflecting positive investor sentiment. The market registered a…
He says Pakistan will work with partners to dismantle ‘twisted ideology’ of hate speech Pakistan on Friday described the Muscat Plan of Action as an innovative pathway to address the scourge of hate speech, prevent incitement to genocide and other atrocity crimes, and promote peace mediation, dialogue, and local peacebuilding, Radio Pakistan reported. These remarks…
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Pakistan Stock Exchange (PSX) on Thursday ended marginally higher as selective buying in banking and energy stocks helped the benchmark KSE-100 index recover 276 points ahead of the federal budget announcement. At the close…
Herat’s morality police started arresting dozens of women on Saturday for not wearing body-cloaking chador, burqa Afghan women in burqa walk towards a safer place after their house was damaged following a deadly magnitude 6 earthquake that struck Afghanistan on Sunday, at Lulam village, in Nurgal district, Kunar province, Afghanistan, September 3, 2025. PHOTO: Reuters…
Bill was passed by Senate on June 10 this year, subsequently approved by National Assembly on June 11 President Asif Ali Zardari on Friday gave his assent to the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, completing a key legal requirement for the privatisation of Pakistan International Airlines Company Limited (PIACL). According to a…
Oil prices fell more than 2% on Friday, extending losses from the previous session after US President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures were down $2.11 or 2.3% at $88.27 a barrel, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2%,…
. ISLAMABAD: Senior leader of the All Parties Hurriyat Conference (APHC) and Chairman of the Jammu Kashmir Salvation Movement (JKSM) Altaf Ahmed Bhat has paid “glowing tributes” to the martyrs of the Chota Bazar Massacre and Shaheed Tufail Ahmad Mattoo, reaffirming that the sacrifices rendered by the people of Jammu and Kashmir for freedom, justice,…
Total of 16 international teams from different armies participated in annual event, military’s media wing says Pakistan Army team, represented by the Pakistan Military Academy (PMA), secured first place at the International Pacesticking Competition 2026 held at the Royal Military Academy (RMA) Sandhurst, United Kingdom (UK), the military’s media wing said on Friday. According to…