Pakistan’s government on Friday announced a sharp reduction in petroleum prices, cutting petrol by Rs74 per litre and high-speed diesel by Rs67 per litre. The decision was taken to pass on the benefit of declining global oil prices to consumers. The move is expected to ease inflationary pressure on households and transport costs nationwide. According […]
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Pakistan rejects Afghan claims of drone strikes on alleged Daesh camps in KP, Balochistan
ISLAMABAD: Ministry of Information and Broadcasting of Pakistan has rejected claims circulating through Afghan Taliban government channels regarding alleged drone strikes on purported Daesh camps in Khyber Pakhtunkhwa and Balochistan, describing the assertions as false propaganda. In a statement issued on Friday, the ministry said the Afghan government had been promoting the claims through official […]
Khawaja Asif defends privatisation push
ISLAMABAD: Defence Minister Khawaja Asif has said that Pakistan could have avoided losses worth hundreds of billions of rupees if the state-owned Pakistan Steel Mills had been shut down decades ago, stressing the need for timely privatisation of loss-making public enterprises. Speaking on programme, Asif argued that delays in restructuring and privatising state-owned entities have […]
Murad Ali Shah says PPP leadership wants focus on major projects
Sindh Chief Minister Murad Ali Shah has said that the Pakistan Peoples Party (PPP) leadership has directed the provincial government to shift its focus from smaller development schemes to large-scale projects aimed at delivering long-term benefits to the public. Addressing a post-budget press conference in Karachi, the chief minister said the provincial government’s largest expenditures […]
Supreme Court of Pakistan approves 100% hike in utility allowance
The Supreme Court of Pakistan has approved a 100 per cent increase in the utility allowance for its employees, in a decision aimed at providing financial relief to staff amid rising utility costs. According to official details, the approval was granted by Chief Justice of Pakistan Justice Yahya Afridi, and the revised allowance structure will […]
Sindh cabinet approves budget with proposed salaries increase
KARACHI: The Sindh cabinet has approved the provincial budget for the fiscal year 2026-27, with proposals to increase salaries and pensions for government employees despite ongoing financial constraints. According to official sources, the provincial government is expected to present a budget exceeding Rs2.7 trillion for the upcoming fiscal year. The budget includes a proposed 7 […]
Bilawal says budget talks with government continue
ISLAMABAD: Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, has said that discussions with the government over concerns regarding the federal budget are ongoing, indicating continued engagement between coalition partners on key fiscal issues. The remarks came after a meeting between Bilawal Bhutto Zardari and a government delegation led by Deputy Prime Minister […]
Punjab proposes 7pc salary increase
The Punjab government presented a Rs5.903 trillion budget for fiscal year 2026-27, proposing a 7 percent salary increase for employees. The budget also includes a 3.5 percent pension raise and significant allocations for development sectors. The measures aim to support public welfare, infrastructure growth and economic stability across the province. Punjab Finance Minister Mujtaba Shuja-ur-Rehman […]
Punjab to unveil Rs5.3 trillion budget today
The Punjab government is set to present its budget for the fiscal year 2026-27 today, with a proposed outlay exceeding Rs5.3 trillion and no new taxes expected to be imposed on citizens. The budget will be presented during the 43rd session of the Punjab Assembly by Provincial Finance Minister Mian Mujtaba Shuja-ur-Rehman. Alongside the annual […]
Finance minister signals eventual end to super tax
ISLAMABAD: Finance Minister Muhammad Aurangzeb has indicated that the government intends to gradually phase out the super tax, describing its eventual elimination as a key policy objective. Speaking during a meeting of the Senate Standing Committee on Finance, the finance minister said the government’s direction was clear and focused on ending the super tax over […]