Pakistan Sees Economic Upside After Iran War End
Finance Minister Aurangzeb says Pakistan's economic projections for FY27 could improve after the Iran war ends, but it's too early to revise the budget. Energy supply chains need time to recover.
Category : Business
PSX Hits New Record, KSE-100 Crosses 180,000 Mark
Pakistan Stock Exchange extended its rally, with KSE-100 index gaining 3,353 points to close at 180,392.98, driven by investor confidence in economic outlook and easing geopolitical tensions.
Pakistan Jewellers Strike Against FBR Tax Demands
Pakistani jewellers launched a nationwide strike against FBR's alleged harassment and unjust tax demands, shutting down shops in major cities. They reject black laws and demand resolution.
SBP Holds Policy Rate at 11.5% Amid Economic Uncertainty
The State Bank of Pakistan keeps the policy rate unchanged at 11.5%, citing caution amid global and local economic challenges, though rates have dropped 1,150 bps since June 2024.
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Pakistan's Multidimensional Poverty Crisis Deepens Beyond Income
Nearly 38% of Pakistanis face multidimensional poverty, with education, climate shocks, and digital exclusion driving deprivation beyond income measures.
Strait of Hormuz Traffic to Rise Gradually After US-Iran Deal
Ship traffic in the Strait of Hormuz will increase gradually after the US-Iran peace deal, but pre-war levels may take months due to mine threats and uncertainties.
Punjab Unveils Pro-People Budget Worth Over Rs5,903bn
Punjab government presented a pro-people budget of Rs5,903bn, with salary hikes, pension increases, and no new taxes. Focus on public welfare and development.
EU Parliament Backs US Trade Deal with Protective Measures
The European Parliament voted to implement the EU-US trade agreement, reducing tariffs on industrial goods and seafood while adding safeguards to protect European industry and agriculture.
Yum Brands Sells Pizza Hut for $2.7 Billion Amidst Challenges
Yum Brands sells Pizza Hut for $2.7 billion to Yum China and LongRange Capital, as the chain struggles with competition and declining sales.
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Pakistan's UNESCO Heritage Strategy: Challenges and Path Forward
Pakistan ranks 58th globally with only 6 UNESCO sites since 1997, despite 26 on tentative list. Weak management, lack of coordination, and devolution issues hinder progress.
Fruit Juice Council Urges Tax Relief for Mango Industry
Fruit Juice Council calls for tax cuts on fruit juices to revive mango production, reduce unsafe beverages, and support farmers as high taxes shrink formal sector.
Railways Key to Fighting Climate Change and Future Transport
Rail transport offers a vital solution to climate change by reducing emissions through modal shift, urban transit, and freight efficiency, benefiting both environment and economy.
Kenya's Coral Reefs Show Resilience Amid Climate Change
A new study reveals that a third of the world's coral reefs are climate-resilient, with Kenya's reefs showing remarkable recovery after bleaching events.
Punjab Unveils Rs5.335 Trillion Budget for FY 2026-27
Punjab Finance Minister presented a Rs5.335 trillion provincial budget for FY 2026-27, approved by CM Maryam Nawaz, with no new taxes and a focus on public welfare.
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Pakistan Economy Out of ICU, Can Achieve 6-7% Growth
Defence Minister Khawaja Asif says Pakistan's economy is recovering, with potential 6-7% growth. He highlights diplomatic success with US-Iran, stresses need for tax base expansion, and addresses Balochistan security.
Sindh Approves Scholarships for Over 8,500 Students Under SEEF
Sindh government approves SEEF scholarships for 2,662 new and 5,853 renewal students for 2024-25, with a total fund of Rs. 12.617 billion.
PSDF, MRC Pakistan Partner for Safe Migration Pathways
PSDF and MRC Pakistan signed an MoU to provide pre-departure counselling, awareness workshops, and guidance on migration rights, aiming to facilitate safe and legal overseas employment for skilled youth.
US Military Assists 7M Barrels of Oil Daily from Arabian Gulf
US Energy Secretary Chris Wright says US military is helping move about 7 million barrels of oil per day out of the Arabian Gulf, half the flow stuck since US-Israeli war with Iran.
Education to Boost National Values: Saudi Officials Meet
Saudi human rights and curriculum officials discussed integrating national values and rights culture into education to enhance student character and behaviors.
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Saudi fabric crowns Azteca Stadium for 2026 World Cup
FPC Industries supplied over 4,000 sq. meters of PVC fabric for the iconic 'Red Crown' canopy at Mexico's Azteca Stadium, marking a milestone for Saudi manufacturing.
KSrelief distributes food baskets in Mali, aids Yemen
Saudi aid agency KSrelief distributes 300 food baskets in Mali and provides 1,559 services in Yemen, benefiting thousands.
Heat Accelerates Shift to Smarter Farming in MENA
Rising temperatures are driving a structural shift in MENA agriculture, with Saudi Arabia and other countries adopting controlled-environment farming to combat heat stress and water scarcity.
Pakistan Boosts Defense Budget 18% Amid Regional Security Challenges
Pakistan increases defense budget by 18% to Rs3 trillion ($10.8 billion) for FY2026-27, citing regional threats and modernization needs.
Britain to Ban Russian Diesel and Jet Fuel by 2027
Britain announced a full ban on Russian diesel and jet fuel by 2027, ending a temporary license that allowed imports due to supply issues from the Iran war.
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Scientists Decipher Ancient Origins of the Euphrates River
Researchers have discovered that the Euphrates River formed between 3.6 and 1.6 million years ago from the merger of two ancient river systems due to tectonic activity in the Taurus Mountains.
SpaceX IPO Soars, Musk Becomes First Trillionaire
SpaceX shares surged over 19% in its Wall Street debut, giving Elon Musk a net worth of $1.1 trillion and making him the world's first trillionaire.
US Clears Paramount's $111 Billion Warner Bros. Takeover
The US Justice Department approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without conditions, but states may sue.
Early Date Harvest in Al-Ahsa Markets: Over 20 Varieties
The first fresh date harvest of the season has arrived in Al-Ahsa central markets, featuring over 20 varieties from 2 million palm trees. Authorities launch initiatives to support farmers and ensure market stability.
Pakistan Cuts Petrol by Rs4, Diesel by Rs2 as Oil Retreats
Pakistan reduced petrol by Rs4 and diesel by Rs2 per liter due to falling global oil prices amid hopes of a US-Iran deal easing Strait of Hormuz disruptions.
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Pakistan Budget Aims to Attract Investment Amid Hormuz Tensions
Commerce Minister Jam Kamal Khan says new budget and tariff reforms aim to boost foreign investment, while warning that tensions around the Strait of Hormuz continue to affect regional trade.
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