Pakistan Budgets Perpetuate Economic Stagnation
Pakistan's annual budget cycle offers little new, with predictable narratives and unsustainable promises. Health and education spending remains at 1.6% of GDP, while elite tax evasion persists.
Category : Business
Ancient Indus Valley Tribes Still Thrive in Modern Pakistan
Explore how Bhils, Kolhis, Meghwars, and other indigenous communities of Sindh preserve the legacy of the Indus Valley Civilization through their culture, trades, and traditions.
Oil Prices Drop, Markets Surge on US-Iran Hormuz Deal
Oil prices fell sharply while global stocks surged after the US and Iran agreed to reopen the Strait of Hormuz, easing geopolitical tensions and inflation fears.
Govt Refuses to Share Rs360 Billion Tax Relief Cost with Panel
The government refused to disclose the cost of the tax relief package to the National Assembly Standing Committee on Finance, but the committee chairperson estimated it at around Rs360 billion.
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Electric Bikes Gain Traction in Lahore Amid Fuel Price Hikes
Electric bikes and scooters are becoming popular in Lahore as a cost-effective alternative to petrol vehicles, but high battery costs and limited charging infrastructure hinder adoption.
Danish Delegation Reviews Wastewater Plant in Faisalabad
A delegation from Denmark's DANIDA visited Faisalabad to review progress on the Eastern Wastewater Treatment Plant, a major project to improve wastewater treatment and reduce pollution.
World Bank projects progress in Khanewal
Long-delayed development projects in Khanewal, supported by the World Bank and Punjab government, are advancing to improve civic amenities, sanitation, and infrastructure across the district.
Lahore Traffic Plan to Ease Defence Mor Congestion
Lahore CTO unveils plan to widen turning lane at Defence Mor from 22 to 33 feet, boosting capacity from 6,000 to 9,000 vehicles per hour and raising speeds to 40-45 km/h.
Sindh CM Orders Crackdown on Wheat Hoarding
Sindh Chief Minister Murad Ali Shah directs strict action against wheat hoarding and orders effective monitoring to stabilize prices, reviewing procurement progress and stock surveys.
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Govt to Install Vessel Monitoring Systems on Fishing Boats
The federal government has finalized a plan to install Vessel Monitoring Systems on fishing boats to enhance maritime security and curb illegal activities at sea, overseen by PMSA.
Police Submit Challan Against Cocaine Queen Anmol
Police submitted a preliminary challan against alleged 'Cocaine Queen' Anmol, alias Pinky, detailing a drug network between Karachi and Lahore, with 16 witnesses and multiple arrests.
Karachi to See Gusty Winds and Light Rain
Karachi braces for gusty winds and light rain as Met Office predicts partly cloudy, hot, and humid conditions with temperatures between 34-36°C.
Seawater Intrusion Displaces Hundreds in Keti Bandar
A breach in a protective embankment in Keti Bandar has led to seawater flooding several villages, displacing hundreds of families and disrupting daily life.
MUTA Demands Doubling of HEC Budget, Warns of Protests
Mehran University Teachers Association criticizes federal budget for neglecting higher education, demands doubling HEC grant to Rs130 billion and 4% GDP spending on education, warns of protests.
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Rawalpindi Garbage Dump Sparks Health Crisis
A new garbage dump in Rawalpindi's Sunday Bazaar has led to conjunctivitis, skin infections, and pest infestations. Residents demand spraying and relocation.
Balochistan WPC Accelerates Acid Attack Legislation
The Women's Parliamentary Caucus in Balochistan has decided to fast-track legislation to prevent acid attacks, strengthen laws, and ensure justice and rehabilitation for victims, forming a joint review committee.
Peshawar Students Protest Against Fee Hike in Colleges
Students from government colleges in Peshawar protested against a fee hike of over Rs4,000 per semester, citing lack of sports facilities and injustice to poor students.
Balochistan Finalizes Rs1,200 Billion Surplus Budget for FY 2026-27
Balochistan government finalizes a Rs1,200 billion surplus budget for FY 2026-27, prioritizing education with over Rs150 billion allocation, the largest in history.
Inflation Surge Hits Open Market After Budget
A new wave of inflation has hit the open market after the federal budget, with essential commodities like pulses, vegetables, and chicken becoming more expensive.
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Punjab Higher Education to Operate Under PPP Model
The Punjab government has decided to run higher education institutions under a Public-Private Partnership model, forming a 13-member committee to oversee implementation.
Spain gets nearly 1M migrant applications under legalization plan
Spain's government received about 900,000 applications from undocumented migrants seeking legal status, far exceeding the initial estimate of 500,000, as the program aims to integrate them into the labor market.
PMD Forecasts Widespread Storms and Rain from June 16-20
The Pakistan Meteorological Department forecasts dust storms, windstorms, and rain-thunderstorms across the country from June 16 to 20 due to a westerly wave and moist currents from the Arabian Sea.
SBP Holds Policy Rate at 11.5% as Inflation Persists
The State Bank of Pakistan maintained its benchmark policy rate at 11.5%, citing persistent inflation, US-Iran war uncertainty, and a stable macroeconomic outlook.
Business Bodies Slam SBP for Keeping Policy Rate at 11.5%
FPCCI, KCCI, and KATI criticize the State Bank's decision to keep the policy rate unchanged at 11.5%, urging a single-digit rate to boost economic growth and exports.
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Pakistan, Alibaba Discuss DigiSME Initiative for SMEs
Haroon Akhtar Khan met Alibaba.com delegation to discuss DigiSME Pakistan initiative, AI solutions for SMEs, and enhancing Pakistan's digital economy and export potential.
Minister Opposes 30-Year Lease Extension for Engro Vopak Terminal
Investment Minister Qaiser Sheikh criticizes the 30-year lease extension for Engro VoPak Terminal, citing violation of public procurement rules and potential harm to petrochemical industries.
Oil Prices Plunge Over $4 on US-Iran MoU
Oil prices slumped to a three-month low after Trump announced a US-Iran MoU to end the war and reopen the Strait of Hormuz. Brent fell 4.71% to $83.22.
Pakistan's Policies Cost More Than US-China Trade War
A new study by Lahore School of Economics reveals that Pakistan's domestic policy uncertainty, especially from the Finance Act 2024, costs hundreds of millions in export losses monthly, dwarfing the impact of the US-China trade war.
Chinese Investors Reaffirm Commitment to Pakistan Markets
Chinese investors, led by CFFEX, reaffirm long-term commitment to Pakistan's capital markets after SECP resolves key regulatory matters, paving way for increased investment and deeper cooperation.
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Service Long March Tyres Listed at PSX, 11th IPO This Year
Service Long March Tyres Limited listed at PSX, marking the 11th IPO of the fiscal year, the highest in nearly two decades. Finance Minister Aurangzeb highlights investor confidence.
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