PAC-II Uncovers Financial Irregularities from PTI COVID-19 Era
PAC-II of Punjab Assembly reveals financial and administrative irregularities during PTI tenure, especially COVID-19. Committee orders expedited recoveries and compliance.
Category : Business
Five Killed, 23 Injured in Punjab Rain, Windstorm
At least five people died and 23 were injured in rain and windstorm-related incidents across Punjab in 24 hours, including lightning strikes, tree falls, and electrocution.
Punjab Govt Introduces Emissions Trading System
The Punjab government plans to implement an Emissions Trading System (ETS) to control industrial pollution and reduce smog, with incentives for low-polluting industries and penalties for violators.
Free Public Transport in Lahore Abolished from Today
The Punjab government has withdrawn free travel on Orange Line, Metro Bus, and Speedo bus services from June 13. The temporary relief measure was introduced due to rising petroleum prices.
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Punjab to Replace Fuel Buses with Electric Buses
Punjab Mass Transit Authority decides to replace fuel-powered buses with electric ones to reduce carbon emissions and provide clean, safe travel. Applications invited from companies.
Lahore Ring Road Service Areas: 20-Year Lease Plan
Lahore Ring Road Authority plans service areas at 6 locations with 20-year leases, extendable by 25 years, to provide modern facilities and boost revenue.
Rs 2 Billion for Margalla Avenue Link Road to M-1
The federal government allocated Rs 2 billion for the Margalla Avenue Link Road to M-1 in PSDP 2026-27, a 5.2 km six-lane project to provide a signal-free corridor and bypass inner-city traffic.
Multan Approves 40-Year WASA Master Plan for Sewerage
Commissioner Multan Division chaired a meeting to review a 40-year comprehensive master plan by WASA for future sewerage and water supply, focusing on underserved areas and modern wastewater treatment.
Armed Robbers Loot House in Dunyapur, Injure Man
Three armed robbers broke into a house in Dunyapur, stealing gold and cash worth millions, and critically injured a resident. Police registered a case but no arrests have been made.
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Muzaffargarh WASH Committee Reviews Clean Water Projects
Deputy Commissioner chairs meeting to review WASH program progress, emphasizes safe drinking water and sanitation initiatives under CM Maryam Nawaz Sharif's vision.
Salt Iodization Unit at District Jail Vehari
District Jail Vehari will establish a salt iodization unit to provide quality iodized salt to inmates, preventing iodine deficiency diseases. A meeting chaired by Superintendent Aftab Ahmad Bajwa discussed the initiative with Punjab Food Authority and Nut
Muzaffargarh Crackdown: Leather Traders Fined and Sealed
Assistant Commissioner Muhammad Iqbal Lang led a crackdown on leather traders in Mazhar Market, imposing fines and sealing shops for environmental violations. Residents applauded the action.
Anti-Corruption Arrests SI for Withholding Recovered Motorcycle
Anti-Corruption Establishment arrests Sub-Inspector Saeed Ahmed Dasti for failing to return a recovered stolen motorcycle per court orders; High Court dismissed his bail plea.
Endangered Asian Elephant Calf Born at UK Zoo
An endangered Asian elephant calf was born at Whipsnade Zoo in Bedfordshire, UK. The male calf, weighing 110kg, is a vital addition to the European breeding programme.
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Pakistan Budget 2026-27: Rs18.77 Trillion Outlay Amid Protests
Pakistan's PML-N government presented Rs18.77 trillion budget for 2026-27 with 4% growth target, tax relief, and pay hikes, amid opposition protests in National Assembly.
CAP Chairman Welcomes Budget 2026-27 Measures
Chairman Consumers Association of Pakistan, Kaukab Iqbal, praised the Federal Budget 2026-27 for promoting economic growth, industrial development, and digital transformation, urging benefits to consumers.
SAI President: Export Tax Cut Modest, Unmet Demands Remain
Abdul Rehman Fudda, SAI president, terms export withholding tax reduction to 1.25% a modest relief, but notes unresolved issues like refunds, high tariffs, and penalty regime.
ChildLife Foundation Heat Warning; inDrive Appoints CFO
ChildLife Foundation advises parents to protect children from heatwave risks. inDrive appoints Abhey Lamba as Global CFO, reporting strong growth in Pakistan.
Karachi Police Seize 24kg Hashish in Drug Bust
Shah Latif Police in Karachi arrested three suspects and recovered 24kg of high-quality hashish worth millions, concealed in a rickshaw. The drugs were smuggled from Peshawar.
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Pakistan Cuts Petrol by Rs 4, Diesel by Rs 2
The federal government reduced petrol prices by Rs 4 per litre and diesel by Rs 2 per litre, marking the fifth consecutive reduction. New prices effective from June 13.
Gold Prices Surge Rs7,250 Per Tola in Pakistan on Friday
Gold prices in Pakistan saw a sharp increase on Friday, with 24k gold rising by Rs7,250 per tola to Rs439,966. International gold also climbed $72.50 to $4,175.30 per ounce.
PSX KSE-100 Index Surges 2,696 Points, Closes at 172,399
The PSX KSE-100 Index gained 2,696 points on Friday, closing at 172,399.90. Trading volume increased to 890.797 million shares with market cap rising to Rs19.120 trillion.
OICCI Welcomes Budget 2026-27, Flags Informal Economy Concerns
OICCI welcomes the Federal Budget 2026-27, noting fiscal restraint and structural reforms. It highlights the informal economy's growth, welcomes super tax rationalization, and urges broader corporate tax cuts and refund mechanisms.
Pakistan's Weekly Inflation Edges Up 0.16% in June 2026
Pakistan's weekly inflation rose by 0.16% for the week ended June 11, 2026, with SPI reaching 356.11 points. Year-on-year, inflation increased by 15.06%.
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Govt Cuts Subsidies to Rs1.091 Trillion for Next Fiscal Year
The federal government has reduced subsidies to Rs1.091 trillion for FY26-27, a 5.7% cut from the revised Rs1.157 trillion, following IMF directives. Power sector subsidies are slashed despite being the largest recipient.
Pakistan Sets Rs15.26 Trillion FBR Tax Target for FY2026-27
Pakistan's federal government has announced a challenging tax collection target of Rs15.26 trillion for FBR in FY2026-27, with new revenue measures worth Rs650 billion, including taxes on retail items, property, and digital content creators.
Water Sector PSDP Allocation Slashed to Rs103 Billion
Pakistan reduces PSDP allocation for water resources to Rs103 billion for 2026-27, a 22.6% drop from Rs133 billion, raising concerns over water security and infrastructure.
Pakistan Boosts BISP Budget by 17% to Rs838 Billion
Pakistan's federal government proposes a 17% increase in BISP funding to Rs838 billion for FY 2026-27, covering 12 million families and 9.2 million children with scholarships.
Rs19.58bn Allocated for IT, Telecom Schemes Including Smart Islamabad
Pakistan allocates Rs19.58 billion for 13 IT and telecom projects, including Smart Islamabad Initiative, National AI Ecosystem, and Pakawaz Secure Mobile Communication.
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Digitalising National Savings: A Step Towards Efficiency
The government's plan to digitalise the Central Directorate of National Savings aims to eliminate archaic paperwork, improve fiscal data accuracy, and enhance user experience, but success hinges on a user-friendly interface.
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