The federal government has formed two anomaly committees to resolve business and technical ambiguities in the Finance Bill 2026. Javed Qureshi and Muhammad Raza will lead the committees, which must submit recommendations by June 20, 2026.
SM Tanveer, UBG Patron-in-Chief, welcomes Federal Budget 2026-27, citing tax relief, real estate incentives, and export support as key to accelerating economic recovery and investment.
Finance Minister announces complete removal of 18% sales tax on sanitary pads and contraceptives, a win for menstrual equity after years of activism.
Analyzing Pakistan's Budget 2026-27 through the lens of UDHR Article 29(1) and constitutional duties, revealing inequitable taxation and underinvestment in education and health.
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Islamabad Traffic Police processed over 160,000 driving licence applications and took legal action against more than 300,000 traffic violators in the last six months to improve road safety.
The Sarhad Chamber of Commerce criticizes the federal budget for lacking business relief, setting unrealistic revenue and growth targets, and ignoring KP's economic needs.
PAC-II of Punjab Assembly reveals financial and administrative irregularities during PTI tenure, especially COVID-19. Committee orders expedited recoveries and compliance.
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.
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.
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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.
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'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.
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.
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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Pakistan aims to borrow $23.38 billion in foreign economic assistance for FY2026-27, a 17.5% increase from the previous year, to maintain reserves and repay loans.
The federal government has allocated Rs2.403 billion to the Ministry of Law and Justice under PSDP 2026-27 for ongoing and new development schemes, including courts and tribunals complexes.
President Asif Ali Zardari signed the PIA Corporation Conversion Repeal Bill 2026, fulfilling all legal requirements for the privatization of Pakistan International Airlines Company Limited.
The federal government will transfer Rs8.8 trillion to four provinces under the NFC award in FY2026-27, an increase of Rs1.2 trillion from the previous year, with Punjab receiving the largest share.
Pakistan's federal budget for FY2026-27 totals Rs18.8 trillion, offering tax relief to salaried class and real estate, while increasing defense spending and borrowing Rs7 trillion.
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Pakistan's federal budget 2026-27 offers tax relief for salaried individuals, abolishes 9% surcharge, and grants 7% pay and pension increase for government employees.
Pakistan announced a Rs17 trillion tax target for FY26-27, with Rs52 billion relief for salaried class and Rs115 billion for real estate. New taxes on EVs, social media income, and hybrid vehicles.
The government's Blue Economy agenda for FY2026-27 targets doubling the national shipping fleet, upgrading ports, expanding fisheries, and exploring offshore energy, despite modest sector growth.
Pakistan's federal PSDP for 2026-27 is reduced to Rs1 trillion, with total development outlay at Rs3.675 trillion, despite government's growth narrative. Economists criticize fiscal prioritization.
OICCI welcomes parts of Federal Budget 2026-27 but raises concerns over informal economy growth from Rs9 trillion to Rs12 trillion. Business bodies criticise lack of export-led growth strategy.
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A cash van of SOS Security Company was robbed of Rs30 million in Karachi. Police suspect an inside job as the chief crew member allegedly facilitated the heist.
Finance Minister Aurangzeb says no new taxes in FY2026-27 budget, focusing on broadening tax net via compliance and enforcement.
A Texas man was sentenced to 10 years in prison for stealing over $300,000 in LEGO sets and other goods in a multi-state organized retail theft operation.
The Pakistani government has reduced petrol prices by Rs4 per litre and high-speed diesel by Rs2 per litre, effective from January 1, 2025, providing relief to consumers.
The UN's ILO adopted the first international agreement on Friday to protect digital platform workers in the gig economy, covering fair pay, social security, and labor rights for millions globally.
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SpaceX shares jumped over 20% on Nasdaq debut, lifting valuation above $2 trillion. The IPO raised $75 billion, making it the world's largest, as investors bet on Elon Musk's empire.
