Author: Mrs. Anjum Shahnawaz

  • Islamabad braces for hailstorm and heavy rainfall on June 4, 2026

    Islamabad braces for hailstorm and heavy rainfall on June 4, 2026

    PMD warns of thunderstorms, strong winds and possible hail as unstable weather system persists over northern Pakistan

    The Pakistan Meteorological Department (PMD) has forecast hailstorm and heavy rainfall for Islamabad on Thursday, warning of rain-windstorms and thunderstorms across the capital and surrounding regions.

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  • Top court questions Punjab’s royalty levy on cement production

    Top court questions Punjab’s royalty levy on cement production

    Bench observes royalty typically applies to minerals, not finished goods, and seeks Punjab government response

    ISLAMABAD, June 3, 2026 — The Federal Constitutional Court on Wednesday raised concerns over the Punjab government’s decision to impose royalty on cement production, questioning whether the levy amounts to a tax rather than a royalty.

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  • Pakistan, World Bank deepen partnership to boost human capital and jobs

    Pakistan, World Bank deepen partnership to boost human capital and jobs

    Discussions focus on health, education, skills development and job creation amid push for inclusive growth

    Pakistan and the World Bank Group have agreed to deepen cooperation on human capital development, skills training and job creation, as the government shifts focus from macroeconomic stabilisation to social sector outcomes, the Finance Division said on Wednesday.

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  • Business tycoons meet PM Shehbaz to discuss budget FY2026-27

    Business tycoons meet PM Shehbaz to discuss budget FY2026-27

    Business leaders urge growth-focused reforms as government finalizes budget proposals for FY2026-27

    Pakistan’s leading business leaders and industrialists met Prime Minister Shehbaz Sharif on Wednesday to discuss priorities and proposals for the federal budget FY2026-27, focusing on economic growth, exports, investment promotion and tax reforms.

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  • PIDE proposes Rs45,000 minimum wage for FY2026-27 under new framework

    PIDE proposes Rs45,000 minimum wage for FY2026-27 under new framework

    PIDE proposes hybrid wage-setting model linked to productivity, affordability and worker welfare

    The Pakistan Institute of Development Economics (PIDE) on Tuesday proposed raising the national minimum wage to Rs45,000 per month for fiscal year 2026-27 under a new evidence-based framework designed to reform wage determination and strengthen labour market governance.

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  • PM Shehbaz pushes technology reforms to boost investment growth

    PM Shehbaz pushes technology reforms to boost investment growth

    PM directs ministries to adopt modern technologies, boost industrial output and expand exports under wide-ranging economic reform agenda

    Prime Minister Muhammad Shehbaz Sharif has instructed all federal ministries to engage industry experts and technology specialists to support the integration of modern technologies into key sectors of the economy, as part of broader efforts to boost investment and accelerate industrial growth.

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  • Pakistan approves Track and Trace System for medicines to curb counterfeit drugs

    Pakistan approves Track and Trace System for medicines to curb counterfeit drugs

    Cabinet clears nationwide medicine tracking system to enhance patient safety and eliminate counterfeit drugs from the supply chain

    In a major reform for Pakistan’s healthcare sector, the federal cabinet has approved the nationwide rollout of a Track and Trace System for pharmaceutical products, introducing a digital mechanism designed to monitor medicines throughout the supply chain and curb the sale of counterfeit drugs.

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  • PM Shehbaz orders FBR to clear pending refunds by June 15, 2026

    PM Shehbaz orders FBR to clear pending refunds by June 15, 2026

    Prime Minister directs FBR to settle outstanding tax refunds within two weeks to improve business liquidity and investor confidence

    Prime Minister Muhammad Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) to clear all pending tax refund cases by June 15, 2026, in a significant move aimed at easing liquidity pressures on businesses and improving the investment climate.

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  • PMD issues nationwide thunderstorm alert as weather system approaches Pakistan

    PMD issues nationwide thunderstorm alert as weather system approaches Pakistan

    PMD warns of heavy rain, hailstorms and strong winds across Punjab, KP, Sindh, Balochistan, AJK and Gilgit-Baltistan from June 2 to June 5

    The Pakistan Meteorological Department (PMD) on Monday issued a nationwide weather alert, forecasting widespread dust-thunderstorm rain across large parts of the country from June 2 to June 5 and warning of heavy downpours, hailstorms, strong winds and potential damage to vulnerable infrastructure.

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  • SBP expands Naya Pakistan Certificates to SAR, AED with returns up to 12.75%

    SBP expands Naya Pakistan Certificates to SAR, AED with returns up to 12.75%

    State Bank introduces SAR and AED-denominated certificates to attract more investment from overseas Pakistanis in Gulf countries

    The State Bank of Pakistan (SBP) has expanded the Naya Pakistan Certificates (NPCs) scheme by introducing investment certificates denominated in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract greater participation from overseas Pakistanis residing in Gulf countries.

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