WASHINGTON/ISLAMABAD, May 6, 2026 — The United States has announced the phased closure of its Consulate General in Peshawar, citing security concerns and efforts to improve resource management, the U.S. State Department said on Tuesday.
(more…)Author: Mrs. Anjum Shahnawaz
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Aurangzeb terms CMDF launch milestone for capital market development
ISLAMABAD, May 6, 2026 — Finance Minister Muhammad Aurangzeb on Wednesday described the launch of the Capital Market Development Fund (CMDF) as a “milestone” and called for coordinated reforms to deepen and modernize Pakistan’s capital markets.
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Pakistan, US discuss boosting trade ties in virtual meeting
ISLAMABAD, May 6, 2026 — Pakistan and the United States discussed ways to enhance bilateral trade and advance ongoing negotiations during a virtual meeting between Jam Kamal Khan and Rick Switzer, officials said on Wednesday.
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Karachi Weather Outlook: Intense Heat Paired with Refreshing Afternoon Breezes
KARACHI – Residents of the metropolis are set to experience a week of high temperatures characterized by very warm daytime conditions and consistent afternoon relief. According to the latest data from AccuWeather, while the heat will be significant, there is currently no chance of a heatwave striking the city this week.
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Shehbaz orders strict action against power firms, pushes renewable reforms
ISLAMABAD, May 6, 2026 – Prime Minister Shehbaz Sharif has directed strict action against power distribution companies over regulatory violations, while emphasizing accelerated reforms in Pakistan’s energy sector.
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MUFAP Presents Budget 2026-27 Proposals in Meeting with Aurangzeb
ISLAMABAD, May 5, 2026 – The Mutual Funds Association of Pakistan (MUFAP) presented its budget proposals for 2026-27 in a meeting with Finance Minister Muhammad Aurangzeb, focusing on strengthening the mutual fund industry and enhancing the country’s savings framework.
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Insurance Sector Discusses Budget 2026-27 Proposals with Aurangzeb
ISLAMABAD, May 5, 2026 – Pakistan’s insurance sector held detailed consultations on budget proposals for 2026-27 with Finance Minister Muhammad Aurangzeb, focusing on taxation reforms and long-term sector development.
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FBR Plans Harsh Measures to Overcome Revenue Shortfall
ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) is preparing to introduce strict enforcement measures to boost revenue collection and reduce the widening shortfall in the ongoing fiscal year.
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DPM Reviews Security of Oil Refineries and Storage Facilities
ISLAMABAD, May 4, 2026 – Deputy Prime Minister (DPM) and Foreign Minister Senator Ishaq Dar on Monday chaired a high-level meeting of the Committee on Security Assessment of Oil Refineries and oil storage facilities across the country.
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Karachi Heatwave: Eight Dead as Temperature Soars to 44°C
KARACHI, May 4, 2026 – At least eight people have died in Karachi amid an intense heatwave, as temperatures surged to 44°C, marking one of the hottest days recorded in recent years.
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