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Author: Mrs. Anjum Shahnawaz

budget proposals

LCCI presents 2026-27 budget proposals to Finance Minister Aurangzeb

May 8, 2026May 8, 2026Mrs. Anjum Shahnawaz

The Lahore Chamber of Commerce and Industry presented its budget proposals for the fiscal year 2026-27 to Muhammad Aurangzeb during a meeting focused on economic reforms, industrial revival and export growth.

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Finance Ministry 02

MoF expands Treasury Single Account to 66 new entities

May 7, 2026May 7, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 7, 2026 — The Ministry of Finance (MoF) has expanded the coverage of Pakistan’s Treasury Single Account (TSA) framework by adding 66 new public entities, according to an official circular issued on Thursday.

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Supreme Court of Pakistan

Pakistan apex court strikes down tax on deemed property income

May 7, 2026May 7, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.

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Pakistan Iran

Pakistan and Iran discuss railway cooperation, regional connectivity

May 7, 2026May 7, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 7, 2026 — Pakistan and Iran on Thursday discussed expanding railway cooperation and strengthening regional connectivity during a meeting between Pakistan’s federal minister for railways and Iranian Ambassador Reza Amiri Moghadam.

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Muhammad Aurangzeb

Pakistan Accesses $700m Climate Finance, Eyes Green Bonds: Aurangzeb

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 — Finance Minister Muhammad Aurangzeb said on Wednesday that Pakistan currently has access to around $600 to $700 million in climate finance and is pursuing diversified funding avenues to support climate resilience and energy transition goals.

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Pakistan Weather

PMD issues heatwave alert for Sindh, warns temperatures up to 49°C

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

KARACHI, May 6, 2026 — The Pakistan Meteorological Department on Wednesday issued a fresh heatwave alert for Sindh, warning that temperatures in several districts may rise as high as 49°C between May 7 and May 11.

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solar electricity

Pakistan plans 500MW floating solar project at Keenjhar Lake

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 — The government has planned a 500-megawatt floating solar power project at Keenjhar Lake in Sindh to generate clean electricity and reduce dependence on imported fossil fuels, official sources said.

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PM Sharif Parliament

Shehbaz Sharif says Pakistan key force in Iran-US diplomatic engagement

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 — Prime Minister Shehbaz Sharif on Wednesday said Pakistan has emerged as a key force for peace and stability in the region, crediting its diplomatic efforts for facilitating unprecedented engagement between Iran and the United States.

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Pakistan US flags

US closes Peshawar consulate, moves responsibilities to Islamabad embassy

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

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.

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Finance Minister Aurangzeb

Aurangzeb terms CMDF launch milestone for capital market development

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

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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