Banks set to pocket Rs7 trillion as government debt bill explodes despite falling interest rates
Domestic debt servicing jumps to nearly Rs7 trillion as years of heavy government borrowing deliver another record payday for banks
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Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
Record Remittances Push Pakistan’s Current Account Into Surplus in May 2026
Current account posts $459 million surplus as remittances hit all-time high ISLAMABAD, June 17, 2026 — Pakistan’s current account swung to a surplus of $459 million in May 2026, reversing a deficit of $276 million recorded in April, as record-high remittances and lower imports strengthened the country’s external position.
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Punjab Unveils Rs5.9 Trillion Budget for FY2026-27, Boosts Development Spending
Education, health and infrastructure receive major allocations in pro-growth budget LAHORE, June 16, 2026 — The Punjab government on Tuesday unveiled a Rs5.903 trillion budget for fiscal year 2026-27, increasing overall spending by 10.7 percent from the previous year and allocating higher funds for development, education, healthcare and public welfare programmes.
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Pakistan to host historic US-Iran peace deal signing in Geneva on June 19: PM Shehbaz
Prime Minister Shehbaz Sharif hails the accord as a historic victory for peace, diplomacy and Pakistan’s global standing.
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FBR moves against billions lost through misuse of life insurance policies
Finance Bill 2026 introduces new taxes on early life insurance payouts to curb misuse of policies for tax arbitrage.
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Budget 2026-27 sets direction towards growth: Aurangzeb
Finance minister highlights tax relief, concessional financing and tariff reforms as pillars of Pakistan’s growth strategy
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Pakistan Unveils Rs18.771 Trillion Budget for FY 2026-27
Government shifts from stabilization to expansion with tax cuts, digital reforms, and investment-driven economic strategy
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Budget 2026-27: Pakistan Targets 4% GDP Growth with Rs3.675 Trillion Development Plan
Government projects $3.8 billion current account surplus, stronger exports, higher remittances and increased investment in FY27
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FBR blocks sales tax refund claims worth Rs9.8 billion
The Federal Board of Revenue’s transformation plan yields rapid results, doubling tax return filings and exposing massive fraudulent activities.
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Aurangzeb launches Pakistan Economic Survey 2025–26: GDP grows 3.70%
Finance Minister Mohammad Aurangzeb unveils the annual economic document, highlighting improved fiscal discipline, robust remittances, and structural reforms
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