Simplified tax scheme aims to expand tax base, formalise retail sector and increase revenue collection
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
-
PM Shehbaz signs historic US-Iran peace accord as Pakistan mediates breakthrough
Islamabad Memorandum of Understanding formally signed by US and Iranian presidents, marking a major diplomatic achievement for Pakistan.
(more…) -
ADB Greenlights $700 Million Loan for Pakistan Insurance Sector
Loan to Support Insurance Reforms and Financial Resilience
ISLAMABAD: The Asian Development Bank (ADB) has approved a US$700 million policy-based loan to support structural reforms in Pakistan’s insurance sector, aiming to broaden coverage, strengthen financial protection and deepen capital markets.
(more…) -
Sindh Unveils Rs3.56 Trillion Budget with Salary Hike, No New Taxes
Rs750 billion development programme highlights focus on infrastructure and public welfare
KARACHI, June 17, 2026 — Sindh Chief Minister Syed Murad Ali Shah on Wednesday unveiled a Rs3.562 trillion budget for fiscal year 2026-27, proposing a 7% increase in salaries and pensions for government employees while refraining from imposing any new taxes.
(more…) -
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
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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
(more…)