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Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

SINGAPORE: Oil prices jumped on Thursday as Tehran declared the critical energy chokepoint, the Strait of Hormuz, closed ‌after the…
Govt extends austerity measures till June 30, revises business timings

Govt extends austerity measures till June 30, revises business timings

ISLAMABAD: The federal government on Wednesday extended its austerity drive and fuel conservation measures until June 30, while also revising…
Provinces agree to provide additional NFC share to federal government

Provinces agree to provide additional NFC share to federal government

ISLAMABAD: Provinces have agreed to provide an additional share of the National Finance Commission (NFC) resources to the federal government,…
BISP quarterly installment to be increased to Rs18,000 from next fiscal year

BISP quarterly installment to be increased to Rs18,000 from next fiscal year

ISLAMABAD: The government has decided to increase the quarterly installment of the Benazir Income Support Programme (BISP) to Rs18,000 from…
Govt plans major tax relief for salaried class in upcoming budget

Govt plans major tax relief for salaried class in upcoming budget

ISLAMABAD: The government is preparing a major tax relief package for the salaried class in the upcoming federal budget, with…
Pakistan’s total debt swells to Rs81,900b

Pakistan’s total debt swells to Rs81,900b

The Government of Pakistan’s total debt swelled to Rs81,900 billion till April 2026, it was reported on Wednesday. According to…
Pakistan to release National Economic Survey 2025-26 tomorrow

Pakistan to release National Economic Survey 2025-26 tomorrow

The federal government is set to release the National Economic Survey for the fiscal year 2025-26 on 11 June (Thursday),…
Crackdown against industrial units in residential areas across Punjab ordered

Crackdown against industrial units in residential areas across Punjab ordered

The provincial government has decided to launch a province-wide crackdown on illegal industrial units operating in residential areas, including Lahore,…
Punjab allocates over Rs300m for women’s textile programme

Punjab allocates over Rs300m for women’s textile programme

The Punjab government has allocated more than Rs300 million for the expansion of the ‘She Threads’ initiative, a programme launched…
Pakistan remittances hit $4.3bn in May: SBP

Pakistan remittances hit $4.3bn in May: SBP

Workers’ remittances to Pakistan reached $4.3 billion in May, showing a significant increase on both monthly and yearly bases, according…
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