According to details, a significant decline in the policy rate is expected to reduce expenditure on loans and interest payments by approximately Rs1,300 billion in budget 2025-26. Sources suggest that the size of the upcoming federal budget could be around Rs17.8 trillion, which is Rs 900 billion less than the current fiscal year’s budget of […]
Residents of Karachi are enduring up to 12 hours of load shedding daily in the sweltering summer heat, despite paying some of the highest electricity rates in the country. The combination of extreme temperatures and unannounced power outages has made life increasingly difficult for Karachiites. Speaking on the program Off the Record, Moonis Alvi admitted […]
As per details, Prime Minister Shehbaz Sharif is set to preside the National Economic Council meeting, which will focus on approving the national development budget, Public Sector Development Programme (PSDP), and macroeconomic targets for the upcoming fiscal year 2025-26, with representatives from the federal and provincial governments, including all four chief ministers, in attendance. The […]
According to data released by All Pakistan Cement Manufacturers Association, domestic cement sales declined by 1.94 per cent during the first eleven months of the current fiscal year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Local consumption fell from 35.1 million tonnes between July 2023 and May 2024 to 34.4 […]
More than 135,000 Afghans left Pakistan in April, while the number dropped to 67,000 in May, and more than 3,000 were sent back in the first two days of June, according to the ministry. Millions of Afghans have poured into Pakistan over the past several decades, fleeing successive wars. Hundreds of thousands have come since […]
A sequence of multiple earthquake shocks jolted the port city’s Malir, Quaidabad, Landhi, and Gadap areas. The National Seismic Monitoring Centre, Pakistan, reported a maximum 3.6 intensity quake on the Richter scale to a minimum 2 magnitude jolt in Karachi since the first tremor on Sunday. Chief Meteorologist Ameer Haider stated that “the seismic energy […]
As per details, ISPR confirmed that 14 Indian-sponsored militants were killed during IBO in Datta Khel area of North Waziristan. The recovered cache included weapons and ammunition from the slain militants. Following the engagement, a clearance operation is underway in the region to eliminate any remaining threats. The ISPR asserted that security forces remain fully […]
According to details, the case has been filed against former NADRA Chairman Tariq Malik, former Chief Project Director Gohar Ahmed Khan, and 11 other officials. The action was taken on the Interior Ministry’s directives following a report by Transparency International highlighting major discrepancies in the procurement process. The accused officials are alleged to have violated […]
The meeting took place against the backdrop of rising regional tensions in South Asia following the Pahalgam incident and the subsequent escalation of hostilities. Mr. Bilawal Bhutto apprised the President of the General Assembly of the deteriorating regional security situation following the Pahalgam incident. He conveyed Pakistan’s grave concern over India’s hasty and unfounded accusations […]
The meeting was part of Pakistan’s ongoing diplomatic outreach following the recent Indian military provocations and escalating regional tensions. During the meeting, Bilawal Bhutto presented the letter of the Prime Minister of Pakistan to the Secretary-General. He commended the Secretary-General’s efforts and statements on the importance of restraint, dialogue, and diplomacy. Bilawal briefed the Secretary-General […]
