Aurangzeb Eyes Economic Turnaround Amid Questioned Growth Claims
Finance Minister Muhammad Aurangzeb on Monday expressed cautious optimism about Pakistan’s economic recovery, claiming the country is poised for an “economic turnaround” in the upcoming fiscal year, despite falling short of critical growth and revenue targets. Unveiling the Economic Survey of Pakistan 2024–25
Tax Exemption Costs Surge to Rs5.8 Trillion in FY2025 — Up 51% Despite Withdrawal Claims
In a startling revelation, the cost of tax exemptions in Pakistan skyrocketed to Rs5.8 trillion in the current fiscal year, marking a Rs1.96 trillion increase (51%) despite the government’s claims of rolling back many tax breaks. The figure, highlighted in the Economic Survey
Budget 2025-26: Pakistan Eyes $44.9B Exports, $39.4B Remittances; Current Account Deficit Capped at 0.5% of GDP
Pakistan has set ambitious economic targets in its Annual Development Plan for FY2025–26, with exports projected to reach $44.9 billion and remittances expected to contribute $39.4 billion. To manage external finances, the government aims to limit the current account deficit to just 0.5%
PBF Calls for Agricultural Emergency in Budget 2025–26 Amid Alarming Sector Decline
The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to declare an agricultural emergency in the upcoming 2025–26 federal budget, following what it terms the government’s failure to support the sector effectively. Reacting to the National Economic Survey 2024–25, PBF Chief
Budget 2025–26: Govt Eyes New Taxes on Vehicles Digital Income, Bakery Goods Relief for Salaried Class
As Pakistan prepares to announce its 2025–26 federal budget, key tax policy changes are expected, aiming to broaden the tax base under IMF guidelines while offering selective relief for salaried workers and key industries. New Taxes Proposed: Tax Relief Measures: Relief for Salaried
Budget 2025–26: Major Relief Expected for Construction Sector, Super Tax Cuts Likely
The upcoming Federal Budget 2025–26 is likely to offer tax relief to the construction and industrial sectors, with notable reductions in super tax and import duties, sources revealed on Monday. Over 3,500 imported items may see a reduction in additional regulatory duties, while
Trump Deploys National Guard to Los Angeles Amid Immigration Protests
President Donald Trump has deployed 2,000 National Guard troops to Los Angeles in response to escalating protests over immigration raids, with the Pentagon warning that active-duty military could follow if unrest continues. Defense Secretary Pete Hegseth said Marines at Camp Pendleton are on
With Rage and Humor, WorldPride Rally Targets Trump at Lincoln Memorial
Hundreds of LGBTQ+ people and allies gathered at the Lincoln Memorial in Washington, D.C., on Sunday as part of the WorldPride rally, voicing both anger and humor in protest against former President Donald Trump’s record on LGBTQ+ rights. The rally, held on the
Israeli Forces Seize Gaza Aid Boat Carrying Greta Thunberg
Israeli naval forces have intercepted and seized a humanitarian aid boat bound for Gaza, operated by the Freedom Flotilla Coalition and carrying climate activist Greta Thunberg along with 11 others. The British-flagged yacht ‘Madleen’ was attempting to break Israel’s naval blockade on Gaza
Russia Launches Record 479 Drones in Overnight Attack on Ukraine
In the largest aerial assault since the start of the war, Russia launched a record 479 drones at Ukraine overnight, according to Kyiv’s air force on Monday. The barrage, which affected multiple regions, marks a significant escalation in Moscow’s offensive as it continues
