Pakistan Poised for Economic Take-Off: PM Shehbaz
Prime Minister Shehbaz Sharif on Tuesday declared that Pakistan’s economy is back on track and entering a “take-off position,” crediting the sacrifices of the salaried class and the efforts of government institutions for recent economic gains. While chairing a federal cabinet meeting in
Malir Jail Break: 225 Inmates Confirmed to Have Escaped, 146 Recaptured So Far
Authorities have confirmed that 225 inmates escaped from Malir Jail during a brazen jailbreak on June 3, revising the original count of 216. According to prison officials, a comprehensive audit conducted by the new jail administration uncovered that nine additional prisoners were unaccounted
Israeli Attacks Kill 37 Palestinians in Gaza, Including 19 at Aid Distribution Site
At least 37 Palestinians were killed and more than 200 others injured across the Gaza Strip on Tuesday, as Israeli forces intensified their attacks in various areas of the enclave. Among the fatalities were 19 civilians shot near an Israeli-backed aid distribution point,
High Courts Without Permanent Chief Justices Amid Growing Judicial Adhocism
Pakistan’s superior judiciary continues to grapple with a deepening crisis of leadership, as several high courts remain without permanent chief justices. The delay, widely viewed as a result of increasing executive influence and judicial adhocism following the 26th Constitutional Amendment, has drawn concern
PIA Begins Post-Hajj Flights, Over 115,000 Pakistani Pilgrims Returning Home
Pakistan International Airlines (PIA) has officially commenced its post-Hajj flight operation for 2025, with the first return flight PK-732 departing from Jeddah on Tuesday evening. The flight, carrying 307 pilgrims, left King Abdulaziz International Airport at 8:50 PM local time and is scheduled
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
