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ISLAMABAD: Faced with mounting security challenges on both its eastern and western frontiers and the emergence of new forms of warfare, the federal government on Friday proposed a 17.6% increase in defence spending for the fiscal year 2026-27, signalling Islamabad’s growing concern over an increasingly complex regional security environment. The government allocated Rs3,010 billion for … Read more

• Tax revenue target raised to Rs15.26tr • Rs306b tax measures proposed • Rs360b tax relief announced • Provinces Finance Minister Muhammad Aurangzeb presents Budget 2026-27 in the National Assembly on Friday. — NATIONAL ASSEMBLY X ISLAMABAD: Backed by first-ever provincial grants of over Rs1 trillion, Finance Minister Muhammad Aurangzeb on Friday unveiled a Rs18.8 … Read more

ISLAMABAD/TEHRAN: Pakistan on Friday expressed mounting optimism for an elusive agreement, with Prime Minister Shehbaz Sharif said that the final text of a US-Iran peace deal had been agreed. “We can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to … Read more

ISLAMABAD: The government on Friday announced a Rs17 trillion tax collection target for the new fiscal year, including over Rs1.7 trillion through the petroleum levy, but also gave relief of Rs360 billion to the salaried class, real estate and businesses aimed at kick-starting the economy. The salaried class received Rs52 billion tax relief, while Rs115 … Read more

Punjab Chief Minister Maryam Nawaz Sharif chairs video link meeting to finalise cleanliness arrangements across province for Eidul Azha, May 23, 2026. SCREENGRAB LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has reiterated her commitment to eliminating child labour and ensuring a safe, dignified and prosperous future for children across the province. In a message on … Read more

I write this as a man, a teacher, and a member of a society where our daughters, students, sisters and female colleagues face harassment. I cannot fully understand the fear a woman carries in streets, offices, transport, family gatherings, or under an unsafe gaze. But I know this: the fear is real, the pain is … Read more

The federal government on Friday further cut the price of petrol by Rs4 per litre and that of high-speed diesel by Rs2 for the next week. According to a press release from the Petroleum Division, the new petrol price is Rs373.78, while HSD is Rs378.78 This marks the fifth consecutive reduction in fuel prices in … Read more

For all excitement surrounding IPO, determining what SpaceX is actually worth remains difficult valuation exercise Founder, CEO, Chairman, and Chief Engineer of SpaceX, Elon Musk, speaks via videolink on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York City, US, June 12, 2026. Photo: Reuters SpaceX jumped over 20% … Read more

Salaried employees can estimate their revised take-home salary using the Budget 2026-27 income tax calculator. During the budget speech in the National Assembly on Friday, Finance Minister Aurangzeb unveiled tax cuts for four income slabs and announced the abolition of the surcharge.

Brazil goalkeeper Alisson Becker speaks to reporters at the team’s World Cup base on Thursday. Photo: AFP LONDON: Brazil goalkeeper Alisson Becker insisted Thursday that doubts about the record five-time champions could work in the team’s favour at the World Cup as they prepare to get their campaign in North America up and running. “It is a … Read more