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Govt imposes excise duty on imported vehicles, luxury SUVs in budget measures
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday announced the imposition of a Federal Excise Duty (FED) on imported vehicles as part of the government's new fiscal measures unveiled in the federal budget.
Presenting…
Rs46bn allocated for higher education, Rs22bn earmarked for Danish Schools in budget
ISLAMABAD: The federal government has allocated Rs46 billion for the higher education sector in the budget for fiscal year 2026-27, with significant funding earmarked for digital learning, artificial intelligence initiatives and…
Govt announces 7% increase in salaries and pensions, offers tax relief to salaried class
ISLAMABAD: The federal government on Friday announced a 7% increase in salaries and pensions for government employees as part of the Rs18.771 trillion budget for fiscal year 2026-27, while also unveiling a series of tax relief…
Defence budget raised to Rs3 trillion as government cites security and economic priorities
ISLAMABAD: The federal government has allocated Rs3 trillion for defence in the budget for fiscal year 2026-27, with Finance Minister Muhammad Aurangzeb saying the move is aimed at strengthening Pakistan’s security and making…
Pakistan Army wins top honours at international military competition in UK
RAWALPINDI: The Pakistan Army team, represented by the Pakistan Military Academy (PMA), secured first position at the International Pacesticking Competition 2026 held at the prestigious Royal Military Academy Sandhurst in the…
Pakistan says final text of US-Iran peace deal agreed
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Friday that the final text of a proposed peace agreement between the United States and Iran had been agreed upon, describing the development as a major breakthrough in…
US plans major reduction in military assets for Nato in Europe: report
WASHINGTON: The United States is planning a significant reduction in the military assets it provides to Nato in Europe, according to a report published by the New York Times, as European allies accelerate efforts to…
Iran closes Strait of Hormuz as US-Iran tensions escalate
WASHINGTON: Iran’s newly established Persian Gulf Strait Authority (PGSA) on Thursday announced the complete closure of the Strait of Hormuz, citing heightened tensions with the United States following what it described as…
Punjab launches 50,000 electric bike-sharing project in Lahore under green mobility plan
LAHORE: The Punjab government has signed a green mobility agreement with the private sector to introduce a large-scale electric bike-sharing programme in Lahore, aimed at reducing air pollution and modernising urban…
Pakistan economy grows 3.7% in FY2025-26 despite global challenges, says Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday said Pakistan's economy demonstrated resilience during fiscal year 2025-26 despite global trade uncertainty, devastating floods and regional geopolitical tensions,…