Karachi Swelters in Extreme Heat During Eidul Azha
Karachi endured extreme heat and humidity throughout Eidul Azha, with temperatures hitting 37.1°C. In interior Sindh, Dadu broke a 10-year heat record at 51.5°C. Hot weather is forecast to persist.
Category : Business
Pakistan's Rs17.1 trillion FY27 budget targets 4.1% growth
Pakistan's federal government proposed a Rs17.1 trillion budget for FY27, targeting 4.1% GDP growth and 8.4% inflation. Defence spending set at Rs2,665 billion, with tax revenue target of Rs15,267 billion.
Iran War Sparks Global Bond Market Turmoil in May
Global bond markets experienced extreme volatility in May due to the Iran war, with yields hitting multi-decade highs before retreating on peace hopes and weak economic data.
Rising Exports Narrow US Goods Trade Deficit
Pakistan's exports to the US have increased, reducing the goods trade deficit. The trade gap narrowed by 12% in 2024, reflecting stronger export performance.
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When Knowledge Becomes a Business
Universities are increasingly treating education as a commercial product, turning students into consumers and weakening academic standards. This shift threatens intellectual growth, devalues grades, and widens social inequality.
PM Cuts Petrol and Diesel Prices by Rs22 per Liter
Prime Minister announces a major relief package, reducing petrol and diesel prices by Rs22 per liter, bringing significant savings for the public.
Karachi Faces Hot and Humid Night as Temperatures Rise
Karachi recorded a minimum temperature of 30°C with high humidity, while Dadu in rural Sindh remained the hottest area, breaking a decade-old heat record.
Punjab faces severe heatwave threat during Eid holidays
Punjab is bracing for a severe heatwave during Eid-ul-Adha, with temperatures expected to soar up to 50°C in southern districts. PDMA issues safety guidelines.
Shahid Imran Urges Regional Trade Boost for Economy
Shahid Imran emphasizes enhancing regional trade to strengthen Pakistan's economy, citing benefits of reduced reliance on imports and increased exports.
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Jonas Brothers Restaurant Closes Las Vegas Venue
The Jonas Brothers' family-run Italian restaurant in Las Vegas has permanently closed, marking the end of their culinary venture in Sin City.
Kisan Board demands tobacco surplus purchase mechanism
Kisan Board convention demands effective mechanism for purchasing over 100 million kg surplus tobacco, warns of protest if companies fail to change policies.
7-Eleven Japan Founder Toshifumi Suzuki Dies at 93
Toshifumi Suzuki, the visionary founder of 7-Eleven Japan, passed away at 93. He revolutionized convenience stores in Japan and globally.
EU Plans to Fine Google High Triple-Digit Million Sum
The European Union is preparing to impose a significant fine on Google, potentially reaching a high triple-digit million euro amount, over alleged antitrust violations.
Industrial Estate Approved for Rawalpindi Ring Road
Punjab Industrial Estates Company approves an industrial estate along Rawalpindi Ring Road, replacing earlier plans for an economic zone due to IMF constraints.
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Sindh Opposes Immediate Sugar Deregulation
Sindh government opposes immediate sugar deregulation, citing concerns over consumer prices and provincial autonomy in policy decisions.
Pakistan's Investment Overhaul: Reform Repackaging Power
Pakistan launches comprehensive investment reforms, repackaging power sector to attract foreign capital and boost economic growth.
PSX Surges Over 2,500 Points on US-Iran Peace Hopes
The Pakistan Stock Exchange rallied sharply, gaining over 2,500 points as optimism over US-Iran peace talks boosted investor sentiment, leading to a broad-based buying spree.
KP Livestock Department Cultivates High-Nutrition Beetroot Variety
The Khyber Pakhtunkhwa Livestock Department has successfully cultivated a new high-nutrition beetroot variety as cattle feed, aiming to improve dairy cows' health and milk production.
Pakistan Wetlands and Houbara Population Face Extinction Threat
Pakistan's wetlands and houbara bustard population are at risk of extinction due to habitat loss, hunting, and climate change, experts warn.
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Commissioner Reviews Cattle Market Arrangements
Commissioner reviews arrangements for cattle markets ahead of Eid, ensuring facilities and security for buyers and sellers.
Diplomatic Wins Can't Mask Pakistan's Domestic Crisis
Pakistan's diplomatic successes overshadow a deepening domestic crisis of inflation, unemployment, and poverty, as the gap between state prestige and public suffering widens.
Pakistan Railways to Transform with 1,700km Fiber Optic Network
Pakistan Railways launches a major digitisation programme with a 1,700km fibre optic network, GPS tracking, and digital manifest system to modernise operations and freight management.
2026 Harvest: Federal Failure, Provincial Success
An analysis of the 2026 harvest season reveals federal mismanagement but provincial successes in agriculture, highlighting key regional efforts.
New Town Police recover four stolen vehicles
New Town Police in Rawalpindi recover four stolen vehicles after interrogating a car lifter arrested in an injured condition following an exchange of fire.
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Zakat aid suspended for Eidul Azha in Rawalpindi Division
Over 30,000 beneficiaries in Rawalpindi Division have been deprived of Zakat assistance for 14 months, with no Eid grant for Eidul Azha due to severe financial constraints.
Railway Staff Win Allowance Grade Upgrade
Pakistan Railways employees secure a major victory with approval of grade upgrades and special allowances, ending a long-standing demand for better compensation.
Rawalpindi finalises Eidul Azha cleanliness plan
RWMC, RCB, and CCB finalise a comprehensive cleanliness plan for Eidul Azha, deploying 6,340 workers and 1,066 vehicles for waste disposal across Rawalpindi.
Punjab expands clean water, sanitation project to more villages
The Punjab government expands the PRSWSSP initiative to provide clean drinking water and improved sanitation in underserved villages, tackling groundwater contamination and waterborne diseases.
Beyond GSP+: Pakistan-EU Economic Future
Pakistan and the EU should explore new avenues for trade and investment beyond the GSP+ scheme to ensure long-term economic sustainability and growth.
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Poor Tax Design Not Evasion Keeps Tax Ratio Low
Experts argue that Pakistan's low tax-to-GDP ratio is due to poor tax design and exemptions, not widespread evasion, calling for comprehensive reforms.
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