ISLAMABAD: The federal government has approved amendments to the National Electricity Plan 2023–2027 as part of efforts to improve the country’s power sector and ensure affordable and reliable electricity for consumers. Prime Minister Shehbaz Sharif chaired a meeting of the Cabinet Committee on Energy, where officials reviewed the financial position of the electricity industry and…
The Federal Board of Revenue (FBR) has introduced stricter monitoring of high-value financial transactions in Pakistan under the Finance Act 2026. Banks and Electronic Money Institutions (EMIs) will be required to report transactions exceeding Rs100 million to the FBR’s central data hub. The new mechanism is aimed at strengthening tax monitoring, improving financial transparency and…
Oil prices climbed sharply on Tuesday as renewed tensions surrounding the Iran conflict and slowing tanker traffic through the Strait of Hormuz increased concerns about disruptions to global crude supplies. Brent crude futures rose 27 cents, or 0.3%, to $91.14 a barrel, while US West Texas Intermediate (WTI) gained 42 cents to $85.04. WTI had…
Pakistan has recorded a significant breakthrough in hydrocarbon exploration after Pakistan Petroleum Limited (PPL) announced a major gas discovery from its Dolphin exploration well in the company-operated Sarani Block in Sujawal district, Sindh. According to PPL, the discovery represents the first hydrocarbon find from the Jurassic-age Chiltan Formation in the Lower Indus Basin, marking an…
Pakistan has rejected allegations by Indian Home Minister Amit Shah linking Islamabad to the arrest of alleged terror suspects in India, describing the claims as part of a politically motivated campaign against Pakistan. Foreign Office spokesperson Tahir Hussain Andrabi said the allegations were baseless and appeared intended to divert attention from India’s own internal security…
President Asif Ali Zardari has urged citizens and institutions across Pakistan to actively participate in tree plantation and environmental protection efforts, describing the protection of trees as both an environmental priority and a national responsibility. In a message issued at the launch of the Monsoon Tree Plantation Campaign 2026, President Zardari said the campaign aims…
Imprisoned Pakistan Tehreek-e-Insaf (PTI) leaders have expressed support for Jamaat-e-Islami’s ongoing sit-in and called for the release of political prisoners, including PTI founder Imran Khan. A letter signed by senior PTI leaders Shah Mahmood Qureshi, Sarfraz Cheema, Dr Yasmin Rashid, Ijaz Chaudhry and Mahmood-ur-Rasheed was read out during the Jamaat-e-Islami protest. The leaders, who are…
The Supreme Court of Pakistan has scheduled August 19 for the hearing of petitions filed by Imaan Mazari and Hadi Chattha seeking suspension of their sentences in a case related to controversial social media posts. A two-member bench headed by Justice Naeem Akhtar Afghan, with Justice Ishtiaq Ibrahim as the second member, will hear the…
Pakistan Muslim League-Nawaz (PML-N) has stepped up consultations over the formation of the next government in Azad Jammu and Kashmir, with party supremo Nawaz Sharif and Punjab Chief Minister Maryam Nawaz interviewing candidates for reserved seats. The interviews were held in Murree for five women’s reserved seats in the AJK Legislative Assembly. Several prominent women…
Pakistan is set to take the first three-year leadership of the secretariat established under a new defence agreement with Türkiye and Saudi Arabia. The agreement, signed in Makkah on August 7, aims to strengthen defence coordination, intelligence sharing, military cooperation and regional security among the three countries. Under the arrangement, the secretariat will coordinate decisions…
