Pakistan has formally requested a $10 billion foreign exchange stabilization facility from the United States to strengthen its economy, boost foreign exchange reserves, and improve long-term financial stability. According to reports, the government has submitted a proposal to US Treasury Secretary Scott Bessent seeking a five-year bilateral Exchange Stabilization Support Facility. If approved, the funding…
The federal cabinet has approved a Rs1.8 billion special allowance for senior bureaucrats despite continuing austerity measures and limiting the salary increase for most government employees to 7% in the 2026-27 federal budget. The new benefit, titled the All Pakistan Services Provincial Governments’ Cadre Posts’ Parity Allowance, will take effect from July 1, 2026. According…
Monsoon rains continue to impact several parts of Pakistan, bringing relief from the intense summer heat while also causing deadly accidents, urban flooding, and damage to infrastructure. At least six people, including children, have lost their lives in rain-related incidents as heavy downpours persist across the country. In Punjab, Gujranwala, Gujrat, Sialkot, Toba Tek Singh,…
The Election Commission of Pakistan (ECP) has withdrawn the election symbol “crane” from Tehreek-e-Labbaik Pakistan (TLP) after ruling that the party failed to conduct its intra-party elections according to legal requirements. A five-member bench headed by Chief Election Commissioner Sikandar Sultan Raja announced the decision, stating that TLP did not comply with Section 209 of…
Punjab Education Minister Rana Sikandar Hayat has announced plans to expand the admission quota of Daanish Schools for foreign students, including children from Bangladesh. The decision was taken during a meeting of the Board of Governors of the Daanish Schools Authority, where officials reviewed measures to improve educational opportunities and enhance academic standards. The meeting…
Pakistan’s energy sector could witness a major transformation as US-based Honeywell Technologies has proposed a comprehensive refinery upgrade and expansion plan aimed at improving the country’s refining capacity and reducing dependence on imported petroleum products. The proposal was presented during a meeting between Honeywell representatives and Finance Minister Senator Muhammad Aurangzeb in Washington. According to…
A tragic shooting incident in Mastung district of Balochistan has claimed the lives of two women, while three other people, including two children, sustained injuries after unidentified gunmen opened fire on a vehicle near Mangochar. According to police officials, the affected family belonged to Zhob and was travelling through Mastung when their vehicle came under…
More than two years into Chief Minister Maryam Nawaz’s tenure, Punjab’s bureaucracy is operating under a significantly different administrative model, focusing on continuity in appointments and performance-based accountability rather than frequent transfers. According to government officials, the provincial administration has adopted a governance strategy centered on administrative stability, allowing senior officers to remain in their…
The Federal Investigation Agency (FIA) has arrested a prominent Faisalabad-based industrialist and two former chief executives of the Faisalabad Electric Supply Company (FESCO) in connection with an alleged Rs11.96 billion power fraud and corruption case. The suspects, including industrialist Mian Idris, were arrested at Allama Iqbal International Airport, Lahore, while reportedly preparing to travel to…
Pakistan’s automobile industry is witnessing a significant shift as Chinese electric vehicle (EV) and hybrid manufacturers rapidly expand their presence, posing a serious challenge to Japanese brands that have dominated the country’s market for more than three decades. The growing interest in electric mobility comes amid rising global fuel prices and increasing concerns over energy…
