Sardar Muhammad Yousuf, Pakistan’s Minister for Religious Affairs and Interfaith Harmony, has issued directives to ensure smooth and timely transportation of Pakistani pilgrims during Hajj. The minister instructed the Pakistan Haj Mission to make effective arrangements for transporting pilgrims to key holy sites, including Mina, Arafat, and Muzdalifah. These locations, collectively known as the Mashair,…
The International Monetary Fund has called on Pakistan to strengthen transparency and autonomy within the National Accountability Bureau as part of ongoing governance reforms. According to the IMF’s latest staff report, Pakistan is required to amend the NAB Ordinance by January 2027 to improve the process for appointing the NAB chairman and to ensure greater…
Security forces carried out a major intelligence-based operation near Quetta, resulting in the killing of 35 militants and the arrest of at least three commanders, according to the Balochistan government. The operation, which began on May 13, continued for four days in the Mangla Zarghoon Gar area, a mountainous region on the outskirts of the…
The Federation of Pakistan Chambers of Commerce and Industry is set to enhance economic engagement with the United States as its President, Atif Ikram Sheikh, prepares to lead a high-level business delegation to the US in August 2026. This initiative comes as part of broader efforts to strengthen bilateral trade, investment, and private-sector collaboration between…
The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
Pakistan has achieved a significant financial milestone with the successful issuance of its first Panda Bond, a move that signals growing investor confidence and strengthens economic ties with China. According to Finance Minister Muhammad Aurangzeb, the inaugural Panda Bond issuance marks a major step forward in Pakistan’s financial landscape. Speaking after the issuance ceremony in…
Pakistan is strengthening its agricultural partnership with China as both nations approach 75 years of diplomatic relations in 2026. The collaboration is expanding rapidly under the second phase of China-Pakistan Economic Corridor (CPEC), focusing on modern farming techniques, hybrid seeds, research, and export growth. The growing adoption of Chinese hybrid rice in Punjab highlights a…
The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
Khyber-Pakhtunkhwa is currently facing serious wheat supply challenges, prompting Governor Faisal Karim Kundi to propose inter-provincial talks with Sindh to address the crisis. Speaking at the Baniyan-e-Marsous and Stability of Pakistan Conference held at the Governor’s House in Peshawar, Kundi highlighted the urgency of resolving wheat shortages in the province. He stated that he is…
The Lahore High Court (LHC) has ruled that super tax under Section 4C of the Income Tax Ordinance, 2001 cannot be imposed on capital gains arising from the sale of inherited immovable property when the applicable capital gains tax rate is zero percent. The decision was issued by a two-member bench comprising Justice Jawad Hassan…
