ISLAMABAD/PESHAWAR: Khyber Pakhtunkhwa has received Rs799.359 billion under the additional 1% war-on-terror share from 2010-11 to September 2026, according to official documents. The funds are provided to compensate the province for economic, infrastructure and other financial losses linked to terrorism and the security challenges faced by the province. KP receives additional 1% share Under the…
LAHORE: Interior Minister Mohsin Naqvi has hinted that Pakistan is moving towards what he described as a major “system reset”, saying reforms could improve governance and the overall functioning of the country. Speaking at an event organised to welcome the newly elected office-bearers of the Lahore Chamber of Commerce and Industry (LCCI), Naqvi said meaningful…
ISLAMABAD: The federal government has informed the International Monetary Fund (IMF) about a plan to recover more than Rs110 billion in outstanding power-sector dues from provincial governments by adjusting the amount against their shares under the National Finance Commission (NFC) award. The proposal was discussed during recent talks with the IMF, which raised concerns about…
The federal government has increased the price of petrol by Rs3.26 per litre for October 2, while reducing the price of high-speed diesel (HSD) by Rs1.01 per litre under Pakistan’s daily petroleum pricing mechanism. Following the latest adjustment, the price of petrol has reached Rs390.66 per litre, while high-speed diesel is now priced at Rs399.34…
The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for Tax Year 2026 to October 15, 2026. The original deadline for taxpayers required to submit their income tax returns was September 30, 2026. The extension was announced by the FBR following requests from various trade organisations and tax bar…
Pakistan and China have reaffirmed their commitment to strengthening their long-standing strategic partnership, with Prime Minister Shehbaz Sharif highlighting the next phase of the China-Pakistan Economic Corridor, known as CPEC 2.0. Addressing a reception in Islamabad to mark the 77th anniversary of the founding of the People’s Republic of China, Prime Minister Shehbaz Sharif described…
The federal government has reduced the prices of petrol and high-speed diesel (HSD) for September 30, providing some relief to motorists amid continued changes in domestic and international fuel markets. According to a notification issued by the Petroleum Division on Tuesday, the price of petrol has been reduced by Rs1.49 per litre, bringing the new…
Electricity consumers across Pakistan, including those served by K-Electric, could face an additional financial burden of around Rs29.5 billion if a proposed increase in electricity tariffs is approved under the fuel adjustment mechanism for August 2026. The National Electric Power Regulatory Authority (NEPRA) held a public hearing to examine a petition submitted by the Central…
Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal has called for the complete modernisation of Pakistan Railways’ Main Line-1 (ML-1), describing the project as a key national priority for expanding trade, freight capacity and regional connectivity. Speaking at the Development Partners Dialogue on “Advancing Trade, Tourism and Regional Competitiveness” during his three-day…
US Congressman Tom Suozzi has described Pakistan as one of the biggest victims of terrorism and called for greater US support to help the country address the security challenge, according to foreign affairs expert Muhammad Mehdi. Mehdi said Suozzi, who chairs the Pakistan Caucus in the US Congress, made the remarks during a meeting with…
