2026

Business

Pakistan to Launch Economic Survey 2025-26 on Thursday

ISLAMABAD — Pakistan’s Economic Survey for the fiscal year 2025-26 is set to launch on Thursday afternoon. This survey is a crucial precursor to the federal budget announcement, offering comprehensive insights into the nation’s economic performance across various sectors. Finance Minister Presents Economic Data Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, will present the Pakistan Economic Survey 2025-26 on June 11. An official press release from the finance ministry has confirmed this. This annual pre-budget document serves as the government’s primary evaluation of the national economy, providing detailed analyses for the fiscal year. Key Economic Indicators in the Survey The Pakistan Economic Survey examines essential macroeconomic indicators that shape the country’s financial landscape. It looks into economic activities across various sectors. Core Economic Indicators GDP growth rate and economic expansion trends Inflation trends and measures for price stability Fiscal accounts and budget performance data Revenue collection and taxation statistics Trade balance and export performance metrics Sectoral performance across key industries Investment trends and corporate activity levels Significance for Investment and Policy Planning This document provides policymakers, investors, and stakeholders with vital data to understand Pakistan’s economic trajectory. It’s crucial in the lead-up to the federal budget presentation. The Economic Survey enables informed decision-making by presenting verified economic data and performance trends crucial for fiscal policy and business strategy. Banking institutions, corporate entities, and international investors rely on this annual report to assess Pakistan’s economic health and growth potential. The survey’s comprehensive data support investment decisions and market analysis across various sectors of the economy.

Pakistan

Health Minister Restores Sehat Sahulat Program in Islamabad

Federal Minister for National Health Services, Syed Mustafa Kamal, announced the restoration of the Sehat Sahulat Program in Islamabad. This initiative, following a prolonged suspension, aims to provide free medical treatment to residents lacking affordable healthcare access. Revival at Dr Akbar Niazi Teaching Hospital The announcement took place during Kamal’s visit to Dr Akbar Niazi Teaching Hospital. He expressed gratitude to Prime Minister Shehbaz Sharif for approving the program’s revival, which marks a significant step in expanding healthcare access in Islamabad. Thousands of low-income families are expected to benefit from this initiative. Details of the Sehat Sahulat Program The Sehat Sahulat Program is a government-funded health initiative aimed at offering low-income citizens quality hospital care at no cost. It addresses the healthcare needs of vulnerable populations across Pakistan and is a crucial component of the national health policy. Program Features Free medical treatment for eligible citizens Coverage at designated healthcare facilities Financial support for low-income families Access to quality hospital services Impact on Islamabad’s Healthcare The program’s restoration underscores the federal government’s commitment to enhancing social health coverage in Islamabad. Thousands of residents who previously could not afford medical services will now benefit. This initiative aligns with the government’s broader health policy goals. Healthcare facilities in Islamabad are now equipped to provide free treatment to eligible beneficiaries. This effort is expected to alleviate the financial burdens on low-income families, reinforcing the program’s role in Pakistan’s national healthcare strategy.

Business

Pakistan to Present FY2026-27 Federal Budget on Friday

ISLAMABAD — The Pakistan federal budget for the fiscal year 2026-27 will be presented in Parliament on Friday, June 12. The budget aims at economic stability, promoting sustainable growth, and addressing the socio-economic needs of Pakistani citizens. Budget Presentation Timeline On Friday, the Federal Minister for Finance will introduce the Pakistan federal budget in Parliament. This presentation will outline a detailed fiscal roadmap for the upcoming year. It is vital for Pakistan’s economic planning as it sets government spending, revenue targets, and economic policy directions for the new fiscal year. Key Priorities for FY2026-27 The Pakistan federal budget will act as a comprehensive framework for economic management. The primary objectives include: Sustaining the economic momentum achieved in recent quarters Meeting public demands for social welfare programs Addressing major financial challenges Balancing fiscal discipline with growth objectives Economic Context and Market Expectations The FY2026-27 budget emerges at a critical juncture for Pakistan’s economy. Policymakers aim to maintain stability and foster inclusive growth across various sectors. Stakeholders in business, trade, and the financial sector eagerly anticipate updates on taxation policies and investment incentives. The budget will highlight government priorities for revenue generation and public expenditure. Fiscal measures and sectoral allocations specified in the budget will determine Pakistan’s economic trajectory over the next year. Market analysts foresee a balanced strategy focusing on boosting revenue and implementing growth-friendly policies.

Pakistan

UAE Deports 3,500 Pakistanis Over Social Media Law Violations

ISLAMABAD — The United Arab Emirates has deported around 3,500 Pakistani nationals for breaching social media laws amid the Iran-US conflict. This matter was brought to the National Assembly’s attention by Federal Minister for Parliamentary Affairs, Tariq Fazal Chaudhry, on Wednesday. Government’s Response to Deportations In the parliamentary Question Hour, Minister Chaudhry addressed the concerns regarding these deportations. He assured lawmakers that the federal government is offering extensive assistance to the affected individuals. Pakistani officials are actively coordinating with UAE authorities to support the returnees and their families. Efforts are focused on helping these families reintegrate into Pakistan’s domestic economy, aiming to minimize financial disruptions, especially for those depending on remittances from the UAE. Understanding UAE Social Media Regulations The UAE implements strict rules on online speech and social media activities. The federal law prohibits content deemed threatening to national security, social stability, or public order. Foreign nationals who breach these laws may face serious outcomes, including: Immediate detention by law enforcement authorities Legal prosecution under UAE cybercrime legislation Deportation proceedings and potential entry bans Financial penalties and court costs The recent deportations were linked to social media posts about Iran-US tensions, which UAE authorities found to violate national regulations. Impact on Remittance Flows Pakistan hosts one of the largest expatriate communities in the UAE, with hundreds of thousands working in sectors such as construction and services. These mass deportations pose significant financial challenges for both countries. Families reliant on remittances from UAE workers are experiencing immediate economic insecurity and uncertainty. Remittances’ Role in the National Economy Pakistani expatriates in the UAE remit billions of dollars annually, supporting countless households and significantly contributing to Pakistan’s economic stability. A decrease in expatriate income compromises household financial stability in Pakistan and reduces essential foreign exchange inflows necessary for economic growth and maintaining the balance of payments.

Business

PM Shehbaz Orders Review of University IT Education After Poor Test Scores

ISLAMABAD — Prime Minister Shehbaz Sharif has called for a thorough review of information technology education in Pakistani universities, prompted by poor student performance in a national skills test. Enhancing IT Education Quality In a high-level meeting focused on IT higher education, the Prime Minister expressed significant concerns about the test results. He stressed the urgent need to elevate educational standards nationwide. The focus is on aligning curricula with industry standards and market needs to ensure graduates have job-ready skills. Key Priorities for Reform The government has outlined key priorities to enhance the quality of IT education: Conducting a comprehensive review of current university curricula Aligning courses with global industry standards Incorporating practical, market-relevant skills training Implementing advanced competency testing and assessment methods Linking IT Exports to Economic Growth The review underscores the administration’s commitment to producing qualified technical graduates. The government views IT exports as crucial for economic recovery and revenue growth. It’s essential for Pakistan’s IT sector to produce skilled professionals who can compete globally, as quality is key to market access. Boosting Export Revenue and Competitiveness IT exports are poised to have a profound impact on Pakistan’s economic future. Enhancing technical education quality is vital for capturing international market share and generating foreign exchange revenue. By upgrading IT education standards, Pakistan aims to bolster its position in the global tech industry, promoting long-term economic growth and enhancing competitiveness in international IT trade.

Pakistan

Zardari Calls Russia Trusted Partner, Vows Deeper Bilateral Ties

ISLAMABAD — President Asif Ali Zardari, on Wednesday, underscored Pakistan’s dedication to bolstering its partnership with Russia, acknowledging Moscow as a trusted partner and a significant global power. This effort marks a strategic shift in Pakistan’s foreign policy, aiming to enhance cooperation across various sectors. National Day Reception Highlights Ties At a reception celebrating the National Day of the Russian Federation, President Zardari highlighted Islamabad’s intention to strengthen its engagement with Moscow. The event illustrated the increasing importance of Pakistan Russia bilateral ties. Senior officials from both nations attended the diplomatic gathering in Islamabad, emphasizing the collaboration between the two countries. Strategic Cooperation Areas Pakistan and Russia are expanding their partnership across several strategic sectors. Key areas of mutual interest include: Trade and commerce development Energy infrastructure projects Defense collaboration and security Agriculture development programs Regional connectivity initiatives These partnerships reflect a shared commitment to enduring collaboration. Diversified Foreign Policy Islamabad maintains a balanced foreign policy, nurturing ties with major global powers. This approach is part of Pakistan’s diplomatic strategy in a multipolar world. High-level exchanges aim to improve cooperation in strategic sectors, demonstrating Pakistan’s dedication to broadening partnerships beyond traditional allies. Strengthening Pakistan Russia bilateral ties is crucial to Pakistan’s strategy of advancing alliances and fostering diplomatic relations while promoting national interests.

World

China Urges Calm, Full Ceasefire Amid Escalating Middle East Tensions

BEIJING — On Wednesday, China strongly advocated for a comprehensive and lasting ceasefire in the Middle East. As tensions mount, the nation called on all parties to exercise maximum restraint. China aims to reinforce its role as a key mediator in international disputes by emphasizing political and diplomatic solutions. China’s Advocacy for Diplomatic Dialogue During a regular press briefing in Beijing, Lin Jian, a spokesperson for the Chinese Foreign Ministry, addressed concerns over new U.S. military actions in the Middle East. Lin expressed deep concern about the rapid escalation in the region, prioritizing dialogue over military engagement. He reiterated Beijing’s dedication to peaceful solutions, warning that military actions could exacerbate the humanitarian crisis. Beijing’s Neutral Stance in Middle East Conflicts China consistently maintains a neutral stance in Middle East conflicts, prioritizing dialogue over military interventions as a core aspect of its foreign policy. This neutrality allows China to sustain diplomatic relations with various regional powers, positioning Beijing as a potential mediator for future peace talks. Core Principles of China’s Diplomatic Strategy China’s approach to international conflicts is built on several core diplomatic principles: Preference for diplomatic channels over military intervention Commitment to non-interference in sovereign affairs Support for multilateral cooperation frameworks Advocacy for UN-led peace processes This strategy aligns with Beijing’s broader foreign policy objectives. Historically, China has facilitated regional dispute mediation and diplomatic agreements between rival nations. Continued Diplomatic Efforts in the Region Wednesday’s statement is part of China’s ongoing diplomatic efforts amid escalating hostilities that have attracted global attention. China continues to advocate for peaceful resolutions through international cooperation, emphasizing that multilateral dialogue is essential for lasting stability. The Chinese Foreign Ministry persistently urges the resumption of negotiations, underlining that diplomatic solutions benefit all nations involved in the Middle East conflict.

Pakistan

Pakistan Academy of Letters Holds 88th Literary Session in Islamabad

The Pakistan Academy of Letters (PAL) held its 88th session of the weekly literary series, Chai, Baatain aur Kitaabain, in Islamabad on Wednesday. This event underscores PAL’s dedication to fostering intellectual discourse within the literary community of the federal capital. Insights from Ali Tanha on Fiction Writing Renowned writer, short story author, and broadcaster Ali Tanha delivered the keynote speech at the session. He delved into critical aspects of fiction writing, particularly relevant for contemporary Pakistani authors. Highlights included: The structural form of quality fiction Artistic requirements for modern writing Standards of literary craftsmanship Tanha offered in-depth guidance on modern writing techniques, providing practical insights for both emerging and established writers across Pakistan. Fostering Cultural Exchange Moderated by Munir Fayyaz, the Chai, Baatain aur Kitaabain series promotes continuous literary dialogue in Islamabad. These weekly gatherings benefit Pakistan’s literary community by: Encouraging cultural exchange and intellectual dialogue Connecting writers, readers, and literature enthusiasts nationwide Preserving Pakistan’s Literary Heritage This platform enables participants to engage with contemporary literary issues while safeguarding Pakistan’s vast literary heritage. Through regular discussions, these national-level sessions fortify the country’s cultural foundations. The Pakistan Academy of Letters plays a crucial role in nurturing and sustaining these literary activities in Islamabad.

Pakistan

Eleven Economic Missions to Anchor Pakistan’s Development Framework: Ahsan Iqbal

ISLAMABAD — Professor Ahsan Iqbal, Federal Minister for Planning, Development, and Special Initiatives, has announced the launch of 11 National Economic Missions. These missions are crucial to Pakistan’s central development framework and aim to transform the nation’s economy. NEC Development Framework Approval The National Economic Council (NEC) has endorsed these missions as part of the ‘Uraan Pakistan’ vision. This strategic plan is intended to guide economic transformation in Pakistan over the next few years. Prime Minister Shehbaz Sharif led the NEC meeting in Islamabad, where Ahsan Iqbal presented these initiatives. A thorough discussion on economic strategy occurred, resulting in the approval of all 11 missions. These initiatives are designed to align state resources with national policy priorities, ensuring coordinated development through federal institutions. Objectives of the Economic Missions The National Economic Missions are designed to drive growth through structural transformation in key sectors. Their objectives include: Effective resource allocation at the federal level Implementation of policies consistent with council priorities Coordinated development across government institutions Structural reforms in major economic sectors ‘Uraan Pakistan’ Vision Framework The ‘Uraan Pakistan’ vision offers a comprehensive framework for these initiatives, ensuring efficient resource allocation at the federal level. It supports national economic development in line with the priorities set by the National Economic Council.

Business

KP Excise Department Seals Properties in Peshawar, Mansehra Over Tax Defaults

PESHAWAR — The Khyber Pakhtunkhwa Excise, Taxation and Narcotics Control Department intensifies efforts against property tax defaulters. By sealing numerous commercial units and properties in Peshawar and Mansehra, officials aim to recover significant outstanding revenues for the government. This initiative targets property owners neglecting tax payments, reinforcing the government’s commitment to improving tax compliance across Khyber Pakhtunkhwa. Active Enforcement Against Tax Defaulters Dedicated teams conduct raids to identify and seal properties in both cities that fail to comply with tax regulations. The focus is on owners with unpaid tax obligations. Officials use a systematic approach for revenue recovery, addressing financial shortfalls through stringent measures. This strategy aims to enhance fiscal accountability across the province. Focus Areas for Revenue Recovery The property tax enforcement operations target several key areas: Commercial units with outstanding tax dues Residential properties in tax default Efforts to clear accumulated tax arrears Provincial Revenue Strategy and Financial Stability This enforcement drive is part of a broader strategy to strengthen tax collection systems. By reclaiming due revenues, officials aim to ease financial shortfalls. The property tax initiative is crucial for reinforcing the province’s financial stability. Improved compliance will facilitate enhanced public service delivery in the region. Plans for Expansion to More Districts Authorities are monitoring compliance rates and plan to expand enforcement to additional districts soon. This expansion aims to boost provincial revenue collection, ensuring robust financial accountability across Khyber Pakhtunkhwa, and significantly raising tax collection rates province-wide.

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