2026

Pakistan

KP Opposition Criticizes Provincial Budget as Anti-Poor

PESHAWAR — In the Khyber Pakhtunkhwa (KP) Assembly, opposition parties have fiercely condemned the newly presented KP provincial budget. They criticized it for failing to address the needs of ordinary citizens. The Pakistan Tehreek-e-Insaf (PTI)-led administration faces accusations from the opposition for using a ‘jugglery of words’ strategy in the budget proposal. Opposition Lawmakers Critique the Budget Opposition lawmakers contend that the budget does not fulfill the fundamental requirements of the people, particularly neglecting the poor. They argue that the government has failed to implement necessary relief measures for the underprivileged segments of society. Neglected Sectors Healthcare Education Infrastructure These critical sectors are seen as needing immediate and focused attention to improve citizen welfare effectively. Political Tensions Persist in KP The budget rejection highlights the persistent political tensions within KP. Opposition groups continue to clash with the governing party over financial priorities and governance strategies, exacerbating divisions in the provincial assembly.

Business

KP to Cover Rs 48 Billion Budget Shortfall Through Savings

PESHAWAR — Khyber Pakhtunkhwa Chief Minister Sohail Afridi announced the province’s plan to address a Rs 48 billion budget shortfall by leveraging savings, thus avoiding new taxes. The announcement was made during the 2026-27 financial year budget presentation titled “Khushal Khyber Pakhtunkhwa,” delivered to the Provincial Assembly on Friday. Commitment to Fiscal Discipline Chief Minister Afridi highlighted the government’s commitment to tackling the fiscal deficit through careful financial management. By refraining from implementing additional taxes, the government aims to maintain economic stability across the province. Focus on Economic Growth The strategy prioritizes stimulating economic growth and development within the region. The government’s approach underscores its dedication to sustainable and responsible fiscal practices, which are vital for ensuring long-term prosperity. Strategic Resource Allocation The proposed budget details a strategic resource allocation plan to boost economic prosperity in Khyber Pakhtunkhwa. It guarantees that resource management is fully aligned with the province’s broader growth goals.

Pakistan

IESCO Announces Scheduled Power Outages for Maintenance

ISLAMABAD — The Islamabad Electric Supply Company (IESCO) has scheduled a power outage this Saturday. This is essential for maintenance and development work across various areas. Details of Power Suspension An IESCO spokesperson stated that the power disruption will impact the Islamabad Circle, particularly the Ghouri Garden feeder. The outage is planned from 7:00 a.m. to 11:00 a.m. Reasons for Scheduled Outages The scheduled outages are crucial for upgrading the power infrastructure and improving reliability. IESCO encourages consumers to prepare for this short-term inconvenience.

Pakistan

PM Shehbaz Urges Global Aid for Afghan Refugee Repatriation

ISLAMABAD — Prime Minister Shehbaz Sharif has reiterated Pakistan’s dedication to supporting refugees and called upon the global community to assist countries hosting displaced populations. He stressed the importance of a dignified repatriation process for Afghan refugees. These remarks were delivered on World Refugee Day, under the theme “Until Everyone is Safe.” Pakistan’s Efforts in Refugee Support Prime Minister Shehbaz Sharif detailed Pakistan’s longstanding role in sheltering Afghan refugees. He emphasized the joint responsibility of the international community to aid in their safe return and reintegration into Afghanistan. Need for International Cooperation The Prime Minister appealed for stronger international collaboration and backing for host nations like Pakistan, which have managed large refugee inflows. His call for shared global responsibility aligns with Pakistan’s enduring stance on refugee issues.

Pakistan

Punjab Approves OxyGenix Tree to Combat Smog

FAISALABAD — The Punjab government has approved the deployment of the innovative bio-artificial ‘OxyGenix Tree’ technology. This initiative aims to tackle the increasing concerns of smog and air pollution across the province. Enhancing Environmental Quality The implementation of OxyGenix Tree technology is pivotal for improving environmental quality and safeguarding public health throughout Punjab. This technology mimics natural processes, providing an effective solution against the harmful effects of smog. Technology Announcement On Friday, Dr. Sarfraz Ahmad, CEO of Terra Spark, announced this significant development. He emphasized how this technology can accelerate efforts to purify air in urban settings. Impact on Urban Communities With the deployment of OxyGenix Trees, urban areas in Punjab could see a drastic improvement in air quality. This initiative positions Punjab as a leader in environmental technology.

Business

PSX Declines Over 2,475 Points Amid Bearish Trend

ISLAMABAD — On Friday, the Pakistan Stock Exchange (PSX) experienced a significant decline. The benchmark KSE-100 Index dropped by 2,475.46 points, a 1.36 percent decrease. This led the index to close at 178,922.76 points, down from the previous day’s 181,398.22 points. Bearish Trend Observed A notable bearish trend was evident throughout the trading session. Traders reported a substantial trading volume, with 1.050 billion shares exchanged in the ready market. This high level of activity highlighted the prevailing market dynamics. Impact on Investor Sentiment The decline underscores ongoing market uncertainty that affects investor sentiment. The drop in the index reflects increased caution among investors who are navigating ongoing economic challenges. Critical Role of PSX Performance PSX performance plays a critical role in market stability and investor confidence. Its impact on the broader economic environment highlights the need for continuous monitoring.

Business

Rupee Gains 1 Paisa Against US Dollar

ISLAMABAD — The Pakistani rupee gained 1 paisa against the US dollar, closing at Rs278.25 in interbank trading on Friday. This slight increase contrasts with the previous day’s rate of Rs278.26. Forex Market Dynamics The Forex Association of Pakistan recorded the buying and selling rates for the dollar in the open market. However, specific figures were not provided in their report. Ongoing Currency Fluctuations This minor appreciation of the rupee occurs amid ongoing fluctuations in the currency market. These changes are indicative of subtle adjustments within the broader financial landscape.

Business

Government Releases Growth-Oriented Federal Budget

ISLAMABAD — On Friday, Khurram Schehzad, Adviser to the Federal Minister for Finance, announced the government has unveiled a growth-oriented federal budget for the upcoming fiscal year. This budget aims to balance relief measures with economic growth while maintaining fiscal responsibility. Fiscal Policy Transition Schehzad highlighted a significant shift in fiscal policy, transitioning from a burdening approach to a broadening one. This strategy aims to widen the economic base, demonstrating the government’s commitment to economic stability and addressing diverse sectoral needs. Relief Measures and Economic Stimulus The adviser emphasized that the budget includes substantial relief measures aimed at supporting citizens. These initiatives are crucial for stimulating economic activity and effectively invigorating the national economy.

Business

RWMC Implements Cleanliness Plan for Muharram in Rawalpindi

RAWALPINDI — The Rawalpindi Waste Management Company (RWMC) has launched an extensive cleanliness plan for Muharram-ul-Haram. The initiative is designed to ensure the city’s cleanliness and hygiene as per the directives of Chief Executive Officer Rana Sajid Safdar. Focus on Muharram Processions Strategically deployed operational staff will conduct regular inspections. They will focus on the routes of Muharram processions, Imambargahs, and other key locations. The aim is to keep these areas free from waste and ensure hygiene throughout the religious observance. Commitment to Environmental Cleanliness RWMC’s plan highlights a strong commitment to public health and environmental cleanliness. Maintaining cleanliness is vital, especially during major religious events that attract large crowds to Rawalpindi.

Pakistan

Scholarship Cheques Awarded to Minority Students in Punjab

RAWALPINDI — The Punjab Human Rights and Minorities Affairs Department hosted a ceremony to distribute educational scholarship cheques to deserving minority students on Thursday. Ceremony Highlights The event was led by Ziaullah Shah, the Parliamentary Secretary for Human Rights and Minorities Affairs, alongside Additional Deputy Commissioner (HQ) Abdul Rehman Khan. It aimed to promote educational support to minority communities. Educational Support for Minorities The provincial government awarded scholarship cheques to both male and female students. This demonstrates their commitment to enhancing educational opportunities within minority communities and fostering an inclusive educational environment. Efforts Towards Inclusivity This initiative is part of a broader strategy to improve access to education for minorities in the region. The ceremony highlighted the crucial role of education in societal progress and aimed to alleviate the financial challenges faced by minority students in pursuing their academic goals.

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