2026

Business

Rawalpindi Business Community Supports Federal Budget, Seeks Policy Clarity

RAWALPINDI — The business community in Rawalpindi has expressed strong support for the 2026-27 federal budget, endorsing key measures. However, business leaders call for clearer economic policies to help reduce business costs. Key Budget Highlights and Reactions Usman Shaukat, President of the Rawalpindi Chamber of Commerce and Industry (RCCI), praised a 7% increase in salaries and pensions. He welcomed the removal of the Federal Excise Duty on medicines for cancer and other serious illnesses. Despite these positives, Shaukat pointed out the lack of a clear export policy and initiatives to promote a more business-friendly environment. He emphasized the importance of ongoing consultations with the business community to develop a beneficial policy framework. Real Estate Tax Reductions Sohail Altaf, Group Leader and Former President of RCCI, appreciated the reduction in property purchase taxes. Rates for filers have decreased from 2.5% to 1.25%, and from 5.5% to 2.75% for sellers. He also praised the exemption from super tax for businesses earning up to Rs. 0.5 billion and a tax rate reduction from 10% to 8% for higher incomes. Call for Policy Clarity Altaf highlighted current ambiguities in GST policies and urged lawmakers to lower operational costs for businesses. He commended Prime Minister Shehbaz Sharif for incorporating business chamber input into budget discussions. With prevailing tax rates between 50% to 60% creating barriers to investment, adjustments are necessary. The business community advocates expanding the government’s tax net with a clear and practical strategy, especially to support small traders.

Sports

National Women’s Hockey Championship Set for July in Islamabad

ISLAMABAD — The Pakistan Hockey Federation (PHF) has announced that the National Women’s Hockey Championship will take place in the second week of July 2026 in Islamabad. This pivotal event aims to promote women’s sports nationwide. Showcasing Top Talent The championship will bring together leading female hockey players from across Pakistan. It offers a crucial platform for these athletes to showcase their exceptional skills and contribute to the development of women’s hockey. PHF’s Commitment to Women’s Hockey The announcement by the PHF highlights its commitment to enhancing women’s participation in hockey. This dedication plays a significant role in expanding the sport among women in Pakistan. Upcoming Details A full event schedule and a list of participating teams will be released in the coming months. Stay tuned for more updates as the event draws closer.

Pakistan

BNU to Unveil Publications on Campus Safety Initiatives

LAHORE — This Saturday, Beaconhouse National University (BNU) in Lahore will unveil two pivotal publications. These works concentrate on establishing a drug-free campus and providing psychological first aid. This initiative is an integral part of BNU’s Drug-Free Safe Campus Model, aiming to set new benchmarks for educational institutions across Pakistan and worldwide. International Support and Guidelines The model adheres to guidelines from key international organizations, including: United Nations Office on Drugs and Crime (UNODC) World Health Organization (WHO) United Nations Educational, Scientific and Cultural Organization (UNESCO) Commitment to Student Safety BNU is dedicated to enhancing academic safety by tackling significant issues such as substance abuse. Broad Educational Support Addressing substance abuse in educational settings Enhancing student well-being Fostering supportive learning environments These initiatives are crafted to ensure healthier and safer conditions for both students and staff at BNU.

Business

Public Servants Welcome Pay Hike in 2026-27 Budget

Government employees and pensioners in Khyber Pakhtunkhwa have expressed their appreciation for the salary and pension increases announced in the Federal Budget for 2026-27. These raises provide significant relief amidst rising living costs and economic challenges. Essential Financial Relief for Public Sector Workers The decision to increase pay is crucial for delivering financial relief to public sector employees and pensioners. With inflation rising, these budgetary measures are indispensable for reducing economic burdens on households. Addressing Inflation and Economic Challenges Officials highlight the importance of these financial adjustments as part of broader efforts to support citizens facing ongoing economic issues. The enhanced budget allocation highlights the government’s commitment to the welfare of its employees and retirees.

Business

Government Reveals Rs3.675 Trillion Development Plan for FY27

ISLAMABAD — The federal government has unveiled a comprehensive Rs3.675 trillion development plan for the fiscal year 2026-27. This ambitious initiative targets a 4 percent increase in the national GDP and aims to achieve a substantial current account surplus. Key Focus Areas The development plan highlights strategic growth in exports, remittances, and investments. These sectors are vital for strengthening the economic framework and achieving the plan’s ambitious goals. Optimistic Economic Outlook The strategy lays out a positive economic outlook, focusing on enhancing financial stability and driving growth. These measures are expected to boost economic activities and support long-term sustainable progress. Growth Drivers Exports Remittances Investments Commitment to Economic Milestones The Annual Plan emphasizes the government’s commitment to vital economic milestones. It is structured to steer the country towards recovery and expansion in the upcoming fiscal year.

Pakistan

Prime Minister Shehbaz Sharif Mourns Death of Former Senator Taj Afridi

ISLAMABAD — Prime Minister Shehbaz Sharif expressed his deep sorrow on Friday over the tragic death of former Senator Taj Muhammad Afridi in a traffic accident. Prime Minister’s Official Condolences In his official statement, Prime Minister Sharif prayed for Afridi’s soul and extended his heartfelt condolences to the family. He stated, “May Allah Almighty grant the deceased a place in Paradise, Ameen.” Political Reactions Nationwide Taj Muhammad Afridi’s untimely demise has reverberated across Pakistan’s political landscape, causing widespread grief among leaders and supporters nationwide. Legislative Tributes and Contributions Highlighting Afridi’s Impact Political leaders have been commemorating Afridi’s substantial contributions to national affairs. His efforts and impact on Pakistan’s development are widely celebrated.

Pakistan

NDMA Warns of Severe Weather Threat in Northern Regions

ISLAMABAD — The National Disaster Management Authority (NDMA) has issued an urgent severe weather alert, forecasting extreme conditions in various parts of Pakistan. Weather Threats in Key Regions The NDMA expects thunderstorms, heavy rainfall, and flash flooding within the next 12 to 24 hours. The regions identified at significant risk include: Punjab Khyber Pakhtunkhwa Balochistan Gilgit-Baltistan Azad Kashmir Vulnerability of Northern Mountains Northern mountainous areas are particularly at risk from June 13 to 15. The NDMA emphasizes taking immediate precautionary actions to counter landslides and glacial lake outburst floods (GLOFs). Urgent Preparedness Measures Authorities urge residents and local agencies in the high-risk zones to exercise heightened vigilance. It is crucial to prepare for possible emergencies to ensure safety and protection in the coming days.

Pakistan

Prime Minister Shehbaz Sharif Chairs Special Federal Cabinet Meeting

ISLAMABAD — Prime Minister Shehbaz Sharif chaired a special Federal Cabinet meeting in Islamabad to tackle pressing national issues. The meeting, highlighted by the Associated Press of Pakistan, demonstrated the government’s proactive stance. Addressing National Challenges Cabinet members focused discussions on key governance and economic challenges. Prime Minister Sharif stressed the urgency of swift, coordinated action and encouraged ministers to prioritize initiatives that enhance public welfare. Commitment to Transparency and Accountability The Federal Cabinet confirmed its dedication to maintaining transparency and accountability. Discussions covered crucial policies for economic stability and national development. These strategies aim to strengthen public trust in government operations and policies.

Pakistan

Prime Minister Shehbaz Sharif Leads Special Federal Cabinet Meeting

ISLAMABAD — Prime Minister Shehbaz Sharif led a special Federal Cabinet meeting in Islamabad, concentrating on critical national issues and initiatives to tackle economic challenges. Review of Development Projects During the meeting, ministers reviewed the progress of various development projects. Discussions focused on developing effective strategies to boost public welfare. The cabinet also explored measures to enhance economic stability and improve governance. Focus on Governance and Accountability Prime Minister Sharif reaffirmed the government’s commitment to transparency and accountability. He stressed the importance of efficient policy implementation, urging officials to adhere strictly to these principles. Acceleration of Government Targets As the meeting concluded, directives were issued to expedite efforts in meeting government targets, highlighting the urgency for swift and effective action.

Business

Prime Minister Shehbaz Sharif Leads Federal Cabinet Meeting

ISLAMABAD — Prime Minister Shehbaz Sharif led a crucial Federal Cabinet meeting on Wednesday, focusing on key national and economic issues. Meeting Agenda in Islamabad The session, held at Parliament House, concentrated on examining recent economic trends and policy initiatives. The main objective was to synchronize the cabinet’s goals with the prevailing economic necessities of the country. Strategies for Economic Growth Cabinet members delved into discussions on important strategic areas such as: Promoting economic growth Addressing financial and infrastructural challenges Adapting financial policies to current economic scenarios Annual Budget Approval for 2026-27 Following extensive discussions, Prime Minister Shehbaz Sharif reviewed and signed the Annual Budget for 2026-27. This budget highlights the government’s dedication to sustainable development and maintaining fiscal stability.

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