Author name: NEN News

Business

Pakistan Strengthens Fiscal Reserves Amid Rising Oil Prices

ISLAMABAD — Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced an increase in Pakistan’s fiscal reserves. This initiative aims to counter the effects of rising international oil prices and volatility in the energy market for the upcoming fiscal year. The strategic move seeks to mitigate potential economic disruptions due to fluctuating fuel markets. Strengthening Financial Resilience During a post-budget media briefing, Aurangzeb highlighted the resilience of Pakistan’s financial strategy. This strategy is focused on confronting external pressures that impact the national economy. He emphasized the importance of these measures in ensuring economic stability amid global oil price hikes. Proactive Economic Policies The government’s proactive approach forms part of a broader policy aimed at maintaining fiscal stability. This strategy is designed to shield the country from adverse market conditions. The announcement aligns with global concerns over energy supply disruptions affecting various economies worldwide.

Business

Pakistan Builds Fiscal Buffers Amid Rising Oil Prices

ISLAMABAD — Finance Minister Muhammad Aurangzeb emphasized decisive steps to counteract rising oil prices and their impact on Pakistan’s economy. During a recent press briefing, he stressed the government’s preparedness to handle these economic challenges effectively. Financial Support Arrangements The government has committed to maintaining financial support arrangements with provinces over the next three years. This strategic measure aims to reinforce economic stability in the face of fluctuating oil prices. Impact of Increasing Oil Prices Pakistan felt the impact of rising oil prices starting in April. In response, the government introduced robust fiscal strategies designed to shield the economy from such shocks. Fiscal Policies for Economic Stability Amid increasing international oil prices, the government’s fiscal policies are tailored to protect the Pakistan economy from adverse effects, fostering monetary stability.

Pakistan

Tehmina Daultana Affirms PML-N’s Commitment to Public Welfare in Budget

ISLAMABAD — Former Federal Minister and Member of the National Assembly, Tehmina Daultana, unveiled that the federal budget for the fiscal year 2026-27 underscores the Pakistan Muslim League-Nawaz’s (PML-N) strong commitment to public welfare. She specifically highlighted the party’s initiatives aimed at uplifting underprivileged communities. Prime Minister’s Dedication to Social Welfare In a media briefing, Daultana lauded Prime Minister Shehbaz Sharif for his steadfast dedication to social welfare programs. She emphasized that Sharif consistently prioritizes initiatives that aim to enhance the well-being of disadvantaged groups. Economic Efforts Amid Challenges The statements from Daultana arrive at a time when the government seeks to reassure the public about its efforts to tackle ongoing socioeconomic challenges. This budget stands as testament to the party’s commitment to public service and welfare.

Business

Pakistan’s 2026-27 Budget Focuses on Export-Led Growth

ISLAMABAD — Finance Minister Senator Muhammad Aurangzeb has unveiled Pakistan’s federal budget for 2026-27. The budget highlights a strategic shift towards promoting export-led growth. This initiative targets economic transformation from recovery to sustainable growth by expanding exports and fostering a supportive business environment. Focus on Export-led Growth During a post-budget conference, the finance minister emphasized creating opportunities for businesses to thrive in the global market. He identified exports as a crucial element of Pakistan’s economic strategy for future development. Enhancing Economic Resilience The budget aims to bolster Pakistan’s economic resilience and secure long-term prosperity. Key strategies include prioritizing export growth and nurturing a conducive business climate, as highlighted by the finance minister.

Pakistan

Governor Kundi Attends Funeral of Former Senator Taj Afridi

PESHAWAR — On Saturday, Khyber Pakhtunkhwa Governor Faisal Karim Kundi attended the funeral prayers of former senator Taj Muhammad Afridi. The event took place in the Jamrud district. Governor Kundi’s Participation The funeral was held in Khyber, where Governor Kundi actively participated in the prayers. He offered Fateha for Afridi’s soul, highlighting the importance of the occasion in the local community. Condolences and Prayers Governor Kundi expressed deep condolences to Afridi’s grieving family. He conveyed his wishes for their strength and patience during this challenging time. Additionally, he prayed for Afridi’s eternal peace and higher ranks in Jannat.

Pakistan

NA Speaker Sets Up Budget Desk for Lawmakers

ISLAMABAD — On Saturday, the National Assembly Speaker Sardar Ayaz Sadiq announced the establishment of a budget desk to support parliamentarians throughout the ongoing budget session. This initiative was revealed during a session of the National Assembly. Budget Desk Location and Purpose Located in the National Assembly Library, the budget desk is designed to provide essential support to lawmakers. It will aid them in evaluating and discussing various budgetary allocations and proposals, ensuring a more informed legislative process. Enhancing Legislative Efficiency This initiative is aimed at streamlining the legislative process by offering parliament members comprehensive assistance during budget discussions. The desk represents a commitment to improving legislative efficiency through robust support mechanisms.

Pakistan

Tarar Proposes Pakistan-Africa Cultural Forum

ISLAMABAD — Federal Minister for Information and Broadcasting, Attaullah Tarar, has proposed the establishment of a Pakistan-Africa cultural forum. This initiative aims to strengthen connections between the people of Pakistan and Africa. Proposal on Africa Day During his speech on Africa Day, Tarar advocated for more cultural and musical exchanges. He believes such interactions could enhance bilateral relations and create a positive image for both regions. Importance of Cultural Bridges Tarar stressed the importance of building cultural bridges, highlighting that these initiatives are crucial for fostering mutual understanding and collaboration. He emphasized how cultural exchanges could support diverse narratives and shared experiences. Enhancing Bilateral Ties The proposed cultural exchanges are designed to significantly contribute to closer ties between Pakistan and African countries. Support from Cultural Contributors The proposal was announced during a ceremony attended by government officials and cultural community members. Attendees expressed their support for the initiative, underscoring its significance. The plan aims to unite artists, musicians, and cultural delegations from both regions for joint events and projects.

Business

Overview of Pakistan’s Federal Budget 2026-27

ISLAMABAD — The Pakistan federal budget for the fiscal year 2026-27 was recently unveiled in the National Assembly. This budget presents a comprehensive financial strategy, focusing on fostering economic growth and ensuring financial stability. Total Revenue Estimates The total estimated resources are Rs. 18,771 billion. The Federal Board of Revenue (FBR) will significantly contribute Rs. 15,264 billion to the Federal Consolidated Fund through tax revenue. Non-Tax and Gross Revenue Projections for non-tax revenue stand at Rs. 5,336 billion, while the gross revenue receipts are expected to total Rs. 20,600 billion. Of these receipts, Rs. 8,848 billion will serve as the provincial share. Net Revenue Receipts Following the allocation of the provincial share, net revenue receipts are calculated at Rs. 11,751 billion. This financial framework aims to support Pakistan’s economic development while maintaining fiscal discipline.

Pakistan

Ayaz Sadiq Commends Security Forces’ Success in North Waziristan

ISLAMABAD — Sardar Ayaz Sadiq, Speaker of the National Assembly, commended the security forces for their successful operation in North Waziristan on Saturday. The operation led to the elimination of 21 terrorists, reportedly backed by India. Recognition of Security Forces’ Efforts In his statement, Sadiq praised the security personnel for their professionalism and courage. He emphasized their unwavering dedication to ensuring peace and security in Pakistan. Their actions are instrumental in maintaining regional stability and demonstrate a commitment to the nation’s safety. Support for Anti-Terrorism Measures The Speaker’s remarks reflect the ongoing support for the armed forces in their fight against terrorism. These anti-terrorism initiatives are vital for preserving Pakistan’s national integrity and security.

Pakistan

Riphah and CIFM Host Open House on Family Medicine Careers

PESHAWAR — Peshawar Medical College recently hosted an Open House dedicated to postgraduate training in Family Medicine. This event was organized by Riphah International University, Peshawar Campus, in partnership with the Central Institute of Family Medicine (CIFM), Lahore. Career Opportunities in Family Medicine Medical students, house officers, and practitioners gathered to enhance their careers in Family Medicine. The Open House aimed to highlight various career pathways and training opportunities available in this essential medical field. Expert Insights on Family Medicine Participants engaged with industry experts to explore career prospects in Family Medicine. Discussions were centered on the evolving landscape of this medical specialty within the region. Importance of Family Medicine Riphah International University and CIFM highlighted Family Medicine’s growing significance in providing comprehensive healthcare solutions. This underlines Family Medicine’s crucial role in improving regional healthcare services.

Scroll to Top