Business

ISLAMABAD — Dream Land Handicraft, located on College Road in Rawalpindi, is more than a retail store for decorative items and pottery. Managed by Syed Muhammad Naeem, it serves as a pioneering educational platform, enhancing Pakistani engagement with China. Building Pak-China Business Opportunities Naeem has dedicated years to strengthening business opportunities between Pakistan and China. His shop goes beyond retail by offering locals practical lessons on navigating economic ties with China, an influential neighbor. Promoting Grassroots Economic Cooperation This innovative strategy underscores the potential of grassroots efforts to foster bilateral economic cooperation. It establishes new channels for learning and collaboration, thereby reinforcing Pak-China economic relations.

SWAT — The stunning emerald valleys of Upper Swat are witnessing an exceptional tourism surge, attracting thousands of visitors to its scenic landmarks. This influx transforms the area into a vibrant hub for both recreation and the local economy. Key Destinations Fueling Tourism Surge Prominent destinations including Kalam, Bahrain, Madain, Mahudhand Lake, Osho Valley, Jazz Banda, and Malam Jabba are instrumental in propelling this tourism boom. Economic Impact on Local Communities The rise in tourism is rejuvenating local communities. It opens up numerous livelihood opportunities and boosts local businesses. The influx encourages cultural exchange and provides crucial economic support to residents. This fosters a climate of development and instills hope. Sustainable Management Efforts Local authorities and stakeholders are collaborating to manage this growth sustainably. They focus on preserving the region’s natural beauty and cultural heritage while accommodating tourists. This wave of tourism has turned Upper Swat into a beacon of promise, highlighting sustainable travel’s positive impact on regional prosperity.

ISLAMABAD — Trade bodies and business leaders across Pakistan have praised the Federal Budget 2026-27, describing it as a business-friendly and growth-driven fiscal roadmap. The budget includes measures designed to boost economic activity, encourage investment, and support sustainable development. Support for Economic Sectors The business community values the government’s efforts in presenting a balanced budget. It addresses the needs of various sectors, offering a blueprint for economic growth. This initiative creates a supportive environment for businesses to prosper. Encouraging Economic Growth Trade leaders express positive sentiments regarding the fiscal planning for the upcoming year. They view the budget as a vital step toward enhancing the country’s economic landscape. This well-received initiative is expected to facilitate both economic growth and development.

Larkana’s Sugarcane Juice Delight LARKANA — On the bustling Sheikh Zayed Children Hospital Road, a local vendor attracts attention by preparing fresh sugarcane juice. Passersby are drawn in by the refreshing aroma, adding to the area’s diverse street food scene. Vital Role of Street Vendors in Larkana Sheikh Zayed Children Hospital Road is a crucial part of Larkana, drawing both locals and tourists. Roadside vendors, such as the sugarcane juice sellers, are vital in offering quick refreshments. Demand for these cool drinks surges during the warmer months. Boosting the Local Economy and Culture The vibrant street vendor presence highlights Larkana’s dynamic food culture. These vendors fuel the local economy and enrich the city’s social atmosphere. Their contribution is essential to Larkana’s cultural identity.

Senator Muhammad Abdul Qadir, Chairman of the Senate Standing Committee on Defence Production, has commended the federal government’s balanced and growth-focused budget for 2026–27. He described the budget as realistic, with a strong emphasis on economic stability and national development goals. Economic Stability and National Growth Senator Qadir highlighted the budget objectives as essential for promoting economic stability and advancing the national growth agenda. He emphasized the importance of broader public relief to ensure the economic benefits reach various segments of society. Addressing Challenges with Effective Policies The senator acknowledged the significant challenges encountered during the budget formulation process. He underscored the necessity for implementing policies that not only stabilize the economy but also significantly enhance citizens’ quality of life.

ISLAMABAD — Federal Parliamentary Secretary for Information and Broadcasting, Barrister Danyal Chaudhry, praised the 2026-27 federal budget on Saturday, describing it as both balanced and people-friendly. Focus on Economic Stability Chaudhry highlighted the role of the budget in promoting economic stability. He emphasized the government’s commitment to addressing public needs while maintaining fiscal responsibility. Enhancing Public Welfare The budget is designed to enhance public welfare. Initiatives introduced aim to provide relief across various sectors, fostering a positive economic environment. Measures for Economic Growth New measures are aimed at stimulating economic growth. These steps are considered crucial for building a robust economy. Nationwide Approval Supporters nationwide have welcomed the budget. It aligns with the country’s economic goals, aiming to improve living standards and further economic progress.

ISLAMABAD — Balochistan Finance Minister Mir Shoaib Nosherwani praised the federal budget for 2026-27. He emphasized its significant focus on economic stability and sustainable development. Major Funding for Water and Irrigation Finance Minister Nosherwani highlighted substantial budget allocations for essential water and irrigation projects in Balochistan. These initiatives demonstrate the federal government’s commitment to addressing developmental challenges in the province. Focus on Infrastructure and Public Welfare Nosherwani’s approval of the budget aligns with an increased focus on infrastructure enhancement and public welfare in Balochistan. The budget is designed to uplift socio-economic standards in the region by targeting crucial improvements.

Praise for Business-Friendly Budget ISLAMABAD — The Federal Budget 2026-27 has received commendation from trade leaders, industrial sectors, political figures, and civil society. The budget is recognized for its balanced, growth-oriented, and business-friendly measures. These measures aim to enhance economic stability, encourage investment, and support developmental priorities, all while navigating existing fiscal challenges. Fostering Economic Environment and Job Creation Representatives highlighted the budget’s potential to create a favorable economic environment. This move is expected to stimulate business expansion and create job opportunities. Various economic sectors echoed this sentiment, acknowledging the government’s effective response to financial challenges. Investment and Development Initiatives The budget includes specific measures aimed at promoting investment and development. Stakeholders believe these initiatives will significantly contribute to the country’s economic progress. The administration’s fiscal strategy is regarded positively as a step towards long-term economic goals.

ISLAMABAD — Federal government employees are set to experience significant financial improvements as the government has approved a 7 percent salary increase. This was announced by Federal Secretary for Finance Imdad Ullah Bosal and is a key component of the Budget 2026-27. Enhancements in Allowances In addition to the salary increase, government employees will benefit from further financial enhancements. Key financial changes include: A 15 percent rise in daily remuneration allowances (DRA) A 50 percent increment in conveyance allowances These initiatives aim to better align compensation with current economic demands. Integration of Adhoc Relief Allowances The government also plans to incorporate two existing adhoc relief allowances into the basic pay structure. This integration is set to offer more financial stability for employees, highlighting the government’s commitment to addressing the financial needs of its workforce amid ongoing economic challenges.

HYDERABAD — The Hyderabad SITE Association of Trade and Industry (HSATI) has expressed concern over the federal budget 2026-27, highlighting the absence of provisions for SITE area rehabilitation. The budget introduces some tariff and tax reforms, along with limited digitalization measures. However, HSATI argues these initiatives offer only partial benefits to the industrial and commercial sectors. Emphasizing Comprehensive Strategies HSATI officials underline the crucial need for a comprehensive strategy to solve longstanding issues in SITE areas. These zones play a vital role in promoting industrial growth and creating employment opportunities. Stakeholders are disappointed with the lack of specific allocations for site restoration and had anticipated more integrated development plans. Economic Reform Shortcomings Although the government’s focus on economic reform through taxation and digitalization is acknowledged, there is a failure to adequately meet the infrastructural needs of these industrial zones. Stakeholders call on the government to reconsider the budget and include targeted measures for SITE area development.