10 h. ago Trump plans tariff blitz: 50% on copper, 200% possible for medicines

US President Donald Trump has announced plans to impose a 50% tax on copper imports, signaling a more aggressive trade policy if re-elected. Speaking during a cabinet meeting, Trump said his administration is actively working on the copper issue as part of a broader investigation into metal imports. In addition, Trump hinted at an even […]

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17 h. ago Aurangzeb leads charge to transform FBR into modern tax authority

Finance Minister Senator Muhammad Aurangzeb chaired an important meeting on Tuesday to speed up reforms in the Federal Board of Revenue (FBR). The meeting, held under the Cabinet Committee on Rightsizing, focused on transforming the FBR into a modern, transparent, and efficient tax body. Senior officials from various ministries, including the Power and Law Divisions, […]

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39 h. ago July brings 7% pension boost for retired civil, armed forces

ISLAMABAD — The federal government has approved a 7% increase in pensions for retired civil and armed forces personnel, effective July 1, 2025, as per a notification issued by the Finance Division on Monday. The decision aims to support pensioners amid rising inflation and cost of living. This raise will benefit all civil pensioners, including […]

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69 h. ago President, PM urge nation to embrace Imam Hussain’s (RA) teachings on Ashura

On the solemn occasion of Ashura, President Asif Ali Zardari and Prime Minister Shehbaz Sharif called on the nation to follow the path of Hazrat Imam Hussain (RA). They said his life and sacrifice offer timeless lessons of truth, courage, and patience. The leaders emphasized that the events of Karbala serve as a beacon of […]

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4 d. ago Pakistan, Azerbaijan ink $2 billion investment deal: PM Shehbaz

Prime Minister Shehbaz Sharif has confirmed that Pakistan and Azerbaijan have signed a $2 billion investment agreement, aimed at boosting economic cooperation between the two countries. The announcement came during the PM’s official visit to Baku, where he met with Azerbaijani President Ilham Aliyev. Speaking to the media, PM Shehbaz called his meeting with President […]

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4 d. ago PM Shehbaz slams Israeli strikes on Iran, stands firm with oppressed nations

Prime Minister Shehbaz Sharif has strongly condemned what he called “unjustified, illegal, and unnecessary Israeli aggression” against neighboring country Iran, during his address at the 17th Heads of State Summit of the Economic Cooperation Organization (ECO) held in Baku. He expressed deep sorrow over the civilian casualties caused by the Israeli strikes and extended condolences […]

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5 d. ago Jennifer Lopez and Ben Affleck Makes Surprising Financial Move After Divorce Finalization

Jennifer Lopez and Ben Affleck have made a surprising financial move after finalizing their divorce: they have taken their $68 million Los Angeles marital home off the market. The couple had put their Beverly Hills estate up for sale in June 2024, but despite efforts to sell, including lowering the price to $59.95 million, they […]

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6 d. ago Govt Introduces Massive Import Duty Cuts on Luxury SUVs and Cars Under Finance Act 2025

In a major policy shift under the Finance Act 2025, the Government of Pakistan has reduced import duties on luxury vehicles, including high-end SUVs like the LC300, LC200, LX570, and LX600. The revised duties aim to provide relief to automotive enthusiasts and make imported vehicles more affordable for buyers across the country. What’s Changed? As […]

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8 d. ago Pakistan steps up in global development talks at Spain conference

ISLAMABAD – Federal Finance Minister Senator Muhammad Aurangzeb has departed for Seville, Spain, to attend the Fourth International Conference on Financing for Development (FFD4), taking place from July 1 to 3, 2025. The global event will bring together world leaders and economic experts to develop new strategies for sustainable finance, especially for countries pursuing the […]

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8 d. ago PM Shehbaz calls on nation to strengthen parliamentary institutions on international day

ISLAMABAD – Prime Minister Muhammad Shehbaz Sharif has urged the nation to renew its commitment to strengthening parliamentary institutions and protecting democratic values. He highlighted the importance of ensuring that citizens’ voices are truly heard in the lawmaking process. In his message on International Day of Parliamentarism, observed annually on June 30, the Prime Minister […]

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1 week ago SOE losses hit Rs1.9 billion daily, govt warned of urgent reforms

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) are losing nearly Rs1.9 billion every day, with total accumulated losses now reaching Rs5.8 trillion, sparking alarm within the federal government. In a recent meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb, officials presented a bleak report covering July to December 2024. […]

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1 week ago PTA to block SIM cards issued to deceased individuals starting june 30

The Pakistan Telecommunication Authority (PTA) will begin blocking SIM cards registered to deceased persons from June 30, 2025, to curb the growing misuse of inactive identity records in financial fraud, terrorism, online scams, and illegal activities. This nationwide operation follows a data-sharing agreement with NADRA, which provided the PTA with verified records of CNICs belonging […]

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1 week ago Finmin stresses reforms, strengthened governance in public sector enterprises

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday reaffirmed the government’s commitment to strengthening the governance, operational efficiency and financial sustainability of key public sector entities. Chairing a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), the Finance Minister stressed the importance of aligning business plans with national priorities and addressing operational […]

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1 week ago PM Shehbaz calls 2025–26 budget a people’s budget, urges unity for growth

ISLAMABAD – Prime Minister Shehbaz Sharif on Friday said the federal budget 2025–26 reflects the aspirations of the people and is a product of collaboration and national interest. He made these remarks in a meeting with senators and MNAs, a day after the National Assembly passed the Rs17.6 trillion budget with strong support from coalition […]

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1 week ago State bank of Pakistan declares bank holiday on july 1, public services to pause

KARACHI — The State Bank of Pakistan (SBP) has announced a bank holiday on Tuesday, July 1, 2025, during which all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) will close their doors to the public. This closure means no public banking services will be available on that day. According to an official notification […]

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1 week ago Punjab assembly passes Rs5,300 billion budget for fiscal year 2025–26

LAHORE, June 26, 2025 — The Punjab Assembly on Thursday approved the Punjab Finance Bill 2025–26 by a majority vote, passing the province’s annual budget with a total volume of Rs5,300 billion for the upcoming fiscal year. The approved budget includes Rs4,329 billion in demands for grants, covering a wide range of sectors including health, […]

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1 week ago PM Shehbaz, US secretary of state discuss ceasefires and bilateral ties in cordial phone call

ISLAMABAD, June 26, 2025 — Prime Minister Shehbaz Sharif received a telephone call from U.S. Secretary of State Marco Rubio on Thursday evening, during which both leaders discussed regional peace efforts and the future of Pakistan–U.S. relations. The Prime Minister commended U.S. President Donald Trump’s decisive leadership in securing the ceasefire between Iran and Israel, […]

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1 week ago Pakistan approves Rs17.57 trillion federal budget for 2025–26 with key tax reforms

The National Assembly of Pakistan has officially approved the Rs17,573 billion federal budget for the fiscal year 2025–26, passing the Finance Bill with a majority vote. All cut motions from the opposition were rejected during Thursday’s session. Under the approved budget, the Federal Board of Revenue (FBR) has set a tax collection target of Rs14,131 […]

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1 week ago Pakistan’s national assembly passes budget for 2025–26 with amendments

The National Assembly of Pakistan has passed the federal budget for the upcoming fiscal year 2025–26. The approval came after several days of debate, discussions, and review by lawmakers during a special session held in Islamabad. Members of the assembly approved the Finance Bill 2025 through a clause-by-clause voting process, making it the official budget […]

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1 week ago Finance bill 2025: Cabinet meeting called under PM Shehbaz’s leadership

The federal cabinet will hold a crucial meeting tomorrow (June 26, 2025) to review and approve the new Finance Amendment Bill for the upcoming fiscal year. The meeting will be chaired by Prime Minister Shehbaz Sharif and is scheduled to begin at 10:30 AM at the Parliament House in Islamabad. Finance Minister Senator Muhammad Aurangzeb […]

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