6 h. ago Lawmakers call for charter of economy for sustainable growth

Resuming debate on budget for fiscal year 2025-26 on Friday, lawmakers at National Assembly emphasized the need to accelerate reforms, adhere to an export-led growth strategy, and develop a charter of economy to ensure policy consistency, which they said is essential for achieving sustainable development. Participating in the debate, Pakistan Peoples Party (PPP) MNA Dr. […]

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8 h. ago Field Marshal’s US visit reaffirms commitment to regional peace, counterterrorism, economic growth

COAS highlights Pakistan’s unwavering commitment to regional peace and stability and its constructive role in fostering a rules-based international order Field Marshal Munir shed light on Pakistan’s remarkable untapped potential, particularly in IT, agriculture, and vast underexploited reserves in the mining and mineral sectors Interaction with prominent US think tanks and strategic affairs institutions provided […]

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12 h. ago Israel committed war crimes, targeted nuclear sites, says Iranian FM

Iranian Foreign Minister Abbas Araghchi accused Israel of committing war crimes and launching an unprovoked attack on Iran. Speaking at the UN Human Rights Council in Geneva, he said Israel violated international law and the UN charter by targeting Iran’s peaceful nuclear facilities and civilian areas. He revealed that hundreds of Iranians have been killed […]

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14 h. ago China braces for more floods as monsoon rain batters key provinces

China issued red flood alerts across multiple provinces on Friday as extreme storms continue to slam the country’s central and southern regions. The heavy downpours, triggered by the early arrival of the East Asia monsoon, are putting millions at risk and disrupting the world’s second-largest economy. According to state media, the warnings—the first of the […]

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19 h. ago Textile exports grow 7.37% to $16.36 billion in first 11 months of FY 2024

Pakistan’s textile exports increased by 7.37% during the first eleven months of the current financial year, reaching $16.36 billion. This marks a significant rise compared to $15.24 billion in the same period last year, according to the Pakistan Bureau of Statistics (PBS). The growth was driven by strong performance in key segments. Knitwear exports surged […]

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20 h. ago Government flags serious economic risks threatening next fiscal year’s budget

ISLAMABAD – The government has warned in a report submitted to Parliament that next year’s budget faces several serious economic and financial risks. These include slow economic growth, rising inflation, and an increasing debt burden. The report highlights key challenges such as below-target GDP growth, sudden inflation spikes, exchange rate fluctuations, declining revenues, rising debt […]

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34 h. ago PM directs finalization of industrial policy at earliest to boost production

PM Shehbaz describes industrial sector as backbone of the country’s exports, stresses industry development to achieving export-led economic growth Notes uncertain industrial policies have hindered industrial growth, saying through effective policy, industrial development will be taken to new heights ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday directed to finalize the industrial policy at the […]

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34 h. ago Dairy Association urges GST reduction to restore nutrition access and industry stability

The Pakistan Dairy Association (PDA) has called on the federal government to urgently revise its taxation policy on milk, warning that the current 18% General Sales Tax (GST) on packaged dairy products is undermining both public nutrition and the formal dairy economy. Speaking at a media briefing in Lahore, PDA Chairman Usman Zaheer, CEO Dr. […]

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39 h. ago PM Shehbaz urges swift finalization of national industrial policy to boost local manufacturing

Prime Minister Shehbaz Sharif has directed authorities to quickly finalize the National Industrial Policy in consultation with all relevant stakeholders. Chairing a high-level meeting in Islamabad on Thursday, he emphasized the importance of resolving industrial sector challenges and speeding up local manufacturing growth. The Prime Minister said domestic industries are key to achieving export-led economic […]

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66 h. ago PM Shehbaz forms committee to boost cashless economy and digitization

ISLAMABAD – Prime Minister Muhammad Shehbaz Sharif on Wednesday formed a high-level committee to promote a cashless economy and speed up digitization across Pakistan. The prime minister will personally chair the committee and oversee its progress weekly. During the meeting, the prime minister stressed that digitizing the economy is one of the government’s top reform […]

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68 h. ago US lawmakers seek to restrict Trump from starting military action against Iran

WASHINGTON – As hostilities between Israel and Iran intensify, US lawmakers from both parties have taken steps to prevent former

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3 d. ago Trump demands Iran’s ‘unconditional surrender’ as Tehran, Tel Aviv trade strikes on fifth day of conflict

US ramps up military deployment with more fighter aircraft and other warplanes to Middle East to bolstering its forces in the region Iran launches new wave of fierce attacks hitting major centre of Israeli spy agency Mossad US lawmaker Thomas Massie with fellow lawmaker Ro Khanna introduce resolution to prohibit US involvement in the war […]

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3 d. ago US spies said Iran wasn’t building a nuclear weapon but Trump dismisses that assessment

Tulsi Gabbard left no doubt when she testified to Congress about Iran´s nuclear program earlier this year. The country was not building a nuclear weapon, the national intelligence director told lawmakers, and its supreme leader had not reauthorized the dormant program even though it had enriched uranium to higher levels. But President Donald Trump dismissed […]

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3 d. ago Field Marshal lauds expats significant role as Pakistan’s Ambassadors

Gen Munir receives a warm reception and welcome from overseas Pakistanis in Washington COAS acknowledges overseas Pakistanis’ contributions to national economy and global reputation WASHINGTON: Chief of Army Staff Field Marshal Syed Asim Munir on Tuesday expressed his deep appreciation for the vital and most significant role being played by overseas Pakistanis for being ambassadors […]

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3 d. ago Zardari and Shehbaz discuss economy and political climate in key meeting

President Asif Ali Zardari and Prime Minister Shehbaz Sharif met to discuss Pakistan’s current political and economic situation. During the meeting, Shehbaz Sharif briefed the president on his recent visit to the United Arab Emirates and shared key developments. They also exchanged views on the upcoming federal budget. President Zardari stressed the importance of strengthening […]

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3 d. ago Pakistan’s IT exports see first dip in 19 months despite strong annual growth

Pakistan’s IT exports slightly dropped by 1% year-on-year in May 2025, reaching $329 million. This marks the first yearly decline in 19 months. However, exports rose 4% month-on-month, crossing the 12-month average of $314 million. The daily average in May was $16.5 million, higher than April’s $15.9 million. Despite the dip, exports showed steady performance […]

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3 d. ago Rs 1,028 billion budget: Balochistan aims for growth with surplus focus

The Balochistan government has announced a record-breaking Rs 1,028 billion budget, the largest in its history. Finance Minister Mir Shuaib Noshirovani presented the budget during a session chaired by Speaker Abdul Khaliq Achakzai. For the first time, the province has introduced a budget that crosses the trillion-rupee mark. Notably, the budget also includes a surplus […]

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3 d. ago Aurangzeb: Economy shielded against middle east crisis, US tariffs under review

Finance Minister Muhammad Aurangzeb assured that Pakistan is fully prepared to handle any economic fallout from Middle East tensions. Speaking at a national workshop in Islamabad, he said the government recently held meetings with key officials. These meetings focused on stock reserves and keeping asset prices stable in case of regional escalation. The minister expressed […]

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3 d. ago Pakistan joins China’s GDI to speed up progress on sustainable development goals

ISLAMABAD – Pakistan has officially aligned itself with China’s Global Development Initiative (GDI) to accelerate its progress toward achieving the 2030 Sustainable Development Goals (SDGs). With strong bilateral ties and ongoing cooperation under the China-Pakistan Economic Corridor (CPEC), Pakistan is in a strategic position to embed GDI into its national development agenda. The Global Development […]

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3 d. ago PM Shehbaz highlights blue economy as key to Pakistan’s growth

ISLAMABAD – Prime Minister Shehbaz Sharif has stressed the vital role of the blue economy in Pakistan’s development, calling it a major force for national and regional economic progress. While speaking at the soft launch of the second International Maritime Expo and Conference in Islamabad, the prime minister stated that Pakistan must fully explore its […]

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