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Category: Business

Oil

Oil Shock Sends Global Markets Reeling as US-Iran Standoff Sparks Fresh Fears

June 4, 2026
Global financial markets came under renewed pressure after escalating tensions between the United States and Iran sparked concerns about regional stability and the security of energy supplies. The latest developments pushed oil prices sharply higher and triggered volatility across major stock exchanges, highlighting the far-reaching economic consequences of geopolitical conflicts in the Middle East. According […]
Pakistan

Rs.1.7 Trillion at Stake? Centre’s NFC Proposal Sparks Fierce Provincial Resistance

June 4, 2026
Disagreements over NFC allocations, taxation powers and development funding intensify as Pakistan prepares its federal budget. ISLAMABAD: A fresh dispute over resource distribution has emerged between Pakistan’s federal government and the provinces after the Centre reportedly sought adjustments to the National Finance Commission (NFC) Award that could reduce provincial revenues by nearly Rs1.7 trillion. The […]

Shock Trade Move: US Slaps 12.5% Tariff on India While Pakistan and 40+ Nations Face Lower Duties

June 3, 2026
WASHINGTON: In a significant development that could reshape global trade dynamics, the United States has proposed new tariffs on imports from 60 economies, with India among the countries facing the highest additional duty of 12.5%. The move comes as Washington intensifies efforts to combat products linked to forced labor in international supply chains. According to […]

Islamabad’s Business Hours Extended, What the New Timings Mean for Shoppers and Traders

June 3, 2026
New timings allow shopping malls, wedding halls and restaurants to remain open longer following a decision taken during a high-level austerity meeting. ISLAMABAD: In a significant move aimed at balancing economic activity with administrative efficiency, the federal government has approved an extension in operating hours for shops and commercial centers across Islamabad, providing relief to […]
Poultry

Court’s Surprise Tax Ruling Sparks Relief for Poultry Sector Days Before Budget

June 2, 2026
ISLAMABAD: In a significant development just days before the federal budget, the Federal Constitutional Court (FCC) has ruled against the imposition of a 4 percent additional sales tax on poultry feed manufacturers supplying feed to unregistered poultry farms, providing major relief to Pakistan’s poultry industry. The detailed judgment, issued by a two-member bench comprising Justice […]
Mansehra

From Mansehra to Chilas: Massive New Motorway Plan Promises Faster Access to China and Gwadar

June 2, 2026
The 172-kilometre motorway is expected to improve regional connectivity, boost trade, and provide a faster alternative to the Karakoram Highway. ISLAMABAD: The federal government has announced plans for a major new motorway connecting Mansehra, Kaghan, Naran, Jhalakand, and Chilas, a project officials say could significantly enhance trade, tourism, and regional connectivity across northern Pakistan. The […]
Pakistan

Despite Losing Cultivable Land, Pakistan’s Farm Sector Posts Growth Ahead of Budget 2026

June 2, 2026
ISLAMABAD: Pakistan’s agriculture sector demonstrated resilience during fiscal year 2025-26, recording a growth rate of 2.9% despite a significant decline in cultivable land, according to findings from the National Economic Survey set to be officially released ahead of Budget 2026. The survey revealed that cultivable land decreased by 3.6% during the year under review. However, […]
Pakistan

Rs.10 Trillion Development Shock: Government Faces Tough Choices as Budget 2026–27 Plans Take Shape

June 1, 2026
ISLAMABAD: Pakistan’s development priorities for the upcoming fiscal year came under intense review on Monday as the Annual Plan Coordination Committee (APCC) examined a proposed Rs1.126 trillion allocation for the Public Sector Development Programme (PSDP) amid mounting fiscal pressures and a rapidly expanding development pipeline estimated at nearly Rs10 trillion. The meeting, chaired by Federal […]
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