Tag: latest news

PM Shehbaz takes Notice of Media Reports over Tax Defaulters

Amir Hamza Shaukat
PM Shehbaz takes Notice of Media Reports over Tax Defaulters

PM Shehbaz Sharif on Monday took a notice of media reports regarding the arrest of tax defaulters and issued strict instructions that no such legal amendments should be use to harass the business community or taxpayers under any circumstances. The prime minister directed the formation of a special committee on this matter. The prime minister chaired a review meeting of matters related to the Federal Board of Revenue (FBR), PM Office Media Wing said in a press release. The meeting was attend by the Ministers for Defence, Law, Commerce, Economic…

Punjab Budget 2025-26 | Govt Approves Hike in Salaries

Amir Hamza Shaukat
Punjab Budget 2025-26 | Govt Approves Hike in Salaries

Punjab Budget 2025-26, government has approved a 10% salary increase for government employees and a 5% pension raise for retired personnel in the fiscal year 2025-26. The government has allocated Rs. 171.7 billion for foreign-funded projects, approved 5.9 percent increase in the volume of ongoing expenditure, the volume of ongoing expenditure was kept at Rs. 2,026.7 billion. The government has also approved 47.2 percent increase in development budget by allocating Rs. 1,240 billion. The Punjab government has increased allocation in education sector by allocating Rs. 811.8 billion, showing increase in…

Budget 2025-26 | Govt sets 4.2% Growth Target

Amir Hamza Shaukat
Budget 2025-26 | Govt sets 4.2% Growth Target

In Budget 2025-26 the government has set Pakistan’s economic growth target at 4.2% for the upcoming fiscal year. As a component of wider macroeconomic strategy, the inflation rate is set to be capped at 7.5%, reflecting a prudent yet hopeful stance on fiscal management in the face of both domestic and global economic pressures. For the industrial sector, a growth rate of 4.3% is proposed. Within this, large-scale manufacturing is expected to grow by 3.5%. In the services sector, the overall growth target has been set at 4% for FY2025-26…

Iran Denies ‘Unfounded’ Accusations of Violating UN Arms Bans on Yemen

Amir Hamza Shaukat
Iran Denies ‘Unfounded’ Accusations of Violating UN Arms Bans on Yemen

Ambassador of Iran and permanent representative to the United Nations has rejected allegations of violating the UN arms embargo on Yemen as “entirely unfounded,” reaffirming Tehran’s noninvolvement in any action breaching Security Council resolutions. Amir Saeed Iravani made the remarks while addressing the UN Security Council during an open debate meeting titled “Strengthening Maritime Security through International Cooperation for Global Stability” on Tuesday. His remarks came shortly after the acting US representative to the UN, Dorothy Shea, accused Tehran of violating a UN’s arms embargo on Yemen through supporting the…

Russia President Putin visits Kursk region for first time since ejecting Ukrainian forces

Amir Hamza Shaukat
president putin

Russia President Vladimir Putin has visited the border region of Kursk for the first time, since Russian forces ejected Ukrainian troops from the area last month, the Kremlin said. Ukrainian forces made an incursion into the Kursk region in August 2024 in one of their boldest battlefield successes in the more than three-year war. It the first time Russian territory was occupied by an invader since World War II. Since the end of 2023, Russia has mostly had the advantage on the battlefield, with the exception of Kursk. At the…