Islamabad – The Pakistani government has given fresh assurances to the International Monetary Fund (IMF) regarding aggressive revenue collection through petroleum surcharges and levies, according to official sources.The government has set a target to collect Rs 10,780 billion (Rs 10.78 trillion) from the public over the next five years under the head of petroleum…
Lahore – As Pakistan prepares for the new fiscal year 2026-27, the government of Punjab has proposed a record development budget of Rs 1,450 billion, positioning the province as the clear leader among all four provinces and even surpassing the federal government’s development outlay.According to official documents, the combined Annual Development Plans (ADPs) of all…
Islamabad – Pakistan’s headline inflation accelerated sharply in May 2026, reaching its highest level in 23 months, according to the Pakistan Bureau of Statistics (PBS).The year-on-year Consumer Price Index (CPI) inflation stood at 11.7% in May 2026. This marks a significant increase from 3.5% recorded in May 2025.Urban areas: Inflation rose to 11.79%Rural areas: Inflation…
LAHORE — The Punjab government has decided to present a tax-free budget for the upcoming fiscal year, sources confirmed on Monday. No new taxes will be imposed on the general public, as the provincial administration moves to ease the financial burden on ordinary citizens.According to sources, subsidy programmes for farmers, students, and labourers will continue…
Military ruler set to meet PM Modi in New Delhi as both nations seek to deepen bilateral ties amid regional tensionsNew Delhi / Naypyidaw | June 1, 2026Myanmar’s junta chief-turned-president, Senior General Min Aung Hlaing, has arrived in India on a significant five-day state visit during which he is scheduled to hold high-level talks with…
Israeli PM directs military to strengthen and widen presence across Lebanese territoryTel Aviv / Beirut | June 1, 2026Israeli Prime Minister Benjamin Netanyahu has formally announced a significant escalation of ongoing military operations in Lebanon, ordering the Israeli Defense Forces to deepen and expand their footprint across Lebanese territory. The declaration came following an emergency…
Foreign Minister proposes a unified regional platform comprising Pakistan, Saudi Arabia, Egypt, and Gulf statesAnkara / Islamabad | June 1, 2026Turkey has issued a landmark diplomatic declaration, stating it will not join the United States-brokered Abraham Accords unless and until an independent, sovereign Palestinian state is formally established. The Turkish Foreign Ministry described this as…
WASHINGTON — The Trump administration has moved to reassure immigrants and employers that recent changes to green card processing policy will not harm eligible applicants, even as former immigration officials and legal experts raised serious concerns about the real-world consequences of the new directive.According to CBS News, the clarification came amid growing alarm that a…
TEHRAN / WASHINGTON — Tensions between Iran and the United States have escalated sharply over the stalled nuclear agreement and the Strait of Hormuz dispute. Iran’s Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf has declared unequivocally that no deal with Washington will be accepted until the rights of the Iranian nation are fully secured.According…
ISLAMABAD / LAHORE — In a major security mobilization ahead of the upcoming general elections in Gilgit-Baltistan, authorities have formally requisitioned 5,000 personnel from the Punjab Police to ensure peaceful and secure polling across the region.According to official sources, the Gilgit-Baltistan administration, in coordination with the federal government, has requested the deployment of trained Punjab…
