Author: Admin

KARACHI: The Sindh government on Wednesday presented a tax-free budget of Rs3.562 trillion for fiscal year 2026-27, with a projected deficit of Rs36.9 billion, while focusing on development, social welfare, infrastructure, and public relief measures. Presenting the budget in the Sindh Assembly, Chief Minister Murad Ali Shah, who also holds the finance portfolio, described it as a budget of “hope, development, and public trust,” aimed at balancing fiscal discipline with the welfare needs of citizens amid inflationary pressures, rising fuel costs, global economic uncertainty, and ongoing flood recovery efforts. The…

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Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik has announced that the government will pass on the benefits of declining global oil prices to consumers and has formed a high-level committee to develop a transparent weekly pricing formula for petroleum products. In a statement on X, the minister said that diplomatic efforts led by Prime Minister Shehbaz Sharif and other key officials are contributing to regional stability, with Iran and the United States reportedly moving closer to a ceasefire agreement. Ali Pervaiz Malik said the new pricing mechanism will help…

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KARACHI: Sindh Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon on Tuesday announced that a large number of electric and double-decker buses will be introduced in Karachi this year, marking a major expansion of the city’s public transport network. In a statement issued to the media, the senior minister said the provincial government is rapidly working to modernise Karachi’s transport system. He added that following the success of the Peoples Bus Service, the government is now expanding its fleet with environmentally friendly electric buses and modern double-decker…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed authorities to accelerate work on the federal government’s 100-megawatt solar energy project in Gilgit-Baltistan (GB), reaffirming Islamabad’s commitment to providing affordable and sustainable energy to the region. Chairing a review meeting on the progress of the project, the prime minister was informed that the solarisation of government buildings and households across Gilgit-Baltistan is progressing steadily. Officials briefed him that the Baltistan Division component of the project is expected to be completed by October 2026, while the overall 100MW solarisation initiative is scheduled…

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ISLAMABAD: Electricity consumers across Pakistan may face an increase of up to Rs1 per unit in power tariffs as the government grapples with the financial fallout of diverting indigenous gas supplies to LNG-fired power plants during the recent US-Iran conflict. According to sources, the Petroleum Division is seeking approval to charge higher tariffs on locally produced gas supplied to LNG-based power plants, a move aimed at reducing mounting losses in the gas sector and preventing further accumulation of circular debt, which has reached approximately Rs1.8 trillion. The issue emerged after…

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