Author: Admin

ISLAMABAD: The federal government is set to present the Budget for Fiscal Year 2026-27 in the National Assembly today (Friday), outlining its fiscal priorities, revenue measures, and expenditure plans aimed at sustaining economic stability and growth. Finance Minister Muhammad Aurangzeb will present the federal budget, which is expected to focus on economic reforms, revenue generation, development spending, and measures aligned with the government’s broader macroeconomic stabilization agenda. The budget was initially scheduled to be presented on June 10 but was later rescheduled by the government. Economic Survey Highlights Growth Ahead…

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LAHORE: Pakistan’s energy sector witnessed a significant transition during the first nine months of FY2025-26, as hydropower, renewable energy and nuclear power collectively surpassed thermal power in installed electricity generation capacity for the first time, according to the Pakistan Economic Survey 2025-26. The survey highlights a steady shift toward cleaner and indigenous energy resources as the government continues efforts to strengthen energy security, reduce dependence on imported fuels, and promote sustainable and affordable power generation. Pakistan’s total installed electricity generation capacity rose to 49,651 megawatts (MW), compared to 45,782MW a…

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ISLAMABAD: Pakistan’s poverty rate has risen sharply by seven percentage points over the past six years, pushing an estimated 27 million additional people into financial distress and increasing the country’s total impoverished population to around 70 million, according to the Economic Survey 2025-26. The survey reveals that the national poverty rate increased from 21.9% in 2018-19 to 28.9% in 2024-25, reflecting the mounting economic challenges faced by households across the country. Poverty remains considerably higher in rural areas, where the rate surged from 28.2% to 36.2%, while urban poverty climbed…

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Gwadar: A significant crude oil spill has been reported along approximately 20 kilometers of the western coastline of Gwadar, raising serious environmental concerns and posing potential threats to marine life and local fishing activities. According to reports, large quantities of crude oil have accumulated along the shoreline, affecting coastal ecosystems and creating risks for the region’s fisheries sector, which serves as a vital source of livelihood for local communities. The Deputy Director of Environment stated that the pollution incident may be linked to ongoing tensions in the Strait of Hormuz.…

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ISLAMABAD: Cherat Packaging Limited (CPPL) has commissioned a 2.7-megawatt solar power plant at its manufacturing facility in Gadoon Amazai, Khyber Pakhtunkhwa, according to a notification submitted to the Pakistan Stock Exchange on Wednesday. The company stated that this new installation is in addition to its previously operational 1MW solar power system at the same site, further expanding its renewable energy footprint. CPPL said the new solar facility will help reduce operational energy costs while contributing to environmental sustainability through the use of clean and renewable energy sources. Incorporated in 1989…

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