ISLAMABAD: Pakistan’s economic outlook 2027 could improve following the end of the conflict between the United States and Iran, but it is still too early to revise official budget projections, Finance Minister Muhammad Aurangzeb said. Speaking to Reuters shortly after Washington and Tehran signed an agreement to end hostilities, Aurangzeb said the damage caused to energy infrastructure during the conflict would continue to affect supply chains and inflation in the near term. He said the government had been closely monitoring the possible economic consequences if the conflict continued. While the ceasefire offers positive prospects for Pakistan’s economy, the country still…
Author: Web Desk
A PAF trainer aircraft crash near Mardan on Monday claimed the lives of two military pilots during a routine training mission, according to the Inter-Services Public Relations (ISPR). The pilots were identified as Flight Lieutenant Muhammad Qasim Abdullah of the Pakistan Air Force and Lieutenant Taha Abbasi of the Pakistan Navy. Both officers embraced martyrdom in the accident. The military’s media wing said Air Headquarters has constituted a board of inquiry to determine the cause of the crash. Chief of Army Staff and Chief of Defence Forces Field Marshal Asim Munir, the services chiefs and all ranks of the Pakistan…
Prime Minister Shehbaz Sharif announced on Monday that Pakistan will host the signing ceremony of a landmark agreement between the United States and Iran aimed at ending a conflict that has lasted for more than three months. Addressing the National Assembly, the prime minister said the ceremony would take place in Geneva on June 19 and described it as a historic moment for peace and diplomacy. The agreement provides a framework to end the war, lift the US blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. The conflict began in late February…
The United States and Iran have reached a preliminary US-Iran ceasefire agreement aimed at ending months of conflict and restoring stability to global energy markets, officials from both countries said. The framework agreement marks the most significant breakthrough since the war began in February following joint US-Israeli strikes on Iran. The conflict has claimed thousands of lives, disrupted regional security, and shaken international oil markets. Pakistan played a key mediating role in the negotiations. Prime Minister Shehbaz Sharif announced on Monday that both sides had agreed to an immediate and permanent end to military operations on all fronts, including Lebanon.…
Prime Minister Shehbaz Sharif on Saturday renewed his call for a “Charter of Democracy” and a Charter of Economy, urging the opposition to work together for national unity and long-term political stability in Islamabad. Addressing the National Assembly a day after the federal budget for the 2026–27 fiscal year was presented, he said Pakistan’s progress depends on cooperation beyond political divides. He stressed that the Charter of Democracy is essential to strengthen democratic continuity and reduce political tension. The prime minister said he had repeatedly invited the opposition for dialogue, adding that ensuring balanced development across all provinces remains his…
Finance Minister Muhammad Aurangzeb said on Saturday that Pakistan’s economy is now moving from stabilisation towards growth as the government presented key details of the federal budget for the 2026–27 fiscal year. He said Pakistan’s economy is heading in the right direction and the next phase will focus on strengthening growth through exports and structural reforms. Speaking at a post-budget press conference, the finance minister said the government has worked on improving both tax collection and export performance. He added that the budget reflects a clear shift in strategy, with export-led growth at its core. According to him, Pakistan’s economy…
Pakistan football has reached a historic milestone after the national team secured qualification for the inaugural FIFA ASEAN Cup, marking its first-ever appearance in a FIFA tournament outside traditional qualification events. According to sources, Pakistan received an official invitation from FIFA to take part in the newly launched competition, and the Pakistan Football Federation has accepted the offer. The FIFA ASEAN Cup will be held in Indonesia from September 21 to October 6. It will bring together teams from across the region in a new competition designed to expand international football opportunities. Pakistan will compete in Division 1 alongside regional…
Pakistan’s government has proposed a fixed tax system for traders as part of the federal budget for 2026-27, aiming to simplify taxation for small businesses and improve voluntary compliance. Presenting the budget, Finance Minister Muhammad Aurangzeb said the proposed scheme would reduce regulatory hurdles and make the tax system easier for traders and shopkeepers to understand and follow. According to budget documents, the new mechanism has been introduced under Section 1993 of the Income Tax Ordinance. Under the proposal, shopkeepers and small business owners with annual sales of up to Rs50 million will qualify for the fixed tax regime. The…
Pakistan security forces have killed 21 India-backed terrorists during a series of intelligence-based operations in the Miran Shah area and surrounding parts of North Waziristan, according to the military’s media wing. The Inter-Services Public Relations (ISPR) said the operations were carried out over the past 72 hours and involved intense exchanges of fire with militants. Among those killed were four key commanders identified as Khalid Raza alias Salar, Muftoon, Musa and Imran alias Ayan. The military described them as senior figures who played leading roles in militant activities in the region. According to ISPR, the deaths of these commanders have…
Iran has taken significant steps to secure its enriched uranium stockpile amid concerns that the United States could attempt to seize or neutralize the material, according to a report by CNN. The report, citing five sources familiar with US intelligence assessments, said Iran has deliberately collapsed tunnel entrances and planted explosives around access points to protect its nuclear assets. The measures have made access to nearly half a ton of highly enriched uranium far more difficult, dangerous and time-consuming than it was a month ago, the sources said. The developments come after US President Donald Trump suggested that Washington’s priority…
