Petrol Relief: Rs 300 bln subsidy on the card
- 28-Mar-2026
ISLAMABAD: The government has requested the provinces for financial cooperation to extend up to Rs 300 billion targeted subsidy for the provision of petrol relief to the masses, sources at the Ministry of Finance said on Saturday. The federal government has requested the provinces for allocation of Rs 154 billion for the subsidy scheme in […]
‘Several’ deaths in thwarted Benin coup: government
- 09-Dec-2025
COTONOU, Benin: Several people died in Benin during a thwarted coup attempt on the weekend, the west African country’s government announced Monday after an emergency cabinet meeting. Early Sunday, “violent clashes” erupted between the coup plotters and the Republican Guard at the Cotonou residence of President Patrice Talon, resulting in “casualties on both sides”, according […]
Govt abolishes export development surcharge to boost exports
- 02-Dec-2025
ISLAMABAD: The Federal Government has taken a vital decision for the promotion of exports in the country, ARY News reported. To boost the country’s export volume, the Federal Government has abolished the Export Development Surcharge (EDS) levy on all exporting goods. For this purpose, the government has issued a notification regarding an amendment to Section […]
Explainer: How a US government shutdown could affect financial markets
- 26-Sep-2025
WASHINGTON: The risk of a partial U.S. government shutdown beginning next week is rising as congressional Democrats and Republicans hit an impasse over how to continue to fund the federal government. A shutdown could affect financial markets by limiting the operations of financial regulators and delaying the publication of key economic data. A prolonged shutdown […]
UK government to take over Liberty Steel division after collapse
- 22-Aug-2025
LONDON: The British government said it will take control of a part of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, after the business was placed into liquidation following a petition from its creditors on Thursday. A judge at London’s High Court approved the petition for Yorkshire-based Speciality Steel UK, one of Britain’s largest steelworks, […]
61 government-owned scrap power plants sold for Rs46.73bn
- 25-Jul-2025
ISLAMABAD: Around 61 government-owned defunct power plants have been sold for Rs46.73bn, according to the Power Division. Employees from these now-defunct plants are being redeployed to electricity distribution companies to better utilize their expertise. These government plants were previously incurring annual expenses running into billions of rupees. This sale has not only resulted in annual […]
KP govt approves development projects worth Rs54 billion
- 03-Mar-2025
PESHAWAR: The Khyber Pakhtunkhwa (KP) government has approved 46 development projects worth over rs54 billion, ARY New reported The decision was made in a meeting of the Provincial Development Working Party. Among the notable approvals was a plan to enhance agricultural productivity in the merged districts. In addition, several projects aimed at improving the infrastructure […]
Petroleum dealers threaten strike against deregulation of petroleum prices
- 22-Feb-2025
Karachi: The petroleum dealers have warned the government against deregulation of petroleum prices, ARY News reported on Saturday. According to details, Abdul Sami Khan, Chairman of the Pakistan Petroleum Dealers Association, held a press conference. He stated that efforts to deregulate petroleum prices had been ongoing for the past three years. The Chairman mentioned that […]
Sindh govt announces school holiday
- 06-Feb-2025
KARACHI: The Sindh government has announced a holiday for all educational institutions on February 14 (Friday) on account of Shab-e-Barat in the province, ARY News reported. According to a notification issued by the Sindh government, all the public and private educational institutions will remain closed on February 14 (15th of Sha’ban) in connection with the […]
Govt to provide written response on PTI demands by Jan 28
- 23-Jan-2025
ISLAMABAD: The government negotiation committee will provide a written response to Pakistan Tehreek-e-Insaf (PTI) on judicial commission formation demand by January 28, ARY News reported. According to spokesperson for the government committee Irfan Siddiqui, the response will address the PTI’s demands, including the formation of a judicial commission to investigate the May 9 riots. The […]