Prime Minister Shehbaz Sharif signs Annual Budget 2026-27 documents at Parliament House, Islamabad, on June 12, 2026. —PIDPrime Minister Shehbaz Sharif green-lighted Automotive Industry Development Policy 2026-31, linking incentives to exports, localisation and domestic…
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Cabinet approves 15% raise in EOBI pensions
An undated photo of the federal cabinet in Islamabad. — Radio Pakistan/File
In a sigh of relief for retired employees, the federal government approved a 15% increase in pensions under the Employees’ Old-Age Benefits Institution on Saturday.
Talking to journalists,…
Strategic oil stocks to be released ‘immediately’ in Asia and Oceania: IEA
A drone view of a pump jack and drilling rig. — AFP/FileAmerica and Europe begin reserve releases starting end of March.IEA releases 271.7 million barrels to cushion oil price surge.Agency urges insurance, protection to restore Hormuz shipping.
Strategic oil reserves will…
UAE loan rollover: Finance minister insists Pakistan faces no external financing gap
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, July 19, 2024. — Reuters Matter should be taken up with FO: FinMin on UAE rollover query.SBP chief says central bank not handling UAE rollover deal.FBR failed to significantly…