Friday, June 12th, 2026
RCCI welcomes relief measures, calls for stronger industrial support
RAWALPINDI, JUN 12 /DNA/ – The Rawalpindi Chamber of Commerce and Industry (RCCI) has termed the Federal Budget 2026-27 a mixed budget, containing both positive measures and areas that require further attention. RCCI President Usman Shaukat said that the reduction in taxes for the salaried class and the decrease in super tax are welcome steps. He also appreciated the tax relief provided to the IT sector, noting its vital role in promoting exports and employment. He welcomed the allocation of Rs. 88 billion under the Export Finance Scheme, describing itRead More
UNHCR, QAU sign agreement to advance refugee research
ISLAMABAD, 12 JUN (DNA) — Ahead of World Refugee Day, observed globally under the theme “Until Everyone is Safe,” UNHCR, the UN Refugee Agency, and Quaid-i-Azam University (QAU) reaffirmed their commitment to advancing opportunities through partnership, education, and academic cooperation. An event held at Quaid-i-Azam University brought together students, academics, and partners to reflect on the importance of safeguarding the right to seek safety and on the collective responsibility to support people forced to flee conflict, persecution, and violence. Marking the occasion, UNHCR and Quaid-i-Azam University signed a Cooperation Framework Agreement (CFA) to strengthenRead More
Finance minister presents Rs18.77tr Budget 2026-27
ISLAMABAD, JUN 12: Finance Minister Muhammad Aurangzeb presented the federal budget for fiscal year 2026-27 in the National Assembly during a session chaired by Speaker Ayaz Sadiq, as opposition members protested and created noise in the House. The National Assembly budget session was chaired by Speaker Ayaz Sadiq. Prime Minister Shehbaz Sharif reached the Assembly session, while Bilawal Bhutto Zardari also attended the proceedings. Earlier, Bilawal Bhutto and Mohsin Naqvi left for the National Assembly Hall. Finance Minister Muhammad Aurangzeb formally presented the budget document for the new fiscal yearRead More
Govt proposes 7% salary, pension hike in FY2026-27 budget
ISLAMABAD, JUN 12: The federal government has proposed a 7% increase in the salaries of public sector employees in the federal budget for fiscal year 2026–27 The PML-N-led coalition government also proposed a 7% increase in pensions for retired government employees. In addition, the federal government has suggested a 10% increase in the minimum wage. The proposal for the salary hike was unveiled by Federal Finance Minister Muhammad Aurangzeb during his National Assembly budget speech for the fiscal year 2026-27 on Friday. Expressing his views on the assembly floor, duringRead More
FPCCI praises budget, urges shift to growth
Islamabad / Lahore / Karachi, JUN 12 /DNA/ – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has acknowledged the presentation of the Rs. 18.7 trillion Federal Budget 2026-27, commending the government’s efforts toward macroeconomic stabilization – while urging a stronger transition toward sustained economic and industrial growth. Mr. Atif Ikram Sheikh, addressing the business community and media in a post-budget session today, the President of FPCCI congratulated Prime Minister Mian Muhammad Shehbaz Sharif and the government’s economic team on their fifth consecutiveRead More
Sherry Rehman Calls for Urgent Action to End Child Labour
ISLAMABAD, 12 JUN (DNA) — On World Day Against Child Labour, Senator Sherry Rehman expressed grave concern over the continued prevalence of child labour that threatens the future of millions of children and undermines the country’s development goals. “Every child deserves a childhood, an education, and the opportunity to realize their full potential. Yet millions of Pakistani children continue to be trapped in cycles of poverty, exploitation, and hazardous work,” Senator Rehman said. She noted “According to ILO, approximately 8.6 million children in Pakistan are engaged in child labour. Of these,Read More