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Squeezing tax from easy targets
ISLAMABAD: The federal government’s demand that provinces share the burden of the Federal Board of Revenue (FBR) collection shortfalls underscores an unsustainable fiscal strategy. The honest answer is that it is mostly political economy, not administrative incapacity, analysts say. There are some structural issues as well, but political economy remains at the heart of the problem. The Pakistan Economic Survey FY26 lists reforms ranging from digitalisation to enforcement that have yielded some g...
ECONOMIC SURVEY 2026-27: Record provincial surplus masks deeper fault lines
ISLAMABAD: Provincial fiscal operations provided significant support to the federal government in improving the overall fiscal situation in the outgoing year. “The dedicated efforts at the provincial level for effective resource mobilisation and prudent expenditure management triggered higher growth in provincial revenues relative to expenditures,” the Economic Survey of Pakistan 2025-26 acknowledged. All four provinces collectively achieved the highest-ever surplus of Rs1,636.1 billion in July...
Cash-starved govt doles out Rs2.35tr in tax exemptions
ISLAMABAD: The government on Thursday announced a decline in tax exemptions in the outgoing fiscal year — the first such reduction in recent years — according to the Pakistan Economic Survey 2025-26 unveiled by Finance Minister Muhammad Aurangzeb. The survey noted an unprecedented 3.37pc fall in tax exemptions, bringing the cost down to Rs2.353 trillion in FY26 from the downward-revised Rs2.434tr recorded in FY25. In FY25, the government had initially reported exemptions at Rs5.84tr, a sharp 51p...
Asia energy crisis at ‘worst’ case scenario, ADB warns
Multilateral lender says 15 countries have requested $4bn in emergency support due to war in Iran
كيف صنع أغنى مليارديرات العرب ثرواتهم: أسرار النجاح المذهلة!
اكتشف كيف نجح أغنى مليارديرات العرب في جمع ثرواتهم الهائلة من خلال استراتيجيات مبتكرة ومصادفات غير متوقعة! سنستعرض قصصهم المدهشة والحقائق المثيرة عنهم.
Unveiling the Wealth: How the Richest Arab Billionaires Built Their Empires
Discover the astonishing journeys of the wealthiest Arab billionaires who transformed fortunes from humble beginnings. From oil to tech innovations, their stories are as captivating as their bank balances.
Centre Bars Bulk Industrial Petrol, Diesel Purchases Through Petrol Pumps
The government said bulk procurement through retail stations could divert supplies intended for ordinary consumers.
CLSA name to vanish after four decades in Asian brokerage
Distinctive brand to be replaced by Citic, China’s state-owned financial giant, from next year
Stocks markets surge as Trump calls off strikes on Iran, touts peace deal
Wall Street, Asian markets rally on hopes for an end to US-Israeli war on Iran.
Oil prices slip below $90: Brent, WTI tumble after Trump announces ‘ending war with Iran’
Oil prices dropped below $90 per barrel as US President Donald Trump announced a framework agreement with Iran, signaling an end to the conflict and the expected reopening of the Strait of Hormuz. This development follows a week of heightened tensions and Iran's earlier threat to close the vital shipping lane, which had previously kept oil prices elevated.
Appeals Court Says US Government Can Keep Collecting 10% Tariffs For Now
The Court of Appeals for the Federal Circuit in Washington decision handed a procedural win to the Trump administration, concluding that its case was "likely to succeed on the merits.''
Can Africa turn its population boom into prosperity?
Africa’s rapid population growth offers major economic opportunities but also deep structural constraints.
كيف أصبح مارك زوكربيرغ من طالب جامعي متسرب إلى ملياردير بقيمة 150 مليار دولار؟
من غرفة النوم إلى قمة التكنولوجيا، قصة مارك زوكربيرغ تلهم الملايين. اكتشف كيف تمكن هذا الشاب من تحويل فكرة بسيطة إلى إمبراطورية بقيمة تريليونات.
From Dorm Room to Digital Empire: The Astounding Rise of Mark Zuckerberg to $150 Billion
Mark Zuckerberg's journey from college dropout to billionaire tech mogul is nothing short of extraordinary. Discover the milestones and surprising turns that catapulted him to a staggering net worth of $150 billion.
Vice premier: China will share development opportunities worldwide
China is steadfastly expanding high-standard opening up and will continue to share development opportunities with other countries and deliver more certainty and stability to the world economy, Chinese Vice Premier Zhang Guoqing said on Thursday.
SpaceX sets IPO price at $135
Elon Musk’s SpaceX will begin trading with a price set at $135 per share, giving the company a valuation of $1.77 trillion and making it the largest-ever stock debut. NBC News’ Allie Canal explains.
شباب المليارديرات: تعرف على أصغر 10 مليارديرات في 2026 وما هي أسرار نجاحهم!
في عالم سريع التغير، يبرز جيل جديد من المليارديرات الذين حققوا ثرواتهم في وقت قياسي. اكتشف قصص النجاح المذهلة لأصغر 10 مليارديرات في 2026 وكيف تمكنوا من تحقيق ذلك.
Meet the 10 Youngest Billionaires of 2026 Who Are Shaping the Future
From tech prodigies to sustainable fashion moguls, these ten young billionaires are not just wealthy; they are reshaping industries and redefining success. Discover their incredible journeys and what sets them apart in a competitive world.
Washington Post faces class-action lawsuit alleging 'surveillance pricing' of subscribers
The Washington Post was accused of "surveillance pricing" in a new class action lawsuit filed against the paper on Thursday.According to the complaint, the Washington Post "covertly harvested" personal data from subscribers to set unequal prices for longtime customers based on their browsing habits and profile information."Rather than rewarding loyalty, The Post's system converted Subscribers' engagement into leverage against them. Longtime Subscribers would end up paying more than new customers...
Why the economics makes this the craziest world cup ever
Why the economics makes this the craziest world cup everJust nowShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorBBCFootball World Cups are rarely completely politics-free but never has the beautiful game navigated a geopolitical high-wire act of this kind. The main host is at war with a participant, whose team must commute in on match days from another country.Add to that the quite astonishing coincidence of the US, Canada and Mexico, the three co-hosts of the 2026 World Cup, bein...
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