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Govt Forms Budget Committee to Recover Rs. 72 Billion From Oil Companies

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The federal government has constituted a high-level committee to examine major fiscal matters and prepare recommendations for Prime Minister Shehbaz Sharif ahead of the announcement of the FY2026–27 federal budget. One of the central issues under review is the existing cross-subsidy financing mechanism overseen by the Petroleum Division. The committee will also evaluate the possibility … Read more

Transporters Demand Diesel Price Cut, Warn of Nationwide Shutdown

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The Fleet Operators Association of Pakistan (FOAP) has called on Prime Minister Shehbaz Sharif to provide immediate relief to the transport and logistics sector, warning that rising diesel prices and high withholding taxes are putting severe financial pressure on businesses and risking supply chain disruptions across the country. In a letter addressed to the prime … Read more

Trump seeks wider geopolitical restructuring through Iran ceasefire deal

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At a time when negotiators are striving to secure a peace agreement between the United States and Iran, President Donald Trump has stirred a fresh controversy by attempting to link any prospective deal to Middle Eastern countries joining the Abraham Accords — the US-backed regional security and normalisation framework. https://truthsocial.com/@realDonaldTrump/116635193825443617 In a post on Truth … Read more

Pakistan, China sign agreements spanning agriculture, education, media and trade

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Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang on Monday witnessed the signing and exchange of several agreements, Memoranda of Understanding (MoUs), protocols, and cooperation documents in Beijing. Prime Minister Shehbaz Sharif on Saturday landed in Hangzhou, kicking off his four-day official visit to China to commemorate the 75th anniversary of the establishment of … Read more

China’s Xi hails ‘unbreakable’ Pakistan ties, praises Iran peace efforts

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President Xi Jinping hailed China’s “unbreakable” ‌friendship with Pakistan on Monday as he met Prime Minister Shehbaz Sharif in Beijing, seeking to deepen their “all-weather” partnership. Xi welcomed the Pakistani leader as an “old friend” at Beijing’s Great Hall of the People as the two countries mark 75 years of diplomatic relations.  He said the … Read more

Trump links Iran deal to Abraham Accords

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United States President Donald Trump said on Monday that he had asked countries, including Qatar, Saudi Arabia, Pakistan, Egypt, Jordan and Turkiye, to join the Abraham Accords en masse to normalise relations with Israel as he tries to negotiate an agreement to end the war with Iran. Trump said he spoke on Saturday to leaders of those … Read more

Sri Lanka’s Kusal Mendis leads white ball teams to West Indies

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COLOMBO: Sri Lanka’s cricket selectors named Kusal Mendis on Monday as the new captain of both the one-day international and T20 teams for the upcoming tour of the West Indies. Dhananjaya de Silva was retained as Test captain, while Kamindu Mendis was appointed vice-captain across all three formats. Sri Lanka’s squad leaves for the West … Read more

Iranian VP urges striker Azmoun’s return to national team

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TEHRAN: An Iranian vice president called Monday for striker Sardar Azmoun, who faced allegations of treason from Iran’s state media, to be reinstated to the national team ahead of the 2026 World Cup. Azmoun was omitted from the initial squad list drawn up by the team’s manager, as the team prepared for a tournament co-hosted … Read more

Zelenskiy: Little progress in talks with US on missile defences

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President Volodymyr Zelenskiy said on Monday that Ukraine had made little progress in talks with the United States on expanding production of missile defences and was working with Europe to solve the matter. “Unfortunately, there has been no progress for a long time with America regarding the expansion of anti-ballistic missile production,” he said in … Read more